On August 4, Nokia Oyj rose 3.01% in regular trading, trading at $9.4037/share, with turnover of $414 million. The rally was driven by S&P upgrading the company's credit outlook from \"stable\" to \"positive\" while confirming its \"BBB-\" rating, citing business diversification and stable cash flow.

The rating action follows Nokia's strong Q2 earnings reported on July 23, where comparable operating profit surged 18% year-over-year to EUR 434 million, significantly exceeding the market consensus estimate of EUR 382 million. Adjusted EPS came in at $0.08, beating the $0.07 analyst estimate by over 14%. Quarterly net sales rose to EUR 4.82 billion from EUR 4.44 billion a year earlier. The company's AI and cloud business posted order intake of EUR 2.8 billion with sales more than doubling year-over-year. Nokia also raised its full-year comparable operating profit guidance to EUR 2.1-2.6 billion, up from the prior EUR 2.0-2.5 billion range, and guided Q3 net sales growth of 3% to 7% quarter-over-quarter.

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