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revenues

AT&T revenue up 2.2% in Q2; 3.6 million iPhones activated

July 21st, 2011

AT&T reported its second quarter results on Thursday. The company’s consolidated revenues were $31.5 billion, up 2.2% ($680 million) from the same quarter last year. AT&T’s wireless, wireline data and managed services were responsible for 76% of those revenues, and that figure is growing at a rate of 8.3% year-over-year. AT&T Mobility added a total …

LG profits up, mobile shipments down, in Q1 2011 earnings

April 28th, 2011

LG struggled in 2010, but it’s slowly righting the ship in 2011. The firm reported its Q1 2011 earnings on Wednesday, and its operating profit of 131 billion won was the first positive return in the past three quarters. LG attributed the change to successful cost-reduction efforts and steady performance across all four of its …

Netflix reports subscriber growth, revenue spike in Q1 2011 earnings

April 26th, 2011

Netflix released its fiscal first quarter 2011 earnings on Monday and, thanks to record amounts spent on marketing, the firm reported an increase in net customer additions and a spike in revenues. The video subscription service added 3.3 million domestic net customers during the quarter, a 94% increase year-over-year — that service now serves 23.6 …

FCC rules against magicJack; cuts into revenue stream [video]

April 12th, 2011

Last week, the FCC ruled in favor of AT&T in a complaint it filed against VoIP home-phone service provider magicJack. For those of you that don’t own a television, magicJack advertises — relentlessly, via infomercial — that its VoIP service will provide unlimited calls to the U.S. and Canada for just $19.95 per year. Users …

Analysts downgrade Apple stock, cite Foxconn deceleration

March 16th, 2011

Despite ballooning revenues and a record of kick-ass quarterly reports, Apple’s stock has been downgraded from “market outperform” to “market perform” by JMP Securities. The firm said that it made the choice based on the “notable deceleration in [Apple’s] primary manufacturing partner Hon Hai (Foxconn) that was emerging even prior to the amplified uncertainty created …