Nokia sees more tough trading ahead after network earnings miss forecasts

Nokia sees more tough trading ahead after network earnings miss forecasts

7 years ago
Anonymous $ZOEEBQ1zf0

https://www.cnbc.com/2017/10/26/nokia-q3-earnings.html

Nokia reported a sharp drop in quarterly earnings from its telecom network gear business, warning the market had turned more challenging due to tough competition in China and consolidation among wireless carriers.

Shares in the Finnish company dropped more than 11 percent by 0739 GMT as it forecast that the market, where it competes with China's Huawei and Sweden's Ericsson, would fall for a third straight year in 2018.

Nokia sees more tough trading ahead after network earnings miss forecasts

Oct 26, 2017, 9:20am UTC
https://www.cnbc.com/2017/10/26/nokia-q3-earnings.html >Nokia reported a sharp drop in quarterly earnings from its telecom network gear business, warning the market had turned more challenging due to tough competition in China and consolidation among wireless carriers. >Shares in the Finnish company dropped more than 11 percent by 0739 GMT as it forecast that the market, where it competes with China's Huawei and Sweden's Ericsson, would fall for a third straight year in 2018.