earnings

BlackBerry pleads for patience after brutal quarter

BlackBerry's "solid ground" just got shakier.

The company on Friday posted a loss in its fiscal first quarter, whereas analysts had projected at profit. Compounding the negativity was the eventual disclosure that it only sold 2.7 million BlackBerry 10 devices in the quarter and saw its subscriber base fall by 4 million to 72 million.

It was a bad day for BlackBerry all around. The surprising and disappointing numbers underscore the continued challenges the company faces as it continues its slow efforts for a recovery. But with losses expected to continue piling up, some are wondering … Read more

BlackBerry narrows loss, but Wall Street had expected a profit

BlackBerry may have shown a bit of progress in sales of its new smartphones, but its loss left many industry watchers surprised and disappointed.

The Waterloo, Ontario, company on Friday posted a loss of $84 million, or 16 cents a share, in its fiscal first quarter, which ended June 1. That was narrower than the loss of $518 million, or 99 cents a share, from a year ago. Excluding one-time items, the company lost $67 million, or 13 cents a share. Revenue rose 9 percent to $3.1 billion.

Analysts, on average, expected BlackBerry to post revenue of $3.36 … Read more

AT&T forecasts gaining 500K new wireless customers in Q2

AT&T said Thursday it expects to report improved TV and Internet subscriber growth for its second quarter from the year-ago period.

The wireless carrier expects to record 500,000 new mobile-phone subscribers in the quarter, the company said in statement. While the company expects its second-quarter wireless earnings before interest and taxes to be on par with its first quarter, it said its overall margins will decline from a year ago due to "customer additions and investments in new growth opportunities."

AT&T said it still expects to record revenue growth of 2 percent in … Read more

Lenovo scores record sales amidst PC industry slump

Lenovo seems to be the only top PC vendor bucking the trend of sour sales.

The Hong Kong-based company today reported record results for its fiscal year that ended March 31. For the year, Lenovo captured sales of $34 billion, a 15 percent increase from the prior year. Earnings hit $635 million, up 34 percent. And its PC shipments grew by 10.2 percent, compared with an overall industry drop of 8.1 percent.

Lenovo's 15.5 percent market share for the year put it in within reach of stealing the top spot from Hewlett-Packard. A recent report from … Read more

HP's Q2 revenue slips, but Whitman looks ahead

Leading up to Hewlett-Packard's second-quarter earnings report after the bell on Wednesday, analysts were expecting a mixed bag.

They got one.

The tech giant reported earnings of $1.1 billion, or 55 cents per share. Non-GAAP earnings were 87 cents per share on a revenue of $27.6 billion.

Wall Street was expecting earnings of 81 cents a share on revenue of $28 billion for the second quarter.

Out of the six core segments highlighted in the second quarter report, only the software group posted a positive revenue mark as the support team was up by 12 percent annually. … Read more

PC slump hits Dell earnings

As the PC market continues to spiral downwards, the world's third-largest PC maker is tumbling down with it.

Dell on Thursday reported its first-quarter earnings five days earlier than expected, due to a report by The Wall Street Journal detailing leaked numbers on Monday.

The PC make reported $372 million on revenue of $14.07 billion, or 21 cents a share.

According to average analyst estimates compiled by Thomson Reuters, Dell was expecting to report net income of $607.1 million on revenue of $13.5 billion, or 35 cents per share.

The Journal said Dell would exceed revenue … Read more

Sony records its first net profit in five years

Sony returned to the black for the first time in five years, thanks largely to one-time gains from the sale of assets rather than its core consumer electronics products.

The Japanese electronics giant on Thursday reported a net profit of $458 million in the 2012 financial year ending March 31 compared with a loss of $5.7 billion the year earlier (PDF). It also recorded an operating profit of $2.45 billion in 2012 compared with a loss of $820 million last year.

The company recorded $72 million in sales, a meager increase of 4.7 percent over the previous … Read more

Tesla hits first profitable quarter ever

In his quarterly earnings letter to shareholders on Wednesday, Tesla CEO Elon Musk announced that "Tesla reached profitability in the first quarter of 2013 for the first time in our 10-year history."

Not only did the electric car company exceed analyst expectations, but Musk said (PDF) Tesla even outdid its own expectations for deliveries and gross margin. The company reported adjusted earnings of 12 cents per share on revenue of $562 million, which is far higher than the expected 3 cents per share. Its profit was $11 million after charges.

Tesla's total revenue for the first quarter … Read more

AOL profit rises thanks to boost in ad revenue

AOL has continued to shed subscribers but managed to turn a decent profit last quarter thanks mostly to its advertising trade.

The online Internet provider scored a 9 percent increase in global advertising revenue for the first quarter, compared with the year-ago quarter. Global display revenue climbed by 8 percent year over year thanks to 6 percent growth in the U.S. and ongoing double-digit growth abroad.

AOL also saw a 9 percent rise in search revenue due to gains in global queries and higher revenue per search at AOL.com.

"Growth continues at AOL," AOL CEO Tim … Read more