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Motorola XOOM and ATRIX 4G sales are ‘disappointing,’ analyst claims

April 5th, 2011

Another analyst has cut revenue estimates for Motorola Mobility, again citing poor sales of the company’s key products as the driving force behind the downward revision. Pacific Crest analyst James Faucette on Tuesday revised his full-year 2011 revenue estimates downward from $13.7 billion to $12.25 billion. Further emphasizing his position on Motorola, he revised his …

Acer CEO resigns as company hits rough patch

March 31st, 2011

It appears as though Acer founder Stan Shih will get his wish, as news of CEO Gianfranco Lanci’s resignation could mark the start of a much needed overhaul. Shih, who retired from the company in 2004, said on Tuesday that Acer is in need of an overhaul and a shift in focus from being a …

RBC calls RIM earnings a ‘tale of two cities’

March 25th, 2011

In a note to investors on Friday, RBC Capital Markets Managing Director Mike Abramsky attempts to put Research In Motion’s fourth-quarter earnings and first-quarter guidance in perspective. RIM reported its fourth-quarter and full-year earnings after the bell on Thursday and shares of RIM stock subsequently plummeted by as much as 12% in after hours trading. …

RIM reports Q4 earnings; revenue misses estimates despite record shipments

March 24th, 2011

Shares of Research in Motion stock declined over 12% after hours on Thursday as the company reported its fourth-quarter earnings for its 2011 fiscal year. RIM reported revenue that missed Wall Street’s consensus on device shipments that exceeded expectations by 200,000 units. Fourth-quarter revenue came in at $5.6 billion, just below the $5.64 billion analysts …

HP reports Q1 2011 earnings, lowers full-year guidance

February 22nd, 2011

Hewlett-Packard on Tuesday reported its earnings for the first quarter of the company’s 2011 fiscal year, which ended on January 31st. Revenue missed Wall Street’s expectations slightly, coming in at $32.3 billion versus the Street’s projected revenue of between $32.75 and $33.59 billion. Earnings per share was up an impressive 26% year-over-year to $1.17, but …

Samsung reports Q4 earnings: revenue and income grow, profit slides

January 28th, 2011

Samsung on Friday reported its fourth quarter and full year 2010 earnings, highlighting revenue and net income growth but missing Wall Street’s consensus as operating profit slid for the first time in six quarters. The company posted fourth quarter revenue of 41.87 trillion won, up 7% from the same quarter in 2009, and net income …

Nokia Q4 earnings: profits fall for third straight quarter, market share slides

January 27th, 2011

Nokia revealed its third consecutive decline in profits as the struggling cell phone maker reported its fourth-quarter 2010 earnings. Net sales grew 6% year-over-year to €12.65 billion, but operating profit slid 26% from €1.47 billion in the fourth quarter of 2009 to €1.09 billion. Operating profit margin in the company’s Devices and Services division was …

LG reports record Q4 loss, record drop in annual profit

January 26th, 2011

Try as it may, 2010 is a year that LG Electronics will not soon forget. The struggling electronics giant on Wednesday reported its fourth quarter earnings and put the cap on its worst year on record. The company posted a fourth-quarter net loss of 256.4 trillion won compared to profits of 361.9 billion won in …

Motorola Mobility reports Q4, full year earnings; Q1 2011 guidance bleak

January 26th, 2011

Motorola Mobility on Wednesday reported its fourth quarter and full year 2010 earnings. It also gave grim but anticipated guidance for the first quarter of 2011 as Verizon Wireless, the company’s top carrier partner, prepares to launch the iPhone 4. Motorola’s revenues were up 21% year-over-year to $3.4 billion and net revenues from the company’s …

Sony Ericsson sees small profit in Q4; shipments decline

January 20th, 2011

Things have been rough for Sony Ericsson over the past couple of years. Intriguing new gear is on the way from this once-great Swedish joint venture, with a few sexy smartphones like the Xperia arc in the pipeline and the highly anticipated PlayStation Phone, the Xperia Play, finally about to become a reality. Unfortunately, however, …