All in all, the company is expected to post strong numbers in the third quarter earningsdriven by growth in its industrial businesses in emerging economies, partially offset by the slowdown in Europe.
Lehman had better-than-expected first-quarter earnings, driven by gains in fixed income, and analysts say it has made steady progress in winning market share.
As the largest global mobile phone operator by revenue, Vodafone, whose earnings are driven by its European business, is particularly vulnerable to market share loss in Europe.