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fiscal

Yep, RIM stunk it up in the third quarter

Research In Motion reported declining profits and revenue in the third quarter as it continues its downward spiral.

For its fiscal third quarter, the Canadian mobile devices maker reported (PDF) a profit of $265 million, or 51 cents a share, compared with a year-earlier profit of $911.1 million, or $1.74 a share. Excluding one-time charges, including one taken for its unsold PlayBook tablets, the company earned $667 million, or $1.27 per share.

Revenue was $5.17 billion, a modest decline from RIM's year-earlier revenue of $5.49 billion.

Wall Street analysts, on average, had forecast earnings … Read more

Price declines, oversupply to hit solar in third quarter

The solar industry is in for a dire quarter as falling government subsidies and low volumes further drive down equipment prices at a time when oversupply has already led many sector players to lower their full-year profit outlook.

A pickup in demand for solar panels, widely expected by industry players for the second half, failed to materialize, pushing several U.S. companies, most notably panel maker Solyndra, to file for bankruptcy in recent months.

European players have been cutting their outlooks on falling demand in Germany, among them SMA Solar, the world's No.1 maker of solar inverters and … Read more

Apple's fiscal 2011 by the numbers

With Apple's fourth quarter earnings in the bag, we now have a fuller picture of how Apple's done during its entire fiscal year.

The company's current quarter, which is the first for fiscal 2012, kicked off last month.

Here's some of Apple's year by the numbers:

$108 Billion. Apple's total revenue for the year. That's 66 percent higher than Apple's total revenue from its 2010 fiscal year.

$25.9 billion. Apple's cumulative earnings for the year, or $27.68 per share. That works out to an 85 percent increase year over … Read more