Nokia Oyj, the Finnish mobile-phone maker seeking a comeback, reported its smallest quarterly revenue in 13 years as handset demand waned, missing analysts’ estimates and sending its stock down as much as 13%.
Nokia Oyj, the Finnish mobile-phone maker seeking to reverse falling sales, reported fourth-quarter profitability for its handset business exceeding its forecast, helped by recovering demand and cost cuts. The stock jumped.
As Nokia Oyj depletes its cash pile amid a prolonged turnaround effort, investors are bracing for something that hasn’t happened in decades: no dividends.
