earnings

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

Apple admits to middle age truth: It's finally slowing down

By any measure, Apple's supercharged 2012 is making this year pretty tough. So much so that CEO Tim Cook in effect cautioned Wall Street analysts against making comparisons.

"Fiscal 2012 results were incredibly strong, and that's making it difficult," Cook said on Apple's second-quarter earnings conference call, rattling off all that made last year so good: high growth, high demand, fatter gross margins, and historically low costs for components.

And yet that's what investors do: They make comparisons to prior years and make a bet on the stock based on what the future looks … Read more

Apple's Q2: By the numbers

Wall Street will have to make up its mind about Apple's downbeat forecast for the next quarter. But the company came in ahead of estimates during its first second quarter. Here's how Apple fared in the quarter compared:<>uct:

iPhones: 37.4 million iPhones compared to 35.1 million year-over-year iPads: 19.5 million compared to 11.8 million year-over-year Macs: 3.95 million, compared to 4 million year-over-year iPods: 5.7 million compared to 7.7 million year-over-year iTunes revenue up 28% App Store now in 155 countries and 350,000 apps 91 million visitors … Read more

Apple profit slips 18%, but iPhone, iPad sales stay strong

Apple surprised Wall Street today with stronger than expected earnings in its second quarter, though the company came up short in its estimates for the next one.

Apple reported earnings of $9.5 billion on $43.6 billion in sales. That was right on target with the $9.5 billion in profit and just barely above the $42.3 billion in sales that Wall Street expected. It was also above Apple's own expectations, which were between $9.23 and $10.23 per share on sales of $41 billion to $43 billion.

By comparison, Apple tallied up a higher $11.… Read more

AT&T Q1 profit edges up as it adds 291,000 net customers

AT&T on Tuesday reported a slight gain in profit amid growth powered by its tablet business.

The Dallas telecommunications provider posted a first-quarter net profit of $3.7 billion, or 67 cents a share. In the year-earlier period, it posted a profit of $3.6 billion, or 60 cents a share. Excluding the impact of the sale of its advertising business and a tax settlement, the carrier reported earnings of 64 cents a share, up from 59 cents a share from a year ago.

Revenue, meanwhile, fell 1.5 percent to $31.4 billion, also affected by loss … Read more

ARM's Q1 revenue jumps on mobile strength

It pays to be in mobile, especially if Apple and Samsung are licensing your technology, as evidenced by ARM Holdings' first-quarter results.

The U.K.-based chip architecture designer, whose technology powers the vast majority of smartphones and tablets, on Tuesday reported its sales jumped 26 percent to 28 percent, depending on the currency, to 170.3 million pounds, or $263.9 million. And its profit also soared, up 39 percent to 51.9 million pounds, or $79.4 million.

ARM also projected its full-year revenue would be "at least in line with current market expectations." Analysts pegged … Read more