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Nokia Lowers Profits Outlook Slightly

JOEL JOHNSON

Reading time 1 minute

Good morning, friends. Looks like Nokia has suffered a small hit in profits, as they announced second-quarter earnings will be a bit short of the expected € 0.18 mark, coming in somewhere around € 0.13-0.15. Nokia has taken it in the chin as other handset manufacturers are penetrating emerging markets, something Nokia seems to have problems doing. Still, profits are profits, and Nokia isn’t a company to sit idly by and wait for their margins to be eroded.

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