Items tagged with financial report

We're starting to think that if a nuclear war breaks out or an asteroid the size of Texas rams into our planet, all that will be left in the aftermath are cockroaches and BlackBerry. Maybe just BlackBerry. Like Rocky Balboa, BlackBerry has taken beating after beating, yet it's still standing, and believe it or not, it's even making a profit. Well, for this past quarter, anyway. After posting losses of $148 million and $207 million during the company's fiscal third and second quarters of 2015, respectively, BlackBerry somehow managed to get back in the black and come out $28 million ahead in the... Read more...
More than a quarter of LG Electronics' total revenue came from selling smartphone devices, the company announced today. Top dogs like Samsung and Apple would be wise to keep an eye on LG, which increased its smartphone shipments in North America by 78 percent year-over-year during the fourth quarter of 2014.Accounting for all territories, LG collected $14.26 billion in smartphone related revenue in all of 2014, representing more than 25 percent of the company's full-year consolidated revenue of $55.91 billion. That's based on 59.1 million smartphone sales, a jump of 24 percent compared to the previous... Read more...
Samsung may have been disappointed that it wasn't able to sell as many Galaxy S5 devices as initially thought, but it's Galaxy Note 4 phablet picked up the slack, helping the company's IT & Mobile Communications unit see a boost in earnings. The South Korean electronics company also credited its more efficient management of marketing expenditures for its recovery in earnings.Overall, Samsung's total revenue for its fiscal fourth quarter ended December 31, 2014, was 52.73 trillion won ($48.6 billion), resulting in an operating profit of 5.29 trillion won ($4.87 billion). Not too shabby, though... Read more...
AT&T, the largest telephone company in the U.S., gave a heads up that it's planning to record a $10 billion charge in its fourth quarter financial results, including a $7.9 billion write-off related to changes in its pension and retiree benefit plans, and a $2.1 billion non-cash charge based on the determination that copper assets are no longer necessary as customers move away from older voice and data products. As an increasing number of customers shift their calling habits over to mobile phones and Internet-based calling services like Skype, the need for more copper... Read more...
Sony today revised its consolidated forecast for its fiscal year ending March 31, 2015, and the new numbers don't look so hot. Just the opposite, Sony now expects to post a 230 billion yen ($2.1 billion in U.S. currency) loss. The Japanese electronics company also said there will be no interim dividend or year-end dividend of common stock. It's worth mentioning that this is the first time Sony will have suspended dividend payments since being listed on the Tokyo Stock Exchange back in 1958. How did it come to this? "The previous MRP was focused principally on achieving significant sales growth.... Read more...
Hewlett-Packard, the second largest supplier of PCs in the world, announced financial results for its fiscal 2014 second quarter ended April 30, 2014. The company grew its profits year-over-year by 18 percent to $1.3 billion on $27.3 billion in total revenues, though despite the profit growth, HP said it plans to cut up to an additional 16,000 jobs over those that are already planned. In May 2012, HP outlined a mulit-year restructuring plan to simplify its business model, accelerate innovation, lower costs, and boosts profits. As part of that plan, HP said it would eliminate 34,000 jobs. Having... Read more...
Even though it was AMD that secured lucrative contracts with the major console makers, NVIDIA's benefiting from an impressive lineup of mobile and desktop GPUs for the PC. Citing growth in PC gaming as a partial reason for its profitable quarter, NVIDIA raked in over $1.1 billion in total revenue for the first quarter of fiscal 2015, ended April 27, 2014. That represents a 4 percent decline sequentially, but a 16 percent jump compared to the same quarter a year ago. After paying the bills, NVIDIA was left with profit of $136.5 million, or $0.24 per diluted share on a GAAP basis ($166.1 million,... Read more...
Google is one of those companies that pretty much has a license to print money. To wit, the search giant reported consolidated revenues of $16.86 billion for the quarter ended December 31, 2013, which is 17 percent higher than the same quarter a year prior. The company's operating income climbed to $4.84 billion, up 29 percent from $4.27 billion the fourth quarter of 2012. Ending the year on a strong note brought Google's tally to $57.86 billion for the full year. It's the second year in a row that Google has topped $50 billion in revenue, having collected $50.18 billion in 2012, up from $37.91... Read more...
Dell reported a 72 percent annual drop in net income to $204 million during its second quarter for fiscal 2014, though the company remains steadfast in its strategy to customers in what it termed a "challenging environment." Indeed it is for PC makers as sales continue to slide during the recent transition to mobile devices, like tablets and smartphones. Revenue came in at $14.5 billion, about the same as it was a year ago. Interestingly, it was software, not hardware, that ultimately hurt Dell's bottom line. Dell's desktop and think client revenue actually jumped a percentage point, which doesn't... Read more...
Depending on how you look at it, Apple had another stellar quarter, generating $35.3 billion in revenue and posting a net profit of $6.9 billion, or $7.47 per diluted share. On the flip side, Apple's performance barely beat out Wall Street's somewhat subdued estimates, and though its revenue is up slightly from $35 billion in same quarter a year ago, the company's net profit fell from $8.8 billion, or $9.32 per diluted share, Still, there are thousands of companies that would love to switch places with Apple, which currently finds itself in a profitable dogfight with Samsung over mobile dominance.... Read more...
Best Buy on Tuesday didn't pull any punches when reporting its fiscal third quarter 2013 earnings, calling its performance "clearly unsatisfactory." The struggling electronics chain reported a GAAP net loss of $13 million for the three-month period ended November 3, 2012, compared to net earnings of $173 million during the same quarter one year ago. "In line with trends experienced over the last three years, Best Buy’s third quarter financial performance was clearly unsatisfactory. On November 13, we shared our candid assessment of Best Buy’s situation and unveiled Renew Blue, a set... Read more...
Hewlett-Packard today announced financial results for its fourth fiscal quarter and full fiscal year ended October 31, 2012, noting an $8.8 billion asset impairment charge related to the acquisition of software firm Autonomy. That's a pretty big write-off, and HP is essentially claiming fraud on the part of Autonomy. "The majority of this impairment charge is linked to serious accounting improprieties, disclosure failures and outright misrepresentations at Autonomy Corporation plc that occurred prior to HP's acquisition of Autonomy and the associated impact of those improprieties, failures and... Read more...
As the most valuable company in the world, Apple may on occasion have trouble living up to the lofty expectations of investors and market analysts. Such was the case during Apple's fourth quarter financial report. Specifically, it was Apple's forecast for the first quarter of 2013 that worried investors. "Looking ahead to the first fiscal quarter of 2013, we expect revenue of about $52 billion and diluted earnings per share of about $11.75," said Peter Oppenheimer, Apple's CFO. Plenty of companies would be thrilled with kind of forecast, but it just so happens that analysts were estimating $55... Read more...