earnings reports

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Nintendo Will Lose Money on Every Wii U Sold

Company joins Sony, Microsoft in giving up some profit

(Newser) - Nintendo will be selling its upcoming Wii U console at a loss, the company revealed yesterday, as it cut its profit forecast. Nintendo is expecting the move to pay off in the long run, through sales of additional hardware, and future cuts in its production costs, the BBC explains. "...

Apple's Samsung Apology Mocks 'Not as Cool' Tablet

Uses judge's own words in public posting

(Newser) - Remember when Apple was ordered to post an embarrassing mea culpa on its UK website, proclaiming publicly that Samsung didn't copy the iPad? Well, Apple has complied —and in the court-ordered 14-point font —but with a distinct lack of contrition, quoting extensively from the judge's ruling...

Apple, Amazon Miss Wall Street Expectations

Apple's iPad sales fall short of estimates

(Newser) - Apple and Amazon issued earnings reports that fizzled on Wall Street today:
  • Apple: It missed Wall Street expectations for the second straight quarter, as iPad sales fell short of forecasts. Net income in the fiscal fourth quarter was $8.2 billion, or $8.67 per share. That was up 24%
...

Today&#39;s Newsy Meme: &#39;Pending Larry&#39;
Today's Newsy Meme:
'Pending Larry'

Today's Newsy Meme: 'Pending Larry'

Twitter account springs up to poke fun at earnings miscue

(Newser) - Google and its printer are learning what it's like to make a public gaffe in the age of Twitter. After the company's disappointing earnings were released hours early by accident—complete with the line, "PENDING LARRY QUOTE," referring to co-founder Larry Page—the Internet pounced, reports...

Barclays Execs Under Another Investigation

And bank set aside hundreds of millions for misselling derivatives

(Newser) - Barclays raised a whole bunch of eyebrows when it released its earnings today—and in the process revealed, among other things, that current and former senior executives were under an investigation totally unrelated to the Libor. UK regulators are looking into whether the bank sufficiently disclosed details of the $11....

Facebook Beats Estimates in First Earnings
 Facebook Beats Estimates in First Earnings
Earnings

Facebook Beats Estimates in First Earnings

Though company lost $157M overall

(Newser) - Facebook reported its first quarterly earnings since going public today, and though the company lost $157 million, or 8 cents per share, it performed better than analysts were expecting, Bloomberg reports. Facebook's total revenues rose to $1.18 billion on strong advertising sales, meaning that if not for "...

Zynga Plummets, Points Finger at Facebook

Shares fall after 2nd quarter report

(Newser) - Yet another disappointing set of second-quarter financial results—this time from Zynga. The maker of social games, whose 2011 IPO was one of the Internet’s biggest ever , lost $22.8 million during the quarter, reported less-than-expected revenue of $332 million, and issued a very weak forecast for the...

Netflix Profit Plummets 91%
 Netflix Profit Plummets 91% 

Netflix Profit Plummets 91%

Higher subscription costs hurt second quarter earnings

(Newser) - Apple isn't the only one who has hit a rough patch —Beleaguered Netflix is also taking a drubbing after posting a 91% drop in net income for the second quarter. Shares responded by dropping almost 15% in after-hours trading yesterday. The company’s decision to separate its DVD-by-mail...

Apple Earnings Disappoint


 Apple Earnings Disappoint 

Apple Earnings Disappoint

Company posts gains but fails to meet analyst expectations

(Newser) - Apple says its growth slowed in the most recent quarter, disappointing investors who thought its progress was unstoppable. In both revenue and net income, Apple posted the smallest increases in years for the April to June period, failing to meet analyst expectations.

Microsoft Posts First Loss; Google's Earnings Rise

Software maker has never had a quarterly loss before

(Newser) - Two different outcomes today for two tech giants:
  • Microsoft: The company said that an accounting adjustment to reflect a weak online ad business led to its first quarterly loss in its 26 years as a public company. Microsoft took a $6.2 billion charge because its 2007 purchase of online
...

JPMorgan Trading Loss Worse Than Expected, But...
JPMorgan Trading Loss Worse Than Expected, But...
Earnings

JPMorgan Trading Loss Worse Than Expected, But...

...It barely dented the firm's Q2 profits

(Newser) - JPMorgan reported a $4.4 billion trading loss this morning, a figure far worse than analysts were expecting, in the wake of the "London Whale" fiasco. That drove the bank's earnings down 8.7%, but still left it with $4.96 billion in profit for the second quarter,...

Apple Beats Expectations Again, Sells 35M iPhones

Earnings nearly doubled from a year ago

(Newser) - Apple, the world's most valuable company, is trumping skeptics once again by reporting blow-out iPhone sales. Apple says it sold 35 million iPhones in the quarter, almost twice as many as it sold a year ago and above analyst expectations. Company shares were down before the report because investors...

Guess How Much Facebook Makes Off You?

A little less than 5 bucks, according to their latest earnings

(Newser) - Ever wonder how much money you're worth to Facebook? Earlier we reported that the social network supreme had a really lousy quarter , but Tech Crunch dug deeper into the numbers and did this interesting bit of math: Facebook reported having 901 million users and $1.058 billion in revenue....

Facebook Reports Lousy Q1 Ahead of IPO

Revenue and profit dip, scaring analysts

(Newser) - People planning on snapping up Facebook shares in its upcoming IPO got a nasty surprise as the company announced its first quarter-to-quarter revenue and profit slide in at least two years. Facebook blamed the drop on seasonal advertising trends, but "it was a much faster slowdown than we would...

VW Reports Record Profit
 VW Reports Record Profit 

VW Reports Record Profit

Net earnings more than double

(Newser) - Volkswagen reported a record annual profit today, as its net income more than doubled last year. The company sold 8 million vehicles for the first time in its 75-year history, the New York Times reports. While its full report won't be out until March 12, initial numbers released today...

Chrysler Roars to $225M Profit

Finishes first profitable year since its bankruptcy

(Newser) - Call it a comeback if you want, because it looks like Chrysler is finally back on its feet. Detroit's smallest automaker posted a $225 million profit today to complete its first profitable year since its bankruptcy and bailout in 2009, the New York Times reports. The profit came on...

Google Earnings Disappoint
 Google Earnings Disappoint 

Google Earnings Disappoint

Shares plunge after rare miss on analysts' estimates

(Newser) - What was supposed to be a celebration of the most prosperous quarter in Google's 13-year history instead turned into a major letdown. The disappointment came with today's release of fourth-quarter earnings that showed the Internet search leader fetched less money per click on its ubiquitous online ads. That...

Goldman Posts $428M Loss
 Goldman Posts $428M Loss 

Goldman Posts $428M Loss

It's the second time it's ever lost money as a public company

(Newser) - It was a bad three months to be a vampire squid: Goldman Sachs reported a $428 million third-quarter loss today, or 84 cents a share—far worse than the 16 cents per share that analysts were expecting, according to Reuters . The blow came largely thanks to $2.48 billion in...

Apple Profit Shoots Up 125%



 Apple Profit Shoots Up 125% 

Apple Profit Shoots Up 125%

...and that's without any new product launches

(Newser) - Apple shocked analysts yesterday by posting a whopping 125% leap in its fiscal third-quarter profits—a feat it achieved without releasing any major new products in the past six months. And with a number of new products scheduled for the second half of 2011, this could be just the tip...

Apple's Revenue Surges on Brisk iPad Sales

But Steve Jobs news overshadows earnings report

(Newser) - Apple said its net income for the most recent quarter rose 78% as holiday shoppers snapped up more iPads than analysts anticipated. The company sold more than 7 million iPads, about a million more than expected. It also sold more than 16 million iPhones in the quarter. The rosy news...

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