Latest news with #Hotard
Yahoo
7 days ago
- Business
- Yahoo
Nokia Corporation - Managers' transactions (Hotard)
Nokia CorporationManagers' transactions4 June 2025 at 8:30 EESTNokia Corporation - Managers' transactions (Hotard)Transaction notification under Article 19 of EU Market Abuse acquisition was conducted in accordance with the co-investment based long-term incentive arrangement.____________________________________________ Person subject to the notification requirementName: Hotard, Justin Position: Chief Executive Officer Issuer: Nokia CorporationLEI: 549300A0JPRWG1KI7U06 Notification type: INITIAL NOTIFICATIONReference number: 110867/5/4____________________________________________ Transaction date: 2025-06-03Venue: NASDAQ HELSINKI LTD (XHEL)Instrument type: SHAREISIN: FI0009000681Nature of the transaction: ACQUISITION Transaction details(1): Volume: 609 274 Unit price: 4.6301 EUR Aggregated transactions(1): Volume: 609 274 Volume weighted average price: 4.6301 EUR About NokiaAt Nokia, we create technology that helps the world act a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation. With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future. Inquiries:Nokia CommunicationsPhone: +358 10 448 4900Email: Vaismaa, Global Head of External CommunicationsNokiaInvestor RelationsPhone: +358 931 580 507Email:
Yahoo
26-04-2025
- Business
- Yahoo
Why Nokia Stock Is Plummeting Today
Shares of Nokia (NYSE: NOK) are tumbling on Thursday. The company's stock lost 8.8% as of 3:20 p.m. ET and was down as much as 11.1% earlier in the day. The steep decline comes as the S&P 500 and Nasdaq Composite were up 1.7% and 2.2%, respectively. The Finnish telecom and consumer electronics company posted numbers for its first quarter of 2025, coming in well below Wall Street targets. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Nokia's earnings report shocked investors with Q1 earnings of $176.9 million, a substantial 36% miss. Analysts had expected $277.2 million. There was a one-time charge in its mobile networks division that helps explain the massive miss, but even after adjusting for the charge, the company's earnings fell short. Sales underwhelmed investors too, down 3% year over year. The report comes just as a new CEO takes the helm. Justin Hotard previously headed Intel's AI data center division and was brought on in part to help the company boost its presence in that critical area. Nokia admitted that U.S. tariffs would cause short-term disruption, estimating an impact of roughly $25 million in its Q2 profits. Much of the company's supply chain is based outside the U.S., although it does have some domestic operations. Hotard appeared confident that the tariffs wouldn't change the company's long-term prospects and that he was not interested in moving the bulk of his company's operations to the U.S. Despite the disappointing quarter, there are reasons to like Nokia stock. The company announced a multiyear extension of its partnership with T-Mobile to expand the carrier's 5G network coverage in the U.S. This will help provide steady cash flow for some time. The company has also largely reversed a negative sales trend in the U.S. That being said, I would hold off until more clarity emerges around President Trump's tariffs. Before you buy stock in Nokia Oyj, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nokia Oyj wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $566,035!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $629,519!* Now, it's worth noting Stock Advisor's total average return is 829% — a market-crushing outperformance compared to 155% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 21, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Intel. The Motley Fool recommends the following options: short May 2025 $30 calls on Intel. The Motley Fool has a disclosure policy. Why Nokia Stock Is Plummeting Today was originally published by The Motley Fool Sign in to access your portfolio
New Indian Express
24-04-2025
- Business
- New Indian Express
Nokia swings to net loss, says 'not immune' to tariffs
HELSINKI: Finnish telecoms equipment maker Nokia on Thursday reported a net loss of 60 million euros (USD 68 million) for the first quarter, citing the The company said tariffs imposed by the United States could result in "some short-term disruption" in its operations, but held its outlook of posting an annual operating profit. "We are not immune to the rapidly evolving global trade landscape," chief executive Justin Hotard said in a statement. "However based on early customer feedback, I believe our markets should prove to be relatively resilient," he added. Hotard said the company expects the current tariffs would impact second quarter comparable operating profit by 20 to 30 million euros. The company posted an operating profit of 432 million euros in the second quarter last year. US President Donald Trump implemented a tariff of 10 percent on global imports this month, but he paused plans for higher duties on dozens of countries, including a 20 percent duty for goods from EU nations. Nokia maintained its earnings guidance of an operating profit of between 1.9 and 2.4 billion euros in 2025. It posted an operating profit of 2.0 billion in 2024. First quarter sales dipped one percent from last year to 4.4 billion euros. The first quarter net loss compared to a net profit of 438 million euros last. Atte Riikola, an analyst with Finnish market research firm Inderes, told AFP that Nokia's sales aligned with expectations while earnings fell below estimates owing to a contract settlement charge with a net impact of 120 million euros. "If we consider the one time negative impact from some customer contract that was settled, then the earnings performance was in line with the expectations," Riikola said. The company said it expects its Network Infrastructure and Cloud and Network Services divisions to see sales growth this year, while Mobile Networks to hold steady. Alongside its first quarter report, it announced a contract extension with US operator T-Mobile, saying it continued "to see positive signs of stabilisation" in its Mobile Networks business. Riikola said strategic announcements from Hotard -- who took over after Pekka Lundmark as Nokia's CEO on April 1 -- about the future of Nokia were to be expected in the second quarter. "We know that Nokia is going more towards the network infrastructure business and the key growth area there is the data centres," Riikola said.
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First Post
24-04-2025
- Business
- First Post
'Not immune': Trump tariffs hits Nokia as company slips into loss
Nokia maintained its earnings guidance of an operating profit of between 1.9 and 2.4 billion euros in 2025. It posted an operating profit of 2.0 billion in 2024 read more In this file photo taken on March 4, 2025 the logo of Finnish technology company Nokia is pictured at the MWC (Mobile World Congress), the world's biggest mobile fair, in Barcelona. AFP Finnish telecoms equipment maker Nokia on Thursday reported a net loss of 60 million euros ($68 million) for the first quarter, citing the tariff wars and the 'rapidly evolving global trade landscape'. The company said tariffs imposed by the United States could result in 'some short-term disruption' in its operations, but held its outlook of posting an annual operating profit. 'We are not immune to the rapidly evolving global trade landscape,' chief executive Justin Hotard said in a statement. 'However based on early customer feedback, I believe our markets should prove to be relatively resilient,' he added. Hotard said the company expects the current tariffs would impact second quarter comparable operating profit by 20 to 30 million euros. STORY CONTINUES BELOW THIS AD The company posted an operating profit of 432 million euros in the second quarter last year. US President Donald Trump implemented a tariff of 10 percent on global imports this month, but he paused plans for higher duties on dozens of countries, including a 20 percent duty for goods from EU nations. Nokia maintained its earnings guidance of an operating profit of between 1.9 and 2.4 billion euros in 2025. It posted an operating profit of 2.0 billion in 2024. First quarter sales dipped one percent from last year to 4.4 billion euros. The first quarter net loss compared to a net profit of 438 million euros last. Atte Riikola, an analyst with Finnish market research firm Inderes, told AFP that Nokia's sales aligned with expectations while earnings fell below estimates owing to a contract settlement charge with a net impact of 120 million euros. 'If we consider the one time negative impact from some customer contract that was settled, then the earnings performance was in line with the expectations,' Riikola said. The company said it expects its Network Infrastructure and Cloud and Network Services divisions to see sales growth this year, while Mobile Networks to hold steady. STORY CONTINUES BELOW THIS AD Alongside its first quarter report, it announced a contract extension with US operator T-Mobile, saying it continued 'to see positive signs of stabilisation' in its Mobile Networks business. Riikola said strategic announcements from Hotard – who took over after Pekka Lundmark as Nokia's CEO on April 1 – about the future of Nokia were to be expected in the second quarter. 'We know that Nokia is going more towards the network infrastructure business and the key growth area there is the data centres,' Riikola said.
Free Malaysia Today
24-04-2025
- Business
- Free Malaysia Today
Nokia says it's ‘not immune' to tariff wars after net profit drops
Nokia reported net sales of €4.4 billion, down 1% compared to a year ago. (EPA Images pic) HELSINKI : Finnish telecoms equipment maker Nokia today reported a €$68 million loss in net profit for the first quarter, citing the tariff wars and 'rapidly evolving global trade landscape'. The company said tariffs imposed by the US could result in 'some short-term disruption'. 'We are not immune to the rapidly evolving global trade landscape. However based on early customer feedback, I believe our markets should prove to be relatively resilient', Justin Hotard, president and CEO of Nokia, said in a statement. 'Based on what we see today, we currently expect a €20 million to €30 million impact to our comparable operating profit in the second quarter from the current tariffs,' Hotard said. US President Donald Trump implemented a tariff of 10% on global imports this month, but he paused plans for higher duties on dozens of countries, including a 20% duty for goods from EU nations. Nokia also reported net sales of €4.4 billion, down 1% compared to a year ago. It had posted a net profit of €438 million in the first quarter of last year. The company expected growth in its network infrastructure, cloud and network services and mobile network to boost sales in 2025. Alongside its first quarterly report, it announced a contract extension with T-Mobile US today, saying it continued 'to see positive signs of stabilisation' in mobile networks.
