Earnings and Losses

Nokia: Financial Gauge Analysis for the September 2010 Quarter

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In Brief...

NOK1V) earned ?0.14 per diluted share on an IFRS basis in the September-ending third quarter of 2010, up from a loss of ?0.15 per share in the same quarter of 2009. This post reports on the metrics for Nokia and the associated financial gauge scores. The metrics were calculated using data from Nokia's current and historical financial statements. A Finnish company with a rich history, Nokia Corporation has been the leading global producer of mobile phones since 1998. Nokia's annual profit fell from ?4.0 billion in 2008 to ?891 million in 2009. In the latest and most dramatic attempt to regain its competitive position, Nokia announced on 10 September 2010 that it would replace its Chief Executive Officer with Mr. Steven Elop, formerly of Microsoft (NASDAQ: Additional background information about Nokia and the business environment in which it is currently operating can be found in the look-ahead.. In summary, Nokia's latest quarterly results produced the following changes to the gauge scores: Although some of Nokia's profitability ratios are significantly below their long-term averages, improvements in the last year allowed the Profitability gauge to tack on a few points and achieve a mid-range result..

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