The disruptive innovation comment from CEO Meg Whitman likely revolved around Project Moonshot, the company's ARM-based server designed for hyperscale environments.
HP reported first-quarter earnings of $1.6 billion, or 63 cents a share, on revenue of $28.4 billion, down 6 percent from a year ago. Non-GAAP earnings in the first quarter were 82 cents a share. Wall Street was looking for first-quarter earnings of 71 cents a share on revenue of $27.… Read more
The company, which recently announced plans to go private in a leveraged buyout, reported earnings of $530 million, or 30 cents a share, on revenue of $14.31 billion, down 11 percent from a year ago. Non-GAAP earnings in the fourth quarter were 40 cents a share.
Wall Street was expecting fourth-quarter earnings of 39 cents a share on revenue of $14.12 billion.
For fiscal 2013, Dell reported earnings of $2.37 billion, or $1.35 a share, on revenue … Read more
Nvidia today reported fiscal fourth-quarter earnings that were better than analysts expected, and its revenue for the period ended January 27 was in line with its earlier projection. However, Nvidia's revenue forecast for the current quarter -- $940 million, plus or minus 2 percent -- was less than the $1.07 billion analysts had been expecting.
"The guide clearly isn't all that great for them...and a part of that is definitely … Read more
Nintendo investors aren't the only ones bummed by Wii U's uptake.
Speaking yesterday during an earnings call with investors, Activision Blizzard CEO Robert Kotick said he was "somewhat disappointed with the launch of the Wii U." That dagger came just minutes after Kotick acknowledged that his company faced "challenges from slower-than-expected adoption of the Wii U."
It's no secret that the Wii U has faced some trouble since its release in November. Last month, Nintendo released its earnings for the nine-month period that ended December 31 and revealed that the company mustered only … Read more
AOL eked out just a 4 percent gain in sales last quarter, but it was the first sign of revenue growth in the past eight years.
For the final quarter of 2012, the company took in revenue of $599 million, rising from $576 million in the year-ago quarter and beating analyst estimates of $573 million, according to Reuters.
AOL attributed the gain to a boost in sales from its global advertising, which grew by 13 percent from a year ago. Ad revenue from third-party networks jumped by 31 percent, while search revenue increased by 17 percent.
On the downside, subscription … Read more
Although Sony has watched its troubles mount over the last few years, the company had a strong fourth quarter, leading some to wonder if the worst is behind it.
During the fourth quarter of 2012 (Sony's fiscal third quarter), the company generated $22.4 billion in revenue, representing a 6.9 percent gain over the same period in 2011 (PDF). And although the company still lost $124 million during the period, that was far better than the $1.7 billion it lost in the fourth quarter of 2011.
Sony's improved performance came by way of its mobile products … Read more
On the day when Yelp posted less-than-rosy quarterly earnings, missing Wall Street expectations and posting a loss of more than $5 million, the company's founder and CEO took to the company's blog to boast of what he says is a major milestone: In January, Yelp saw 100 million unique visitors to its site, a first in the company's almost decade-long history.
That figure, Stoppleman wrote, doesn't even include visitors who used Yelp's mobile apps.
For the first time in Yelp history, over 100 million unique visitors came to the site in a one-month period. That'… Read more
Zynga experienced quite the free fall in 2012. Wall Street watched as CEO Mark Pincus made business decisions that ate up Zynga's money, sent more than a dozen executives fleeing and left Zynga's stock down more than 80 percent by the year's end.
Wall Street is watching again today, as the social-gaming company releases its latest quarterly earnings. Last quarter, the company reported a loss of $52.7 million. Zynga has tried to pick up the pieces in recent months, cutting costs through layoffs and shuttering failing games.
The stock tumbled almost 4 percent yesterday -- $2.… Read more
Taiwanese firm HTC said Monday that it expects profit margins to continue sliding in the wake of increased competition by rival firms including Apple and Samsung.
HTC says that it expects revenue to drop by 17 percent in the three months leading to March 31, based on results from the fourth quarter of 2012, which is worse than forecast by analysts.
The smartphone maker expects first-quarter revenue of between NT$50 billion to NT$60 billion (US$1.69 billion to US$2.03 billion). According to Reuters, this figure is lower than analyst forecasts of NT$62.77 in … Read more
When it came to Facebook's newfound health on mobile, they shared lots. So much, in fact, that it obscured hot topics such as the engagement potential of the just-rolled-out Graph Search; Facebook Gifts; and the Instagram backlash over the terms of service mess.
Intentional oversights? Absolutely. Wise withholdings? The jury's still out as investors consider -- maybe guess is a better … Read more
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