earnings

Netflix plans to change up its family streaming service

Netflix is taking a closer look at how to cater its video-streaming service to families.

In a letter to shareholders (PDF) on Monday, the company said it plans to introduce a family streaming plan in the U.S. that would let up to four people stream at the same time. However, this also means that Netflix may be looking for a way to minimize several people sharing one account.

The plan would cost $11.99 per month and let subscribers stream as many as four devices simultaneously. Netflix's current plan, which costs $8 a month, allows two streams at … Read more

Analysts highlight bright spots ahead of Apple's Q2 report

Apple's fiscal second-quarter results aren't expected to be particularly cheerful, but some analysts are still finding reasons to be bullish.

The Cupertino, Calif., company will report its January-March quarter results on Tuesday, and no one is expecting a blowout. The company could make history with its biggest second-quarter sales yet, but it's also expected to post its first decline in profit in a decade.

Despite worries about Apple's recent performance, BGC boosted its rating on Apple's stock to "buy" from "hold," saying investors should take advantage of the recent weakness to … Read more

Apple earnings could bring profit setback, despite record sales

Apple could make history tomorrow with its biggest second-quarter sales yet, though it's also expected to log its first decline in profit in 10 years.

That's what analysts anticipate in Tuesday's second-quarter earnings report, which will spell out the company's performance through the end of March.

Wall Street is expecting Apple to post earnings of $10.12 per share on sales of $42.6 billion, based on a poll of 48 analysts from Thomson First Call. That's down from earnings of $12.30 per share, and up from the $39.2 billion in sales from … Read more

Apple sets earnings call for Tuesday

The hard numbers on Apple's fiscal second quarter will come out first on Tuesday. But for further details, Apple watchers will want the lowdown from the company's conference call.

Apple said Friday morning that it will host its conference call for the press at 2 p.m. PT on Tuesday, April 23, a little less than an hour after the earnings press release hits the wires. There will be an accompanying live Webcast at that time.

In January, for its first fiscal quarter, Apple reported record revenue, but earnings fell short of analysts' expectations.

Earnings reports from Apple … Read more

IBM earnings fall short as mainframe deals slip

IBM's first quarter fell short of expectations as deals slipped into the second quarter. IBM's comments about a poor finish to the first quarter is becoming a common refrain among enterprise technology companies.

The company reported first-quarter earnings of $3 billion, or $2.70 a share, on revenue of $23.4 billion, down 5 percent from a year ago. Non-GAAP earnings for the first quarter were $3 a share.

IBM was expected to report first-quarter earnings of $3.05 a share on revenue of $24.6 billion.

CEO Ginni Rometty said that the company saw a strong start … Read more

Verizon sold 4M iPhones in Q1

Verizon Wireless sold 4 million iPhones in the first quarter.

The breakdown of iPhone sales was split evenly between the iPhone 5 and older iPhones, Chief Financial Officer Fran Shammo said during a conference call Thursday.

The company sold 7.2 million smartphones in the period, with 28 percent going to customers new to Verizon. Shammo declined to provide a figure for Android sales.

In total, Verizon sold 9.7 million devices on a contract basis, with 87 percent of those being phones of some sort.

The 4G LTE push continued in the first quarter. Verizon activated 5.9 million … Read more

Verizon profit up 16 percent as wireless growth chugs along

Verizon bounced back from a tough fourth quarter and started the year off strongly.

The telecommunications provider today posted a first-quarter profit of $1.95 billion, or 68 cents a share, compared with a year-earlier profit of $1.67 billion, or 59 cents a share. Revenue rose 4.2 percent to $29.42 billion from a year ago.

Analysts, on average, projected per-share earnings of 66 cents and revenue of $29.55 billion, according to Thomson Reuters.

Growth, as usual, was driven by the Verizon Wireless unit, which generated $19.5 billion in revenue, up 6.8 percent from a … Read more

Intel profit drops 25 percent as it grapples with weak PCs

Intel managed to eke out quarterly results and guidance largely in line with expectations, despite dismal conditions in the PC market. Still, its net income dropped 25 percent as its key computing market struggles.

The Santa Clara, Calif., company, which makes chips that power the majority of the world's computers and servers, said its revenue for the first quarter totaled $12.58 billion, down 2.5 percent from the previous year. This number was in line with its forecast in January of $12.2 billion to $13.2 billion in sales. With earnings that match about what analysts had … Read more

Yahoo Q1: Revenue disappoints as display ads dive

Shares of Yahoo fell sharply in after-hours trading today after the company's first-quarter earnings revealed a sharp fall in display advertising revenue.

Yahoo's earnings rose 26 percent to $420 million in the first quarter of 2013 after stripping out onetime charges on essentially flat sales.

Wall Street had expected a 9 percent increase in net income on 2 percent sales growth. Revenue, excluding traffic acquisition costs, was $1.07 billion for the first quarter of 2013, flat compared to the first quarter of 2012.

Non-GAAP net earnings per diluted share was 38 cents in the quarter compared to … Read more