Nokia Starts to See Green Shoots Despite Continuing Challenges
By Dominic Chopping
Nokia expects the challenging network industry environment to continue through the first half of 2024 as operator spending remains muted, but the situation should improve later in the year, it said.
The Finnish telecommunications company said it is now starting to see some "green shoots on the horizon," with improving order intake in its network infrastructure business.
Top-line challenges for the mobile networks unit will remain in 2024, but the company's gross margin should improve thanks to cost savings in the second half, Nokia said Thursday.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
January 25, 2024 01:43 ET (06:43 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
For Bond Investors, Delayed Rate Cuts Demand a Different Playbook
-
What’s Happening In the Markets This Week
-
How the Tokyo Stock Exchange Is Pushing for Better Shareholder Returns
-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Where We See Opportunities After an Ugly Month for Stocks
-
After Earnings, Is Alphabet Stock a Buy, a Sell, or Fairly Valued?
-
When Will the Fed Start Cutting Interest Rates?
-
What’s the Difference Between the CPI and PCE Indexes?
-
Berkshire Hathaway Earnings: Strong Insurance Results Continue to Lift Revenue and Profitability
-
10 Questions for Berkshire Hathaway’s 2024 Annual Meeting
-
After Earnings, Is Ford Stock a Buy, a Sell, or Fairly Valued?
-
3 Dividend Stocks for May 2024
-
Amgen Earnings: Obesity Drug Update Is Highly Encouraging
-
What’s Going on With Apple, Tesla, and Alphabet?
-
Apple Earnings: A Weak 2024, but Optimism for 2025
-
4 Utility Stocks to Play the AI Data Center Boom