Nokia Corporation ( NOK ) is set to release its second-quarter 2014 results before the opening bell on Jul 24, 2014. In the last quarter, the company delivered a positive 50.00% earnings surprise. Likewise, the company has delivered positive earnings surprises in three of the last four quarters, with an average beat of 77.78%. Let's see how things are shaping up for this announcement. Factors to be Considered This Quarter Nokia's future growth prospect looks promising mainly based on solid contract wins and aggressive 4GLTE network deployment across China as well as higher investments in network restructuring by emerging nations. However, Nokia suffered severe setbacks dealt by several major credit rating agencies. Standard & Poor's Rating Services (S&P) downgraded Nokia's overall rating by two notches to junk territory. Moreover, the company's decision to spend nearly $270 million in 2014 may affect its cash flow considerably.