The company's results got a pick-me-up from an after-tax gain stemming from adjustments to its pension and benefit plans.
The latest forecast from IDC for smart connected devices sees 1.7 billion shipping in 2014, with around 1 billion of those arriving in emerging markets.
The deal is expected to benefit Oracle as its business customers move to all-IP networks.
The much-rumored smartwatch might add more revenue to Apple's coffers than did the iPhone or iPad during their first years, says analyst Katy Huberty.
The acquisition is designed to help SanDisk go deeper into selling flash memory to business customers.
Analysts were expecting a loss of $784 million in the second quarter. Shipments of 4 million Lumia smartphones did not save the day, though investors reacted with enthusiasm.
The social network surprises again with just how much money it can make from its mobile ad initiatives.
According to research firm Ovum, the smartphone market will see a compound annual growth rate over the next several years of 25 percent.
At Google's I/O Conference, the company says 20 billion text messages were sent each day from Android devices over a 30-day period.
The first three months of 2014 proved fruitful for Facebook as it brought in $2.5 billion in total revenue with extra help from an audience of more than 1 billion people on mobile.