News tagged with quarter earnings

Groupon fails to turn profit as revenue grows

Daily deals site Groupon on Wednesday issued its first earnings report as a publicly traded company, saying it failed to turn a profit despite revenue nearly tripling from a year earlier.

Technology / Business

created Feb 08, 2012 | popularity not rated yet | comments 0

Cisco beats estimates with 2Q earnings, sales (Update)

(AP) -- Cisco, the world's largest maker of computer networking equipment, on Wednesday said that its net income jumped 44 percent in the latest quarter as it continues to put last year's slump behind it.

Technology / Business

created Feb 08, 2012 | popularity not rated yet | comments 0

Washington Post offering buyout to news staff

The Washington Post announced a voluntary buyout for some newsroom staff on Wednesday, citing the difficult economic climate for the newspaper industry.

Technology / Business

created Feb 08, 2012 | popularity not rated yet | comments 0

Sony's Hirai to replace Stringer as CEO in April

(AP) -- Sony Corp. announced Wednesday that Kazuo Hirai, who leads the company's core consumer products business, will replace Howard Stringer as CEO and president effective April 1, as the electronics and ...

Technology / Business

created Feb 01, 2012 | popularity not rated yet | comments 1

Apple shares soar, edges ExxonMobil in market cap

Apple shares soared on Wednesday following blockbuster quarterly earnings and the California gadget-maker leapfrogged over ExxonMobil to become the largest US company in terms of market value.

Technology / Business

created Jan 25, 2012 | popularity 1 / 5 (4) | comments 2

Apple doubles iPhone sales in 1Q (Update)

The iPhone is taking over Apple. For the first time, the device that changed how people use mobile phones, accounts for more than half of the behemoth company's sales.

Technology / Business

created Jan 24, 2012 | popularity 1.8 / 5 (5) | comments 1

EBay reports higher 4Q earnings, revenue (Update)

(AP) -- EBay reported on Wednesday that its net income grew sharply in the fourth quarter, helped by a gain from the sale of its remaining investment in Skype. Its results beat Wall Street's expectations, ...

Technology / Business

created Jan 18, 2012 | popularity not rated yet | comments 0

Samsung tips record Q4 operating profit of $4.5bn

Samsung Electronics said Friday it expects a record operating profit in the fourth quarter of 5.2 trillion won ($4.5 billion), 73 percent up year-on-year thanks mainly to strong smartphone sales.

Technology / Business

created Jan 06, 2012 | popularity not rated yet | comments 0

Oracle misfires in fiscal 2Q, raising tech worries

Oracle's quarterly earnings missed analyst estimates as the business software maker struggled to close deals, signaling possible trouble ahead for the technology sector.

Technology / Business

created Dec 20, 2011 | popularity not rated yet | comments 0

Lam Research buying Novellus Systems in $3.3B deal

Semiconductor equipment maker Lam Research Corp. is buying rival Novellus Systems Inc. for $3.3 billion in stock, the companies announced Wednesday.

Technology / Business

created Dec 15, 2011 | popularity not rated yet | comments 0

Viacom 4Q earnings, revenue up on 'Transformers'

(AP) -- Viacom says it turned the success of "Transformers: Dark of the Moon" into a pile of money in its latest quarter, as earnings tripled and revenue grew 22 percent.

Technology / Business

created Nov 10, 2011 | popularity not rated yet | comments 0

Cisco's latest results show signs of turnaround

(AP) -- Cisco Systems Inc., the world's largest maker of computer networking gear, is showing signs of pulling a turnaround, exceeding analyst sales expectations for the second quarter in a row.

Technology / Business

created Nov 09, 2011 | popularity not rated yet | comments 0

Qualcomm reports stronger results, forecast

(AP) -- Qualcomm, a chipmaker for mobile phones, is reporting stronger-than-expected quarterly results driven by rising smartphone demand.

Technology / Business

created Nov 02, 2011 | popularity not rated yet | comments 0

Taiwan smartphone maker HTC reports profit jump

Taiwan smartphone maker HTC Corp. says its third quarter earnings grew 68 percent from the same period last year, with shipments reaching 13 million handsets.

Technology / Business

created Oct 31, 2011 | popularity 5 / 5 (1) | comments 0

Wind turbine maker's shares tumble on profit alert

Shares in Danish company Vestas, the world leader in the wind turbine industry, plunged by 20 percent on Monday after the company issued a full-year profit warning over delays on several projects.

Technology / Business

created Oct 31, 2011 | popularity 5 / 5 (1) | comments 0