$NOK Is Trading Higher Ahead Of Earnings Tomorrow
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$NOK Is Trading Higher Ahead Of Earnings Tomorrow
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Nokia Corporation (ADR)(NYSE:NOK) is announcing its quarterly results on Thursday and the Street will be eagerly looking for its sales numbers and what its outlook is for the future.
There has been a distinct surge in optimism among analysts regarding the company and many of them have raised earnings estimates for the quarter just ended by $0.03 a share .
In fact for the full year they are expecting the company to report a profit, compared to initial calls for a loss.
There has been some encouraging news about the company recently. Earlier this month, an AdDuplex report gave Nokia a dominant 80% market share of the global Windows 8 smartphone market. With its Lumia 920 model having become the most popular Windows 8 phone, Nokia has found a way to join the high end of the mobile market .
So the Finnish handset maker has gained a lot of ground since last year.
According to the Motley Fool, “ One thing that U.S. investors need to remember is that the competitive picture abroad is very different from what it is domestically . Apple may dominate the U.S. market, but in India, South Africa, Argentina, and several eastern European markets, Windows Phone shipments are actually higher than iPhone volumes, thanks in large part to Nokia’s strong brand loyalty both close to its Finnish roots and in other key areas. ”
These are the pockets of dominance where Nokia has to build and consolidate its market share, while at the same time ensure that it is conquering the U.S. as well.
In China, of course, the company has a masterstroke when it ted up with China Mobile to sell its Lumia 920.
Its partnership with Microsoft seems to be finally getting somewhere and there is every likelihood that earnings could fulfil market expectations .
Shares of the company are up about 1% despite broader market weakness. The stock is down about 25% since reporting its numbers last quarter.
Source: HERE
$NOK
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