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| Name | Symbol | Market | Type |
|---|---|---|---|
| Nokia Corp | NYSE:NOK | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.065 | 1.46% | 4.505 | 4.55 | 4.48 | 4.49 | 8,826,691 | 18:29:24 |
From Jan 2023 to Jan 2025
By Dominic Chopping
Nokia cut its operating margin guidance as market conditions in its mobile networks business remain challenging, with operator spending falling and a normalization in India after a period of rapid 5G deployment.
The Finnish telecom equipment maker said Tuesday that it now targets a comparable operating margin target of at least 13% by 2026, from at least 14% previously.
"Nokia still sees a path to achieving the at least 14% comparable operating margin target but considering the current market conditions in mobile networks, this is deemed a prudent change," the company said.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
December 12, 2023 01:38 ET (06:38 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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