US Stock Market Move | Nokia Oyj Sponsored ADR (NOK.US) rose more than 7%, with first-quarter operating profit exceeding expectations.
On Monday, Nokia (NOK.US) rose more than 7%, closing at $11.22.
On Monday, Nokia Oyj Sponsored ADR(NOK.US) rose more than 7% to $11.22. The financial report shows that Nokia Oyj Sponsored ADR had a net sales of 4.5 billion euros in the first quarter, a 3% year-on-year increase, slightly below analysts' general expectation of 4.6 billion euros. However, the profit performance exceeded expectations, with an adjusted operating profit of 2.81 billion euros for the quarter, higher than the analysts' average expectation of 2.44 billion euros. Among them, the network infrastructure department covering AI data center connectivity business saw a 12% year-on-year growth in sales in the first quarter, reaching 18.29 billion euros, becoming a key driver behind the overall growth of Nokia Oyj Sponsored ADR.
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