LG Earnings Q2 2014

Flagship G3 drives record smartphone sales for LG

By on July 24, 2014 at 6:30 PM.

Flagship G3 drives record smartphone sales for LG

BGR recently reviewed LG’s new flagship G3, which just launched last week in the United States. We called the phone Android’s new king, supplanting Samsung’s lackluster Galaxy S5, which has been something of a disappointment for many consumers and for Samsung’s bottom line. While LG has a long way to go before it catches up to Samsung in terms of shipments, the company on Thursday reported record smartphone sales for the second quarter. More →

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AT&T Earnings Q2 2014

AT&T beats estimates in Q2, adds 700,000 net new smartphone subscribers

By on July 23, 2014 at 4:05 PM.

AT&T beats estimates in Q2, adds 700,000 net new smartphone subscribers

Following the solid quarter Verizon posted on Tuesday, AT&T on Wednesday reported its results for the second quarter. Wall Street was expecting a slight on-year decline in EPS, with consensus earnings of $0.65 seen on revenue totaling $33.22 billion, an improvement over the $32.1 billion in sales it posted in the June quarter last year. The numbers are now in, and AT&T beat expectations, having reported earnings of $0.68 per share on revenue of $32.6 billion. More →

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Apple Earnings Q3 2014

Apple posts monster Q3 profit on $37.43 in revenue, beats estimates

By on July 22, 2014 at 4:31 PM.

Apple posts monster Q3 profit on $37.43 in revenue, beats estimates

Apple’s stock has been soaring lately, up more than 24% over the past three months. Shares took off in late April when Apple announced a 7-for-1 split that would take place in early June, and the stock has kept climbing gradually ever since, inching closer to an all-time high that now sits just north of $100 after adjusting for the split. And if Apple managed the blowout quarter some industry watchers are expecting it to report on Tuesday afternoon, $100 might not be far behind. More →

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MIcrosoft Earnings Q4 2014

Microsoft misses Q4 estimates with earnings of $0.55 per share on $23.38 billion in sales

By on July 22, 2014 at 4:04 PM.

Microsoft misses Q4 estimates with earnings of $0.55 per share on $23.38 billion in sales

Microsoft posted strong fiscal third-quarter earnings back in April, which helped carry the positive sentiment we’ve seen since Satya Nadella took over as CEO. Shares are now up about 12% over the past 12 months, having been given an extra boost when news leaked that Microsoft plans to eliminate 18,000 jobs, 12,500 of which will come from the Nokia devices and services business that Microsoft acquired recently. More →

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Verizon Earnings

Verizon reports solid Q2 results as tablets offset slowing smartphone sales

By on July 22, 2014 at 7:50 AM.

Verizon reports solid Q2 results as tablets offset slowing smartphone sales

Verizon on Tuesday posted second-quarter results that topped Wall Street’s expectations as huge tablet sales offset the continued decline of cell phone contract additions. Verizon posted earnings of $1.01 per share, or $4.34 billion in profit, which is down significantly from the $5.2 billion profit it recorded in the year-ago quarter. Revenue climbed nearly 6% to $31.48 billion, however. The nation’s top carrier only added 304,000 net new cell phone subscribers in the quarter, but 1.15 million new tablet additions certainly helped to bolster the company’s results. More →

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Samsung Earnings Q2 2014

Samsung’s Q2 profit plummets to two-year low; stock climbs

By on July 8, 2014 at 6:50 AM.

Samsung’s Q2 profit plummets to two-year low; stock climbs

Samsung on Tuesday morning reported unaudited financial results for the second quarter that badly missed analysts’ estimates. The company said that it expects second-quarter operating profit to fall to 7.2 trillion won, or approximately $7.1 billion, versus analysts’ expectations of 8.6 trillion won. That figure marks a massive 24% decline from the year-ago quarter. Samsung also said that it expects June-quarter revenue to decline 10% to 52 trillion won, or approximately $51.4 billion. More →

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HTC Earnings Q2 2014

HTC returns to profit in Q2 as steep climb begins

By on July 3, 2014 at 8:15 PM.

HTC returns to profit in Q2 as steep climb begins

Thanks in part to sales of its flagship HTC One (M8) smartphone, HTC has delivered on its promise and returned to profit in the second quarter. The struggling handset maker on Thursday reported preliminary unaudited financial results for the June quarter, noting a narrow $75 million profit on revenue totalling just under $2.2 billion. The good news is that the company finally managed to return to a profit, but the bad news is that revenue is still sliding. In other words, sales are still sputtering but HTC’s recent cost-cutting measures have had a clear impact. More →

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Apple Q3 2014 Predictions

The iPhone is more important to Apple than ever before

By on July 2, 2014 at 10:30 PM.

The iPhone is more important to Apple than ever before

Apple is announcing its third-quarter earnings on July 22nd, but in the meantime we’ll have to be satisfied with hearing the projections of various financial analysts. Today’s latest predictions come from Maynard Um at Wells Fargo Securities, and in a report picked up by AppleInsider, he projects that Apple will beat Wall Street predictions and have another record quarter based almost solely on the strength of iPhone sales.

More →

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BlackBerry Earnings Q1 2015

BlackBerry posts narrower than expected Q1 loss as smartphone sales improve

By on June 19, 2014 at 7:11 AM.

BlackBerry posts narrower than expected Q1 loss as smartphone sales improve

BlackBerry on Thursday morning reported earnings that beat the Street’s expectations by a significant margin, suggesting that the company’s cost-cutting measures are paying off more quickly than analysts expected. For the fiscal first quarter ended in May, BlackBerry reported a loss of $0.11 per share versus the consensus estimate of a $0.25 loss per share. The company’s $966 million in Q1 revenue missed the $976 million analysts were looking for, but smartphone shipments improved to 1.6 million units from 1.3 million in the year-ago quarter. Including non-cash and one-time items, BlackBerry actually managed a small profit of $23 million in the quarter. More →

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T-Mobile Earnings Q1 2014

T-Mobile adds more customers in Q1 than all other carriers combined, but swings to loss

By on May 1, 2014 at 7:35 AM.

T-Mobile adds more customers in Q1 than all other carriers combined, but swings to loss

T-Mobile on Thursday morning reported its results for the first quarter of the year, marking the first time the scrappy carrier added more than 2 million net new subscribers in a single quarter. The nation’s No. 4 wireless service provider said that it added a total of 2.4 million net new customers in Q1, yet another clear sign that its “Uncarrier” plans and marketing initiatives are catching consumers’ attention. All of that marketing came at a hefty price, however, and T-Mobile posted a loss of $151 million in the quarter. More →

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Nokia Earnings Q1 2014

Welcome to the handset business, Microsoft: Nokia’s phone revenue plummets in Q1

By on April 29, 2014 at 6:45 PM.

Welcome to the handset business, Microsoft: Nokia’s phone revenue plummets in Q1

Microsoft’s acquisition of Nokia’s devices and services business was finalized last Friday but Nokia had one last gift for the new owner of its handset business: plummeting phone sales. Nokia on Tuesday reported its results for the first quarter of 2014, which included a $421 million profit on revenue totaling $3.7 billion, down 15% on year. Net sales in Nokia’s former devices and services business came in at just under $2.7 billion, which represents a massive 30% decline compared to the same quarter in 2013. Nokia’s handset business posted a $424 million operating loss in the quarter, so Microsoft clearly has a steep hill to climb — and we’re not sure if a selfie phone alone will do the trick, even if it’s code-named “Superman.”

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Samsung Earnings Q1 2014

Samsung reports second straight profit drop: 5 key takeaways from Samsung’s Q1 earnings

By on April 29, 2014 at 9:00 AM.

Samsung reports second straight profit drop: 5 key takeaways from Samsung’s Q1 earnings

Samsung on Tuesday reported its second consecutive quarter of declining on-year profits as growth of the company’s high-end smartphone sales continued to slow. The company posted audited first-quarter results that were in line with the guidance it released earlier in April. Operating profit came in at $8.2 billion, a 3.3% decline from the year-ago quarter, on revenue totaling $52 billion. Net profit climbed 5.9% to 7.34 billion thanks to improved margins. Samsung said its results should improve in the second quarter of the year thanks to sales of its new Galaxy S5 flagship phone, which launched during the second week of April. More →

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