Pompano Beach, FL -- (SBWIRE) -- 01/10/2013 -- On Thursday, Finnish cellular giant Nokia Corp. (NYSE:NOK) reported share increase sales of its latest Lumia smartphones have added to higher-than-predicted fourth-quarter earnings, surging its stock up sharply and producing a sliver of optimism about a possible reversal of the company's fortunes following six consecutive quarterly shortfalls.
Nokia delivered 4.4 million Lumia products in the fourth quarter of last year, carrying its overall smartphone deliveries to 6.6 million devices, the initial hike in smartphone delivery amounts in a year.
What was Nokia stock reaction after this move? Find in this report
Shares ok Finnish cellular giant Nokia Corp. (NYSE:NOK) were trading higher 19.60% on 11:59 AM EST after the optimistic news.
Nokia (NOK) is about to release its fourth-quarter earnings on Jan. 24, and the firm reported that it got primary profitability in the phase.
Chesapeake Energy (NYSE: CHK) is feeling some pressure on Thursday after news from major shale gas associate, Total S.A. (NYSE: TOT).
What did Total say about Chesapeake Energy that shivered the company? Click here to get answers
As per reported by Total CEO Christophe de Margerie, the energy tycoon has decelerated investments in Texas shale gas projects because of prices declining lower than the cost of production. The firm would carry on investing in other shale projects, which are normally more condensate-rich and lucrative.
Stock of natural-gas producer Chesapeake Energy Corp. (CHK) reported the sharp declines amid energy stocks on the S&P 500. The stock moved down 2.5%. Experts at SunTrust Robinson Humphrey lowered their ratings on the firm to neutral from buy.
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