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#### Nokia Q2 sales fall 24%, misses expectations

HELSINKI (AP) — Nokia Corp. says its net loss narrowed in the second quarter to 227 million euros ($298. million) compared to a net loss of 1.41 billion euros a year earlier. The struggling Finnish cellphone

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# Nokia Q2 sales fall 24%, misses expectations

8:04 a.m. EDT July 18, 2013

A employee demonstrates the photo capabilities of the Nokia Lumia 1020, a Windows Phone with a 41-megapixel camera .(Photo: TIMOTHY CLARY AFP/Getty Images)

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HELSINKI (AP) — Nokia Corp. says its net loss narrowed in the second quarter to 227 million euros ($298. million) compared to a net loss of 1.41 billion euros a year earlier.

The struggling Finnish cellphone maker said sales fell by 24% to 5.7 billion euros from 7.5 billion in the second quarter last year.

Sales of the company's flagship Lumia phones increased by 32% compared to the first quarter to 7.4 million handsets.

The results, however, were weaker than analysts had expected. The company's share price fell 3 percent to 2.99 euros at the Helsinki Stock Exchange.

On the Nasdaq, shares of Nokia were down 3.47% in pre-market trading.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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