Nokia (NYSE: NOK) today reported a wide operating loss from anemic smartphone sales and swallowed a massive writedown from its joint venture.

The world's largest mobile phone maker reported a third-quarter operating loss of 426 million euros, compared with an operating profit of 1.5 billion euros in the same period a year earlier.

Before charges, Nokia reported earnings of 17 euros, or $0.26, a share -- a 48 percent decline from last year, but still above the $0.18 analysts had forecast.

But after absorbing a 908 million euro ($1.35 billion) wiredown on its Nokia Siemens Networks venture, the company posted a earnings per share of -0.15 euros ($0.22 per share).

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