earnings

Zuckerberg's steady hand paying dividends in latest Facebook earnings

When Facebook CEO Mark Zuckerberg and his top lieutenants talked with Wall Street analysts Wednesday perhaps the only real surprise was that there were no surprises.

Facebook, it would appear, has blossomed into your average public company with a steadily growing business. Its formidable captain, who has been able to right a ship that was all but upside down just one year ago, now looks the only man for the job.

The social network had a solid quarter with revenue of $1.46 billion, good enough to beat analyst estimates. It posted acceptable, though not great, earnings per share of … Read more

Facebook's Q1 by the numbers

Facebook's Q1 results are in and there's food for both bulls and bears to chew over. One bullet point in particular stands out: The number of people using the social network via smartphones and tablets soared 54 percent from a year earlier. Here's the year-over-year comparison to the same quarter in 2012. (We'll update the stats after Facebook's conference call gets underway this afternoon.)

Daily active users: 665 million, up 26 percent Monthly active users: 1.11 billion up 23 percent Mobile monthly active users: 751 million, up 54 percent Instagram: 100 million monthly active … Read more

Facebook's Q1 rides mobile surge, with slight earnings miss

Facebook reported first-quarter 2013 earnings that were close to Wall Street's expectations.

The social network came in with earnings per share of 12 cents, excluding one-time items, and revenue that grew 38 percent to $1.46 billion compared to the same quarter one year ago. The company said mobile advertising accounted for around 30 percent -- which amounts to about $375 million -- of its advertising revenue for the quarter. Revenue from advertising in the quarter totaled $1.25 billion, or 85 percent of total revenue.

Facebook had 1.11 billion monthly active users as of March 31. The … Read more

Amazon's slim profits beat analyst expectations

Even as Amazon keeps spending to expand operations, its first quarter results, announced Monday, beat analysts' earnings expectations.

Net income dropped 37 percent to $82 million, or 18 cents a share. That still topped analyst expectations of 9 cents a share. Sales climbed 22 percent to $16.1 billion just a smidgen below consensus expectations of $16.2 billion.

The online retail giant is seemingly always in investment mode, and this quarter was no exception. The company acquired Goodreads, a social network for people who love books. It inked new deals for its Prime Instant Video service with A+E … Read more

Zynga revenue drops 18 percent as player base shrinks

Zynga posted a small profit in the first quarter of 2013, earning 1 cent per share and bringing in $263,589 in revenue, the company reported Wednesday.

That beats expectations, but is down 18 percent from the same period last year. Bookings brought in $230 million, which is down 30 percent from the previous year.

Some Wall Street analysts expected the company to report a loss of 4 cents per share with a revenue of $209.79 million, according to Nasdaq. The company's own expectations was a loss of 5 to 4 cents a share with revenue between $255 … Read more

Qualcomm posts record 2Q rev but earnings view disappoints

Qualcomm today reported record fiscal second-quarter revenue and boosted its forecast for the full year, a reflection of its dominant position as a supplier of chips for smartphones and tablets.

However, the San Diego chipmaker also projected weaker-than-anticipated fiscal third-quarter per-share earnings, causing shares to drop 6.9 percent to $61.45 in after-hours trading.

The forecast raised worries that Qualcomm's expenses are increasing at a time the average selling price of devices is falling. Qualcomm generates a significant amount of its earnings from royalties for its 3G code division multiple access technology, and the price of devices impacts … Read more

Sprint's critical turning point: The death of Nextel

For Sprint Nextel, it's darkest before the dawn.

Sprint is slated to decommission the Nextel network at the end of June, finally putting to rest one of the worst mergers in corporate history and ridding itself of an awkward dual-network structure that put a hefty, unnecessary burden on the company.

But before Sprint can declare mission accomplished on a turnaround, it'll have to deal with what will undoubtedly be an ugly second quarter.

Sprint earlier Wednesday reported first quarter results that showed a narrower loss and a healthy increase in its adjusted operating earnings. However, a weak performance … Read more

Sprint's Nextel defection drives 415,000-subscriber loss in Q1

Sprint continues to undergo the painful and awkward transition of shutting down its Nextel network.

The Overland Park, Kan., wireless provider on Wednesday reported a first-quarter loss of $643 million, or 21 cents a share, compared with a loss of $863 million, or 29 cents a share, from a year ago.

Revenue, meanwhile, edged up slightly to $8.79 billion from $8.73 billion a year ago.

The results compare to the loss of 33 cents a share and revenue of $8.71 billion that analysts had projected, according to Thomson Reuters.

Sprint lost a net 415,000 subscribers in … Read more

Cook promises 'amazing' Apple products in the fall

Apple CEO Tim Cook said Tuesday that the company will announce some new products this fall but wouldn't offer any specifics.

"Our teams are hard at work on some amazing new hardware, software and services that we can't wait to introduce this fall and throughout 2014," he said during the company's earnings call Tuesday afternoon. But apparently, he can wait.

When asked by an analyst if this meant Apple won't release any other new products until fall, Cook wouldn't dish.

"I don't want to be more specific, but I'm just … Read more