Why Nokia Stock Is Plummeting Today

Shares of Nokia (NYSE: NOK) are tumbling on Thursday. The company's stock lost 8.8% as of 3:20 p.m. ET and was down as much as 11.1% earlier in the day. The steep decline comes as the S&P 500 and Nasdaq Composite were up 1.7% and 2.2%, respectively.The Finnish telecom and consumer electronics company posted numbers for its first quarter of 2025, coming in well below Wall Street targets.Nokia's earnings report shocked investors with Q1 earnings of $176.9 million, a substantial 36% miss. Analysts had expected $277.2 million. There was a one-time charge in its mobile networks division that helps explain the massive miss, but even after adjusting for the charge, the company's earnings fell short. Sales underwhelmed investors too, down 3% year over year. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool