Reuters: Technology News: Nokia promises further cost cuts after Q1 loss

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Nokia promises further cost cuts after Q1 loss Apr 19th 2012, 10:08 Tweet Share this Email Print Related News Nokia's elusive recovery rekindles strategy doubts Wed, Apr 18 2012 Mobile operators unconvinced by Nokia's revival bid Tue, Apr 17 2012 Nokia hits new low as Moody's cuts rating Mon, Apr 16 2012 Investors losing faith that Nokia can stop the rot Thu, Apr 12 2012 Wall Street rises after five losing days, Alcoa soars Wed, Apr 11 2012 Analysis & Opinion Apple and Microsoft v. Google: patent war shifts to antitrust Press Round-up – March 29 Picture shows a Nokia logo at a shop in Warsaw, January 26, 2012. Credit: Reuters/Kacper Pempel HELSINKI | Thu Apr 19, 2012 6:08am EDT HELSINKI (Reuters) - Struggling Finnish cellphone maker Nokia promised more substantial cost cuts after reporting a slightly larger-than-expected loss for the first quarter. Nokia reported a loss of 0.08 euros per share for the quarter, compared with an average forecast for a loss of 0.07 euros per share, according to analysts' forecasts compiled by Thomson Reuters StarMine. The company warned last week its phone business would post losses in the first two quarters of this year as sales of its new Microsoft Windows phones fail to compensate for shrinking sales of legacy models. (Reporting By Tarmo Virki) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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