Nokia Corporation (ADR)(NYSE:NOK) is set to report its quarterly results on October 18 and both analysts and investors will be eagerly looking to see what the management has to say about the future prospects of the company, especially with regard to its Lumias.
The company’s cash position will be of interest to analysts and investors as that will give an idea about the financial health of the company and whether it has sufficient monetary muscle to push the sales of its Lumias.
Containing costs will also be a key parameter to watch out for.
The company had no major new releases in the quarter just gone, apart from its normal feature phones which is seeing brisk demand in emerging markets.
The Finnish handset maker unveiled its two Lumia smartphones in early September but those phones will be up for sale only in November.
In the quarter to September, analyst estimates sales at about $9.03 billion, a fall of 28.8 percent from the year-ago period. The loss is expected to be in the region of $0.13 a share.
In the previous quarter Nokia had reported a net loss of $1.83 billion while average unit selling price was about $59. The company's cash reserves fell to $5.4 billion from $6.35 billion.
Shares of NOK jumped 5.22% to $2.82 after surging over 4% in the previous trading session.
Johnson & Johnson(NYSE:JNJ) on Tuesday reported a 7 percent fall in its net profit for the third quarter on higher research and development costs that offset higher sales.
Net income for the quarter was $2.97 billion, or $1.05 per share. That's down from $3.2 billion, or $1.15 per share, in 2011's third quarter.
Excluding one-time charges, earnings were $3.5 billion, or $1.25 per share. Revenue rose 6.5 percent to $17.05 billion.
The results beat Wall Street expectations for $1.21 per share on revenue of $17.01 billion.
J&J raised its full-year profit forecast and now expects earnings per share of $5.05 to $5.10.
J&J's stock rose 95 cents to $69.55 in Tuesday’s trading.