Reported 2 days ago
Nokia's first-quarter profit fell short of market expectations, primarily affected by U.S. tariffs, which could reduce its second-quarter earnings by up to 30 million euros. The company reported an operating profit of 156 million euros, missing analysts' forecasts by 36%. Despite steady growth in North America, concerns over tariffs have dampened prospects as companies may slow down orders to mitigate potential price increases. Nokia maintained its annual outlook but acknowledged challenges moving forward.
Source: YAHOO