Mobile device maker Nokia saw its stock fall more than 7 percent Tuesday after reporting a bigger-than-expected network sales decline.
The company also said it sees sales declining further this year.
First-quarter network sales dropped 8 percent in from a year ago to $5.9 billion, missing Reuters' forecast of $6.27 billion. Nokia said the decline was due to customers holding off new orders while it integrates its purchase of rival Alcatel-Lucent.
Nokia bought Franco-American Alcatel for $17.8 billion earlier this year to help it more broadly compete with Sweden's Ericsson and China's Huawei in both fixed-line and mobile network equipment.