Tire maker Nokian's first-quarter profit misses forecasts [Reuters]
NOKIAN TYRES PLC UNSP/ADR (NKRKY)
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Source: Reuters
Tire maker Nokian's first-quarter profit misses forecasts - Reuters 1 Min Read HELSINKI (Reuters) - Finnish tire maker Nokian Tyres on Wednesday reported a 12 percent fall in first-quarter operating profit to 53.9 million euros ($60.4 million), which missed analysts’ average forecasts, citing unfavorable currency exchange. Analysts in a Reuters poll had expected a profit of 59.9 million euros, with estimates ranging from 50 million to 64 million. Nokian, which has a large plant in Russia and a smaller one in Finland, said changes in currency exchange rates cost it 5 million euros in the quarter. Reporting by Anne Kauranen and Tarmo Virki; editing by Jason Neely and Jane Merriman All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Tire maker Nokian's first-quarter profit misses forecasts HELSINKI (Reuters) - Finnish tire maker Nokian Tyres on Wednesday reported a 12 percent fall in first-quarte
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