New York, NY - Growing Stock Report initiates Mobile Stock Watch List adding Research In Motion Limited (NASDAQ:BBRY) and Nokia Corporation (NYSE:NOK).
Research In Motion Limited (NASDAQ:BBRY) announced and reported fourth-quarter EPS of $0.22 which beat on expectations by $0.54, though revenue at $2.68 billion fell short by $0.16 billion. On an annual basis revenue fell 36 percent from $4.2 billion in the year ago quarter. Quarterly gross margin was 40 percent and bolstered by higher average selling prices and better margins on hardware. Cash flow generated from operations was $219 million. The company shipped million smartphones, of which about 1 million were Blackberry 10 units, and 370,000 of its PlayBook tablet. Subscriber base touched 76 million. As of this writing, Research In Motion Limited (NASDAQ:BBRY) is currently up (+3.17%) on over 61,00,000 shares traded and is up (+141.96%) from their 52week low of $6.22 which has prompted Growing Stock Report to add Research In Motion Limited (NASDAQ:BBRY) to their Mobile Stock Watch List.
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Nokia Corporation (NYSE:NOK) is currently down (-.059%) after Nokia’s (NYSE:NOK) Indian operations have been served a notice of demand for payment of back income taxes aggregating 20.8 billion rupees, or about $383 million. The demand covers five financial years starting from 2006/2007, and marks yet another tax dispute between the country’s tax authorities and foreign companies. This morning, Nokia Corporation (NYSE:NOK) published its annual report and reiterates its longer-term financial targets .In this annual report, Nokia Corporation (NYSE:NOK) reiterated its longer-term financial targets for its Devices & Services business and Nokia Siemens Networks. Longer-term, Nokia continues to anticipate Devices & Services net sales to grow faster than the market, Devices & Services non-IFRS operating margin to be 10% or more, Longer-term, Nokia Siemens Networks continues to target for its non-IFRS operating margin to be between 5% and 10%. This news has prompted Growing Stock Report to add Nokia Corporation (NYSE:NOK) to their Mobile Stock Watch List.
To see what other Investors are saying about Nokia Corporation (NYSE:NOK)
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Also mentioned in their Mobile Stock Watch List was AT&T, Inc. (NYSE:T) indicating that the release of the BB10 in the US market, first by AT&T, Inc. (NYSE:T) was a key event for Research In Motion Limited (NASDAQ:BBRY)
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