Nokia (NOK) Tops Q2 EPS by 1c; offers outlook

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Nokia shares slide as Q2 operating profit dips 32%, expects better 2H

July 18, 2024 4:36 AM EDT

(Updated - July 18, 2024 4:44 AM EDT)

Nokia (NYSE: NOK) shares dropped sharply on Thursday after the company posted a substantial decline in operating profit and missed revenue expectations in Q2.

The telecom equipment maker reported Q2 earnings per share (EPS) of EUR 0.06, exceeding analyst expectations of EUR 0.01. However, revenue for the quarter was EUR 4.47 billion, falling... More