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Nokia reported first-quarter profit well below market expectations on Thursday, and flagged a short-term disruption from U.S. tariffs with an estimated impact of between 20 million and 30 million euros to its second-quarter profit.
Comparable operating profit fell to 156 million euros ($176.9 million) in the first quarter of 2025, a 36% miss against the average forecast of 243.83 million euros by analysts surveyed by LSEG.
Nokia’s sales in North America have been growing steadily despite losing market share to Nordic rival Ericsson, reflecting a…
