Nokia Oyj (ADR) NOK shares are trading higher by $0.27 (4.9 percent) at $5.63 in Thursday's session.

Investors seem to be satisfied with its Q1 report that revealed Q1 EPS of €0.03 that was flat year-over-year, and adjusted sales €5.4B vs. €5.6B last year.

Nokia's higher opening tick of $5.70 stands as the high for the session. The retreat from that high has found support ahead of the top of Wednesday's range ($5.44) at $5.59.

The stock is attempting to post its highest close since October 6, when it ended that session at $5.54.