Why Nokia Stock Is Sinking Today

Nokia, the telecom company and once cell-phone giant, announced today that it has revised its guidance ahead of its upcoming earnings release

Nokia's fit warns of currency and tariff impacts The Finnish company announced today that it has revised its comparable operating fit guidance for the full year downward, given current economic conditions

While it had been jecting fits of between 1

Nokia cited currency fluctuations and a weakening U

Dollar as the primary reason for its revision (quite telling)

This analysis suggests that also cited impacts from President Trump's tariffs and those imposed in response by the E

Dollar is a major concern not just for Nokia, but for companies across the globe who do significant in the U

Image source: Getty Images (noteworthy indeed)

The company is struggling The external pressures of currency movements and tariffs are not helping the already struggling company (this bears monitoring)

Nokia's revenues have fallen significantly over the past few years

I would avoid this stock at the moment

Additionally, While it could reverse these trends, it's unly to do so in the near future, given macro pressures and the fact the stock could fall significantly, in this volatile climate

Nevertheless, At the same time, The Author Johnny Rice is a contributing Motley Fool Analyst

Prior to The Motley Fool, Johnny contributed to various financial publications

From the University of San Diego and an MFA from A, amid market uncertainty

Fun fact: Johnny is also an actor and filmmaker

TMFJohnnyRice Johnny Rice has no position in any of the stocks mentioned

Additionally, The Motley Fool has no position in any of the stocks mentioned

The data indicates that Motley Fool has a disclosure policy, in light of current trends.