earnings

Verizon Communications' wireless business continues to boost the company's profits as its landline business sputters, according to second-quarter earnings reports.

On Monday, Verizon reported a 12 percent increase in second quarter net income. The company reported that profits jumped to $1.88 billion in the second quarter from $1.68 billion during the same quarter a year ago. This increase came as the company only slightly grew its revenue, which was $24.12 billion for the quarter up from $23.27 billion a year ago.

Wireless once again proved to be the big growth engine for Verizon, which jointly … Read more

Chartered Semiconductor, which builds chips for companies like IBM and Samsung, says it is looking at a bleak economic picture for the coming months.

Update: Infineon Technologies, a German chipmaker, announced Friday that it would lay off 3,000 workers due to the "levels of risk in the current market conditions."

Chartered CEO Chia Song Hwee issued a cautionary statement when the company announced earnings late Thursday afternoon. "We continue to be cautious about the worsening economic situation," he said, adding that Chartered is "dealing with the challenges of...crude oil price increases" and &… Read more

Yahoo may have had some bumps in its second quarter, but it's not backing down from forecast for the rest of the year.

The Internet pioneer edged below analyst expectations for its second quarter for both revenue and earnings per share. Specifically, revenue excluding commissions increased 8 percent to $1.346 billion, shy of the $1.37 billion analysts had expected, and net income was 10 cents per share excluding various items, compared with 11 cents expected by analysts surveyed by Thomson Reuters.

Nothing major went wrong, but the company's performance ended up on the low end of … Read more

Yahoo's financial results came in lower than analyst expectations for revenue and net income, but the stock is trading higher after hours. Here are highlights from what Chief Executive Jerry Yang, President Sue Decker, and Chief Financial Officer Blake Jorgensen have to say about the second quarter during the company's conference call.

• To recap, here are Yahoo's numbers: Revenue excluding commissions increased 8 percent to $1.346 billion, shy of the $1.37 billion analysts had expected. Net income was 10 cents per share, excluding items, compared to 11 cents expected by analysts surveyed by Thomson … Read more

Yahoo's earnings for its second quarter came in 1 cent lower than expectations, with net income declining 19 percent and revenue a bit light as well, but the company called the quarter "strong."

Using generally accepted accounting principles, the company's net income decreased 19 percent from $161 million in the year-earlier quarter to $131 million. But excluding various charges, the Internet pioneer reported earnings of 10 cents per share, less than the 11 cents per share that analysts surveyed by Thomson Reuters expected.

Revenue increased 8 percent to $1.346 billion, excluding commissions called traffic acquisition … Read more

Some business sectors are definitely hurt by the current economic downturn, but major Internet sites dependent on advertising have been holding serious trouble at bay. Tuesday afternoon, investors should get a better idea whether the problems are hitting Yahoo.

The company is set to report results for its second quarter after stock market trading closes in the afternoon. Analysts surveyed by Thomson Reuters expect earnings per share of 11 cents on revenue of $1.37 billion.

But there is pessimism in the air. "Comments last week from Valueclick and Microsoft indicate the broader economic downturn is affecting online ads, … Read more

Investors punished Google for the less-than-stellar second quarter results it reported on Thursday, sending the share price down about 10 percent to $482 in Friday trading. So what went wrong?

No one thing was responsible, but a few factors combined to make a 35 percent growth in net income to $1.25 billion look like bad news.

Interest income First, the company missed expectations: net income, excluding various items, was $4.63 per share, short of the $4.74 expected by analysts surveyed by Thomson Reuters, and that's usually enough to send the stock down in after-hours trading.

But … Read more

As I listened to financial analysts grumble about how Microsoft continues to pour its hard-earned software profits back into its online services effort, I couldn't help but think that maybe Microsoft is on to something.

Wouldn't newspaper industry analysts have had the same grumbles if the Gannetts and Knight Ridders of the world had poured a huge chunk of their profits into online ventures a decade ago at a time when their ad revenues were still enjoying healthy growth? And wouldn't they now say such a move, if well done, would have been brilliant?

Newspapers have traditionally … Read more

Advanced Micro Devices has its eye on the ultra-low-cost notebook market. Dirk Meyer--the company's new CEO--and other executives discussed this and ways to make the company profitable during the company's earnings conference call Thursday.

Meyer--promoted to CEO on Thursday--made it clear that AMD is serious about the so-called Netbook market, where Intel's Atom processor has been the most successful so far. (Though Intel CEO Paul Otellini made a perplexing comment Tuesday about the Atom processor.)

Netbooks have two hallmarks: they are typically under $400 and are extremely small and light. The Asus Eee PC is the most … Read more