Nokia shares are trading lower in sympathy with Ericsson, which reported a Q3 revenue miss.
Portfolio Pulse from Benzinga Newsdesk
Nokia shares are trading lower in sympathy with Ericsson, which reported a Q3 revenue miss.
October 17, 2023 | 11:15 am
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NEGATIVE IMPACT
Nokia's stock price is trading lower due to Ericsson's Q3 revenue miss.
Nokia's stock price is trading lower as investors react to Ericsson's Q3 revenue miss. As a competitor in the same industry, Ericsson's performance can be seen as an indicator of the overall health of the sector, which can impact Nokia's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100