Nokia Shares Jump Tuesday After Earnings Beat: What's Behind the Move?
AI Market Summary
Nokia's quarterly results beat expectations, with net sales up 8% year over year to €4.82B and adjusted EPS of €0.08 versus €0.07 expected. Strength was concentrated in Network Infrastructure, led by optical networking (+19%) and IP networks (+15%), alongside modest mobile infrastructure growth (+6%). The rebound supports the stock's medium-term technical setup, with price holding above the 200-day moving average despite remaining below shorter-term averages.
Impact level
● Medium
Affected assets
NCSKNOK2USD/USDT+5.32%
AI Insight · NCSKNOK2USD/USDTAI Insight
▲ Bullish
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Nokia reported quarterly results showing net sales of €4.82 billion, up 8% year over year and slightly ahead of market expectations. Adjusted earnings came in at 8 cents per share, topping the 7-cent consensus.
The upside was driven by Network Infrastructure. Optical Networks revenue rose 19%, IP Networks advanced 15%, and Mobile Infrastructure sales increased 6%.
On the chart, the stock remains below its 20-day and 50-day moving averages in the near term, but it is holding above the 200-day moving average, suggesting the longer-term trend remains intact.
