Nokia Q2 sales fall by 24 pct, misses expectations

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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 percent 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 percent 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.

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