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Wall Street Journal

Nokia Expects Improvement in Second Half After Taking Hit From Weak Dollar

Nokia NOKIA -7.57%decrease; red down pointing triangle expects a stronger second half performance after earnings were hit by a weaker U.S. dollar in the three months through June. Ahead of Thursday's report, the Finnish telecom-equipment provider prereleased second-quarter results that missed expectations, and cut full-year guidance as a 230 million-euro ($270.8 million) currency impact and a 50 million to 80 million-euro hit from tariffs weighed on profit.