Items tagged with earnings report
Intel posted its highest third-quarter revenue in the history of the company, raking in $19.2 billion, a 19 percent jump from the same quarter a year prior. This led to an even bigger jump in profit, with Intel posting net income of $6.4 billion, up 42 percent year-over-year. What makes these numbers even more impressive is that Intel contended with a shortage of 14-nanometer silicon. Earlier this month, Intel CFO and interim CEO Bob Swan said the chip maker was surprised by the return to growth in the PC market, noting that "second-quarter PC shipments grew globally for the first time in six years, according to [market research firm] Gartner." At the time, he also admitted that the rebound had...
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Nintendo is riding high on the success of its newest game console releases, the biggest of those being its hybrid Switch system that is suitable for both gaming on the go, and when sitting in front of a big screen TV. The company's gamble on a dual-purpose console is paying off handsomely, prompting Nintendo to adjust its full-year forecast to reflect a much bigger anticipated profit. The hardware maker nearly doubled its profit forecast for its fiscal year ending March 2018. After going over the numbers to date, Nintendo now expects to report a profit of 120 billion yen (around $1.06 billion), up from its previous forecast of 65 billion yen (~$572.8 million), which it estimated just three months...
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Intel's semi-pivot from a PC-centric operation to one that is focused on the data center, machine learning and self-driving cars is paying off, and in a big way. The Santa Clara chipmaker announced record earnings per share of $0.94 during the third quarter, a 36 percent jump versus the same quarter a year ago. It also collected $16.1 billion in revenue en route to a $4.5 million profit from a product lineup that Intel CEO Brian Krzanich called its strongest ever. "We executed well in the third quarter with strong results across the business, and we're on track to a record year," Krzanich said. "I’m excited about our progress and our future. Intel’s product line-up is the strongest it has ever...
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Advanced Micro Device's tally for its fiscal third quarter reached just $1.3 billion. That represents a jump of 23 percent from the same quarter a year prior on strong demand for its semiconductors used in game consoles, and it beat out what analysts were expecting. That's the good news. The bad news is that it wasn't enough for AMD to pull a profit. Just the opposite, AMD's loss for the quarter climbed to $406 million, or $0.50 per share, more than doubling the $197 million loss, or $0.25 per share, it posted in the third quarter for 2015. It's also a big swing from the $69 million profit ($0.08 per share) AMD posted just a quarter ago on revenue of a little over $1 billion. AMD says the decline...
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