Nokia Stock Skyrockets on 5G Contract Wins and Earnings Beat – Can the Rally Last?
Nokia shares jumped over 10% to $6.10 in New York and 8% to €5.20 in Helsinki on Oct. 23 after Q3 results beat forecasts, adding $3.5 billion in market value. Operating profit reached €435 million on €4.83 billion revenue, both above estimates. The company raised its full-year profit outlook and cited strong demand in optical networks and cloud services.