1230 GMT - Nokia's contract renewal with T-Mobile US is good news for the Finnish maker of telecommunication equipment, but is overshadowed by weaker-than-expected earnings for the first quarter, JPMorgan analysts say in a note. The T-Mobile US deal renewal comes after market rumors about the potential loss of this customer and should be well received by investors, JPM says. Nevertheless, the results were below market expectations overall, with a soft start to the year and a one-off charge hurting profit, JPM says. Shares fall 7.8%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
April 24, 2025 08:30 ET (12:30 GMT)
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