Nokia Oyj shares fell after the Finnish maker of 5G gear cut its profit guidance, citing a weaker US dollar and tariffs.
Nokia now expects operating profit for the year to be €1.6 billion ($1.9 billion) to €2.1 billion, according to a company statement issued late Tuesday. That’s down from its January guidance when it projected as much as €2.4 billion.
The guidance cut underscores how the Trump administration’s trade wars have rippled across supply chains and upended the economics of virtually every industry. For network-equipment makers the trade turmoil is compounding an already difficult market, with Nokia and rival ...
