Blockbuster continues its downward spiral with the once powerful movie rental company now posting yet another quarterly loss. Bad news across the board with sales plunging 16%, revenue falling 18%, and an income loss of $425 million which exceeds the $360 million loss posted in Q4 2008. Blockbuster is in tough shape; its stock is …
It is pretty indicative of the shape Sprint is in when reporting a net loss of $980 million and 69,000 net retail subscribers is considered an improvement. The number three carrier in the U.S. lost $0.34 per share — $0.23 per share when you factor out $306 million in deferred taxes — which did not …
TechCrunch is reporting, under good authority, that it has information indicating sales of Amazon’s Kindle has already surpassed the 3 million mark. Analysts had predicted Kindle sales to eclipse the 2.5 million unit mark by the close of 2010… yes, that is 500,000 more units sold 365 days early. The report comes on the heels …
AT&T is the latest company to turn in their Q4 report card, and so far, things are looking good. AT&T is reporting Q4 revenues of $30.9 billion with a net income of $3 billion. AT&T Wireless boasted a 2.7 million customer net-gain in Q4 — 7.3 million additions for the full year — and trimmed …
Nokia reported its Q4 earnings, and to put it mildly, they crushed it. Nokia shipped 127 million units worldwide during Q4 which fueled net sales of €12 billion. Here are a few other highlights from the release and accompanying balance sheet: Market share of 39%, up from 37% in Q4 2008 Q4 net income of …
Yahoo, the number two company in search, announced its less-than-impressive Q4 earnings a few days ago. Their revenue was down 4% from Q4 of 2008 and totaled $1.73 billion; year-over-year revenue also dropped 10% to $6.46 billion in 2009. Yahoo’s freshman CEO Carol Bartz had this to say about the companies Q4: “The fourth quarter …
Yesterday, Verizon Communications, Inc. reported a Q4 loss of $653 million, despite a strong showing from its wireless division. Verizon Wireless has the most retail customers of any U.S. carrier, and added 2.2 million new lines during Q4 — almost all of which were post-paid customers — bringing their total customer base to 91.4 million. …
It has been a long, and at times, ominous road for number-two chip maker AMD, however, we are happy to report that there is reason for the underdog to celebrate. After 13 consecutive quarters of operating in the red, AMD has reported a net income of $1.18 billion dollars for the fourth quarter of 2009. …
In an economic climate where its been mostly doom and gloom, it’s nice to see that a few companies still know how to do one very important thing — turn a profit. One company that has been able to consistently do this over many years is RIM, maker of the BlackBerry smartphone who yesterday released …
