Nokia, which until recently was the world's biggest mobile phone maker, reported a much worse-than-expected second quarter loss Thursday as it presses on with a massive restructuring of its faltering business. The Finnish company's chief executive Stephen Elop acknowledged in the earnings statement that the April-June period had been "a difficult quarter". In the second quarter, Nokia posted a net loss of 1.41 billion euros (*1.74 billion), about four times their loss of 368 million euros during the same period a year earlier and more than double the loss anticipated by analysts. The Q2 operating loss stood at *1.01 billion. Analysts polled by Dow Jones Newswires had expected Nokia to post a net loss of just 654 million euros for the quarter. While the company also suffered a 19-percent plung in sales to 7.54 billion euros, it did beat analyst expectations that it would rake in 7.24 billion.