Five Companies That Dropped The Ball This Week

Nokia Reports $1.7 Billion Operating Loss In Q2

There aren't many companies that can report a $1.7 billion quarterly operating loss and see shares rise, but that's an accurate illustration of the bizarre situation at Nokia. The struggling Finnish mobile phone maker racked up its fifth consecutive quarterly loss, as smartphone sales plummeted nearly 40 percent during its fiscal second quarter. Nokia sold four million Lumia smartphones during the quarter, double what it sold the previous quarter, but Wall Street analysts are still cutting their forecasts left and right, and the initial stock bump of 7 percent has all but disappeared.

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