NOK · PEAD ↓ 100

Nokia reported Q2 2026 EPS of €0.08 on 2026-07-23, beating the €0.07 consensus by €0.01 (+14.3%); no prior-year EPS comparison is available in the current data feed.

Print-day reaction was −5.4% versus the prior close, a sharp sell-the-news flush despite the EPS beat. The overnight gap to the T+1 open extended the damage by a further −1.5%, offering no recovery signal after hours. Over the following two trading sessions the stock drifted an additional −1.9%, confirming persistent selling pressure with no mean-reversion. Cumulative abnormal return of −12.3% versus SPY.US firmly clears the PEAD short threshold; per the documented drift pattern, the read runs through 2026-10-20.