Como se combate o populismo? "Com eleições", responde Fukuyama

[Pata-Hari]

já agora, os comentários que ouvi como explicativos das quedas foram um pouco no sentido de, apesar dos numeros serem bons e de pelo menos em linha com muitos dos analistas, não foi dada guidance para números futuros. Ora se virmos o passado recente da nokia, de cada vez que foram avançados números a empresa foi obrigada a vir dar nova guidance porque a realidade se desviou do previsto (tendo sido uma das vezes multada pela cmvm finalndesa por não o ter feito!). Mas aparentemente parecem existir inúmeros investidores que simplesmente não aceitam o não haver guidance....

[Pata-Hari]

Nokia forecast gets bad reception
Shares of mobile phone giant down as it expects lower 4Q selling prices; 3Q in line with estimates.
October 20, 2005: 7:20 AM EDT





Nokia forecast gets bad reception
Shares of mobile phone giant down as it expects lower 4Q selling prices; 3Q in line with estimates.
October 20, 2005: 7:20 AM EDT


HELSINKI (Reuters) - The world's top handset maker Nokia forecast falling prices in the fourth quarter on strong developing country demand for handsets, having reported a third-quarter performance in line with expectations.

Nokia revealed third-quarter earnings per share (EPS) of 0.20, up from 0.15 a year ago.

A Reuters poll of 25 analysts had on average predicted 0.19 per share for the third quarter and 0.24 for the fourth quarter.

But Nokia expected its average selling prices in the fourth quarter to decline from 102 in the third, with demand seen mainly coming from developing countries, where prices are lower.

The news pulled its shares 3.2 percent down to 13.57, in a market just a fraction lower.

The company had itself given a third-quarter EPS forecast of 0.18-0.19 just last month.

Nokia said its market share was now about 33 percent, which was flat from the second quarter, but it expected its share to improve year-to-year and quarter-to-quarter in the last three months of the year.

It also forecast the overall mobile device market for 2005 to reach about 780 million units, up from its previous estimate of 760 million.

The Finnish mobile giant said industry volumes in the fourth quarter would reflect usual demand in the run-up to Christmas and grow compared with the third quarter.

"In mobile devices, we have been making excellent progress in expanding and upgrading our product offering, which is the broadest in the market and caters to all relevant consumers and trade customers globally," Chief Executive Jorma Ollila said.

Nokia's main rivals had already reported strong conditions at the high-price end of the market as well as for cheaper phones, traditionally seen as the Finnish group's strongest area.

Nokia said third-quarter net sales rose 18 percent to 8.4 billion, in line with analysts' forecasts.

[br@instock]

Com estes resultados posiivos como pode estar a descer 5%, é costume não é? A Nokia desce "sempre" no anuncio de resultados...

[Jameson]

6:10am 10/20/05 [NOK] NOKIA Q3 MARKET SHARE 33% VS. 32% YEAR AGO

6:10am 10/20/05 [NOK] NOKIA Q3 VOLUME GROWTH UP TO 66.6M UNITS

6:09am 10/20/05 [NOK] NOKIA LIFTS FY FORECAST TO 780M UNITS

6:06am 10/20/05 [NOK] NOKIA Q3 MOBILE PHONE OPERATING MARGIN 16.9% VS. 18.8%

6:05am 10/20/05 [NOK] NOKIA Q3 MOBILE PHONE SALES UP 15% 5.203B EUROS

6:06am 10/20/05 [NOK] NOKIA Q3 OPERATING MARGIN 13.7% VS. 13.6%

6:04am 10/20/05 [NOK] NOKIA Q3 NET PROFIT UP 29% TO 881M EUROS

6:05am 10/20/05 [NOK] NOKIA Q3 NETWORK SALES UP 2% TO 1.555B EUROS

6:03am 10/20/05 [NOK] NOKIA Q3 SALES UP 18% TO 8.403B EUROS

6:04am 10/20/05 [NOK] NOKIA Q3 EPS 20 EURO CENTS VS. 15 EURO CENTS A SHARE

[pedras11]

Nokia Third-Quarter Profit Increases 29% as Phone Sales Soar

Oct. 20 (Bloomberg) -- Nokia Oyj, the world's largest maker of mobile phones, said third-quarter profit rose 29 percent on sales of handsets with high-resolution cameras and music players.

Net income rose to 881 million euros ($1.05 billion), or 20 cents a share, from 685 million euros, or 15 cents, a year earlier, the Espoo, Finland-based company said in a Helsinki exchange release today. Sales rose 18 percent to 8.4 billion euros from 7.1 billion euros.

Nokia widened its market share lead over Samsung Electronics Co. and Siemens AG in the second quarter and last month said it expected gains to continue in the third quarter. Chief Executive Officer Jorma Ollila is adding features to phones to lure buyers in the U.S. and Europe, while also tapping demand in countries such as China, India, Brazil and Russia with cheaper handsets.

``It's a dangerous time to be underweight on Nokia,'' John van den Berg, a fund manager at AZL Vermogensbeheer in Heerlen, Netherlands, said before the report. ``They could still gain some more market share in the fourth quarter.'' He holds Nokia shares among the $1.2 billion of European stocks he oversees.

Net income was predicted to be 825 million euros on sales of 8.45 billion euros, according to the median estimates of 15 analysts in a Bloomberg News survey. Nokia on Sept. 13 forecast third-quarter earnings of 18 cents to 19 cents a share.

Before today, shares of Nokia had climbed 21 percent this year, in line with gains in shares of Motorola Inc., the No. 2, and Samsung, the No. 3 handset maker.

The Competition

Motorola on Oct. 18 said third-quarter profit more than tripled to $1.75 billion, as demand for handsets with Internet access and video players pushed revenue 26 percent higher. The company also recorded a gain.

Samsung on Oct. 14 said third-quarter net income slid 30 percent, the fourth consecutive drop, as chip and liquid-crystal display prices declined. Its sales rose 1.4 percent.

Third-quarter handset sales exceeded Nokia's expectations because of a ``strong'' market and gains in market share, Chief Financial Officer Rick Simonson said last month.

Nokia's main mobile-phone unit, its biggest division, is run by CEO-designate Olli-Pekka Kallasvuo, 52. He started as president and chief operating officer this month, and takes over from Ollila, 55, in June.

The Finnish company's market share is recovering after it introduced phones such as the high-speed 6680, which has two cameras, a music player and an Internet browser. Nokia's market share slumped to a five-year low last year after customers picked phones made by Motorola and Samsung.

Multimedia Phones

The company is also seeking to lure buyers with new ranges of multimedia and business phones, dubbed ``Nseries'' and ``Eseries,'' respectively. Nseries phones have features such as music players, while Eseries phones include functions such as word processing and e-mail to appeal to business users.

Yesterday, it unveiled the first phones for its so-called L'Amour Collection, a range aimed at fashion-conscious customers.

In the second quarter, Nokia's global share rose to 31.9 percent from 30.4 percent in the previous quarter and 29.6 percent a year earlier, Stamford, Connecticut-based researcher Gartner Inc. said in August. Motorola's share rose to 17.9 percent from 16.8 percent in the first quarter. Samsung's share slid below 13 percent. Siemens AG fell to less than 5 percent.

Nokia, which has a long-term target of 40 percent market share, has said it plans to introduce 40 new models this year. Ten of them will be so-called third-generation, or 3G, phones with faster data speeds and videoconferencing capabilities.

Market Growth

Global handset sales in 2005 will rise to 779 million units from 674 million last year and 520 million in 2003, Gartner says.

Nokia also benefited from stronger than expected phone prices, Simonson said last month. The company sold more phones in Europe than it predicted, while sales in Latin America were smaller than it had forecast, helping average prices.

Samsung on Oct. 14 forecast its profit will rise for the first time in five quarters, partly because of a rebound in handset prices.

Even as sales volumes rise, handset makers' profitability is under pressure as competition intensifies and a larger proportion of the phones sold are cheaper ones targeted for countries such as India. Nokia's profitability slipped in the second quarter as competition contributed to a 4.5 percent drop in phone prices.

In the third quarter, Nokia's profitability improved, helped by higher sales and lower spending in marketing and research, Simonson said last month.

The combined operating margin for Nokia's handset units slumped to 13 percent in the second quarter from 17 percent in the previous quarter. Nokia on Nov. 4 said it targets an operating profit of 17 percent to 18 percent of sales for its handset units in the next two to three years.

[Jameson]

Nokia advanced 1.1 percent to 14.18 euros. The company may say third-quarter net income rose 20 percent to 825 million euros ($999 million), or 19 cents a share, according to a Bloomberg survey of 15 analysts. The report is due at 11 a.m. London time.

Shares of Motorola Inc., the world's second-largest mobile-phone maker, jumped 4.2 percent yesterday in U.S. trading after the company forecast higher sales, signalling demand for handsets is accelerating into the holiday shopping season.