earnings

Verizon: We sold 6.2M iPhones in the fourth quarter

Verizon Wireless activated 6.2 million iPhones in the fourth quarter, according to Chief Financial Officer Fran Shammo.

A vast majority of the remaining 3.6 million smartphones activated in the period were Android devices, Shammo said during a conference call with analysts today following the release of the company's fourth-quarter earnings report.

Because it got the iPhone late, Verizon has done a better job diversifying its smartphone sales than rival AT&T, which still heavily relies on Apple's flagship smartphone for growth. But with the launch of the iPhone 5, even Verizon saw a shift toward … Read more

Verizon Q4 loss doubles, pushed by Sandy, pension costs

Superstorm Sandy and mounting pension costs took a toll on Verizon.

The New York telecommunications provider posted a fourth-quarter loss of $4.22 billion, or $1.48 a share, compared with a year-ago loss of $2 billion, or 71 cents a share. The results were affected by costs associated with Superstorm Sandy, which devastated the Northeast region late last year, and by a change in the valuation of its pension liabilities owed to its employees. On an adjusted basis, the company earned 38 cents a share.

The pension liabilities cut into earnings by $1.55 a share, while the early … Read more

Apple's first 2013 earnings to be closely watched

Apple reports its first-quarter earnings this week, and the results could not be more closely watched for signs of the company's health and future.

The story is well-known by now. Shares of Apple's stock have been on the decline, going from $702 in late September to a close at an even $500 last week. That's a 28.4 percent drop in just over four months. Positive results -- and a look ahead when Apple puts out its numbers Wednesday -- could turn that trend.

Apple forecast $52 billion in revenue and earnings of $11.75 per share … Read more

Intel's quarterly results again show how dismal PCs are right now

The computer market sure isn't something to cheer about right now, and Intel's most recent quarterly results and forecast aren't much different.

While the company's fourth-quarter per-share earnings and gross margins topped analysts' expectations, Intel's financial results across the board still came in below the year-earlier numbers. And the Santa Clara, Calif., company, which provides processors for the majority of the world's PCs and servers, also projected first-quarter and 2013 results that were a little weaker than anticipated.

As if that wasn't enough, Intel also disclosed it's going to spend a pretty … Read more

Samsung expects fourth-quarter profit of $8.3B -- another record

Samsung Electronics, the world's largest consumer electronics maker, expects to post another record profit when it reveals its fourth-quarter results later this month on continued strong handset sales .

The South Korean electronics giant estimated today that its fourth-quarter operating profit had jumped 88 percent to 8.8 trillion Korean won ($8.3 billion) over the year-ago period. The forecast, which would represent a fifth consecutive record quarterly profit, beats analysts' expectations of a 8.7 trillion won profit.

The company, which also estimated its fourth-quarter sales at 56 trillion won ($52.6 billion), will announce its results on January … Read more

HTC Q4 profit, sales plunge amid holiday crush

Apparently, the worst isn't over for HTC.

The Taiwanese company today reported that its fourth-quarter profit fell more than 90 percent to 1 billion Taiwanese dollars (US$34 million) from more than 10 billion Taiwanese dollars a year ago. Sales fell roughly 40 percent to 60 billion Taiwanese dollars.

The poor results mark the lowest profit in eight years for HTC, according to Bloomberg, and further illustrate the difficult position that it continues to be in. The results come despite having a flagship smartphone at Verizon Wireless in the Droid DNA, as well as the marquee smartphone for Windows … Read more

Apple to report first-quarter earnings on January 23

Apple said today that it will announce its fiscal first-quarter financial results on January 23.

The quarter is typically Apple's strongest, fueled by strong sales of the company's products during the lucrative holiday shopping season.

When announcing its fourth-quarter results last October, Apple said it expected revenue of $52 billion and projected earnings of $11.75 per share for its first quarter of 2013. Wall Street's expecting Apple to beat that with $54.5 billion in revenue, on earnings of $13.32 per share.

Much of that tally is expected to be buoyed by sales of the … Read more

Oracle turns in a mixed bag in 2nd-quarter results

Oracle today reported better-than-expected second-quarter earnings, revenue that was lighter than estimates, and hardware system product sales that fell 23 percent from a year ago.

In other words, Oracle's quarter was a mixed bag (preview).

Oracle reported second-quarter earnings of $2.6 billion, or 53 cents a share, on revenue of $9.1 billion, up 3 percent from a year ago. Non-GAAP earnings were 64 cents a share.

Wall Street was expecting Oracle to report second-quarter earnings of 61 cents a share on revenue of $9.02 billion.

New license and cloud revenue was up 17 percent in the … Read more

Pandora shares plummet after hours on weak outlook

Pandora Media, the company behind the Web's largest radio service, saw its share price drop nearly 20 percent in after-hours trading this evening.

The company's dismal forecast spooked Wall Street, which was already growing skeptical of the company's business model. Pandora shares declined 18 percent, or $1.71, to $7.74. When Pandora went public earlier this year, the company's shares changed hands at more than $16.

Pandora reported net income of just over $2 million, or a penny a share, on sales of $120 million in its fiscal third quarter, which ended Oct. 31. That … Read more