NOK Stock Recent News

American depositary receipts (ADRs) of Nokia (NOK) advanced in intraday trading Thursday after the Finland-based telecom said it sees business rebounding in the second half of the year.

Nokia (NOK) reports revenue contraction year over year in the first quarter of 2024, owing to soft demand trends and macroeconomic headwinds.

Wireless and fixed-network equipment maker Nokia on Thursday reported a smaller-than-expected profit and a double-digit fall in sales in the first quarter due to a market weakened by a lack of clients investing in 5G technology.

Pekka Lundmark, president and CEO of Nokia, discusses first-quarter earnings and the telecommunications industry.

Nokia on Thursday posted a 19% drop in its first quarter sales, driven by a global slump in infrastructure spending, but said it remains confident it will achieve its financial goals for 2024 as it forecast a major rebound in the second half of the year.

Finnish telecom gear maker Nokia reported on Thursday a first-quarter comparable operating profit that missed market expectations, with net sales falling 19% as operators' spending on 5G technology slows.

Nokia (NOK) is expected to report a top-line contraction year over year in the first quarter of 2024 due to sluggish demand trends, fierce competition and macroeconomic headwinds.

2024 is shaping up to be a tumultuous year for Apple (NASDAQ: AAPL ). The tech behemoth and smartphone market leaders had been forced to contend with stock price downgrades from banks following lower consumer demand, and now face a landmark lawsuit amid accusations of building an industry monopoly.

Nokia's (NOK) strategic divestiture aligns with its Cloud and Network Services group's vision, focusing on driving technology leadership and achieving accelerated growth.

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