Tuesday, October 23, 2012

Nokia Corporation (NOK) Lumia 920 Pre-order, Netflix, Inc.(NASDAQ:NFLX) Earnings In Focus

Although, Nokia Corporation (ADR)(NYSE:NOK) is yet to reveal the an official release date and pricing for the Lumia 920, but one can still book the smartphone for pre-order now, contract-free, for $699 from online retailer Negri electronics.

Interestingly, this Sunday Best Buy Co., Inc.(NYSE:BBY) started taking pre-order for the Lumia 920 for for $150 with a two-year contract. However, the listing appears to be desisted now without any stated reason.

Shares of NOK have shown increased selling pressure ever since it reported its earnings last week, following which the stock has fallen about 6%. Despite a better than estimated earnings, analysts didn’t raise any estimate for the company some of them believe that the company’s upcoming Lumia 920 with Windows 8 would be key driver for the company’s turnaround.

Netflix, Inc.(NASDAQ:NFLX) shares saw a huge pre-rally and the stock ended higher by 4.50% in Monday’s session.

The company is scheduled to report its third quarter-earnings Tuesday after the market close and analysts are estimating the company to add 1.43 million new customers for a total of about 25.4 million U.S. users.
In March, the company’s CEO said to be targeted 7 million U.S. customers this year. However, analysts find it tough to achaiave as the company has gathered only 2.27 million signed up in the first half of 2012. That means,  Netflix need to add another 4.73 million in the second half to make its goal to make total subscriber count to 28.7 million.

Average analysts are estimating the company to report EPS of 5 cents a share on revenue from $904.9 million, compared to a year ago profit of $1.16 a share on revenue of $821.8 million.

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