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Refinitiv - 3 Anna Ringstrom - 3 Louise Rasmussen - 2 Albert Gea - 1 Matt Scuffham - 1 Börje Ekholm - 1 Ericsson's - 1 Richard Webb - 1
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☆ Nokia misses Q2 expectations, lowers full-year guidance
  + stars: | 2023-07-14 | by ( ) www.reuters.com   time to read: +1 min
STOCKHOLM, July 14 (Reuters) - Finnish telecom gear group Nokia (NOKIA.HE) reported on Friday second-quarter sales of 5.7 billion euros ($6.4 billion), a comparable operating profit margin of 11%, and lowered its full-year outlook. Nokia said it now saw 2023 sales of 23.2-24.6 billion euros ($26.1-$27.6 billion) against 24.6-26.2 billion previously. It narrowed its comparable operating margin range outlook to 11.5-13% from 11.5-14% previously. New Nokia's logo is displayed before GSMA's 2023 ahead of the Mobile World Congress (MWC) in Barcelona, Spain February 26, 2023. ($1 = 0.8906 euros)Reporting by Anna Ringstrom, editing by Louise Rasmussen and Matt ScuffhamOur Standards: The Thomson Reuters Trust Principles.
Persons: Refinitiv, Albert Gea, Anna Ringstrom, Louise Rasmussen, Matt Scuffham Organizations: Nokia, Mobile World Congress, REUTERS, Nokia's Network Infrastructure, Mobile Networks, Thomson Locations: STOCKHOLM, Finnish, Barcelona, Spain
☆ Nokia issues profit warning, rival Ericsson delivers 'lukewarm' results
  + stars: | 2023-07-14 | by ( Martin Coulter | ) www.reuters.com   time to read: +3 min
Nokia's shares dropped 7.8% in early trade to their lowest since April 2021, while Ericsson shares were down 7.7%. Nokia reported preliminary second-quarter sales of 5.7 billion euros ($6.4 billion), while analysts polled by Refinitiv had estimated sales of 6 billion euros on average. Nokia said it now expects 2023 sales of 23.2-24.6 billion euros ($26.1-$27.6 billion) against 24.6-26.2 billion euros estimated previously. Meanwhile, Ericsson reported a 62% fall in second-quarter adjusted operating profit, slightly above market expectations. The Swedish telecom equipment maker's operating profits, excluding restructuring charges, fell to 2.8 billion Swedish crowns ($271 million), compared with 7.4 billion crowns the previous year.
Persons: Refinitiv, Börje Ekholm, Ericsson's, Richard Webb, Webb, we’ll, Martin Coulter, Anna Ringstrom, Krishna Chandra Eluri, Tom Hogue Organizations: Nokia, Ericsson, Markets, Reuters, 5G, CSS Insight, Thomson Locations: North America, India, Swedish
☆ Nokia warns on Q2, lowers full-year results guidance
  + stars: | 2023-07-14 | by ( ) www.reuters.com   time to read: 1 min
STOCKHOLM, July 14 (Reuters) - Finnish telecom gear group Nokia (NOKIA.HE) reported on Friday preliminary second-quarter sales of 5.7 billion euros ($6.4 billion) and a comparable operating profit margin of 11%, and lowered its full-year outlook. Analysts polled by Refinitiv had estimated sales of 6.0 billion on average. Nokia said it now saw 2023 sales of 23.2-24.6 billion euros ($26.1-$27.6 billion) against 24.6-26.2 billion previously. It narrowed its comparable operating margin range outlook to 11.5-13% from 11.5-14% previously. ($1 = 0.8906 euros)Reporting by Anna Ringstrom, editing by Louise RasmussenOur Standards: The Thomson Reuters Trust Principles.
Persons: Refinitiv, Anna Ringstrom, Louise Rasmussen Organizations: Nokia, Nokia's Network Infrastructure, Mobile Networks, Thomson Locations: STOCKHOLM, Finnish
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