Nokia Corporation (NYSE:NOK) shares surged approximately 10% on both the U.S. (NYSE) and Helsinki (HEL) stock exchanges, following an earnings beat for the third quarter of fiscal year 2025.

Details

The company reported net sales growth of 12% year-on-year (Y/Y) to 4.82 billion euros ($5.65 billion), beating the analyst consensus estimate of $5.38 billion. 

The growth was mainly led by strong growth in the Optical Networks segment (+19% Y/Y).

Also Read: Nokia Strengthens Vodafone, Vodacom Alliance To Power Energy-Efficient 5G Networks

Comparable EPS came in at 6 euro cents (7 cents per share in dollars), compared to the analyst consensus estimate of 6 cents in dollars.

The comparable net income was 324 million euros, down 9% Y/Y, due to lower comparable operating profit (-10% Y/Y) and higher income tax expense.

Segment Performance

Network Infrastructure sales increased by 28% Y/Y, reflecting solid growth across all business divisions and contributions from the Infinera acquisition.

Cloud and Network Services sales increased by 8% Y/Y, driven by strength in ...