Mobile-phone giant Nokia (NOK Quote) this morning announced healthy fourth-quarter earnings results, but, like a cavalcade of companies before it, said the first quarter would be a challenge.
The Finnish company reported earnings of 0.25 euro (23 cents) a share on net sales that grew 46% and operating profit that was up 32%. That's better than the 21 cents a share that analysts were expecting. But the company said it only expects first-quarter results to match the year-ago period on sales growth that is now expected to be in the range of 25% to 30% because of "slower-than-anticipated market growth."![]() |
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