It's been a rough week for Nokia (NYSE:NOK) investors following a very disappointing set of results for the company's second-quarter earnings report. After a strong start to 2025, circumstances started to unravel earlier this month. With the poor financial performance baked into the security, NOK stock finds itself down about 3% for the year. Still, for the bargain-hunting types, Nokia could be an intriguing contrarian prospect.
To be sure, there's no sugarcoating the bad news. On Tuesday prior to the earnings release, Nokia announced that it would cut its full-year 2025 operating profit outlook due to currency headwinds and tariff impacts. Specifically, management lowered its comparable operating profit guidance range to between 1.6 billion euros and 2.1 billion euros, down from the previous range of 1.9 billion euros to 2.4 billion euros.
