Nokia Q1 Profit Surges 9% Share Jump

Nokia posted Q1 net profit €87 million, reversing a €60 million loss year‑on‑year, driving shares up >9%.
Comparable net sales rose 4% to €4.5 billion; operating profit jumped 54% to €281 million, margin 6.2% beating consensus.
AI and cloud revenue surged 49% to 8% of sales, with €1 billion of AI orders, prompting higher TAM forecasts.
Guidance: FY operating profit €2.0‑2.5 billion maintained; Q2 revenue up 5‑9% QoQ, profit guidance ~20% below consensus.