Nokia likely to report loss

Nokia Oyj may report a second consecutive quarterly loss tomorrow, with smartphone shipments falling to the lowest since 2009, as the company prepares its first handsets based on Microsoft Corp’s Windows Phone 7.

The third-quarter net loss may have reached euro 241 million ($330 million), after a euro 368-million loss in the second quarter, according to the average of 22 analyst estimates compiled by Bloomberg. Sales of smartphones, which have computer-like features, may have fallen 41 percent to 15.7 million units from a year earlier, analysts estimated.