Nokia’s Profit Dropped 29% as Weak Dollar, Tariffs Pinch

Nokia Oyj’s adjusted profit dropped 29% in the second quarter from a year earlier after the 5G equipment maker was hit by impact from tariffs and a weak US dollar.

The Espoo, Finland based company’s adjusted operating profit was €301 million ($354 million) in the period, down from €423 million a year ago, it said in a statement Thursday. That compared with an average analyst estimate of €399 million in data compiled by Bloomberg. The 5G equipment maker cut 2025 guidance earlier this week.