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profit

RBC ups its target for Apple stock to $425 following huge quarter

January 19th, 2011

Just one week ago, RBC Capital Markets Managing Director Mike Abramsky sent a price target revision to investors upping the firm’s target for Apple stock from $365 to $395. Following Apple’s monster quarter, RBC issued a new revision — this time raising its target to $425. Apple’s conservative second-quarter guidance of $22 billion still beat …

HP reports Q4 earnings; revenue up 8% to $33.5 billion

November 22nd, 2010

Hewlett-Packard reported a solid quarter Monday evening, as the consumer electronics giant posted earnings that beat analyst expectations. HP’s net revenue in its fiscal fourth quarter of 2010 came in at $33.3 billion, up $2.5 billion from the fourth quarter last year. Non-GAAP diluted EPS was also up year-over-year, jumping 17% to $1.33. HP raked …

Samsung reports Q3: $3.98 billion in profit on $35.8 billion revenue

October 30th, 2010

South Korean electronics powerhouse Samsung has announced its Q3 financials via a press release. The outfit raked in an impressive $35.8 billion in revenue and $3.98 billion in operating profits, and about 25% of that profit came by way of its thriving telecommunications business. Samsung chiefs were quick to credit their mobile communications wing, which shipped …

Sony Ericsson post modest profits in Q3, $2.26 billion in sales

October 15th, 2010

Earlier today, mobile giant Sony Ericsson posted their third quarter financials via a conference call. The handset maker managed to eek out a third consecutive quarter of profits; bringing in $69 million in net income on sales of $2.26 billion. It’s not all sunshine in Japan/Sweden. The volume of handsets being shipped by SE did …

RIM sees profits climb ever higher, yet misses the mark

June 24th, 2010

On a day when the business world is focused solely on Apple and the launch of its iPhone 4, RIM announced its quarterly results. Although it managed to pocket a handsome profit of $768.9 million, everything from revenue to subscribers to devices shipped missed the mark. Revenue, which was up 24% Y0Y at $4.24 billion …

Dell sees profits increase 52%, analysts still unhappy

May 20th, 2010

Dell, the third-largest PC maker in the world, showed strong growth in Q1 of 2010 as profits totaled $441 million — or $0.22 per share — up 52% from a year ago. Revenue climbed 21% (to $14.9 billion) from the previous quarter thanks to a 21.4% increase in PC shipments; a spike which Dell attributed …

HP's profit up 28% (Updated: webOS coming to slates and printers)

May 18th, 2010

HP managed to surpass the Street’s expectations as the company saw profits grew by 28% in the quarter ended April 30th. Capitalizing on strong demand for PCs and servers, revenue came in at $30.8 billion with an adjusted income of $1.09. Analysts were expecting to see $1.05 per share. This performance allowed HP to hold onto …

Microsoft's profits jump in Q3

April 23rd, 2010

Yesterday, Microsoft announced its Q3 2010 earnings, and we’re pleased to report things went well for the Redmond, WA company. Riding the success of Windows 7, Microsoft beat analysts expectations with $14.5 billion in revenue and a net income of $4.01 billion or $0.45 per share. As previously mentioned, Windows 7 was a smash hit …

Sony Ericsson posts its first profitable quarter since 2008

April 16th, 2010

Troubled phone maker Sony Ericsson had a nice surprise for its investors this morning, as it announced that Q1 2010 was its first profitable quarter in just under two years. While the company shipped 4.1 million fewer handsets than in Q4 2009, it did manage to make gains where it ultimately counts, posting an income …

T-Mobile loses "Even More" customers in Q3

November 5th, 2009

Here at BGR we love the underdog, so we are a little disappointed to have to tell you about the latest figures coming out of the T-Mobile camp. T-Mobile released their Q3 numbers today and suffered a net loss of 77,000 subscribers, with 140,000 customers packing up their number and shacking up with another carrier. …