Nokia Stock Plummets 8% as Quarterly Net Sales Hit Lowest Since 2015

Thursday, 18 July 2024, 08:52

Nokia's shares slumped by 8% following the announcement of its lowest quarterly net sales figures since 2015. The Finnish telecom company reported a significant decline in sales and operating profit for the second quarter. This sharp downturn in performance has sparked concerns among investors and analysts about Nokia's market standing and future prospects.
Cnbc
Nokia Stock Plummets 8% as Quarterly Net Sales Hit Lowest Since 2015

Nokia Stock Plummets 8%

Nokia shares took a major hit, sliding by 8% in response to the latest financial report. The market reacted swiftly to the news of the company's struggling performance.

Record-Low Quarterly Sales

Nokia recorded its lowest quarterly net sales figure since 2015, intensifying worries among investors about its long-term viability in the telecom sector.

  • Steep Drop in Sales and Profit
  • Concerns Over Future Prospects

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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