Nokia said Thursday it plans to close its core manufacturing plant in Finland, and shut other research and development projects.
The company also said its second-quarter loss from its smartphones business would be larger than expected.
Nokia said it would record additional restructuring charges by the end of next year of about €1 billion.Shares of Nokia dropped 8.6% in premarket trading Thursday to $2.55.
Smithfield Foods (SFD) , the meat processor, reported fourth-quarter earnings Thursday of $79.5 million, or 49 cents a share, down from year-earlier earnings of $98.4 million, or 59 cents. Analysts, on average, expected the company to post quarterly earnings of 53 cents a share. Sales rose 3% to $3.21 billion; analysts were forecasting sales of $3.26 billion. Shares of Smithfield Foods fell 4.29% in premarket trading Thursday to $18.73. 3 Dividend Growth Stocks I Have Been Buying at Any Price
Kroger (KR - Get Report) , the supermarket operator, is expected by analysts Thursday to post fiscal-first-quarter earnings of 72 cents a share on revenue of $29.15 billion. 2 Stocks I Am Buying While Others Are Afraid
United Technologies' (UTX - Get Report) said its board approved an increase of 11.5% to the company's quarterly dividend, increasing it to 53.5 cents a share. Sirius XM's Greatest Fear: Apple in the Driver's Seat
Costco (COST - Get Report) announced Thursday that it was purchasing Controladora Comercial Mexicana's 50% stake in Costco de Mexico for about $760.4 million. -- Written by Joseph Woelfel
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