Shares of Nokia Corp. were losing around 4 percent in the morning trading in Helsinki as well as around 3 percent in pre-market activity on the NYSE after the Finnish telecom major reported Thursday a sharp drop in its third-quarter profit and revenues amid ongoing macroeconomic challenges.
Further, the company maintained its fiscal 2023 outlook, but towards the lower end of net sales range. The company also maintained its long-term comparable operating margin target of at least 14 percent to be delivered by 2026.
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