On July 27, Nokia Oyj rose 3.41% in pre-market trading, trading at $9.41/share, with turnover of $7.36 million. The move signals a potential stabilization after the stock experienced a cumulative pullback of over 10% following its Q2 earnings release on July 23.

Nokia reported Q2 adjusted comparable operating profit of EUR 4.34 billion, up 18% year-over-year, significantly beating the market consensus of EUR 3.82 billion. AI and cloud business order intake reached EUR 2.8 billion, with sales more than doubling year-over-year. The company raised its full-year comparable operating profit guidance to a range of EUR 2.1 billion to EUR 2.6 billion. Despite the strong results, the stock initially surged 6%-8% on the earnings day before reversing sharply, falling from approximately $10.28 to around $9.30 over two sessions as investors locked in profits. The CEO also noted that chip supply constraints are extending order delivery timelines. The current pre-market rebound suggests short-term selling pressure has eased as the stock finds support near post-pullback levels.

(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.)