T-Mobile US (TMUS), ConocoPhillips (COP), Time Warner Cable (TWC), Nokia (NOK) – Earnings Preview

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T-Mobile US Inc , ConocoPhillips , Time Warner Cable Inc and Nokia Corporation (ADR) are among the major companies releasing quarterly results on Thursday. Here’s what investors can expect:


T-Mobile US Inc

T-Mobile US will release second-quarter numbers ended on Thursday morning. The consensus of analysts covering the stock is for earnings of 18 cents a share, versus 48 cents a year earlier. Revenue is forecast to be around $7.94 billion, compared with $7.19 billion in the same quarter last year.

T-Mobile US Inc has heated up the competition in the wireless space in recent years. Earlier this month, the company said that it added 760,000 mainstream subscribers during the current quarter. Analysts argue that the inflow of customers may hurt short-term profits, but the relatively low service cancellations should add value over the longer term.

For the full year, T-Mobile US Inc has projected total mainstream additions of anywhere between 3 million and 3.5 million. The carrier has already added 2.1 million during the first half of the year. UBS now expects the company to add 3.8 million for the year.


ConocoPhillips will announce its second-quarter results today. The average analysts’ estimate is for net income of 4 cents a share, compared with $1.61 in the year-earlier period. Revenue is projected to come in at a $9.6 billion for the period, down 35 percent from the $14.7 billion a year earlier.

ConocoPhillips   has been scaling back costs, and has laid-off close to 1,500 employees since the sector went into a downturn started last fall. The company has reaffirmed its plans to keep slashing its workforce.

Time Warner Cable Inc

Time Warner Cable is forecast to record second-quarter earnings of $1.80 per share, versus the $1.89 a share a year earlier. Analysts expect the cable company’s pay-TV subscriber base to keep shrinking in the short term. However, steady growth is expected in the high speed Internet operations, driven primarily by growing demand for high-speed data services.

In the last few quarters, Time Warner Cable Inc has witnessed rapid growth in its business services division. Most analysts expect this strength to continue in the near term amid higher demand from small and medium sized enterprises for bundled packages.

Nokia Corporation (ADR)

Nokia is all set to release its Q2 results on Thursday. According to analysts polled by Thomson Reuters, the consensus is for earnings of 6 cents a share on revenue of $3.55 billion. In the year-ago period, the company posted earnings of 8 cents a share on sales of $4.03 billion.

Operational sales are likely to improve y-o-y, largely on the back of robust Networks sales, which account for about 90 percent of total revenues.  In the last reported quarter, Nokia missed earnings estimates, as its core Networks business recorded weaker than expected profits, forcing management to lower the full-year profit outlook for the segment.

Among Nokia Corporation (ADR) other major businesses, the global mapping division and the Intellectual Property licensing division are also forecast to continue the recent positive trend, and post strong top-line gains.

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