earnings

Samsung's Instinct didn't save Sprint Nextel's quarter, but the company has taken a few baby steps toward recovery.

Despite strong sales of the hot new touch-screen phone, Sprint Nextel reported yet another quarter of losses on Wednesday when it posted second quarter earnings. The Instinct went on sale in June a few weeks before Apple's much lauded iPhone 3G hit store shelves. And it was deemed an immediate success for Sprint as the phone hit record sales within the first week and has sold out of many Sprint locations.

Even though the hot selling product helped … Read more

In an investor call Wednesday, Time Warner CEO Jeffrey Bewkes focused on the old media. You probably would have, too, if you could downplay AOL's dial-up business in favor of the late Heath Ledger's acclaimed performance in The Dark Knight.

Television and film at Time Warner are indeed beating Wall Street's expectations. The record-breaking Batman film, while its financials won't be reported until the third quarter, is on track to become the second highest-grossing movie of all time (behind 1997's Titanic). At the same time, HBO miniseries John Adams was a critically acclaimed hit, the … Read more

Time Warner will indeed split its AOL access and media units starting next year, CEO Jeff Bewkes confirmed in a release announcing the company's second-quarter earnings.

It's the first time the executive has confirmed that the split will take place soon, though it's been widely talked about for months since the chief mentioned it speculatively earlier this year. What he hasn't said yet--and what some are expecting may come soon--is that Time Warner will get rid of AOL altogether, perhaps selling it to a bigger player in the online-advertising market.

It was another tepid quarter for … Read more

There's no doubt the battered economy is affecting technology bellwether Cisco Systems, but the company is looking to the future with plans for big investments across its portfolio in "adjacent markets."

On Tuesday, Cisco reported that earnings for its fourth fiscal quarter 2008 were up 4.4 percent to $2.0 billion on revenue that climbed 9.9 percent to $10.36 billion. The results were in line with analyst expectations, but were a far cry from the company's results during some of its best quarters when the economy was strong and healthy.

As for the … Read more

Two on-demand business software firms reported accelerating adoption of their suites today.

NetSuite reported second-quarter 2008 revenue of $36.6 million, up 43 percent from the same period in 2007. Net loss per GAAP was down to $3.1 million in the quarter, compared with $9.6 million in Q2 2007.

The company also announced new midmarket and enterprise customers for its ERP and CRM suites, which are delivered as Web applications. Surgical robotics company Intuitive Surgical adopted NetSuite CRM; Nestle UK used services from NetSuite to launch an online store; and sports market firm Wasserman Media Group adopted NetSuite … Read more

Shares of Nortel Networks sank as much as 17 percent on Friday after the company reported a wider second-quarter loss and warned that it faces challenges ahead.

The Canadian telecommunications equipment company posted a quarterly loss of $113 million, or 23 cents a share. That compares with a loss of $37 million, or 7 cents, a year ago. The results included $67 million in restructuring charges.

The company also warned that it faces increasing challenges amid concerns about the economy and lower spending by certain North American CDMA customers. But it asserted that revenue is expected to grow in the … Read more

Correction, 10:20 a.m. PDT: An earlier version of this story gave the incorrect quarter for the iPhone 3G's release. It was released in the third quarter of the calendar year.

Motorola surprised Wall Street Thursday by reporting a small profit and steady market share in its beleaguered handset business for the second quarter of 2008.

The key to Motorola's success for the quarter was cost-cutting and strong performance from businesses other than its handset division. As a result, the company was able to squeak out a $4 million profit, or less than 1 cent a share, … Read more

Verizon Communications' wireless business continues to boost the company's profits as its landline business sputters, according to second-quarter earnings reports.

On Monday, Verizon reported a 12 percent increase in second quarter net income. The company reported that profits jumped to $1.88 billion in the second quarter from $1.68 billion during the same quarter a year ago. This increase came as the company only slightly grew its revenue, which was $24.12 billion for the quarter up from $23.27 billion a year ago.

Wireless once again proved to be the big growth engine for Verizon, which jointly … Read more

Chartered Semiconductor, which builds chips for companies like IBM and Samsung, says it is looking at a bleak economic picture for the coming months.

Update: Infineon Technologies, a German chipmaker, announced Friday that it would lay off 3,000 workers due to the "levels of risk in the current market conditions."

Chartered CEO Chia Song Hwee issued a cautionary statement when the company announced earnings late Thursday afternoon. "We continue to be cautious about the worsening economic situation," he said, adding that Chartered is "dealing with the challenges of...crude oil price increases" and &… Read more