earnings

Lenovo scores record sales amidst PC industry slump

Lenovo seems to be the only top PC vendor bucking the trend of sour sales.

The Hong Kong-based company today reported record results for its fiscal year that ended March 31. For the year, Lenovo captured sales of $34 billion, a 15 percent increase from the prior year. Earnings hit $635 million, up 34 percent. And its PC shipments grew by 10.2 percent, compared with an overall industry drop of 8.1 percent.

Lenovo's 15.5 percent market share for the year put it in within reach of stealing the top spot from Hewlett-Packard. A recent report from … Read more

HP's Q2 revenue slips, but Whitman looks ahead

Leading up to Hewlett-Packard's second-quarter earnings report after the bell on Wednesday, analysts were expecting a mixed bag.

They got one.

The tech giant reported earnings of $1.1 billion, or 55 cents per share. Non-GAAP earnings were 87 cents per share on a revenue of $27.6 billion.

Wall Street was expecting earnings of 81 cents a share on revenue of $28 billion for the second quarter.

Out of the six core segments highlighted in the second quarter report, only the software group posted a positive revenue mark as the support team was up by 12 percent annually. … Read more

PC slump hits Dell earnings

As the PC market continues to spiral downwards, the world's third-largest PC maker is tumbling down with it.

Dell on Thursday reported its first-quarter earnings five days earlier than expected, due to a report by The Wall Street Journal detailing leaked numbers on Monday.

The PC make reported $372 million on revenue of $14.07 billion, or 21 cents a share.

According to average analyst estimates compiled by Thomson Reuters, Dell was expecting to report net income of $607.1 million on revenue of $13.5 billion, or 35 cents per share.

The Journal said Dell would exceed revenue … Read more

Sony records its first net profit in five years

Sony returned to the black for the first time in five years, thanks largely to one-time gains from the sale of assets rather than its core consumer electronics products.

The Japanese electronics giant on Thursday reported a net profit of $458 million in the 2012 financial year ending March 31 compared with a loss of $5.7 billion the year earlier (PDF). It also recorded an operating profit of $2.45 billion in 2012 compared with a loss of $820 million last year.

The company recorded $72 million in sales, a meager increase of 4.7 percent over the previous … Read more

Tesla hits first profitable quarter ever

In his quarterly earnings letter to shareholders on Wednesday, Tesla CEO Elon Musk announced that "Tesla reached profitability in the first quarter of 2013 for the first time in our 10-year history."

Not only did the electric car company exceed analyst expectations, but Musk said (PDF) Tesla even outdid its own expectations for deliveries and gross margin. The company reported adjusted earnings of 12 cents per share on revenue of $562 million, which is far higher than the expected 3 cents per share. Its profit was $11 million after charges.

Tesla's total revenue for the first quarter … Read more

AOL profit rises thanks to boost in ad revenue

AOL has continued to shed subscribers but managed to turn a decent profit last quarter thanks mostly to its advertising trade.

The online Internet provider scored a 9 percent increase in global advertising revenue for the first quarter, compared with the year-ago quarter. Global display revenue climbed by 8 percent year over year thanks to 6 percent growth in the U.S. and ongoing double-digit growth abroad.

AOL also saw a 9 percent rise in search revenue due to gains in global queries and higher revenue per search at AOL.com.

"Growth continues at AOL," AOL CEO Tim … Read more

LinkedIn beats Street, but stock takes a dive

LinkedIn earned 45 cents per share on revenue of $324.7 million in the first quarter, up 72 percent from the year-ago quarter. Though the results were good enough to handily beat analyst estimates, LinkedIn's shares are down around 10 percent in after-hours trading.

The professional social network, which now counts 225 million members, posted net income of $22.6 million.

"Q1 was a strong quarter for LinkedIn with member engagement and financial results reaching record levels," CEO Jeff Weiner said in a statement. "We remained focused on delivering great products that increasingly make LinkedIn the … Read more

HTC Q1 profit plunges 98 percent, despite HTC One launch

The HTC One launched too late to save the Taiwanese company's first-quarter results.

Net profit for the handset maker tumbled to NT$85 million ($2.85 million) from NT$4.5 billion ($152 million) a year ago, a drop of 98 percent.

It's the company's lowest quarterly profit since 2004. Revenue plunged too, to NT$42.8 billion from NT$67.8 billion, the company confirmed in Thursday's earnings call.

The company did not reveal how many units of the HTC One it has so far sold, but said it expected revenues to jump in the … Read more

Zuckerberg's steady hand paying dividends in latest Facebook earnings

When Facebook CEO Mark Zuckerberg and his top lieutenants talked with Wall Street analysts Wednesday perhaps the only real surprise was that there were no surprises.

Facebook, it would appear, has blossomed into your average public company with a steadily growing business. Its formidable captain, who has been able to right a ship that was all but upside down just one year ago, now looks the only man for the job.

The social network had a solid quarter with revenue of $1.46 billion, good enough to beat analyst estimates. It posted acceptable, though not great, earnings per share of … Read more