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Why Is Finnish Telecom Giant Nokia Stock Plunging Thursday?

Benzinga LogoBenzinga1d ago

Why Is Finnish Telecom Giant Nokia Stock Plunging Thursday? - Benzinga

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The company reported a huge drop in gross margins, down 820 basis points year-over-year to 42.3% on a comparable basis, driven by reduced revenues from Nokia Technologies and a 120 million euros ...

Mobile Networks also edged up 2%, offering some resilience amid broader headwinds stemming from a tough comparison with the prior year's performance in Nokia Technologies.

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Article Details

Author / Journalist: Shivani Kumaresan

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 18:49:42 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 543 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28198880

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 19 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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