Nokia is trading 9.44% lower at $8.44 on October 22 following Q3 earnings that lowered its 2026 free-cash-flow conversion outlook. - Comparable operating profit rose 35% to €605 million. - The 2026 conversion outlook is 35%–55%; expected restructuring charges rose to €1.1 billion, and the company cited an additional €400 million working-capital investment. - Technology shares and major U.S. indices were lower; no volume figure was available.