Tag Archives: q1 2012

Sprint reports Q1 2012 results: 1.5 million iPhone sales but a $255 million operating loss

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Sprint reports Q1 2012 financials, 1.5 million iPhone sales but a $255 million loss

Sprint Nextel has just deployed its Q1 2012 financials and it's a bit of a mixed bag, with a five percent net revenue growth over this time last year and a whopping 1.5 million sales of that iPhone it paid so dearly for -- twice as many as it sold last quarter and, of those, 44 percent were new subscribers. That helped to drive an overall postpaid subscriber growth of 263,000 but, despite some good news, the company is still suffering a $255 million operating loss and a $863 million net loss. Sprint reaffirmed its LTE plans, a pilot launch of six cities sometime in the middle of this year, with 12,000 sites going online before 2012 turns a year older. Will it be enough? Tune in next quarter to find out.

Sprint reports Q1 2012 results: 1.5 million iPhone sales but a $255 million operating loss originally appeared on Engadget on Wed, 25 Apr 2012 07:25:00 EDT. Please see our terms for use of feeds.

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LG’s Q1 2012 earnings show greater profits on strong TV, phone sales

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LG has released its Q1 2012 numbers, and there's plenty of good news to go around, with TV profits that nearly doubled and profit from cellphones for the second quarter in a row following six straight quarters of losses. Despite slightly lower sales, more of the units that did sell had higher prices and made more profit. In its press release, the company claimed to have "turned the corner" with a net profit of $215 million, blaming the slower sales of TVs on the European economy and cellphones on declining featurephone sales. We don't have specific numbers, but it called out the popularity of the Optimus LTE and Optimus Vu as part of the reason for increased revenues. Of course, the year is only just getting under way, and the company is expected to introduce its first 55-inch OLED HDTV soon, as well as quad-core smartphones and a new L-style series of phones. Before that however, it will have to deal with the competition from fellow Korean giant Samsung which will report its earnings later this week and has a few high profile releases up its sleeves as well. There's more details in the press release after the break, and PDF linked below.

Continue reading LG's Q1 2012 earnings show greater profits on strong TV, phone sales

LG's Q1 2012 earnings show greater profits on strong TV, phone sales originally appeared on Engadget on Wed, 25 Apr 2012 01:11:00 EDT. Please see our terms for use of feeds.

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AT&T reports Q1 earnings: $31.8 billion in revenue, 5.5 million smartphones sold

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AT&T reports Q1 earnings: $31.8 billion in revenue, sells 5.5 million smartphones

Sure, there was no new iPhone to boost its smartphone sales this quarter, but the carrier still managed to push 5.5 million of the devices out the door, while activating 4.3 million Apple-branded handsets. The company beat analyst predictions by raking in $31.8 billion in revenue and pocketing $3.6 billion of that as income, up from $3.4 billion over the same time period last year. Things are looking good for the company as both U-Verse and its wireless business grew revenues dramatically -- by 38.2 percent and 19.9 percent, respectively. Growth on the cellular side is in large part thanks to the 726,000 net subscriber adds. Of particular interest is the growth in so-called "branded-computing" subscriptions, which includes tethering plans and tablets. There, AT&T has seen a growth of 70 percent over last year, reaching 5.8 million customers (including 460,000 added last quarter). For more financial fun check out the PR after the break.

Continue reading AT&T reports Q1 earnings: $31.8 billion in revenue, 5.5 million smartphones sold

AT&T reports Q1 earnings: $31.8 billion in revenue, 5.5 million smartphones sold originally appeared on Engadget on Tue, 24 Apr 2012 08:35:00 EDT. Please see our terms for use of feeds.

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ARM reports revenues up 13 percent, bicep-curling profits up 22 percent

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ARM reports revenues up 14 percent, bicep-curling profits up 22 percent

UK-based chip designer ARM just announced another booming quarter, with revenue up by 13 percent to $209.4 million. Pre-tax profits were even stronger, growing 22 percent year-over-year to $100 million. Not a bad profit margin by anyone's standards, and due to entirely to the Cambridge outfit's business model, which has seen 22 new processor licenses signed this quarter. That includes everything from the smallest Cortex-M class chips for use in the "Internet of Things" right through to the mini-monster Cortex-A15. There were also two new signings for the Mali graphics core, which is still proving its worth in some of the latest Samsung Galaxy devices. Overall, the number of chips that went into mobile phones and mobile computers remained steady, but the shipment of chips for other types of consumer and embedded devices grew by 15 percent year-on-year, proving that ARM not only has muscle, but also fingers in pies.

ARM reports revenues up 13 percent, bicep-curling profits up 22 percent originally appeared on Engadget on Tue, 24 Apr 2012 04:30:00 EDT. Please see our terms for use of feeds.

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Netflix Q1 results: 3 million new streaming subscribers worldwide, record viewing hours

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Netflix Q1 2012 earnings

Netflix has posted its earnings report for Q1 of 2012, and reveals its streaming subscriber count in the US is currently 23.4 million, after reaching 21.67 million back in January. While the company noted a net loss of about $5 million, the letter from CEO Reed Hastings and CFO David Wells claimed it is still on a "rapid return" to profitability after last year's missteps and international expansions. Worldwide it now counts a total of 26 million subscribers to the streaming service, although it lost another million or so subscribers to discs, which currently number 10.09 million. That old disc business is still highly profitable however, adding $146 million to the bottom line. Internationally, Netflix added more customers in its first three months of UK / Ireland availability than it did in the same period for Latin America or Canada, and expects its Canadian service to be profitable a quarter earlier than expected.

Reed Hastings also took the opportunity to toss another barb at Comcast for its bandwidth cap-exempt Xfinity TV Xbox 360 app, claiming it should either raise its caps, make them apply to all services including its own or eliminate them entirely. Another development in Q1 was the loss of streaming titles from Starz but it claims that caused no discernible change in viewing or subscriber hours, while customers continue to lean towards streaming TV episodes over movies. Hit the source links below to paw through the PDF and spreadsheet for yourself, we'll let you know if any interesting tidbits are revealed on the earnings call later today.

Netflix Q1 results: 3 million new streaming subscribers worldwide, record viewing hours originally appeared on Engadget on Mon, 23 Apr 2012 16:06:00 EDT. Please see our terms for use of feeds.

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Facebook updates S-1, adds Q1 earnings, revenue up 45% over last year

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Facebook updates S-1, adds Q1 earnings

Facebook just filed an amended S-1 (that all important document that officially announces its public offering plans) with some new financial info. Now included in the charts and graphs is everything you wanted to know about Q1 of 2012 at Facebook (but were afraid to ask). The new SEC filing reveals that revenues are way up at the social network over last year (a whopping 45 percent higher than Q1 of 2011), but down slightly from last quarter (six percent), settling at a more than respectable $1.058 billion. Of the cash it took in, $872 million of it was ad revenue, which is down from Q4 of 2011 ($943 million) but up significantly from Q1 of last year ($731 million). Facebook was even able to slap a per-user amount on its 900 million active monthly members -- $1.21 -- that's the average revenue for each person with an account at the site. Of course, membership has continued to grow, with 532 million stopping by daily, up from 372 million just a year ago. As for that Instagram purchase, it looks like the widely reported $1 billion figure wasn't entirely accurate -- at least not when talking cold, hard cash. Only $300 million was turned over in immediately spendable currency, the rest of the deal involved 23 million shares of common stock. If you're a sucker for financials hit up the source link.

Facebook updates S-1, adds Q1 earnings, revenue up 45% over last year originally appeared on Engadget on Mon, 23 Apr 2012 15:46:00 EDT. Please see our terms for use of feeds.

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AMD reports net loss of $590 million for Q1 2012, calls that ‘solid results’

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AMD reports net loss of $590 million, calls that 'solid results'

We're not sure about you, but we wouldn't call losing over half a billion dollars "solid results." Still, we're not 100 percent ready to rain on AMD's parade yet. The non-GAAP results (which disregard a pile of one-time charges and investments) turn the $590 million loss into a $92 million profit. Still, the GAAP results do make two straight quarters of losses and revenue clearly continued to decline, falling to $1.59 billion. That's down six percent from last quarter and two percent from the same time period last year. Revenue from the graphics division held steady from last quarter, though, it's down seven percent year-over-year. For more financial fun hit up the PR after the break.

Continue reading AMD reports net loss of $590 million for Q1 2012, calls that 'solid results'

AMD reports net loss of $590 million for Q1 2012, calls that 'solid results' originally appeared on Engadget on Thu, 19 Apr 2012 16:40:00 EDT. Please see our terms for use of feeds.

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Verizon’s vitals: quarterly revenue up five percent to $28 billion, earnings of $1.7 billion

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Verizon quarterly financials for Q1 2012

Verizon is remembering how to turn to subscribers into cash, reporting consolidated revenues up 4.6 percent year-over-year to $28 billion and earnings of $1.7 billion -- boosting earnings-per-share by 15 percent. By comparison, revenues were $27 billion in Q1 2011, and a mere $18 billion last quarter, which resulted in a $2 billion net loss. Big Red's performance is now as strong as ever, with subscriber numbers up five percent to 93 million, and with 47 percent of those customers using insanely profitable devices called smartphones. On the TV and broadband side side, its FiOS unit now tops five million internet customers, and added a net total of 180,000 video subscribers. And that new $30 upgrade fee hasn't even kicked in yet.

Continue reading Verizon's vitals: quarterly revenue up five percent to $28 billion, earnings of $1.7 billion

Verizon's vitals: quarterly revenue up five percent to $28 billion, earnings of $1.7 billion originally appeared on Engadget on Thu, 19 Apr 2012 07:33:00 EDT. Please see our terms for use of feeds.

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Nokia’s Q1 2012 financials: $9 billion in sales can’t stop a $1.7 billion loss

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Nokia's released the bundle of spreadsheets that comprise its 2012 Q1 financials, just a week after it acknowledged that it would make a loss, despite bullish sales of the new Lumia 900. The numbers reveal that the company had net sales of €7.4 billion ($9.7 billion), down from €10.4 billion ($13.6 billion) at the start of last year. Net sales are down 30 percent year-on-year, which means the company's posting a loss of €1.3 billion ($1.7 billion) for the first three months of 2012. That loss is broken down as €772 million to restructure Nokia Siemens Networks, €101 million to restructure the Devices & Services and Location & Commerce departments, principally in shedding employees and relocating its factories to Asia. It had forecasted an operating margin of three percent below "break even," and says it's likely to remain that way well into the second quarter.

Stephen Elop pointed out that much of the loss is due to both increased competition and the costs of restructuring, but also seemed to tacitly confirm rumors we'd heard that UK carriers have been resistant to Nokia's new direction, saying that establishing momentum in the country has been "challenging." However, it's still promising to arrest the slump and in a statement to Moody's on Monday, the company pledged that it was prioritizing "cash conservation" exercises, although its liquid cash reserves have fallen 24% in a year, meaning that the company's only got €4.8 billion ($6.3 billion) put aside for a rainy day.

Nokia's Q1 2012 financials: $9 billion in sales can't stop a $1.7 billion loss originally appeared on Engadget on Thu, 19 Apr 2012 06:05:00 EDT. Please see our terms for use of feeds.

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Intel reports $12.9 billion in revenue for Q1 of 2012, breaks no records

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Intel reports $12.9 billion in revenue for Q1 2012, breaks no recordsWhile it's hard to get upset when your company is raking in just shy of $13 billion over just three months, we're sure Intel's investors are a little sad to see revenue drop across all business divisions. With a net income of $2.7 billion, profits dropped nearly 19 percent from last quarter and everyone from the data center group to the PC client group saw revenues fall by significant margins. There's no reason to worry about Chipzilla, though. The company's seemingly constant record smashing quarters had to come to an end sometime and we're sure with its entrance into the smartphone market this year new streams of revenue will start pouring in shortly. Check out the source link for all the financial nitty gritty.

Intel reports $12.9 billion in revenue for Q1 of 2012, breaks no records originally appeared on Engadget on Tue, 17 Apr 2012 16:32:00 EDT. Please see our terms for use of feeds.

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