Nokia Posts Narrower Loss In Q3; Announces Plans To Significantly Reduce Costs

Nokia Corp. (NOK) reported a third-quarter loss of 127 million euros compared to a loss of 190 million euros, previous year. EPS was negative at 0.02 euros, compared to a negative 0.03 euros, last year, primarily driven by lower restructuring and impairment charges, partially offset by the absence of non-recurring catch-up licensing net sales, which benefitted the year-ago period, our gross profit performance and income taxes. Non-IFRS EPS was 0.06 euros, compared to 0.09 euros, a year ago. Non-IFRS diluted EPS, excluding non-recurring catch-up licensing net sales, declined by 0.01 euros year-on-year.

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