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Friday, 09/14/2012 6:30:44 AM

Friday, September 14, 2012 6:30:44 AM

Post# of 6881
NOK profit warning is coming again (Bernstein)

"Nokia still has problems and may well announce a profit warning or at least missed expectations for the third quarter" says Analysis House Bernstein, writes Dow Jones Newswires.

(Bernstein: Nokia's problems are far from over, even though the new Lumia 920 - and 820-Lumia phones releases help to create faith in the company's Windows-to its success. Nokia has been forced to cut according to Bernstein's earlier Lumia models, such as the Lumia 610's price in order to sell them. This in turn is eroding profitability and possibly that Nokia maintain their goals in July-September.)

Nokia will publish its third quarter results on 18 October 2012.

NOK now has 23 sell recommendations, 15 hold and 10 buy (Bloomberg)
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