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
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
The late launch of the HTC One smartphone put a damper on HTC's first-quarter profits.
For the quarter ending in March, net profit plummeted to 85 million Taiwanese dollars ($2.85 million), a fall from 10.9 billion Taiwanese dollars ($363 million) a year ago and the company's lowest quarterly profit since 2004. Results also disappointed analysts polled by Thomson Reuters, who on average were expecting a net profit of 467.5 million Taiwanese dollars ($15.5 million).
Samsung Electronics expects to record an operating profit of 8.7 trillion won ($7.7 billion) for the first quarter of 2013, a 53 percent increase over the year-ago period.
The guidance, released today by the South Korean electronics giant ahead of full earnings later this month, is better than many analysts had forecast but a slight decline over the fourth quarter of 2012, when the company posted a record $8.3 billion in operating profit. The guidance means the company expects to break its string of five consecutive quarters of record profits.
Though strong sales of the Galaxy S … Read more
Apple said today it will discuss its financial performance for its fiscal second quarter 2013 in a conference call on April 23.
The call, which as usual will be streamed, is expected to cover the company's revenue and sales figures. CEO Tim Cook and CFO Peter Oppenheimer will likely be on hand to provide a financial forecast for the next quarter.
The iPhone maker recorded a monster first quarter of 2013, posting revenue of $54.5 billion and earnings of $13.1 billion on sales of 47.8 million iPhones and 22.9 million iPads. That was just below … Read more
Don't hang up the banners and throw the ticker-tape parade for BlackBerry yet.
BlackBerry's fiscal fourth-quarter report brought a bevy of good news. The company surprisingly returned to profitability; it shipped 1 million Z10 smartphones, the majority of which were snapped up by consumers; and it appears as if it it's taking share from competing platforms.
It's a strong start for BlackBerry. But by no means can the company declare "Mission Accomplished" on its comeback. Indeed, there are a lot of unanswered questions that won't get answered until another several months of results … Read more
It's not just the BlackBerry faithful signing up for the BlackBerry Z10.
More than half of the customers snapping up a Z10 -- 55 percent -- are coming from a different platform, BlackBerry CEO Thorsten Heins said during a conference call today.
Heins wouldn't go into detail about the breakdown of where these customers were coming from, but it's an encouraging sign that the Z10 was enticing enough that people were willing to switch over to the new device. It's one sign of progress for a company badly in need of a home run.
"We'… Read more
BlackBerry swung to a surprising profit in the fiscal fourth quarter amid early signs of progress with its BlackBerry Z10 flagship phone.
For the three months that ended on March 2, the Canadian smartphone manufacturer reported a profit of $98 million, or 19 cents a share, compared with a year-ago loss of $125 million, or 24 cents a share. Excluding items such as its cost-savings program, the company reported an adjusted EPS of 22 cents. Sales, however, fell by 36 percent to $2.68 billion.
More importantly, BlackBerry said it sold 1 million units of the Z10 in the period. … Read more
Oracle's third quarter earnings had a big buildup but fell short of analysts' expectations amid currency fluctuations and a sales shortfall in most units.
The company reported third quarter earnings of $2.5 billion, or 52 cents a share, on revenue of $8.96 billion, down 1 percent from a year ago. Non-GAAP earnings were 65 cents a share.
Wall Street was looking for earnings of 66 cents a share on revenue of $9.38 billion.
Pandora Media, the company behind the Web radio service, posted big fourth-quarter revenue gains as advertising revenue jumped 51 percent from the year-ago period.
At the same time, the company's losses widened 78 percent to $14.6 million.
"Pandora has been hiring top talent in local radio markets to further increase our share of the $15 billion radio ad market," Pandora Chief Executive Joe Kennedy said in a statement. "We are now effectively the largest radio station in almost every major market and begin fiscal year 2014 with extraordinary momentum."
Separately, Kennedy announced that he'… Read more