UGG Tall Nokia's third quarter net loss of $ 94 million better than analysts expected

SAN FRANCISCO, October 20 evening news, Nokia (microblogging) today announced fiscal 2011 third quarter earnings, total revenues of 89.8 billion euros, compared with last year's 10.27 billion euros, down 13% ; operating loss of 71 million euros, compared with operating profit of 403 million euros; net loss of 68 million euros (94 million U.S. dollars), compared to net income of 529 million euros.

based on non-International Financial Reporting Standards (non-IFRS), diluted earnings per share for the quarter Nokia 0.03 euros,UGG Tall, below last year's 0.14 euros, higher than analysts surveyed by Reuters on average expected loss per share of 0.01 euros. Traditional mobile phone shipments to 89.8 million, higher than expected 67000000-89700000. Nokia reason why this quarter loss, mainly because of the smart phone shipments fell 39%, overall revenue down 13%.

results and highlights:

third quarter, Nokia net sales 8.98 billion euros, down from 10.27 billion euros a year earlier.

net loss of 68 million euros (about $ 94 million), while a year earlier net profit of 529 million euros.

operating loss of 71 million euros, while operating profit a year earlier to 403 million euros.

based on non-International Financial Reporting Standards (non-IFRS), operating profit of 2.52 billion euros, while the same period last year of 6.34 billion euros.

diluted loss per share 0.02 euros, while earnings per diluted share a year earlier 0.14 euros.

based on non-International Financial Reporting Standards (non-IFRS), diluted earnings per share 0.03 euros, while the same period last year diluted earnings per share 0.14 euros.

net cash from operations in 852 million euros, a year earlier to 439 million euros.

net of cash and other liquid assets to 5.067 billion euros, while a year earlier to 4.375 billion euros.

equipment and services sector earnings:

net revenues of 5.392 billion euros, a year earlier to 7.173 billion euros. Operating profit of 1.32 billion euros a year earlier to 807 million euros.

intelligent net revenue 2.206 billion euros, a year earlier to 3.612 billion euros. Traditional phone sales 2.903 billion euros net, a year earlier to 3.364 billion euros. Mobile devices shipped 106.6 million. Smart devices shipments of 16.8 million. Traditional mobile phone shipments 89.8 million.

based on non-International Financial Reporting Standards (non-IFRS), operating profit of 2.22 billion euros a year earlier to 7.5 billion euros.

operating margin was 2.4%, 11.3% a year earlier.

based on non-International Financial Reporting Standards (non-IFRS), operating margin was 4.1%, 10.5% a year earlier.

NAVTEQ sector earnings:

net revenues of 241 million euros a year earlier to 252 million euros. Operating loss of 45 million euros, a year earlier operating loss of ��48 million.

based on non-International Financial Reporting Standards (non-IFRS), operating profit of 68 million euros a year earlier to 74 million euros.

operating margin was -18.7%, -19.0% for the same period last year.

based on non-International Financial Reporting Standards (non-IFRS), operating margin was 28.2%, 29.4% a year earlier.

Nokia Siemens Networks earnings:

net revenues of 3.413 billion euros, a year earlier to 2.943 billion euros. Operating loss of 114 million euros, a year earlier operating loss of 282 million euros.

based on non-International Financial Reporting Standards (non-IFRS),UGG Tall, operating profit of 600 million euros,UGG Tall, a year earlier operating loss of 116 million euros.

operating margin was -3.3%, -9.6% for the same period last year.

based on non-International Financial Reporting Standards (non-IFRS), operating margin was 0.2% -3.9% a year earlier.

outlook:

Nokia expects, based on non-International Financial Reporting Standards (non-IFRS), the fourth-quarter operating profit margin equipment and services will reach 1-5% .

based on non-International Financial Reporting Standards (non-IFRS), Nokia devices and services operating expenses in fiscal year 2010 was 56.5 billion euros, Nokia expects fiscal year 2013 operating expenses to reduce the department at least 10 billion euros, As of the end of fiscal 2011 net cash and other liquid assets will be higher than at the end of the second quarter, when 39 million euros.

Nokia expects fourth-quarter Nokia Siemens Networks net sales will reach 3.7 to 4 billion euros. Based on non-IFRS (non-IFRS), Nokia Siemens Networks fourth quarter operating profit will reach 1-4%.

Nokia expects that Nokia Siemens Networks net sales increase in fiscal year 2011 will be higher than the industry average. (Li)

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