Movement Alert|Nokia Oyj Rises 6.7% in Regular Trading, S&P Upgrades Outlook to Positive Amid Q2 Earnings Beat

Market Focus08-04 21:36

On August 4, Nokia Oyj rose 6.7% in regular trading, trading at $10.055/share, with turnover of $224 million. The rally was driven by a dual catalyst of S&P upgrading the company's credit outlook and strong Q2 financial results.

S&P recently upgraded Nokia's credit outlook from \"stable\" to \"positive,\" confirming its \"BBB-\" rating, citing business diversification and stable cash flow. Meanwhile, Q2 comparable operating profit surged 18% year-over-year to EUR 434 million, significantly exceeding market consensus of EUR 382 million. AI and cloud business orders reached EUR 2.8 billion, with sales more than doubling year-over-year. Management raised full-year adjusted operating profit guidance to EUR 2.1-2.6 billion, signaling confidence in AI-related demand. The options market also reflected bullish sentiment, with a Call/Put volume ratio of 2.63, though some defensive put positions indicated cautious optimism.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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