Nokia Q4 2012 Beats The Street On Sales Of $10.7B, EPS Of ?0.08, But Axes 2012 Dividend To Keep Liquidity
Nokia continues to turn its ship around, slowly. The Finnish handset maker -- once the world's largest but hit bad by competition from Android device makers and Apple -- today reported Q4 earnings that showed a marked improvement over last quarter. Revenues were $10.7 billion, on EPS of $0.08, beating street expectations. Analysts were expecting EPS of $0.06 on revenues of $10.55 billion. It is also reporting an operating profit of $585 million.