Tag Archives: quarterly earnings

Barnes and Noble sees quarterly sales surge, losses fall to $41 million

Posted on by

Barnes and Noble sees sales surge, losses fall as quarter ends in profit

Barnes & Noble has had a quarter worth remembering, bringing in $1.5 billion and reducing its losses to $41 million -- down from $57 million last year. Retail business was up, thanks to the closure of Borders branches and blockbuster sales of Fifty Shades of Grey, while College sales increased quarterly losses by $2 million to $14 million. While online sales fell 7.6 percent and the Nook business remained flat, the company saw digital content purchases skyrocket by 46 percent -- and the company couldn't produce enough GlowLight devices to satisfy demand. Wondering about the company's tie-up with Microsoft? There's still no news beyond that it hopes the new partnership will be up and running by the fall.

Continue reading Barnes and Noble sees quarterly sales surge, losses fall to $41 million

Barnes and Noble sees quarterly sales surge, losses fall to $41 million originally appeared on Engadget on Tue, 21 Aug 2012 09:57:00 EDT. Please see our terms for use of feeds.

Permalink   |   | Email this | Comments

Olympus hangs $57 million loss on austerity, strong yen and declining compact camera market

Posted on by

Olympus hangs $57 million loss on austerity, strong yen and declining compact camera market

Olympus is reporting a $56.7 million loss for its first quarter of 2012. While its coveted medical imaging arm remains profitable, its life-science and industrial unit suffered thanks to corporate belt-tightening. Unsurprisingly, its low-end compact camera market is shrinking, but sales of its OM-D E-M5 ILC increased by 50 percent, offsetting some of the losses and reducing operating losses from $89 million last quarter to $19 million in this one. Like many of its Japanese rivals, it's also found a strong yen has stifled its return to productivity, a trend that isn't likely to change soon.

Filed under:

Olympus hangs $57 million loss on austerity, strong yen and declining compact camera market originally appeared on Engadget on Thu, 09 Aug 2012 05:16:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceOlympus (PDF), (2)  | Email this | Comments

Nikon makes $201 million quarterly profit, nearly 50 percent drop from last year, blames strong yen

Posted on by

Nikons 2013 Q1 $201 million in profit down nearly 50 percent from last year

Nikon's odd financial calendar means that the camera maker is announcing its first quarter results for 2013. The confusingly-dated documents show that it isn't having the best Spring / Summer, since while it pulled in a net profit of $201 million, that figure is down nearly 50 percent on the $392 million it made in the same period last year. It sold a record number of interchangeable-lens cameras, lenses and a good number of compact cameras, but that was offset against the high cost of the yen.

Its other businesses, Precision Equipment and Instruments both suffered thanks to Government spending cuts, a "harsh business climate" and the now age-old problem of the high exchange rate. It's expecting the situation to remain the same in the next three months, with booming camera sales weight against losses in its other businesses -- with a projected profit of $143 million anticipated in Q3.

Filed under:

Nikon makes $201 million quarterly profit, nearly 50 percent drop from last year, blames strong yen originally appeared on Engadget on Wed, 08 Aug 2012 06:47:00 EDT. Please see our terms for use of feeds.

Permalink   | 
  • Source:Nikon (PDF)
    •  | Email this | Comments

    Sharp pain continues with $1.2 billion loss in Q1, drastically lowered forecast for 2012

    Posted on by

    Sharp pain continues with $12 billion loss in Q1, drastically lowered forecast for 2012Having already scraped through a disastrous 2011, Sharp had been banking on making a small but significant profit this year. Those hopes have now evaporated, with the Japanese manufacturer's forecast of 20 billion yen ($250 million) in operating earnings for 2012 being revised down to a 100 billion yen ($1.25 billion) loss. That dose of reality is largely the result of the quarter just gone, in which hardly anyone appears to have bought an Aquos TV (despite the 90-incher being pretty amazing) or a Sharp-made LCD panel, and the company made a 94 billion yen ($1.2 billion) loss in the space of just three months. According to Reuters, as many as 5,000 staff may lose their jobs in the company's first major round of lay-offs.

    Filed under:

    Sharp pain continues with $1.2 billion loss in Q1, drastically lowered forecast for 2012 originally appeared on Engadget on Thu, 02 Aug 2012 02:58:00 EDT. Please see our terms for use of feeds.

    Permalink   |  sourceReuters  | Email this | Comments

    Sony releases Q1 2012 financial results, eats $312 million loss

    Posted on by

    Sony's

    Sony's first-quarter figures for 2012 show that despite the company's optimism three months ago, it's made a net loss of $312 million. It pulled in a whopping $19.2 billion in sales for the three months ending June 30th, partly credited to bringing Sony Mobile fully into the family. However, the cost of restructuring the Mobile Products and Communications Division (of which Sony Mobile is a part) came to $143 million, wiping out the additional gains to record a loss of $356 million. Gaming-wise, the PlayStation maker suffered a $45 million loss as falling sales of the PSP and PS3 were only partially offset by the sales of the PS Vita. There was better news in its imaging division, while sales of compact cameras fell, DSLRs and "Professional" products took up the slack, resulting in a profit of $160 million.

    In a trend we've seen across the Home Entertainment industry, sales of LCD televisions continued to fall, forcing the company to eat a loss of $126 million. Movie and TV recorded a loss of $62 million, although that's primarily due to a dip in advertising sales in India and the cost of marketing (but not producing) The Amazing Spider-Man, the profits of which won't be recognized until September. Finally, while it spent big to purchase EMI this quarter, big-ticket albums like Usher's Looking 4 Myself and One Direction's Up All Night helped the division make a profit of $92 million. While Sony's treading water to execute Kaz Hirai's "One" Strategy, it's still got $8.4 billion stashed under the mattress, and in the face of lower sales, is hoping that reduced costs will help it make $1.6 billion in profit by the end of March 2013.

    Filed under: , , , , ,

    Sony releases Q1 2012 financial results, eats $312 million loss originally appeared on Engadget on Thu, 02 Aug 2012 02:30:00 EDT. Please see our terms for use of feeds.

    Permalink   |  sourceSony (PDF)  | Email this | Comments

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

    Posted on by

    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.

    Filed under: ,

    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.

    Permalink TechnoBuffalo  |  sourceMetroPCS, FierceWireless  | Email this | Comments

    Amazon Q2 2012 earnings: net income down 96 percent to $7 million, net sales up 29 percent to $12.83 billion

    Posted on by

    DNP Amazon Q2 2012 earnings TKTKTK

    When internet mega retailer Amazon kicked off its fiscal year this past spring with $13.8 billion in net sales, the prognosis for the quarter ahead was dour, to say the least. At the time, the company projected its Q2 2012 performance would see an operating loss of $40 million to $260 million versus Q2 2011, as well as a slight down tick in revenue at $11.9 billion to $13.3 billion quarter to quarter. Well, the numbers are in and it looks like the forecast was right on the money. The Seattle-based outfit posted $7 million in net income for the quarter, a year over year loss amounting to a whopping 96 percent decrease. As for net sales, that picture's a bit rosier given the 29 percent increase over Q2 2011 that saw the Bezos-backed co. pull in $12.83 billion -- a figure that would have risen to 32 percent were it not for a $272 million hit due to "changes in foreign exchange rates[.]" Operating cash flow for Q2 2012 was down by nearly half at $107MM compared to the same segment last year.

    Unsurprisingly, the company's budget Kindle Fire tab -- which has enjoyed relatively weak competition up to now -- is still the number one item across Amazon's site, with titles in its Lending Library growing to over 170,000. Bezos also made note of Prime's growth, pegging that subscription offering's catalog of items at 15 million and highlighting the addition of 18,000 movies and TV shows to its streaming service.

    As for the future, the company expects Q3 net sales to grow by at least 19 percent year-over-year, landing somewhere between $12.9 billion and $14.3 billion, with a projected operating loss of $50 million to $350 million. Hit up the PR after the break for the full load of financial highs and lows.

    Continue reading Amazon Q2 2012 earnings: net income down 96 percent to $7 million, net sales up 29 percent to $12.83 billion

    Amazon Q2 2012 earnings: net income down 96 percent to $7 million, net sales up 29 percent to $12.83 billion originally appeared on Engadget on Thu, 26 Jul 2012 16:09:00 EDT. Please see our terms for use of feeds.

    Permalink   |   | Email this | Comments

    Sprint’s iPhone gamble isn’t paying off as 2012 Q2 figures reveal $629 million operating loss

    Posted on by

    Sprints iPhone gamble isnt paying off as 2012 Q2 figures reveal $14 billion loss

    Sprint's second quarter figures have arrived, showing that the company's billion-dollar gamble on the iPhone isn't working right now. While it sold 1.5 million Apple-branded handsets in the three month period (40 percent to new and postpaid customers), it recorded an operating loss of $629 million and a colossal net loss of $1.4 billion -- compared to an operating loss of $255 million and a net loss of $863 million in the first quarter. Operating revenues of $8.8 billion improved on those in the first quarter by a single percent -- mostly due to higher service fees from its wireless offerings. It's also grown its cash reserves, up from $128 million last quarter to $267 million today, and can point to 442,000 postpaid and 141,000 new prepaid subscribers pushing the company's customer base up to 56 million nationwide -- mentioning that 60 percent of former Nextel users chose to remain with Sprint during the enforced change.

    The figures reveal that Sprint's eating around $782 million due to the shutdown of the Nextel platform and a further $184 million to end leases on antenna sites for the moribund network. It's also having to take a hit of $204 million due to its investment into infrastructure partner Clearwire. It's affirmed its $1 billion lending facility, contingent upon purchasing gear from Ericsson to help build its LTE network, which it aims to have installed in 12,000 sites by the end of the year. Of course, that purchase was prompted by the collapse of Philip Falcone's doomed LightSquared project, which caused the Now Network to lose $66 million in cash and its childhood innocence when it comes to trusting other people.

    Update: Big Yellow also mentioned that it has no plans to adopt a shared data plan to follow AT&T and Verizon.

    Filed under: , ,

    Sprint's iPhone gamble isn't paying off as 2012 Q2 figures reveal $629 million operating loss originally appeared on Engadget on Thu, 26 Jul 2012 07:17:00 EDT. Please see our terms for use of feeds.

    Permalink   |  sourceSprint  | Email this | Comments

    ARM sees profit surge 23 percent, tests forecasters’ patience

    Posted on by

    ARM sees earnings surge 23 percent, tests forecasters' patience

    Just when financial boffins expected ARM's consistent double-digit growth to slow-down, the company has beaten their projections with a 23 percent rise in pre-tax profit compared to Q2 of last year. It made £66.5 million ($103 million) in profit from £135.5 million ($213 million) in revenue from its numerous mobile and low-power processor design licensees. Analysts expected lower performance for the simple reason that the world's biggest chip-makers have warned of tougher "macroeconomic" times ahead -- rival Intel has been careful to dampen people's hopes for its next quarter, for example, and Qualcomm (a major ARM customer) has also reduced its forecasts. Still, it's all just different shades of rolling in it.

    Filed under: ,

    ARM sees profit surge 23 percent, tests forecasters' patience originally appeared on Engadget on Wed, 25 Jul 2012 02:48:00 EDT. Please see our terms for use of feeds.

    Permalink Reuters  |  sourceARM  | Email this | Comments

    Netflix Q2 2012 earnings: 530,000 more US subscribers and a return to profitability

    Posted on by

    Netflix recently let it drop that its users clocked in more than one billion hours of content-viewing in the month of June alone, although the big question for CEO Reed Hastings is how that relates to the company's subscriber base. The results are in from its Q2 2012 earnings report, and it's claiming 27.56 million streaming subscribers worldwide, up from 26 million last quarter. In the US alone that includes 23.94 million customers, after it reported 23.4 million in Q1, while DVD customers dropped by 850k to 9.24 million. While the number of new subscribers wasn't as high as some had hoped, the good news is the company is finally back in the black, with $889 million in revenue providing $6 million in net income. On the flip side, a plan to launch service in an "additional attractive European market" in Q4 is expected to result in temporary losses, but we'll find out more about those plans later in Q3.

    One other issue that has been resolved is the search for a new Chief Marketing Officer resulting in the hiring of Kelly Bennett, formerly a marketing executive with Warner Bros. This morning Verizon and Redbox began to carefully pull back the cover on their competing offering, and Amazon has also been making significant waves in the space. However in response, Netflix says Amazon and Hulu Plus have yet to gain meaningful traction in relation to its viewing hours, and it expects Redbox Instant to face a "big challenge" to break into the existing top 3. Its current content deal with Epix will lose online exclusivity "shortly" although it will still offer those titles, we'll see if any of the competition joins in. Their biggest competition however, is expected to come from efforts like Comcast's new X1 and Sky's Now TV, while for HBO, the possibility of cooperation is actually raised (again). We'll see if that happens or if there are any more juicy details revealed on the investor call in a few minutes.

    Filed under: ,

    Netflix Q2 2012 earnings: 530,000 more US subscribers and a return to profitability originally appeared on Engadget on Tue, 24 Jul 2012 16:07:00 EDT. Please see our terms for use of feeds.

    Permalink   |  sourceNetflix Q2 Letter to shareholders (PDF)  | Email this | Comments