'Big three' 5G kit maker Nokia downgrades profits as returns from next-gen networks fail to show up

'Big three' 5G kit maker Nokia downgrades profits as returns from next-gen networks fail to show up

5 years ago
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https://www.theregister.co.uk/2019/10/24/big_three_5g_kit_maker_nokia_downgrades_profits/

Nokia – one of the so-called "Big Three" 5G kitmakers – has downgraded profit forecasts for the year and cancelled dividends, saying investments in next-generation services have not yet yielded expected returns.

The company trimmed its 2019 profit outlook to earnings per share of €0.18-0.24 from a previous forecast of €0.25-0.29. It will not distribute cash to shareholders in the current fiscal, and it isn't expecting a full recovery for its earnings until 2021.

'Big three' 5G kit maker Nokia downgrades profits as returns from next-gen networks fail to show up

Oct 24, 2019, 2:34pm UTC
https://www.theregister.co.uk/2019/10/24/big_three_5g_kit_maker_nokia_downgrades_profits/ > Nokia – one of the so-called "Big Three" 5G kitmakers – has downgraded profit forecasts for the year and cancelled dividends, saying investments in next-generation services have not yet yielded expected returns. > The company trimmed its 2019 profit outlook to earnings per share of €0.18-0.24 from a previous forecast of €0.25-0.29. It will not distribute cash to shareholders in the current fiscal, and it isn't expecting a full recovery for its earnings until 2021.