Nokia Corp. (NYSE:NOK) stock experienced downward pressure on Tuesday. Nasdaq futures are down 1.24% while S&P 500 futures have shed 0.01%.
Tuesday serves as the ex-dividend date for Nokia’s 4 euro cents, or approximately 5 cents, quarterly dividend payout. Stock prices automatically adjust downward on the ex-dividend date to reflect the dividend amount leaving the company’s books.
The movement also reflects profit-taking and lingering caution following Nokia’s July 23 earnings call, where the company beat Wall Street expectations.
Q2 Performance And AI Growth
Nokia’s second-quarter revenue rose 8% year-over-year to 4.82 billion euros, while adjusted earnings of 8 cents per share topped Wall Street estimates on robust AI data center demand.
