Items tagged with revenue

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... Read more...
Intel on Thursday warned investors that its first-quarter revenue is likely to be $900 million lower than previously forecast as it weathers weaker than expected sales of business PCs. As a result, Intel now expects to record Q1 revenue of $12.8 billion, plus or minus $300 million, compared to its previous expectations of $13.7 billion, plus or minus $500 million.The Santa Clara chip maker placed the bulk of the blame on small and medium businesses standing pat with Windows XP. Microsoft finally put the legacy operating system to rest a year ago in April, leaving those who don't upgrade at a severe security risk as newly discovered vulnerabilities go unpatched, though businesses have the option... Read more...
Life can be a whole easier when you find the right partner. That's true in business as well -- just look at Motorola Mobility and the recent success it's had under Lenovo's leadership. According to Lenovo's financial report for its third fiscal quarter ended December 31, 2014, Motorola Mobility's device shipments are up 118 percent year-over-year. That translates into 10 million device shipments during the quarter, which added $1.9 billion in revenue to Lenovo's Mobile Business Group (MBG). And that's just the tip of the iceberg -- Lenovo says Motorola Mobility will soon re-enter China, which will help put it on track to be profitable within 4 to 6 quarters. It's important that Motorola be successful... 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 year. Toss in feature phones and LG's mobile handset sales climb to 78.2 million.Can LG keep... 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 what's worrisome for Samsung and its investors is that as good as these numbers appear, they're down... Read more...
BlackBerry took Wall Street by surprise this morning by posting an adjusted third-quarter operating profit, a sign that its comeback strategy and restructuring efforts might be on the right track. However, BlackBerry's revenue tumbled 34 percent year-over-year to $793 million, highlighting the uphill battle that stands ahead of the Canadian handset maker.For the period ended November 29, 2014, BlackBerry reported a net loss of $148 million, or 28 cents a share. That's much better than the $4.4 billion loss, or $8.37 per share, that it reported a year ago. These figures also come just ahead of BlackBerry's Classic handset launch, which combines today's high-end hardware and specs with BlackBerry's... Read more...
Verizon is putting its brave face on and remaining positive about future growth opportunities as it deals with increasingly aggressive competitors in the wireless space. Without feeding the media and analysts too much real data to chew on, Verizon spoke in vague terms, saying that it sees "strong momentum for wireless customer growth" heading into the fourth quarter of 2014, along with "very strong customer demand" for 4G devices on its More Everything shared data plans. According to Verizon, retail postpaid gross additions are higher both sequentially and year-over-year. In addition, new device launches are leading to "significant customer phone upgrades." If you're keeping count so far, that's... Read more...
Sprint is planning to reduce its workforce by approximately 2,000 employees, or 6.5 percent, a move the company says will save $400 million annually on labor costs. Unfortunately that is what is has come to for Sprint -- looking for ways to cut costs following a dismal quarter underscored by an operating loss of $192 million. Going forward, Sprint's goal is to reduce expenses by $1.5 billion annually. "We have started a transformational journey," said Marcelo Claure, who was appointed CEO of Sprint in mid-August. "While the company continues to face headwinds, we have begun the first phase of our plan and are encouraged with the early results. Every day we are focused on improving our standing... Read more...
It's a good thing Sony's PlayStation 4 game console is selling so well, because if it weren't, the company would find itself posting an even bigger loss for its fiscal second quarter ended September 30, 2014. As it stands, Sony reported a $1.25 billion net loss for the quarter and is on pace to lose a whopping $2.1 billion for the year -- ouch! On the bright side, Sony sold 3.3 million PS4 consoles during the quarter, which bumps the total number to date to 13.5 million units. Combined with 800,000 PlayStation 3 console sales in the same quarter, Sony's Game & Network Services division saw an 83 percent year-on-year rise in revenues to $2.77 billion. "This significant increase was primarily... Read more...
T-Mobile, the nation's fourth largest wireless carrier, closed out its best quarter ever of branded postpaid net additions, which totaled 1.4 million. Branded prepaid net additions more than doubled quarter-over-quarter to 1.2 billion, with T-Mobile adding a combined 2.3 million customers during Q3. In the past six months, T-Mobile has added 10 million total customers as it races to catch up with and surpass Sprint for the No. 3 sport. "Despite our competitors’ best efforts, the Un-carrier revolution made huge advances in the third quarter with record net new customers," said John Legere, President and CEO of T-Mobile. "More proof of the resurgent strength of our brand and the massive momentum... Read more...
Despite the many doom and gloom predictions in the PC market, worldwide system shipments during the third quarter didn't fall as much as expected (only minus 1.7 percent, according to IDC). Partially as a result, hard drive maker Seagate Technology performed better than expected during the company's first quarter of its fiscal year 2015 ended October 3, 2014. How well? Seagate reported a profit of $381 million, or $1.13 per share, on revenue of $3.8 billion for the quarter. On average, analysts weren't expecting Seagate's profit to be quite as high, though they probably didn't take into account that the PC market is doing better than expected, along with continued upgrades since Microsoft yanked... Read more...
Amazon came up short of analysts' expectations for its fiscal third quarter of 2014. The e-tailer saw its sales increase 20 percent to $20.58 billion, compared with $17.09 billion in the same quarter a year ago, though the firm also posted an operating loss of $544 million, compared with an operating loss of $25 million a year prior. The end result of Amazon's efforts for its third quarter ended September 30, 2014, is a net loss of $437 million, or $0.95 per diluted share, compared with a net loss of $41 million, or $0.09 per diluted share, in the third quarter of 2013. Nevertheless, company CEO Jeff Bezos tried to remain optimistic as the online retailer heads into what it hopes will be a busy... Read more...
Regarding Apple's financial performance during its fiscal fourth quarter ended September 27, 2014, go ahead and choose whichever adjective floats your boat -- smashing, awesome, fantastic, and the list goes on. By the numbers, it was another record period with Apple collecting $42.1 billion in revenue to the tune of an $8.5 billion profit, or $1.42 per diluted share, compared to revenue of $37.5 billion and net profit of $7.5 billion, or $1.18 per diluted share, in the same quarter a year ago. "Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus," said Tim Cook, Apple’s CEO. "With amazing innovations in our new iPhones,... Read more...
T-Mobile has no problem calling out other wireless carriers and pointing out their flaws in candid language, but if you're going to do that, you make yourself a target for criticism. There will be none of that at the moment. Just the opposite, T-Mobile said it added 1.5 million customers during its fiscal second quarter, which is the fifth consecutive quarter with over 1 million total net customer additions. T-Mobile is now serving more than 50 million customers and leads the industry in branded postpaid phone net customer additions. "We have completely reversed T-Mobile’s trajectory and started a revolution that is changing the rules in wireless," said John Legere, President and CEO of... Read more...
Nintendo can't seem to catch a break. The game hardware and software maker reported 74.7 billion yen (~$730.5 million) in revenue during the three-month period ended June 2014, down 8.4 percent compared to the same quarter a year ago. And despite tripling Wii U console sales during the quarter, Nintendo ended up with a 9.9 billion yen (~$97 million) loss compared to an 8.6 billion yen (~$84 million) profit in the same quarter last year. Even though Nintendo sold 510,000 Wii U consoles during the April-June quarter compared to just 160,000 unit sales in the same quarter a year ago, the Wii U hasn't been flying off of shelves the way Nintendo hoped. Sales of the company's 3DS handheld aren't helping... Read more...
Even with all the iPhone 6 rumors floating around the web, Apple managed to sell over 35 million existing iPhone devices during its fiscal 2014 third quarter ended June 28, 2014, the company reported. That translates into $19.7 billion in iPhone revenue, and a record $37.4 billion in overall revenue after accounting for Apple's other products and services. Apple's never posted a more lucrative June quarter than this one. Net profit totaled $7.7 billion, or $1.28 per diluted share. Given the strong performance, Apple's board of directors declared a cash dividend of $0.47 per share of the company's common stock, which shareholders will receive on August 14, 2014. "Our record June quarter revenue... Read more...
Verizon Communications said it added 1.4 million net retail connections in the second quarter of 2014 to bring its total wireless subscriber base to 104.6 million. Equally impressive is the company's low churn rate of just 1.2 percent, meaning that the vast majority of wireless customers are content with their service, or at least content enough not to jump ship. This helped Verizon record its highest quarterly revenue growth of the past six quarters, which totaled $31.5 billion, up 5.7 percent compared to the same quarter a year ago. Wireless revenue contributed $21.5 billion to that tally, which itself represents a 7.5 percent year-over-year jump. Image Source: Flickr (Mike Mozart) "Verizon’s... Read more...
Continuing with its stellar performance, Apple posted financial results for its fiscal 2014 second quarter ended March 29, 2014, during which time it generated $45.6 billion in revenue for a net profit of $10.2 billion, or $11.62 per diluted share. These numbers are up from $43.6 billion in revenue and a net profit of $9.5 billion, or $10.09 per diluted share, in the same quarter a year ago. Interestingly, two-thirds of Apple's revenue came from international sales and services. "We’re very proud of our quarterly results, especially our strong iPhone sales and record revenue from services," said Tim Cook, Apple’s CEO. "We’re eagerly looking forward to introducing more new products... Read more...
Typically, Fridays on Wall Street are comparatively quiet, and often, they sag a bit lower than other weekdays. It's the end of the work week, volume is lower, and hardly any company announces spectacular, can't-miss news on a Friday. But if you're Google, you're pretty pleased with how Friday treated you. Google's stock was the talk of Wall Street as the trading week closed, with its per-share price soaring (and staying) beyond $1000. The company's third-quarter results were to thank for the nearly 14% single-day increase. Google has practically been printing money for years on end now, and it's showing no signs of slipping soon. “Google had another strong quarter with $14.9 billion in... 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. Holding its ground, Apple sold 31.2 million iPhones in the third quarter, a record for the June... Read more...
Don't tell Lenovo the PC market is in a slump. The OEM apparently hasn't gotten the memo, and as they say, ignorance is bliss. In this case, it's also quite lucrative. Lenovo this week announced record full-year sales of $34 billion, up 15 percent year-over-year, and record earnings of $635 million, up more than a third compared to last year. Lenovo's record-setting behavior didn't stop there. It's fourth fiscal quarter revenues grew 4 percent to $7.8 billion. What makes those numbers even more remarkable is that the industry average among PC makers was a 13 percent year-over-year decline. This is the 16th consecutive quarter Lenovo has been able to buck the trend. The OEM said it shipped a record... Read more...
Many working stiffs find themselves with too much month at the end of the money and staring at a pile of debt, but how nice would it be to have that work in reverse? If you really want to know the answer to that question, just ask Samsung, which is generating more money than it can spend each month. Of course, that's what a business is supposed to do -- make a profit and all that jazz -- only most don't find themselves sitting on 31.2 trillion won, or $28.5 billion, after debt. Following a first quarter that saw a 42 percent jump in net profit, Samsung now says its cash and equivalents grew to almost $40 billion, which has tripled in size over the last year, The Wall Street Journal reports. After... Read more...
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