financial earnings

Apple today once again surpassed estimates, posting record revenues for its most recent fiscal quarter and beating expectations in sales of its products across the board. The company also announced that it will launch the next version of Mac OS X tomorrow.

Apple reported a profit of $7.31 billion, or $7.79 per share, for the quarter ending June 19. That's more than double what the company reported at the same time last year.

Revenue for the quarter was $28.57 billion, up nearly 82 percent from the same quarter a year ago, and another record for the … Read more

Microsoft beat Wall Street's expectations today with its fiscal second quarter earnings.

For the three months ended December 31, Microsoft earned $19.95 billion in revenue, or 77 cents per share, on $6.63 billion of net income. Analyst estimates from earlier in the week had pegged the software giant's revenues at 69 cents per share on $19.2 billion in revenue.

In the same quarter last year, Microsoft earned 74 cents per share on revenue of $19 billion, though that included $1.7 billion in sales that had been deferred from the previous quarter because of Microsoft'… Read more

Updated throughout at 3:22 p.m. PDT following Google's earnings conference call.

Google's second-quarter revenue was up 24 percent compared to last year, but the company missed analysts' targets for earnings.

Excluding traffic-acquisition costs, Google took in $5.1 billion during the quarter, which ended June 30. That compares to around $4 billion during last year's second quarter, leaving out the money Google pays to its partners for traffic. Analysts polled by Yahoo Finance were expecting $4.99 billion in revenue for the quarter.

But reaction to earnings announcements tends to focus on the negative, and … Read more

Palm may have wowed the public with the demonstration of the Pre, but unfortunately for the company, no one can buy it yet.

The company announced Tuesday that its third fiscal quarter will be dismal, as had been expected. But it will be even worse than Wall Street had thought: Palm expects to record between $85 million and $90 million in revenue for the quarter that ended last week. Analysts had been expecting Palm would take in $157 million during the quarter.

It's a simple story for Palm: although it debuted to rave reviews, the Pre isn't ready, … 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

AMD continues to stumble through another down year.

The company announced along with the release of its second-quarter earnings results Thursday that it is getting out of the handheld and digital television businesses. As has been the case for the last several quarters, AMD is continuing to lose bucketloads of money: $1.2 billion this time around.

The $1.2 billion isn't as bad as it looks at first glance, but it's still pretty bad. In order to get out of the business of making graphics chips for handhelds and digital TV processors, AMD has to take a … Read more

Nvidia's fortunes took a turn for the worse during the quarter, as slowing sales plus faulty products never add up to anything good.

The company announced Wednesday that revenue and gross margins for its second quarter will come in below its own projections, blaming a delay in the ramp of a new product, price cuts prompted by competitive pressures, and a general economic malaise. Analysts were expecting revenue of around $1.1 billion, but revenue now will be just $875 million to $900 million for its second quarter, which ends on July 27.

And then on top of that, … Read more

Palm reported sharp declines in revenue and earnings on Tuesday, as expected, but demand for its Centro smartphone is outpacing the company's ability to supply its carrier partners, according to executives.

We already knew that Palm's second-fiscal quarter, which ended November 30, was going to be a bad one. In fact, Palm has been laying off employees this month as a result of the earnings shortfall. The company confirmed the ugly numbers: It lost $9.6 million, or 9 cents a share, and revenue fell 11 percent to $349.6 million.

CEO Ed Colligan revealed that the mystery … Read more

Palm posted disappointing financial results Monday, swinging to a loss for the first time since 2003.

During the company's first fiscal quarter of 2008, which ended August 31, Palm recorded a net loss of $800,000, compared with net income of $16.5 million last year. Smart phone revenue was up 21 percent, but overall revenue was up just 1 percent from $356 million last year to $361 million this year.

Much has been made about the effect of the iPhone on Palm, but were that it's only problem. Everyone's passing Palm by these days as the … Read more