Nokia Corporation (ADR) (NYSE:NOK) Confident About Its Earnings at Mobile Phone Division - SONS, INFN, MSI

Pompano Beach, FL -- (SBWIRE) -- 01/10/2013 -- Nokia Corporation (ADR) (NYSE:NOK), the Finnish mobile-phone manufacturer seeking to recover dropping sales, announced that Q4 profitability for its handset business went beyond its prediction, assisted by improving demand and cost declines. The stock increased.

Is NOK a Solid Investment at These Levels? Read This Report For Details

Espoo, Finland-based Nokia stated recently in a statement that operating profit at its handset unit, exclusive of some items, was at a break-even mark or as much as 2% of sales. In October, the firm anticipated an operating loss for the unit of as much as 10% of sales.

Successful earnings point that Nokia is finding buyers for its most recent devices such as the Lumia smartphone and that Chief Executive Officer Stephen Elop’s cost trims are working.

At the current trading session, Nokia Corporation (ADR) (NYSE:NOK) shares are up +18.13% to $4.43 while the stocks are trading within the range of $4.24 – $4.49. In the past year, the stock has traded within a range of $1.63 – $5.87. Average daily trading volume is 59.74 million shares.

Will NOK Continue To Move Higher? Find Out Here

If we look at a few other stocks within industry, Sonus Networks, Inc., Infinera Corp. and Motorola Solutions Inc were in the gainers list. Let’s have a quick look on their Market performance.

Sonus Networks, Inc. (NASDAQ:SONS) shares are up +3.15% to $2.29 while the stock is trading within the range of $2.22 – $2.30 in the current trading session. In the last 12 months the shares have traded between $1.36 and $3.11. The average daily trading volume is 1.94 million shares.

For How Long SONS will Fight for Profitability? Read This Trend Analysis report

Infinera Corp. (NASDAQ:INFN) shares in the current session moved up +0.92% reaching $6.57. The stocks are trading in a range of $6.46 – $6.63. In the last year the stock has moved within a range of $4.32 – $8.90. The Company’s average daily trading volume is 806,354 shares.

For How Long INFN’s Gloss will Attract Investors? Find out via this report

Another rival company, Motorola Solutions Inc (NYSE:MSI), is trading up +0.76% to $56.68. Intraday trading recorded the stock price in a range of $56.25 to $56.72. In the previous 52 weeks the stock’s price ranged between $44.18 and $56.85. Their average daily trading volume is 1.56 million shares.

What was the Moving Force behind MSI On Bullish Run? Read This Research Report

About TopStockPlays
The TopStockPlays.com expert team is highly experienced in picking the low-priced shares with the biggest profit potential. We uncover the hidden gems in the stock market-shares that can break out for gains of 300%, 400%, even 500% within a few weeks.

Disclaimer
PLEASE NOTE WELL: The TopStockPlays.com employees are not registered as an Investment Adviser in any jurisdiction whatsoever. Please do your research or consults your financial adviser before making any Investment decision. TopStockPlays.com or its employees will not be responsible for any loss or losses.