1214 GMT - Nokia missed expectations for the first quarter on both the top line and profitability, and consensus estimates for 2025 could go down, Barclays's Simon Coles and Rohan Bahl say in a research note. The Finnish maker of telecommunication equipment confirmed its full-year profit guidance, but said the top end of its range might be harder to achieve due to a contract-settlement charge it booked in the first quarter. Even adjusting for the 120 million euro charge, Nokia's results were weaker than expected, Barclays says. Consensus expectations could fall by a low-single-digit amount, the analysts add. Shares fall 8.3%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
April 24, 2025 08:14 ET (12:14 GMT)
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