Nokia Posts $269 Million in Profit for 4th Quarter

Compared to a $1 billion plus loss in the 4th quarter of 2011

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Nokia might be down, but it's certainly not out.

The company today reported its fourth-quarter earnings, and offered up performance that might make its doomsayers think twice. During the fourth quarter, Nokia was able to generate a profit of 202 million euros ($269 million), a massive gain over the 1 billion euros the company lost during the same period in 2011. Still, Nokia's profit came amid slumping revenue that fell from 10 billion euros in the fourth quarter of 2011 to 8 billion last quarter.