NOK / Why Investors Slammed the Phone Down on Nokia This Week

For 18 months, rising interest rates were aimed at cooling the U.S. economy and curbing inflation. The economy unexpectedly expanded at an annualized more_horizontal

While the third-quarter earnings season has gotten off to an okay start, there have been a handful of ugly prints that raised eyebrows among investors more_horizontal

Nokia (NOK) posted a profit plunge of almost 70% for the latest quarter as customers took out fewer subscriptions amid a challenging economic backdrop more_horizontal

Nokia (NOK) reports lower revenues year over year in the third quarter of fiscal 2023, owing to sluggish demand trends in several verticals. more_horizontal

Finnish-based Nokia said Thursday it was reducing its workforce by up to 14,000 employees to reset its cost base and better navigate market uncertaint more_horizontal

Nokia posted a significant drop in net sales in the third quarter. Management is moving to cut costs amid a weakening macroeconomic environment. more_horizontal

Nokia (NYSE: NOK ) stock is in focus on news that the company will eliminate as many as 14,000 jobs, representing up to 16% of its total employees. Th more_horizontal

Nokia Oyj plans to cut around 16% of its workforce in a move expected to save as much as €400 million ($421 million) next year and an additional € more_horizontal