Nokia Updates Profit Guidance Due to Currency Fluctuations and Tariffs

Nokia’s shares have declined following the company’s decision to revise its profit guidance downward. The revised estimate is now between 1.6 and 2.1 billion euros.

The company’s initial forecast had predicted a higher profit range. However, the weaker US dollar and tariffs have resulted in a downward revision of the profit guidance.

Key Factors Contributing to the Revision

• Weaker US dollar
• Tariffs impacting the company’s business

Analyst Predictions

Analysts and banks are predicting a further decline in Nokia’s stock price. Some predictions include:

• A drop of up to 8% in the company’s stock price

Company Statement

The company’s decision to lower its profit guidance is attributed to the impact of currency fluctuations and tariffs on its business.