Here's Why Nokia's Stock Is Rising Today

Shares of Nokia (NYSE: NOK) were climbing today after the company reported better-than-expected results in the second quarter. Nokia's shares jumped by more than 11% during morning trading. 

As of noon EDT on Friday, Nokia's stock was up 6.3%.

Investors were pleased to see that Nokia's net profit increased by 21% in the second quarter to 311 million euros ($367 million). That figure easily beat Wall Street's consensus estimate of 138 million euros in net profit. Nokia's nondiluted earnings per share of 0.06 euros in the second quarter was up from 0.05 euros in the year-ago quarter.

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Source Fool.com