Nokia Expects FY23 Net Sales Of €23.2B-€24.6B (Prior View €24.6B-€26.2B); Sees Comparable Operating Margin Of 11.5-13.0% (Prior 11.5%-14%)
Portfolio Pulse from Benzinga Newsdesk
Nokia has revised its FY23 net sales forecast to €23.2B-€24.6B, down from the previous estimate of €24.6B-€26.2B. The company also expects a comparable operating margin of 11.5-13.0%, slightly lower than the prior 11.5%-14%.
July 20, 2023 | 5:59 am
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Nokia's revised FY23 net sales and operating margin forecasts are lower than previously estimated, which could negatively impact investor sentiment and the company's stock price in the short term.
Nokia's downward revision of its FY23 net sales and operating margin forecasts indicates potential challenges in the company's performance. This could lead to negative investor sentiment, potentially driving down the company's stock price in the short term.
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