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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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