Nokia Disappoints Investors as Alcatel Deal Adds to Costs
- Expenses for Alcatel acquisition push company to net loss
- CEO Suri trying to reduce costs after buying French rival
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Nokia Oyj’s first quarterly report as a combined company with Alcatel-Lucent SA disappointed investors, revealing the challenges the network manufacturers face to make their merger pay off.
Shares of Nokia fell 7.2 percent, the most in three months, to the lowest level since October 2013 after first-quarter revenue missed analysts’ estimates and costs related the combination pushed the company to a net loss.