Nokia Corp. (NOK) stock soars during pre-market trading. Here’s the update


Nokia Corp. (NASDAQ: NOK) stock plunged by 1.83% at last close whereas the NOK stock-price gains by 8.94% in the pre-market trading session. Nokia develops technology that enables people all around the world to work together. They are devoted to innovation and technological leadership across mobile, fixed, and cloud networks as a trusted partner for essential networks.

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Current Development

Nokia updated its financial outlook for the full year of 2021 today. Nokia’s business kept growing in the second quarter, resulting in higher full-year projections. Nokia plans to raise its previous forecast ranges for 2021. On July 29, 2021, Nokia aims to release comprehensive information on its second quarter and half-year financial performance, as well as revised full-year 2021 guidance.

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Pekka Lundmark, Nokia President and CEO stated,

They are on track to accomplish their three-phased plan for long-term, profitable growth and technological leadership, which they put out at their Capital Markets Day in March. The first-half results demonstrated this with strong cost management and the advantage of strength in a number of their end markets. They foresee significant challenges in the second half, as they have previously stated, but their first-half performance offers a strong platform for the whole year.

On Thursday, July 29, 2021, NOK will disclose its second quarter and half-year financial results for the year 2021. On July 29, 2021, Nokia will have a conference call with analysts and investors to review its second-quarter results and business prospects.

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