$NOK Tumbles 10% Despite Narrowing Losses

“Finnish mobile phone maker Nokia trimmed its losses in the first quarter, thanks to stronger Lumia smartphone sales.

But the shares fell 10.7 percent in Helsinki because of weaker than expected guidance for the second quarter.

Nokia, which has fallen behind Samsung and Apple in the smartphone race, said it sold 5.6 million units of Lumia handsets in the first quarter, up from 4.4 million in the previous quarter….”

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