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Nokia's Q2 Earnings: Record-Low Revenue As 5G Investment Slows, Annual Outlook Cut, Stock Slides

By Yahoo! Finance   |   Jul 18, 2024 at 07:22 AM EST
Nokia's Q2 Earnings: Record-Low Revenue As 5G Investment Slows, Annual Outlook Cut, Stock Slides

Nokia's Q2 2024 net sales dropped by 18% to 4.47 billion euros, missing estimates. The weak telecom equipment market led to a record low in sales, prompting Nokia to revamp its network infrastructure division.

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