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Nokia Stock Is Dropping. Trump Tariffs Will Hit Earnings, CEO Says. -- Barrons.com
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Nokia Oyj released a report on poor quarterly profits, emphasizing that Trump's tariffs have caused disruption.
Nokia announced on Thursday that its first-quarter profit was far below market expectations and stated that US tariffs would cause short-term disruptions to its second-quarter profit, with an expected impact of between 20 million and 30 million euros. The comparable operating profit for the first quarter of 2025 decreased to 0.156 billion euros (0.1769 billion USD), which is 36% below the analyst prediction of 0.24383 billion euros. The company's total quarterly net sales amounted to 4.39 billion euros, a decrease of 1% year-on-year, which is lower than the analyst expectation of 4.41 billion euros. Although market share was taken by Nordic competitor LM Ericsson Telephone, Nokia remains active in North America.
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