Apple Earnings Analysis Fiscal 2014

How far can fanboys carry Apple?

By on October 30, 2013 at 10:40 AM.

How far can fanboys carry Apple?

Apple reported its results for the fiscal fourth quarter on Monday and it has been on something of a roller coaster ride since then. Shares fell 4% immediately following Apple’s report as investors balked at Apple’s slowing earnings growth, which handily topped consensus estimates but missed the Street’s steep whisper numbers. Shares climbed back into the black on Tuesday morning as a number of big banks increased their price targets and fiscal 2014 outlooks, and then it spiked again on Wednesday morning following a round of positive early reviews for the new iPad Air, which launches this Friday. But where the next few quarters are concerned, several important questions are now being raised. More →

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Apple Earnings Analysis

Apple’s Q4 in charts

By on October 29, 2013 at 9:20 AM.

Apple’s Q4 in charts

Apple posted its fiscal fourth-quarter results on Monday and Wall Street was not impressed. Apple’s results were strong indeed, however growth is slowing significantly, margins continue to slide and Apple missed FQ4 whisper numbers. Shares have recovered since dipping as much as 4% following Apple’s report though, and Apple was upgraded by a number of high-profile banks on Tuesday morning as analysts continue to look over the picture that Apple’s fiscal fourth quarter numbers paint. Charts are always a terrific way to analyze that picture effectively, of course, and mobile analyst Benedict Evans is one of the best at laying out key Apple data points and helping arrange all the data logically and thoughtfully. A few of Evans’s charts follow below and the rest can be seen in his blog post, which is linked in our source section. More →

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Nokia Q3 2013 Earnings

Nokia narrows Q3 loss as Lumia sales spike

By on October 29, 2013 at 8:00 AM.

Nokia narrows Q3 loss as Lumia sales spike

Just in time for the sale of its handset division to Microsoft, Nokia has posted yet another net loss in its third-quarter earnings report released Tuesday. Nokia, which has reported net losses in 9 of the past 10 quarters, posted a $0.02 loss per share on revenue totaling $7.79 billion. Although Nokia’s $125.58 million net loss was narrower than the $1.27 billion loss it reported in Q3 2012, the company’s revenue has still taken an alarming 21.8% drop over the past year from revenue of $9.96 billion in Q3 2012. On the plus side, Nokia’s Lumia sales showed healthy growth on the quarter, growing by 19% year-over-year on sales of 8.8 million Lumia phones.

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Breaking
Apple Earnings Q4 2013

Apple posts huge Q4 earnings: Record $7.5B profit on $37.5B in sales

By on October 28, 2013 at 4:31 PM.

Apple posts huge Q4 earnings: Record $7.5B profit on $37.5B in sales

Apple’s earnings are always the most highly anticipated results of the season among technology companies, and this year’s September quarter is no different. The tail end of Apple’s fiscal fourth quarter caught the launch of the new iPhone 5s and iPhone 5c handsets and while they were only available for a total of eleven days in fiscal Q4, Wall Street is still expecting Apple’s results to get a nice boost from initial sales of the company’s new iPhones. Apple announced that it sold a record-smashing 9 million new iPhone 5s and iPhone 5c handsets through the devices’ first weekend of availability alone, and analysts have been raising their fourth-quarter estimates ever since. Heading into Apple’s report on Monday evening, consensus estimates were looking for Apple to post earnings of $7.93 per share on $36.8 billion in revenue, right near the top of Apple’s Q4 revenue guidance of between $34 billion and $37 billion. The numbers are now in and Apple crushed estimates, having managed a fiscal fourth-quarter profit of $8.26 per share on $37.5 billion in sales. More →

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Samsung Earnings Q3 2013

Samsung posts record Q3 profit as smartphone sales near 90 million

By on October 25, 2013 at 8:00 AM.

Samsung posts record Q3 profit as smartphone sales near 90 million

Samsung on Friday released its audited earnings report for the third quarter, confirming performance that has once again climbed to new records on the back of its Galaxy smartphone line. The electronics giant reported earlier this month that it would post an operating profit of between $9.2 billion and $9.6 billion, and the company caught the top end of that estimate. Samsung’s record $9.6 billion operating profit was up 26% from the year-ago quarter, and the company also topped its earlier record for quarterly net profit as Q3 net climbed to $7.76 billion on $55.6 billion in revenue. More →

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Netflix Earnings Analysis

Netflix is now in Beast Mode

By on October 22, 2013 at 8:45 AM.

Netflix is now in Beast Mode

It’s hard to beat expectations after your share price has soared from $60 to $330 in a year. Incredibly hard. Yet that is what Netflix just accomplished on Monday evening — and the company’s share price shot up another 10% during after-hours trading. The company’s Christmas-quarter guidance was spectacular. Wall Street expected earnings of 45 cents for the December quarter and Netflix just guided between $0.47 and $0.73. And according to Variety, Netflix also plans to double its spending on original programming in 2014 from its already sumptuous 2013 levels. This could leave Hulu reeling. More →

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Verizon Earnings Q3 2013

Verizon’s Q3 EPS tops expectations at $0.77 on $30.3 billion in sales

By on October 17, 2013 at 7:45 AM.

Verizon’s Q3 EPS tops expectations at $0.77 on $30.3 billion in sales

Following solid earnings in the second quarter that narrowly topped the Street’s expectations, Verizon Communications on Thursday reported its third-quarter results ahead of the bell. Analysts polled by FactSet expected the nations largest carrier to post a profit of $0.74 per share for the September quarter, and their revenue consensus sat at $30.15 billion. Verizon beat expectations, however, reporting earnings of $0.77 per share — or $2.23 billion, up more than 20% — on $30.3 billion in sales. In the same quarter last year, Verizon earned $0.64 per share on revenue that totaled $29.01 billion. The carrier said that at the end of the third quarter it was home to 101.5 million total retail connections, including 95.2 million retail postpaid connections. Verizon added 927,000 net retail postpaid connections in the quarter and postpaid churn was 0.97%. Verizon’s full press release follows below. More →

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BlackBerry Q2 2014 Earnings

BlackBerry’s Q2 earnings as ugly as expected

By on September 27, 2013 at 7:29 AM.

BlackBerry’s Q2 earnings as ugly as expected

BlackBerry released its second-quarter earnings report on Friday and it’s just as bad as the company warned us it would be last week. On the quarter BlackBerry posted a GAAP operating loss of $965 million on sales of $1.6 billion, which marked a 49% year-over-year decline in revenues. After adjustments, BlackBerry’s operating loss narrows to $248 million, or $0.47 per share. As expected, the company also reported selling just 3.7 million smartphones on the quarter, which marked a huge drop from the 6.8 million smartphones it sold in the previous quarter. And finally, BlackBerry reported that its cash reserves have started to bleed out, as its $2.6 billion in reported cash marked a $500 million decline from the $3.1 billion it reported in the previous quarter. BlackBerry’s press release follows below. More →

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T-Mobile Earnings Q2 2013

T-Mobile swings to loss in Q2 while iPhone, ‘uncarrier’ plans propel huge subscriber growth

By on August 8, 2013 at 7:55 AM.

T-Mobile swings to loss in Q2 while iPhone, ‘uncarrier’ plans propel huge subscriber growth

T-Mobile’s new “uncarrier” initiatives might just be marketing gimmicks, but alongside the addition of the iPhone to the carrier’s lineup last quarter, they helped drive the biggest postpaid subscriber growth T-Mobile has seen in four years. T-Mobile on Thursday posted its second-quarter results, stating that it added 1.1 net subscribers during the quarter, including 688,000 contract customers. In the same quarter last year, T-Mobile lost 557,000 contract subscribers. Those additions were quite costly, however, and while the carrier managed a $207 million profit in Q2 2012, it swung to a $16 million loss last quarter on revenue totaling $6.23 billion, up from $4.9 billion in the year-ago quarter. More →

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Wii U Sales Q2 2013

Wii U sales plummet to just 160,000 units in Q2

By on July 31, 2013 at 9:30 AM.

Wii U sales plummet to just 160,000 units in Q2

Nintendo shares fell 5% in Tokyo on Wednesday as the company posted June-quarter results that don’t paint a pretty picture. The company managed to swing to an $88 million net profit despite sales that fell 3.8% on-year, but Nintendo’s new Wii U console still isn’t showing any signs of life. A report from earlier this week revealed that U.K. retail giant Asda recently pulled the Wii U from store shelves, and now we know why: June-quarter sales totaled just 160,000 units globally. That figure is down by more than 50% from Nintendo’s March-quarter unit sales, and cumulative sales since the console launched last November total 3.61 million units. Nintendo hopes to sell 9 million Wii U consoles by March 2014.

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HTC Earnings Q2 2013

HTC’s Q2 profit tumbles as company forecasts first-ever loss for Q3

By on July 30, 2013 at 8:30 AM.

HTC’s Q2 profit tumbles as company forecasts first-ever loss for Q3

They say the darkest hour is just before dawn, and HTC certainly hopes “they” are right. The company on Tuesday posted second-quarter financial results that were in line with its unaudited pre-announcement. Profit tumbled more than 80% to approximately $41.7 million on revenue that came in just under $2.4 billion. The bad news gets worse, however. HTC said that it may post an operating loss in Q3 2013 for the first time since before its IPO as revenue and gross margins both continue to slip. On the bright side, however, the company noted that the HTC One outperformed last year’s hero models and it helped HTC “establish strong brand awareness.” No shipment or sell-through numbers were provided. HTC’s full press release follows below. More →

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Sprint Earnings Q2 2013

Sprint posts massive $1.6 billion Q2 loss

By on July 30, 2013 at 7:55 AM.

Sprint posts massive $1.6 billion Q2 loss

With SoftBank undoubtedly eager to get this first Sprint report since its acquisition out of the way, Sprint on Tuesday night posted its results for the second quarter. Sprint’s Q2 2013 wireless service revenue climbed 8% to a record-high $7.2 billion and operating revenue totaled $8.87 billion, but that certainly wasn’t enough to distract attention from the $1.6 billion net loss it posted as the Nextel network was finally shuttered, a decline from the $1.4 billion net loss it reported in the same quarter last year. Sprint says it recaptured about 4 million Nextel subscribers as the service was discontinued. The carrier’s press release follows below. More →

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AT&T Earnings Analysis Q2 2013

AT&T and the Red Queen’s Race

By on July 29, 2013 at 3:40 PM.

AT&T and the Red Queen’s Race

AT&T’s spring quarter had a bit of that “Alice in Wonderland” quality. The mammoth carrier beat Wall Street’s consensus by 10% by adding 551,000 new contract subs, up sharply from 320,000 in the spring of 2012. AT&T also sold 6.8 million smartphones, the best spring quarter result ever, and wireless data revenue soared by nearly 20%. Yet AT&T’s profit still fell by 2.1%. This company is running as fast as it can just to stay in place — and this is a sign that the American mobile market may be ripe for some big changes. More →

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