Nokia

(NOK) - Get Report

was climbing 7.1% to $25.49 in premarket Instinet trading after the company said it might beat its earlier fourth-quarter earnings guidance.

The mobile-phone maker expects earnings to come in at the upper end of the earlier projected range of 0.18 euros to 0.20 euros (16 cents to 18 cents), or possibly even exceed that forecast.

Based on October and November developments, the company expects total sequential net sales growth for the Nokia group of about 20%. Nokia Networks sales should be higher sequentially, but down 20% from the same period a year ago. The company expects Nokia mobile-phone sales for the fourth quarter to rise 25% from the third quarter.