Nokia Corp. (NOK) slashed its outlook for the devices & services unit for the first quarter of fiscal 2012, saying Wednesday that the unit will now report an operating loss.
Nokia gapped open sharply lower Wednesday, but traded in a range throughout the session. The stock closed down by 0.79 at $4.24 on the highest volume in 10 months. Nokia plunged beneath support and finished at a new low for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.