Nokia (NYSE:NOK) Quarterly Sales Tumbles to 13 Year Low Level – NOK, MSFT, YHOO, ORCL

Nokia Corporation (ADR) (NYSE:NOK) on Thursday declared its smallest quarterly revenue in 13 years as handset demand waned, failing to meet Wall Street forecasts. Shares of the Finnish mobile-phone maker seeking a comeback tumbled 8.3% following the news.

The Espoo, Finland-based Nokia announced in a statement on Thursday that sales in fiscal first-quarter moved down 20% to 5.85 billion Euros or $7.6 billion.

Analysts forecasted 6.52 billion Euros, the average of forecasts gathered by Bloomberg. Mobile-phone volumes tumbled 25%.

Rivalry from Asian makers building phones that operate on Google Inc’s (NASDAQ:GOOG) Android software is hurting demand for Nokia’s phones.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Microsoft Corporation (NASDAQ:MSFT) fell -0.12% to settle at $28.79, Yahoo! Inc. (NASDAQ:YHOO) moved down -1.85% to end at $23.26 while Oracle Corporation (NASDAQ:ORCL) jumped -1.12% to finish at $32.12 on Thursday.

Nokia Corporation (ADR) (NYSE:NOK) last session’s volume of 135.88 million shares was higher than its average volume of 39.77 million shares. The stock after opening at $3.22 hit high price of $G and then closed at $G by scoring +G%.

NOK generated revenue of $39.56 billion in the previous twelve months and earned -$4072.27 million. The Company showed a negative -12.56% in the net profit margin as well as in its operating margin which remained at -7.63%. Company’s annual sales growth for the past five years was -9.98%.

The NOK’s past twelve months’ price to sales ratio was 0.31 and price to cash ratio remained 0.90. As far as the returns are concerned, NOK’s return on equity was recorded as -31.16% and return on investment decreased -24.74% while its return on asset stayed at -11.46%.

The stock showed weekly downbeat performance of -9.94% which was maintained for the month at -5.37%. Likewise the negative performance for the quarter was recorded as -31.68% and for the year was -14.78% while the YTD performance remained at -19.75%.

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