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Why Nokia Stock Surged Today

TheMotleyFool

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Shares of Nokia (NYSE: NOK) rose on Thursday after the company reported its second-quarter results. Nokia beat analyst estimates across the board and reiterated its full-year guidance, although it also pointed to a few risks that could threaten its outlook. The stock was up about 10.3% at 3:45 p.m. EDT.

Nokia reported second-quarter revenue of 5.69 billion euros, up 7.2% year over year and 290 million euros above the average analyst estimate. The networks segment, which is responsible for most of Nokia's revenue, showed solid 7% revenue growth from the prior-year period.

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