BUZZ-Nokia drops to bottom of STOXX after Q1 miss, tariffs impact

Reuters
04-24
BUZZ-Nokia drops to bottom of STOXX after Q1 miss, tariffs impact

** Shares in Nokia NOKIA.HE fall 6% after the Finnish telecom posted Q1 profit well below market expectations, flagged a short-term disruption from U.S. tariffs

** Q1 comparable operating profit came in at EUR 156 million ($177.22 million), missing the EUR 243.83 million euros seen by analysts in an LSEG poll

** The group expects a EUR 20 to 30 million impact to its comparable operating profit in Q2 from the current tariffs

** J.P.Morgan says the results were overall below market expectations, adding that the positive news on the T-Mobile contract is to be offset by the weaker than expected earnings in Q1

** The stocks is among the worst performers on STOXX 600 index .STOXX

($1 = 0.8803 euros)

(Reporting by Jagoda Darlak)

((Jagoda.Darlak@thomsonreuters.com; +48 58 769 65 40;))

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