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Sony forecasts fourth consecutive annual loss as Q2 misses

November 2nd, 2011

Sony on Wednesday lowered its full-year guidance from its earlier forecast of a 60 billion yen profit to a 90 billion yen loss following second fiscal quarter earnings that missed projections. Sony was surprised by a 27 billion yen loss in its September quarter compared to a 31 billion-yen profit in the same quarter last …

Amazon profit falls 73% in Q3 despite record Kindle launch

October 25th, 2011

Amazon reported third-quarter earnings on Tuesday, noting net sales increased 44% from the same quarter last year to $10.88 billion. That figure is on a par with Wall Street’s revenue expectations of $10.93 billion. Amazon reported EPS of $0.14, which missed the Street’s estimates of $0.24 per share. Net income fell 73% quarter-over-quarter, however. Amazon …

Nokia shocks the Street in Q3 on solid feature phone sales

October 20th, 2011

Nokia on Thursday posted better-than-expected results for the third quarter thanks to mobile device shipments that exceeded analysts’ expectations by a substantial margin. The Finnish phone vendor shipped 89.9 million feature phones, crushing expectations which were as low as 67 million units for the quarter, and revenue from its mobile devices group came in at €5.39 …

Microsoft reports best-ever Q1 results; revenue hits $17.37 billion

October 20th, 2011

Microsoft announced its fiscal first-quarter 2012 earnings on Thursday, the best first quarter the company has ever recorded. The Redmond-based software giant reported revenue of $17.37 billion, up 7% from the first quarter of 2011 and on a par with analyst estimates of $17.26 billion. Operating income for the quarter was $7.2 billion, up 1% from the …

BlackBerry outage could cost RIM $100 million

October 14th, 2011

Research In Motion’s recent BlackBerry outage was the worst in the company’s history, leaving BlackBerry users in the Middle East, Europe, parts of South America, Canada, Africa and the United States without service for a total of three days. This major outage could cost the Canadian vendor more than $100 million, Financial Post reported on Friday. The costs …