Nokia plunges on tariff warning, declining revenue

Nokia shares plunged over 9% in early trading on news that tariffs will pinch Q2 profits.

Justin Hotard, Nokia’s president and CEO, wrote:

“Regarding the tariff situation, there could be some short-term disruption. We will continue to utilize the flexibility of our global manufacturing network to minimize impact of the evolving tariff landscape. Based on what we see today, we currently expect a EUR 20 to 30 million impact to our comparable operating profit in the second quarter from the current tariffs. Given the lack of visibility, we have not taken an assumption related to tariffs in the second half of 2025.”

The Finnish telecom company reported that Q1 revenue was down 3% year over year.

Nokia did have some bright spots, including network infrastructure, which grew 11%, and its cloud and network services division, which grew 8% year over year (adjusting for currency fluctuations).

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Matt Phillips10h

ServiceNow slips despite beating Q4 earnings expectations

Cloud software giant ServiceNow delivered better-than-expected Q4 sales and earnings after the close of trading on Wednesday, though the shares slipped in after-hours trading.

The company reported:

Revenue of $3.57 billion, higher than the $3.53 billion analyst consensus estimate published by FactSet.
Adjusted earnings of $0.92 per share vs. the $0.88 analysts expected.
Subscription revenue of $3.47 billion vs. the $3.42 billion predicted.
Raised guidance for Q1 subscription revenues of between $3.65 billion and 3.655 billion, compared to the $3.58 billion FactSet consensus estimate.
Non-GAAP gross margins of 80.5%, a little light compared to the 81.1% FactSet consensus estimate.

Despite the better-than-expected results, the stock was down after-hours. ServiceNow also announced an expanded AI partnership with Anthropic, in which it will enmesh Anthropic’s Claude models more deeply into its products, alongside its financial results.

Such efforts to more closely associate itself with the AI boom have fizzled so far. ServiceNow shares have plunged 45% over the last year. And investors clearly remain skeptical after the Q4 numbers.

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Southwest climbs on stronger-than-expected 2026 earnings guidance

Southwest Airlines posted its fourth-quarter and full-year earnings after the bell on Wednesday. Its shares climbed more than 4% in after-hours trading.

The airline, one of the big four US carriers, guided for revenue per seat mile to climb “at least 9.5%” in the first quarter, and costs per seat mile to rise 3.5%. It forecast a 1% to 2% boost in capacity for Q1.

For the full year ahead, Southwest said it expects adjusted earnings of $4 per share, ahead of Wall Street estimates of $3.22.

The carrier, which flew its last open-seating flight on Tuesday, posted Q4 adjusted earnings of $0.58 per share, slightly above the $0.57 per share expected by Wall Street analysts polled by FactSet. Southwest’s passenger revenue rose 7.6% to $6.79 billion in the fourth quarter, beating estimates of $6.77 billion.

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Tesla beats on EPS and revenue, says it has invested $2 billion into xAI

Tesla reported Full Self-Driving subscription numbers and a list of cities where it says Robotaxi is expanding in the first half of 2026.

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Stocks waver as all eyes are on Big Tech earnings

The S&P 500 finished flat as investors awaited tonight’s postmarket earnings from Meta, Microsoft, and Tesla.

BISHOP'S STORTFORD, ENGLAND - JANUARY 25: Snowfall in the Essex countryside on January 25, 2021 in Bishop's Stortford, Essex, United Kingdom.

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