Slimmed-down technology firm Nokia on Tuesday unveiled it new CEO and reported sales figures below analysts' expectations.
Sales in the first quarter came in at 2.7 billion euros ($3.7 billion), against expectations in a Dow Jones poll for a figure of 2.85 billion euros. The group earned 0.04 euros share, against the 0.08 euros seen in the fourth quarter of 2013.
The latest earnings come at a time of serious upheaval at the Finnish company. U.S. technology giant Microsoft finally completed its acquisition of Nokia's devices and services business on Friday. The two companies had forged a partnership to produce several well-received smartphones in recent years but Nokia has struggled with market share over the past few years, with the emergence of Apple and Samsung.
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