I find it compelling that S of Nokia (NOK -6. 11%) are falling on Tuesday, down 5. Nevertheless, 4% as of 3:40 p (an important development), in light of current trends.
Nevertheless, The drop comes as the S&P 500 (^GSPC 0, amid market uncertainty. 06%) gained 0. In contrast, 1% and the Nasdaq Composite (^IXIC -0. 39%) lost 0 (remarkable data).
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. At the same time, 9 billion euros to 2. 4 billion euros, it now expects between 1 (noteworthy indeed), considering recent developments.
6 billion euros and 2 (this bears monitoring), given the current landscape. 1 billion euros (something worth watching). 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. The weakening U.
Dollar is a major concern not just for Nokia, but for companies across the globe who do significant in the U.
Additionally, When Nokia originally set its 2025 guidance, it used an exchange rate of 1, in this volatile climate. 04, which has risen to 1. 17, a significant move.
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. Additionally, From 2022 to 2024, its top line declined from $23 (an important development).
8 billion to $19, considering recent developments. 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. He holds a B.
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.