US Stock Market Move | Nokia Oyj Sponsored ADR (NOK.US) surged 10%, with Q3 operating profit exceeding expectations.

On Thursday, Nokia Oyj Sponsored ADR (NOK.US) surged 10% to $6.105. On the news front, due to the growth in network infrastructure and optical networking business, Nokia Oyj Sponsored ADR's third-quarter profits in 2025 exceeded market expectations. The financial report shows that Nokia Oyj Sponsored ADR's net sales in Q3 increased by 12% year-on-year to 4.828 billion euros, better than analysts' average expectations of 4.64 billion euros. Adjusted operating profit decreased by 10% year-on-year to 435 million euros, but exceeded analysts' average expectations of 324 million euros; adjusted earnings per share were 0.06 euros, unchanged from the same period last year. Nokia Oyj Sponsored ADR CEO Justin Hoatad said that the performance growth is mainly driven by the demand from artificial intelligence and cloud service customers. It is reported that after experiencing a slump in 5G equipment sales, Nokia Oyj Sponsored ADR diversified its business by expanding into new areas such as AI and defense. The company also updated its full-year profit forecast to 17-22 billion euros, slightly above previous expectations.