Highlight:
Revenue:
Sequential Quarter drop 19% from $25.04 billion to $20.13 billion
Y2Y of Q1 rose 28% from 15.71 billion to $20.13 billion
EPS:
Sequential Quarter drop 34% from $0.77 to $0.51
Y2Y of Q1 rose 27.5% from $0.40 (with $1.55 billion Net Profit) to $0.51 (with $1.94 billion Net Profit)
Analyst expect $2.19 billion of profit vs actual profit of $1.94 billion, which is 12% below expectation.
The weaker industry outlook
On Thursday, Nokia said it expects the mobile-device market to decline in value in euro terms in 2008, reflecting "continued weakness in the U.S. dollar against the euro, the general economic downturn in the U.S. and possibly going forward some slowdown in Europe."
Note:All $ is referring to USD.
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