* FTSEurofirst 300 up 0.1 percent, having hit 1-year high
* Pares gains after Goldman, Citi results
* Nokia slumps 10 percent after results
* Sainsbury up on stake talk
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By Brian Gorman
LONDON, Oct 15 (Reuters) - European shares hit a fresh 12-month high on Thursday, but pared gains after third-quarter earnings at U.S. giants Goldman Sachs and Citigroup disappointed some investors.
Results at mobile phone giant Nokia also hit sentiment. At 1246 GMT, the FTSEurofirst 300 index of top European shares was up 0.1 percent at 1,016.79 points, having been as high as 1,024.34, the highest since Oct. 7, 2008.
The index, which jumped 2.1 percent in the previous session, is up more than 57 percent from the lifetime low it hit in early March, as investors have become more confident of the prospects for economic recovery.
Strong earnings from companies including JPMorgan helped the Dow Jones to surge through the 10,000 mark on Wednesday.
But the index retreated from the highs after U.S. banking giants reported results.
European banks, which had been a major contributor to the benchmark's rise earlier in the session, were lower after the results. Barclays, Credit Suisse and HSBC were down between 1.3 and 1.8 percent.
Goldman Sachs reported net income applicable to common shareholders rose to $3.028 billion, or $5.25 a share, compared with $810 million, or $1.81 a share, in last year's quarter ended August 29.
Its shares fell 2 percent in pre-market trade.
"They are better than expected but there was talk of them coming in at $6, so that's why they have sold off a bit after the figures. It's a good result but the market will be a touch disappointed because JPMorgan flew through expectations," said Arifa Sheikh-Usmani, equity trader at Spreadex.
Citigroup posted a quarterly loss to shareholders as it suffered $8 billion of credit losses, raising further questions about the future of the bank that is one-third owned by the U.S. government.
NOKIA FALLS
Nokia fell more than 10 percent after the world's top cellphone maker reported a surprise loss for the July-September quarter, hit by a major writedown at its networks unit, though it said demand for handsets had improved.
On the upside, UK supermarket group J Sainsbury rose 11.1 percent, with traders citing renewed interest from the Qatari sovereign wealth fund. A Sainsbury spokeswoman declined to comment on the talk.
The Qatari fund built up a stake -- currently around 26 percent according to Reuters data -- during a takeover offer, which they ditched in Nov 2007 due to the credit crisis.
Tesco was up 2 percent, while Morrison rose 2.6 percent.
Across Europe, Britain's FTSE 100, Germany's DAX and France's CAC-40 were down between 0.5 and 0.8 percent.
Futures for the Dow Jones, S&P 500 and Nasdaq were down between 0.3 and 0.6 percent, though new weekly jobless claims fell to a nine-month low, and a gauge of New York State manufacturing unexpectedly rose. (Additional reporting by Harpreet Bhal; editing by Jon Loades-Carter)