The Finnish telecommunications company said it was now tracking within the bottom half of its comparable operating profit guidance of $2.50 billion-$3.15 billion this year.

Nokia Oyj sales failed to meet analysts’ estimates in the third quarter, as a recovery takes shape slower than previously expected.

Helsinki: Finnish telecoms equipment maker nokia on Thursday reported a 32-percent rise in net profit for the third quarter but sales dropped due to a slowdown in India. Nokia announced sales of 4.3 billion euros ($4.7 billion), down eight percent compared to a year ago and lower than forecast by analysts surveyed by Bloomberg.

Nokia (HE:NOKIA) shares dropped after the company reported third-quarter 2024 earnings that missed analysts' sales expectations by 9%. At 3:56 am (0756 GMT), Nokia was trading 4.4% lower at €3.868. The telecom giant's sales fell

Nokia Oyj sales failed to meet analysts’ estimates in the third quarter, largely due to declining revenue from India after that country ended a major mobile network expansion last year.