Nokia shares fell as much as 4% on Thursday as the telecom equipment maker reported worse-than-forecast profit, guided its sales outlook lower, and said customers are beginning to delay spending.
Its operating profit... Nokia shares fell as much as 4% on Thursday as the telecom equipment maker reported worse-than-forecast profit, guided its sales outlook lower, and said customers are beginning to delay spending. Its operating profit of €479 million came in below expectations of €543 million, though sales were a touch ahead of estimates.
Its sales outlook was lowered to range of €24.6 billion to €26.2 billion, from a previous range of €24.9 billion to €26.5 billion, which it says was the result of changes in the value of the euro.
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