Nokia Expects To Miss 2023 Outlook Due To Prolonged Licensing Renewal Talks Into 2024
From Nasdaq, Inc.:
Nokia (NOK) will not meet its 2023 financial outlook due to ongoing licensing renewal discussions, expected to continue into 2024. The company will report its Q4 and full year results on January 25, 2024. Net sales for Nokia’s networks businesses in Q4 2023 are expected to show significant improvement, with profitability remaining solid. No preliminary financial results were provided by Nokia.
Read more: Nokia Expects To Miss 2023 Outlook Due To Prolonged Licensing Renewal Talks Into 2024