US Stocks Movement | Optical Communication Concept Stocks Declined; Nokia (NOK.US) Fell Over 9%

According to Zhitong Finance APP, on Thursday, optical communication concept stocks generally fell. Nokia (NOK.US) dropped more than 9%, Applied Optoelectronics (AAOI.US) and Coherent (COHR.US) both fell over 7%, Lumentum (LITE.US) was down nearly 7%, Credo Technology (CRDO.US), Corning (GLW.US), and Marvell Technology (MRVL.US) all dropped over 5%, and POET Technologies (POET.US) was down more than 2%. In terms of news, on October 22, Nokia released its third-quarter results. Affected by 357 million euros in restructuring and integration costs, reported operating profit fell 22% year-on-year to 196 million euros, and reported operating profit margin dropped from 5.4% to 3.8%. Diluted earnings per share were only 0.03 euros, far below market expectations of 0.10 euros.