News Review: Nokia Corporation (ADR) (NYSE:NOK), Foster Wheeler AG (NASDAQ:FWLT)

Lakeway, NY -- (SBWIRE) -- 03/01/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

UK retailer Clove shares the availability and pricing of Nokia Corporation (ADR) (NYSE:NOK)’s Lumia 720 and Lumia 520.

Get Latest News, Updates on NOK Here

Nokia Lumia 720 is expected to be available starting April 1, 2013 and would initially be available only in black colour option listed at 299.99 Pounds (including all taxes and VAT).

Nokia Lumia 720 sports a 4.3-inch display protected by Gorilla Glass 2. Internally, the smartphone packs in Qualcomm Snapdragon S4 chipset with a 1GHz dual-core processor and comes with 512MB of RAM and 2,000mAh battery.

SIM-free Nokia Lumia 520 has been listed on Clove for 170 Pounds expected to be available starting April 1 in UK, with colour options of black and white.

This smartphone comes with 4-inch super sensitive touchscreen with a display resolution of 480x800 pixels with dual-core 1GHz Snapdragon processor with 512 MB of RAM.

The internal storage available on the device is 8GB and can be expanded by another 64GB via microSD card. There is a 1,430mAh battery and has a 5-megapixel autofocus rear camera. Camera features include Smart Shoot, CinemaGraph and more.

The shares of Foster Wheeler AG (NASDAQ:FWLT) tumbled by $4.10 or 17% to $19.96 in the morning session after it posted an 84% downfall in its fourth quarter net income.

Is FWLT a Strong Buying Opportunity After The Recent Gain? Find out Here

For the last quarter Foster Wheeler AG earned $6.3 million, or 6 cents per share. That compares with $39.2 million, or 34 cents per share, a year ago.

Removing the impact of the asbestos-related provision, earnings were 27 cents per share but included an impairment charge of 11 cents per share. Taking this out as well, earnings for the current quarter were 38 cents per share.

FactSet analyst expected earnings of 44 cents per share.

Revenue fell to $735.3 million from $1.13 billion. Wall Street predicted $979.4 million in revenue.

Foster Wheeler's full-year net income dropped 16% to $136 million, or $1.27 per share.

Adjusted earnings were $1.54 per share on revenue of $3.41 billion which dipped by 24%.

For 2013 the company anticipates adjusted earnings excluding the impairment charge of $1.65 per share.

Analysts expect earnings of $2.02 per share.

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