Items tagged with financial report
It's hard not to cringe whenever HTC releases an earnings report these days, though if you're hoping for the handset maker to turn its fortunes around, its latest financial report is especially stomach turning. HTC's revenue during the first quarter for the period ending March 31, 2016, plummeted 64 percent to NT$14.8 billion (around $463 million), down from NT$41.52 billion (around $1.3 billion) in the first quarter of 2015.That led to an operating loss of NT$4.8 billion (around $150 million), down from posting a profit of NT$360 million (around $11.6 million) in the same quarter a year ago. It's the fourth consecutive quarter that HTC's posted an operating loss, though what's most concerning...
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Lenovo is displaying the kind of business savvy that must have competitors going nuts with envy. To wit, Lenovo became the world's top supplier of PCs a long time ago and has managed to maintain its No. 1 ranking by outpacing market trends, and now it's showing it can be successful in the mobile market as well. More on that in a moment. For its third fiscal quarter ended December 31, 2015, Lenovo reported $12.9 billion in revenue. That's actually down 8 percent year-over-year (or 2 percent year-over-year in constant currency), but good for a $300 million profit, up 19 percent compared to the same quarter a year prior and better than analysts were expecting. And it's despite challenging market...
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Nintendo finds itself in a bit of a tough spot. At one time the king of the home console market, Nintendo's modern generation hardware just isn't keeping pace with the competition in terms of sales, and as a result, profits are down. How far down depends on what you're comparing them with—net profit for the quarter was 29.1 billion yen (~$241 million), a 36 percent drop compared to last year. Other financial figures include 221.5 billion yen (~$1.84 billion) in revenue and an operating profit of 33.5 billion yen (~$278 million), the former down 17 percent year-over-year and the latter representing a 7 percent jump. The good news for Nintendo is that it still finished the quarter with an overall...
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Investors weren't as pumped as Amazon about its fourth quarter performance in which the online commerce giant collected $35.7 billion. That's a healthy jump of 22 percent form the $29.3 billion it registered in the same quarter a year prior and, once all the bills were paid, it left Amazon with a record Q4 profit of $482 million, or $1.00 per diluted share, more than double the $214 million it logged a year prior. Ah, but investors are a prickly bunch, always ready to poke holes in financial reports and overreact to the slightest suggestion that something might be amiss. It happens quite frequently to Apple, and it's happening now to Amazon, as its shares spiraled downwards more than 13 percent...
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Graphics chip maker NVIDIA announced record revenue of $1.305 billion for the third quarter ended October 25, 2015, up 7 percent from $1.225 billion in the same quarter a year ago, besting estimates by Wall Street analysts. That figure also represents a 13 percent boost from the $1.153 billion NVIDIA generated in the previous quarter "Our record revenue highlights NVIDIA's position at the center of forces that are reshaping our industry," said Jen-Hsun Huang, co-founder and chief executive officer, NVIDIA. "Virtual reality, deep learning, cloud computing and autonomous driving are developing with incredible speed, and we are playing an important role in all of them."NVIDIA benefited from growing...
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Sprint employees may want to bargain with their children for a cut of their Halloween candy and bring their spoils to work. It's either that or pack some spare change for the vending machines. That's because Sprint CEO Marcelo Claure is is aggressively looking to cut costs, and one way he plans to do that is by eliminating free snacks for employees.It sounds like a trivial thing, but in the corporate world, it's those little things that can go a long way towards maintaining employee morale. Nevertheless, the snacks are gone, thus ending a perk that Claure implemented earlier this year. It's also a perk that would have cost Sprint around $600,000 per year.Overall, Sprint reported $26 billion in...
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Have you ever watched a friend that was once on top of the world spiral out of control in his later years? Maybe it was drugs or alcohol that brought him down, but whatever the case, there's a feeling of pity and perhaps even guilt for not being able to do anything about it. In some ways, it feels the same rooting for HTC. No, I'm not saying that HTC employees are snorting lines of blow or drowning their sorrows in a whiskey river. But the company does show signs of imploding. Following a string of revenue losses over the past several months, HTC has decided to no longer issue guidance on its future performance. HTC is hoping to avoid situations like the one that played out a couple of months...
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Another quarter is in the books for Google, which this time around was worth $17.7 billion in revenue, an 11 percent increase compared to the same period a year ago. After deducting traffic acquisition costs (TAC), Google was left with $14.35 billion in revenue, a figure that's millions of dollars higher than analysts were expecting. Suffice to say, Google held its position as the second most valuable company in the U.S., trailing only Apple for the top spot. With its stock price surging more than 12 percent to $651.66 per share after making its financial report public, Google has a market capitalization of $423 billion, compared to Apple's $742.4 billion. "Our strong Q2 results reflect continued...
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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 fourth quarter ended February 28, 2015. It boggles the mind. It's even more surprising when you look...
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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 year. Toss in feature phones and LG's mobile handset sales climb to 78.2 million.Can LG keep...
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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 what's worrisome for Samsung and its investors is that as good as these numbers appear, they're down...
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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 landlines is quickly disappearing. Image Source: Flickr (Mike Mozart) According to Bloomberg, AT&T...
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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. The new MRP was modified to address the significant change in the market and competitive environment...
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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 reassessed the situation, HP said it will hand out an additional 11,000 to 16,000 pink slips. Should...
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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, or $0.29 per diluted share on a non-GAAP basis). NVIDIA is planning to pay its next quarterly cash...
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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 billion in 2011. Not included in any of those figures is Google's sale of Motorola Mobility to Lenovo...
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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 sound like much to brag about, except that Dell was the only vendor among the top five PC makers...
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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. Holding its ground, Apple sold 31.2 million iPhones in the third quarter, a record for the June...
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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 of priorities to begin re-invigorating the company’s performance and rejuvenating Best Buy. The...
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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 misrepresentations on the expected future financial performance of the Autonomy business over the long-term,"...
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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 billion, according to Reuters. What's more, Apple expects margins to be in the neighborhood of 36 percent,...
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