Nokia shares rise after Q3 earnings beat and AI‑RAN partnership upgrade
Nokia reported third‑quarter adjusted earnings of $0.10 per share, beating the $0.08 consensus, and revenue of $5.84 billion, up 9.7% year‑over‑year. Finnish analyst IndeRes upgraded the stock to Reduce and lifted its price target to €7. The company guided Q4 net sales to grow 20%–24% quarter‑over‑quarter and highlighted its AI‑RAN collaboration with Nvidia and multiple global operators.
Why it matters
The earnings beat and higher guidance suggest stronger near‑term revenue growth, which could support the stock’s recent rally. Analysts at Rosenblatt and JPMorgan kept buy ratings despite a post‑earnings sell‑off, indicating they view the results as a buying opportunity.
Key facts
- 1Adjusted EPS was $0.10 versus a consensus of $0.08. investing.com
- 2Revenue was $5.84 billion, a 9.7% year‑over‑year increase. investing.com
- 3IndeRes upgraded Nokia from Sell to Reduce and raised its price target to €7 from €6.5. investing.com
- 4Management guided Q4 net sales to rise 20%–24% quarter‑over‑quarter. investing.com
- 5Nokia and Nvidia announced AI‑RAN deployments with about 20 telecom operators, including T‑Mobile, BT, Deutsche Telekom and Orange. investing.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.