Nokian Tyres quarterly earnings miss estimates (updated)

Nokian Renkaat Oyj

06/02/2024 12:16

(Adds results, detail)
       HELSINKI, Feb 6 (Reuters) - Finland's Nokian Tyres
 TYRES.HE  on Tuesday posted a smaller than expected rise in
quarterly earnings and said it expects 2024 net sales and
operating profit to be significantly higher than last year but
would not give target figures.
    October-December operating profit rose to 33.1 million euros
 ($35.53 million) from a loss of 3.2 million a year ago, missing
the 41.8 million mean estimate in a company-provided poll.
        The result figures had been stripped from impact of the
company's Russia operations which were completely let go in
March 2023, the tyremaker said in a statement.
  

    ($1 = 0.9316 euros)
  

 (Reporting by Essi Lehto, editing by Terje Solsvik)
 ((essi.lehto@thomsonreuters.com; +358505412375;))