Nokia Slashes Costs to Increase Performance and 3 Heavily Traded Stocks Trending Now
General Electric Company (NYSE:GE): Current price $21.3813
General Electric Company is expected to report their fourth quarter earnings on Friday, January 18 before the market opens with a conference call scheduled for 8:30 am ET. According to First Call, analysts are looking for earnings per share of 43c on revenue of $38.74 billion. The consensus range for EPS is 42c-44c on revenue of $37.99-$40.01 billion.
Citigroup Inc. (NYSE:C): Current price $41.11
Citigroup Inc.’s latest quarterly results improved from last year. However, the bank’s legal expenses jumped by 54%, or more than $400 million in the fourth quarter, partly due to a $305 million charge associated with the bank’s settlement over alleged foreclosure abuses.
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Nokia Corporation (NYSE:NOK): Current price $4.5350
Nokia Corporation said that quick sales of their new Lumia phone boosted their overall smartphone shipments for the first time in a year, even though sales are well below levels from one year ago. Meanwhile, momentum with a new smartphone and growing strength at their wireless-networks venture are helping performance and Nokia’s improved position is largely driven by extensive cost cutting.
Research In Motion Limited (NASDAQ:RIMM): Current price $14.80
With two weeks to go until the launch of BlackBerry 10, Research-in-Motion Limited will give carriers who want to support mobile payments with Visa a new option. In the United States, three of the four biggest carriers already have a mobile payments platform in place through Isis, the joint venture formed by Verizon Wireless, AT&T and T-Mobile USA. In Canada, RIM recently partnered with three major carriers (Bell Mobility, Rogers Wireless, and TELUS) and with CIBC to enable contactless payments on Canadian handsets that are NFC-enabled.
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