earnings

Apple profit slips 18%, but iPhone, iPad sales stay strong

Apple surprised Wall Street today with stronger than expected earnings in its second quarter, though the company came up short in its estimates for the next one.

Apple reported earnings of $9.5 billion on $43.6 billion in sales. That was right on target with the $9.5 billion in profit and just barely above the $42.3 billion in sales that Wall Street expected. It was also above Apple's own expectations, which were between $9.23 and $10.23 per share on sales of $41 billion to $43 billion.

By comparison, Apple tallied up a higher $11.… Read more

AT&T Q1 profit edges up as it adds 291,000 net customers

AT&T on Tuesday reported a slight gain in profit amid growth powered by its tablet business.

The Dallas telecommunications provider posted a first-quarter net profit of $3.7 billion, or 67 cents a share. In the year-earlier period, it posted a profit of $3.6 billion, or 60 cents a share. Excluding the impact of the sale of its advertising business and a tax settlement, the carrier reported earnings of 64 cents a share, up from 59 cents a share from a year ago.

Revenue, meanwhile, fell 1.5 percent to $31.4 billion, also affected by loss … Read more

ARM's Q1 revenue jumps on mobile strength

It pays to be in mobile, especially if Apple and Samsung are licensing your technology, as evidenced by ARM Holdings' first-quarter results.

The U.K.-based chip architecture designer, whose technology powers the vast majority of smartphones and tablets, on Tuesday reported its sales jumped 26 percent to 28 percent, depending on the currency, to 170.3 million pounds, or $263.9 million. And its profit also soared, up 39 percent to 51.9 million pounds, or $79.4 million.

ARM also projected its full-year revenue would be "at least in line with current market expectations." Analysts pegged … Read more

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