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Nokia (NOK) Stock Falls on Surprise Q1 Loss

NEW YORK (TheStreet) -- Nokia (NOK - Get Report) stock is declining 2.81% to $5.54 in pre-market trading Tuesday after reporting its 2016 first quarter financial results.

Before the market open, the wireless technologies specialist reported a loss of 613 million euros ($583.46 million) for the first quarter, compared to a profit of 169 million euros a year earlier.

Nokia was negatively impacted by charges related to the $16.6 billion acquisition of Alcatel-Lucent (ALU). Excluding these costs, Nokia reported net profit of 139 million euros.

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