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What to Look for When Nokia (NOK) Reports Q2 Results

NEW YORK (TheStreet) -- Shares of Nokia (NOK) were gaining mid-Wednesday afternoon ahead of the company's 2016 second quarter earnings report, due out before the opening bell on Thursday.

Analysts surveyed by Thomson Reuters are looking for the company to report earnings of 4 cents per share on revenue of $6.44 billion.

For the 2015 second quarter, Nokia earned 9 cents per share on revenue of $3.83 billion.

The company announced this week that it is expanding its patent cross license agreement with Samsung (SSNLF).

"With intellectual property portfolios from Nokia...