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Nokia quarterly results due amid share slide

Finnish mobile phonemaker Nokia announces its second quarter results Thursday, in the wake of a share price slide on the Helsinki stock exchange Wednesday.

Nokian kyltti.
Image: Yle

Shares in mobile phone manufacturer Nokia have continued their downhill slide on the Helsinki Stock Exchange.

By early Wednesday afternoon, the value of Nokia shares had dropped by 1.5 percent to stand at 1.37 euros. On Tuesday, Nokia closed the day at 1.4 euros

Last month the beleaguered phonemaker issued a profit warning, and announced the closure of manufacturing operations in Salo, southwest Finland. It also announced another massive round of 10,000 layoffs globally, including nearly 4,000 jobs in Finland.

Sources: Yle

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