Tag Archives: EarningsReport

Clearwire sees wholesale revenues dip, LTE delays as it posts a $41.3 million net loss in Q3

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Clearwire sees wholesale revenues dip, LTE delays as it posts a $413 million net loss

Clearwire's figures show that the network it isn't cool to love will be making placating faces at its bank manager for yet another quarter. It pulled in revenues of $313.9 million for the three month period, but with business costs (and depreciation) clocking in at $646.7 million, the company posted an operating loss of $332 million and a net loss of $41.3 million. If that wasn't bad enough, it's also hacked back a target to add TD-LTE to 5,000 sites before mid-2013 to just 2,000. A similar problem has occurred over at newly-minted majority owner Sprint, which has found itself a quarter behind its own LTE timetable thanks to parts shortages -- so let's hope the folks over at Softbank can help both companies improve their estimating skills.

Continue reading Clearwire sees wholesale revenues dip, LTE delays as it posts a $41.3 million net loss in Q3

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Clearwire sees wholesale revenues dip, LTE delays as it posts a $41.3 million net loss in Q3 originally appeared on Engadget on Fri, 26 Oct 2012 07:23:00 EDT. Please see our terms for use of feeds.

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TSMC’s 28-nanometer process pays off as it rakes in $1.68 billion profit in Q3

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TSMC's 28nanometer process is paying off as it rakes in $168 billion profit in Q3

Everything is relative, so when a chip foundry like TSMC (which produces gear for the likes of NVIDIA) has a bad quarter, that means it only made a $1 billion in profit. Today's numbers reveal that the company has managed to rescue its halting fortunes after turning over $4.8 billion and making a tidy $1.68 billion in profit. The cause of this upswing was that orders for its coveted 28-nanometer process doubled in the period -- repaying some of the $8.5 billion spent developing it and keeping profits just a little over that of its close pal, Qualcomm.

Continue reading TSMC's 28-nanometer process pays off as it rakes in $1.68 billion profit in Q3

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TSMC's 28-nanometer process pays off as it rakes in $1.68 billion profit in Q3 originally appeared on Engadget on Thu, 25 Oct 2012 05:11:00 EDT. Please see our terms for use of feeds.

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Foxconn announces $226 million half-year net loss, blames usual suspects

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Foxconn announces $226 million halfyear net loss, blames usual suspectsManufacturing behemoth Foxconn (Hon Hai) has announced a record net loss of $226 million on turnover of $2 billion for the first half of the year. Unsurprisingly, it attributed the loss to the European debt crisis, global economic slowdown and its customers "continuous struggle" for market share. While it made a big push to encourage new customers, capacity far outstripped demand. In order to stem the tide, it's relocating some of its Shenzhen-based facilities to sites in Northern China -- and it's also in talks with carriers to become an ODM, building white-label smartphones in the same way that Huawei and ZTE do. While the loss isn't a rosy picture, the company does have nearly $2 billion stashed in the bank, so it shouldn't be worrying too much.

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Foxconn announces $226 million half-year net loss, blames usual suspects originally appeared on Engadget on Tue, 28 Aug 2012 06:05:00 EDT. Please see our terms for use of feeds.

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Lenovo’s Q1 shows ‘record high’ market share, profits up 30 percent to $141 million

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DNP Lenovo Q3 results

After delivering an overachieving laptop, Lenovo has delivered financial results that also exceeded expectations, producing $8 billion in revenue and $141 million net profit. Those figures are up 35 and 30 percent respectively over last year, which the company has chalked up to a higher than ever market share of 15 percent. That growth came in part from a 59 percent sales bump in emerging markets like India and Brazil, on top of a 9 percent spurt in its home market -- lifting the company 24 percent in world-wide PC shipments for the quarter. Lenovo has also become the second largest player in China's smartphone market, after Samsung, now up to a 13 percent market share. CEO Yang Yuanqing also proclaimed that, unlike other Redmond partners, he wasn't stressed about Microsoft's Surface tablet -- and that his company had "much better hardware" than the software giant.

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Lenovo's Q1 shows 'record high' market share, profits up 30 percent to $141 million originally appeared on Engadget on Thu, 16 Aug 2012 06:27:00 EDT. Please see our terms for use of feeds.

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MetroPCS 2012 Q2 sees profits skyrocket to $149 million despite losing nearly 200,000 subscribers

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MetroPCS announces Q1 2012 results: total revenues up, new subscriber growth shrinks

MetroPCS has announced that it pulled in $1.3 billion in the second quarter of the year, only slightly more than it managed in the first. It made a profit of $149 million, well up from the $21 million it pulled in between January and March, despite shedding around 200,000 subscribers in the process. The company's deliberately concentrated on raising cash at the expense of new subscriptions in preparation for its 4G LTE for All project, due to begin in the third quarter. It revealed that it now has 700,000 LTE subscribers, up from the 580,000 present in March and that it plans to have a full 10MHz of spectrum allocated for the super-fast mobile standard in "most major metropolitan areas" by the end of the year. As for devices that'll take advantage of the 4G goodness, MetroPCS says that we can expect to see either six or seven new LTE handsets by year's end, each which will be priced between $99 and $149.

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MetroPCS 2012 Q2 sees profits skyrocket to $149 million despite losing nearly 200,000 subscribers originally appeared on Engadget on Thu, 26 Jul 2012 22:06:00 EDT. Please see our terms for use of feeds.

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Barnes & Noble’s Q4 and FY 2012: revenue up, losses up, hopes Microsoft hurries up

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Barnes & Nobles Q4 and FY 2012 revenue up, losses up, hopes Microsoft hurries up

Barnes & Noble has released its financial results for both the final quarter and full financial year of 2012. It's a picture of a company that's holding steady in the face of continued onslaught from its rivals, albeit with some hope on the horizon. In preparation for its as-yet-unnamed venture with Microsoft, the company has begun the process of spinning off its Nook and College businesses -- while sales from stores and BN.com now come under the umbrella term of "retail."

On that front, it sold $1.1 billion worth of books in the quarter and $4.85 billion for the year -- down from $4.92 billion in 2011. Nook-wise, the company had turnover of $933 million, with device sales increasing 1 percent for the quarter and 45 percent of the year -- but had to eat a loss on taking back unsold Simple Touch readers. Content sales on its various devices increased 65 percent in the quarter and 119 percent in the year -- clearly showing where the market is headed.

Continue reading Barnes & Noble's Q4 and FY 2012: revenue up, losses up, hopes Microsoft hurries up

Barnes & Noble's Q4 and FY 2012: revenue up, losses up, hopes Microsoft hurries up originally appeared on Engadget on Tue, 19 Jun 2012 11:18:00 EDT. Please see our terms for use of feeds.

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DirecTV adds 81,000 subscribers during Q1 in the US, increases revenue by 12 percent

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DirecTV adds 81,000 subscribers during Q1 in the US, increases revenue by 12 percent

Unlike with Comcast, Wall Street experts weren't surprised by DirecTV's latest Q1 results -- in fact, they were quite disappointed. The satellite provider only managed to add 81,000 subscribers in the US of A during the quarter, which is more than a 50 percent decrease compared to last year's Q1 (184,000). Meanwhile, DirecTV did see a 12 percent increase in revenue, pushing the total to about $7.05 billion. That last bit thanks in large part to landing over 590,000 new customers in Latin America, though that didn't keep its current share price from dropping about 2.7 percent to $46.60. Nonetheless, DirecTV CEO, Mike White, says his company "delivered another strong quarter [..] highlighted by double-digit revenue, EPS and cash flow growth." Us? Well, we're wondering why those "roadside ditch" commercials aren't luring more Stateside folks away from cable...

Continue reading DirecTV adds 81,000 subscribers during Q1 in the US, increases revenue by 12 percent

DirecTV adds 81,000 subscribers during Q1 in the US, increases revenue by 12 percent originally appeared on Engadget on Tue, 08 May 2012 17:18:00 EDT. Please see our terms for use of feeds.

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