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Nokia Stock Crushed After Cutting Profit Outlook. The New CEO May Be Clearing the Decks. – Barron’s

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Telecom-equipment maker Nokia reported a third-quarter profit that didnt set off any alarm bells.But its stock slumped on Thursday, falling as much as 18% in Helsinki, as
Nokia
cut its 2020 profit view and guided toward a 2021 outlook worse than analysts expected.Nokia reported its earnings per share, on an adjusted basis, were steady in the third quarter as revenue fell 7%. The earnings were in line with the FactSet-compiled analyst forecasts, and sales were a little light.
Looking ahead. But…

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