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Nokia quarterly earnings meet expectation


Thursday, January 26, 2006

Nokia reported fourth-quarter earnings per share of 0.25 euros, in line with poll expectations. Net sales were 10.3 billion euros, up 9.3 percent from a year ago and above the average forecast of 10 billion.

Nokia said demand was strong in the last three months of 2005, boosting its sales and helping it to recover more of the market share it had lost a year ago.

Demand in China and India helped it sell 84 million phones in the last three months of 2005, 27 percent more than the year before and in line with growth at its top-five rivals.

Nokia's global market share rose slightly to 34 percent as the top five continued to gain ground over smaller handset makers, and it said it expected its mobile devices share to be flat or slightly higher in the first quarter of 2006.

By: DocMemory
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