Tag Archives: Earnings
Competition Weighs Down HTC In Q2: Sales Drop 27% To $3B; Operating Profit, EPS Down By 57%
HTC has posted its Q2 numbers and they're not pretty. While numbers were up on Q1, the Taiwanese handset maker saw declines in nearly every line of earnings compared to the same quarter a year ago. Revenues were 91.04 billion Taiwan dollars ($3 billion), down nearly 27% on Q2 2011; gross profit was down by more than 30% to NT24.59 billion ($819 million); operating profit down by over 57% to NT8.2 billion ($273 million). Earnings per share were also down by nearly 57% to NT8.9 ($0.30) per share.
The results show that despite gains in some key markets like China, HTC continues to see huge competitive pressure in the smartphone segment in which it competes. This year, in an effort to better focus the company, HTC launched a line of handsets under the brand "HTC One", which followed a similar convention to Apple with its streamlined iPhone line-up.
Apple Q3 Earnings: Apple Now Has Over $117 Billion In Cash Reserves
Apple closed its record June quarter with $117 billion in cash reserves, up from $110 billion last quarter. Crediting strong sales of almost all products as well as an improved economy. Asia-Pacific growth increased 25% this quarter (down from 100% last quarter), 2/3s of which came from China.
A mobile meltdown in Spain
Last Friday, the world’s largest mobile carrier, Vodafone (VOD), reported disappointing second-quarter numbers. While its own share price decline was a moderate 1.7%, Vodafone’s report pushed Telefonica (TEF) into an 8.5% tailspin on Friday. Telefonica’s share price has now crumbled from $30 in early 2010 to just above $11. Obviously, Spain’s economic woes are weighing on the carrier heavily, but why did Vodafone’s earnings report on Friday have such a dramatic impact? The biggest shock in Vodafone’s spring performance was the 10% revenue decline posted by Vodafone Spain. Investors knew that Spanish mobile market had been softening at an alarming pace, but some of the metrics look considerably worse than expected. At the end of June, Vodafone Spain had 17.03 million mobile
A mobile meltdown in Spain
Last Friday, the world’s largest mobile carrier, Vodafone (VOD), reported disappointing second-quarter numbers. While its own share price decline was a moderate 1.7%, Vodafone’s report pushed Telefonica (TEF) into an 8.5% tailspin on Friday. Telefonica’s share price has now crumbled from $30 in early 2010 to just above $11. Obviously, Spain’s economic woes are weighing on the carrier heavily, but why did Vodafone’s earnings report on Friday have such a dramatic impact? The biggest shock in Vodafone’s spring performance was the 10% revenue decline posted by Vodafone Spain. Investors knew that Spanish mobile market had been softening at an alarming pace, but some of the metrics look considerably worse than expected. At the end of June, Vodafone Spain had 17.03 million mobile
Microsoft Just Lost Money For the First Time Ever [Microsoft]
Microsoft just posted its fourth quarter results, and for the first time since the tech giant was founded, it lost money. But this isn't necessarly all doom and gloom the beginning of the end—not ...
Intel Earnings Up 5%, PC Market Sales Up 3% Despite Windows 8 Expectations
Intel released their 2012 Q2 earnings today, reporting revenue of $13.5 billion, up 5% from last quarter. PC market growth rose 3% to $8.7 billion. Intel blamed the slow-down on users waiting for Windows 8 before investing in new hardware.
The Data Center group saw revenue of $2.8 billion. Intel's earnings per share were flat, rising 1 cent over last quarter.
Intel Earnings Up 5%, PC Market Sales Up 3% Despite Windows 8 Expectations
Intel released their 2012 Q2 earnings today, reporting revenue of $13.5 billion, up 5% from last quarter. PC market growth rose 3% to $8.7 billion. Intel blamed the slow-down on users waiting for Windows 8 before investing in new hardware.
The Data Center group saw revenue of $2.8 billion. Intel's earnings per share were flat, rising 1 cent over last quarter.
HP beats the Street in Q2; confirms plans to cut 27,000 jobs as Q3 guidance misses
Hewlett-Packard on Wednesday reported its second-quarter earnings that beat Wall Street’s expectations. Analysts expected the computer giant to report revenue of $29.92 billion and earnings of $0.91 per share, but the company surprised analysts when it reported earnings of $0.98 per share on sales of $30.69 billion. HP also confirmed new restructuring plans that will involve 27,000 job cuts, or 8% of the company’s workforce, and it expects to save more than $3 billion as a result. “We are making progress in our multi-year effort to make HP simpler, more efficient and better for customers, employees, and shareholders,” said Meg Whitman, HP president and chief executive officer. “This quarter we exceeded our previously provided outlook and are executing against our strategy, but
Struggling HP Slashes 27,000 Jobs (Updated) [Hp]
HP's quarterly earnings may have outperformed expectations, but it's not good enough: the Silicon Valley company confirmed rumors that it would cut lots of jobs. 27,000 jobs to be precise. That's 8-perc...
Best Buy tops expectations in Q1, online revenue and mobile sales up
Best Buy on Tuesday reported results for the first quarter of 2012. The electronics retail giant posted better-than-expected earnings per share, despite declining store sales. Revenue came in at $11.6 billion, ahead of analysts’ consensus of $11.52 billion, and non-GAAP earnings came in at $0.72 per share, up 11% from the same quarter in 2011 and beating the Street’s estimates of $0.59 per share. Domestic online revenue rose by 20%, and domestic mobile-phone sales increased by 13%. “Best Buy is in a turnaround, and the strategic priorities we laid out at the beginning of the year are just the first phase of the changes to come,” said Mike Mikan, CEO (interim) of Best Buy. “We know we have to better
If I could only have one MacBook (which is usually the case for your average laptop-buyer), this is the one I'd pick,