By Ben GlickmanNokia said it expects to miss its 2023 financial outlook because license-renewal discussions may continue into 2024. Nokia specifically expects not to achieve financial guidance for net sales, comparable operating margin and free cash flow. The company said it could not provide preliminary financial results because the reporting period has not ended. Nokia said quarter-to-date results indicated a "significant improvement" sequentially in net sales, though results are still under pressure from spending constraints and customer purchasing decisions. The company said earlier this month that challenging market conditions in its mobile networks business were prompting reduced operating margin guidance.

Source: Wall Street Journal December 30, 2023 10:59 UTC