Nokia Cuts Profit Forecast Citing Dollar Weakness, Tariffs
A Nokia Lifespan MF fiber broadband device in the Nokia Oyj pavilion at the MWC25 tech show in Barcelona, Spain, last year.
Photographer: Angel Garcia/BloombergNokia Oyj cut its profit guidance for the year, citing a weaker US dollar and tariffs.
The Espoo, Finland-based telecom equipment maker now expects operating profit for the year to be €1.6 billion ($1.9 billion) to €2.1 billion, according to a company statement issued Tuesday. That’s down from its January guidance when it projected as much as €2.4 billion.