Nokia shares dip on disappointing profits
The world's biggest mobile phone maker, Nokia, on Thursday, 17 April, said its first-quarter earnings rose 25% on demand for cheaper phones in emerging markets; but that wasn't enough to make analysts happy.
The results came in below analysts' expectations, and Nokia's share price fell more than 6% to 19.59 euros (US$31.20) in Helsinki, Finland.
Net profit was 1.2 billion euros ($1.9 billion) in the first three months of the year, up from 980 million euros ($1.56 billion) on the same period of 2007.