Tag Archives: q3 2012

Canon announces Q3 2012 results: operating profit down 42 percent to $908 million

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Canon announces Q3 2012 results, operating profit drops by 42 percent to $908 million

Canon just released its Q3 2012 earnings reported, and things aren't looking peachy right now for the camera maker: revenue is down 13 percent to $10.3 billion from last Q3 last year, while profit tumbled by 42 percent. The Japanese company directed the blame toward the "negative impact of economic deterioration" in Europe and emerging markets like China, as well as the strong yen (again). DSLR sales fell over last year, with Canon mentioning that its launch of new models like the EOS 5D Mark III didn't help to shore its camera figures up. Other units within the company didn't fare much better, with printer sales falling and business-to-business numbers flatlining. The company doesn't see a bright fourth quarter either, and is projecting that sales will stay in lockstep with the sluggish economy, resulting in a 6 percent decline in operating profit for the year. It may not want to count so much on the new mirrorless offering pulling it out of the mud, though -- it got fairly mixed reviews.

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Canon announces Q3 2012 results: operating profit down 42 percent to $908 million originally appeared on Engadget on Thu, 25 Oct 2012 07:01:00 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.

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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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Corning touts 1 billion Gorilla Glass devices: that’s a lot of face-saving surfaces

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Dell Streak Gorilla Glass torture test

You could argue that toughened glass is the cornerstone of the modern mobile industry: without the knowledge that our touchscreen phones and tablets could survive the everyday risks of scratches and minor drops, many of us would be terrified of leaving home with a glass-covered mobile device in our hands. Corning now has evidence to prove just how important that silicate can be. In addition to the mostly upbeat third quarter fiscal results you'll find after the break, the firm brags to us that more than one billion devices have shipped with some variant of Gorilla Glass in place, spread across 33 major brands and 500 individual models that are occasionally very immobile. We can't give Corning all the credit when alternatives like Dragontrail exist, but numbers like these make it hard to dispute that millions of gadgets have been spared an untimely end (or a flimsy plastic display) by some clever primate chemistry.

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Corning touts 1 billion Gorilla Glass devices: that's a lot of face-saving surfaces originally appeared on Engadget on Wed, 24 Oct 2012 14:50:00 EDT. Please see our terms for use of feeds.

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Broadcom’s 2012 Q3 sees $2.13 billion sales turn into a $220 million profit

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Broadcom's 2012 Q3 sees $213 billion sales turn into a $220 million profitIf you need to borrow a couple of bucks to tide you over until payday, then the folks over at Broadcom should be feeling altruistic. The chip maker's latest financials show that it pulled in $2.13 billion turnover and a cool $220 million profit. While that's more than the $160 million it pulled in in the second quarter, it's a little off the $270 million it made in the same period last year. Given that the company's innovating with both 802.11ac chips and branching out into the wireless headphone business, they might even lend you some cash next month, too.

Continue reading Broadcom's 2012 Q3 sees $2.13 billion sales turn into a $220 million profit

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Broadcom's 2012 Q3 sees $2.13 billion sales turn into a $220 million profit originally appeared on Engadget on Wed, 24 Oct 2012 10:56:00 EDT. Please see our terms for use of feeds.

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LG records a ‘solid’ $138.57 million net profit for Q3, keeps the positive trend going

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LG Electronics has reported its earnings for Q3 2012, notching its third straight quarter of positive income with a net profit of 157 billion won ($138.57 million) and "solid" performances from its home theater and mobile businesses. Revenue is down from the same period last year, but seeing as it's actually making money this time around it's probably still reason to celebrate. On the mobile side of the aisle it reports an operating profit of $19.42 million with slightly higher sales than Q2, mostly thanks to those LTE smartphones it's been rolling out. Its home entertainment biz noted a rise in LCD sales, with 3D TVs and LED-lit models growing from last quarter in most markets. Looking towards the future it's obviously going all-in on the Optimus G (although our interests run towards the Nexus G that should debut next week), and also looks for its Ultra HD television to raise its standing as a premium brand. Check the press release after the break and PDF linked below for more numbers if that's your thing.

Continue reading LG records a 'solid' $138.57 million net profit for Q3, keeps the positive trend going

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LG records a 'solid' $138.57 million net profit for Q3, keeps the positive trend going originally appeared on Engadget on Wed, 24 Oct 2012 00:32:00 EDT. Please see our terms for use of feeds.

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Facebook posts $59 million net loss in fiscal Q3, touts 1.01 billion active users

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Facebook Mark Zuckerberg

The bloom is slightly off the rose for Facebook. After a banner first post-IPO quarter, it's recording a net loss in its fiscal third quarter of $59 million despite its revenue climbing to $1.26 billion -- a big swing that the company is blaming on payroll tax tweaks and income taxes, which becomes clearer when you learn that the company posted a $311 million profit before factoring in standard accounting practices. Facebook hasn't said exactly what had the biggest impact, although its closing the Instagram deal wouldn't have helped matters. Still, the company isn't glum about its prospects: following an earlier mention of the milestone by founder Mark Zuckerberg, the earnings report touts that there are over 1.01 billion active Facebook users who check in at least once a month, over 604 million of which were mobile. Between a reworked iOS app, a freshened Facebook Messenger and new ad-friendly SDKs, the social network is bracing for a potential bonanza ahead.

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Facebook posts $59 million net loss in fiscal Q3, touts 1.01 billion active users originally appeared on Engadget on Tue, 23 Oct 2012 16:32:00 EDT. Please see our terms for use of feeds.

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Netflix Q3 2012 earnings: 2 million more streaming subscribers worldwide, $8 million net income

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Netflix saw a return to profitability and more than half a million new US subscribers in the second quarter of this year, and it's now announced that it's added a full two million more streaming members worldwide for the third quarter. That brings the company's global base of streaming subscribers to 29 million, 25.1 million of which are in the US. It's also announced another bump in profits to $8 million in net income, with global revenue of $905 million. It's unsurprisingly a different story when it comes to DVD subscriptions in the US, however, with the company reporting a drop from 9.24 million total subscribers in Q2 to 8.61 million in Q3.

In terms of usage, Netflix says that its streaming members have now consumed over three billion hours of content, and that TV shows now account for about two thirds of that viewing activity. The company has also reiterated its commitment to original programming in its letter to shareholders, although it notes that commitment comes with some front-loaded expenses that will result in negative free cash flow for the next "several quarters" beginning with Q4. The company further adds that it believes "investment in originals is wise, and we will evaluate the performance of the slate next year to determine at what level we should fund additional original." You can find the full letter and all the numbers at the source link below.

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Netflix Q3 2012 earnings: 2 million more streaming subscribers worldwide, $8 million net income originally appeared on Engadget on Tue, 23 Oct 2012 16:10:00 EDT. Please see our terms for use of feeds.

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ARM posts healthy Q3 profits: up 22 percent thanks to smart TVs and other growing markets

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ARM posts healthy Q3 profits up 22 percent thanks to smart TVs and other new markets

British chip designer ARM has just revealed its accounts for Q3 2012 and they show a familiar pattern: namely, a double-digit rise in both revenue (up 20 percent to £144.6 million, or around $230 million) and pre-tax earnings (up 22 percent to £68.1 million). According to Reuters, the company is attributing its latest bout of success to making "further inroads" into growing markets like smart TVs and microcontrollers. Of course, all of this is stands in stark contrast to the traditional x86 PC world, where giants like Intel and AMD have been struggling with weak demand.

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ARM posts healthy Q3 profits: up 22 percent thanks to smart TVs and other growing markets originally appeared on Engadget on Tue, 23 Oct 2012 03:00:00 EDT. Please see our terms for use of feeds.

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AMD reports $1.27 billion in revenue for Q3 2012

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STUB AMD reports $ in revenue for Q3

While AMD wrestled to get back on the good foot last quarter, the Sunnyvale chip maker continued to struggle for the third three month financial period of 2012. While reporting $1.27 billion in revenue, the company still saw a ten percent sequential decrease and a 25 percent decrease year-over-year. The hurt not ending there, AMD's graphics division saw a revenue decrease of seven percent sequentially and 15 percent year-over-year. "The PC industry is going through a period of very significant change that is impacting both the ecosystem and AMD," said Rory Read, AMD president and CEO. Such words mirror that of longtime rival Intel, which also continues to struggle with a very unfriendly PC market. In an effort to rebound, AMD announced a restructuring plan to reduce operating expenses that will hopefully give the company more leeway to develop and produce new products and strategies.

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AMD reports $1.27 billion in revenue for Q3 2012 originally appeared on Engadget on Thu, 18 Oct 2012 16:55:00 EDT. Please see our terms for use of feeds.

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Google’s Q3 2012 earnings: $14.10 billion in revenue, $2.74 billion in operating income

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Google's Q3 2012 earnings $1410 billion in revenue, $274 billion in operating income

In an apparent error, Google's Q3 2012 earnings have gone live smack dab in the middle of the trading day, instead of after the closing bell as expected. Early indications are that the search giant has notched third quarter revenues of $14.10 billion, representing a 45 percent uptick compared to Q3 2011. GAAP operating income in the third quarter of 2012 was $2.74 billion, or 19 percent of revenues, and that would explain the near 10 percent slide in the company's stock price. A year ago Google nailed down $3.06 billion, or 31 percent of revenues, when looking at operating profit; investors were expecting some $10.65 per share, while they got just $9.03 per share. When looking at net income, Q3 2012 saw that figure at $2.18 billion, whereas the company raked in $2.73 billion in the same quarter a year ago. Presently, trading has been halted on the company's stock as the dust settles, but one thing is exceptionally clear: pulling in billions in a single quarter won't go over well with Wall Street if its expectations see you pulling in even more.

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Google's Q3 2012 earnings: $14.10 billion in revenue, $2.74 billion in operating income originally appeared on Engadget on Thu, 18 Oct 2012 12:57:00 EDT. Please see our terms for use of feeds.

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