Tag Archives: quarterly earnings

HTC reveals Q2 2012 financial results: 57.8 percent net profit drop blamed on customs issues and weak sales

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HTC has reported a substantial drop in its quarterly profits, with unaudited results for Q2 2012 totaling T$7.4 billion ($250 million), down from T$17.52 billion this time last year. While it marks an improvement compared to the company's dire first quarter of this year, HTC's been troubled by weaker-than-expected European sales, while customs issues have hampered US sales for high-end devices like the One X. Despite the continued global roll-out of the One series, sales continue to stall, with consolidated sales for last month totaled T$30 billion, unchanged from May and 33.4 percent less than June 2011.

HTC reveals Q2 2012 financial results: 57.8 percent net profit drop blamed on customs issues and weak sales originally appeared on Engadget on Fri, 06 Jul 2012 04:29:00 EDT. Please see our terms for use of feeds.

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Amazon’s Q1 2012 earnings: net income down 35 percent to $130 million, net sales at $13.18 billion

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It's no Apple-sized quarter, but you'd need to be on HGTV's Million Dollar Rooms a handful of times over to scoff at Amazon's Q1 2012 earnings. After reporting $177 million in net earnings last quarter (on $17.43 billion in revenue), the online sales behemoth has today registered $13.18 billion in net sales -- proudly reporting that said tally was up from the $9.86 billion in its Q1 a year ago. Excluding the $56 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales would have grown 34 percent compared with first quarter 2011. As for operating income? That checked in at $192 million (compared to $322 million Q1 2011), with the outfit noting that the "unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter on operating income was $4 million." Net income also sank 35 percent from $201 million a year ago, but it still left Amazon with $130 million more in the bank than it had just three months ago.

It's important to note that the outfit didn't have "the holidays" here to help out, but it's still a bit worrisome to investors when profit margin shrinks. Focusing on more positive things, CEO Jeff Bezos noted that Amazon has "over 130,000 new, in-copyright books that are exclusive to the Kindle Store," again reminding the world that Amazon Prime members can "borrow them for free with no due dates." We're also told that the Kindle Fire remains the top, most gifted and most wished for product across its entire store, while pointing out that the North American sales segment was up 36 percent from Q1 2011 (reaching $7.43 billion). Our overseas comrades -- specifically, Amazon's UK, German, Japanese, French, Chinese, Italian and Spanish sites -- accounted for $5.76 billion in sales, up 31 percent year-over-year. Worldwide media sales saw a 19 percent uptick to $4.71 billion, while global electronics and "other merchandise" saw sales grow a whopping 43 percent to $7.97 billion. Notably, the company continually banged on unfavorable exchange rates, so if you're looking for a place to heap blame... well, there you go.

Continue reading Amazon's Q1 2012 earnings: net income down 35 percent to $130 million, net sales at $13.18 billion

Amazon's Q1 2012 earnings: net income down 35 percent to $130 million, net sales at $13.18 billion originally appeared on Engadget on Thu, 26 Apr 2012 16:36:00 EDT. Please see our terms for use of feeds.

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Apple Q2 2012 earnings: $39.2 billion in revenue, net profit of $11.6 billion

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How do you follow up a stunning Q1 where you set record quarterly earnings and issue a sizable dividend to investors? Well, if you're Apple, you just keep on keepin' on, shattering even the wildest expectations with "a record March quarter." Leading up to today's earnings, the outfit's stock was down around two percent, mostly on reports that iPhone activations were something other than mind-blowing. That said, shares have already started to creep back into positive territory in after-hours trading. Wall Street was hoping for around $36.88 billion in revenue (despite lower guidance from Apple itself), with upwards of 30 million iPhones sold and 12 million iPads sold -- galling numbers, no matter how you slice it.

The actuals? Well, we're seeing $12.30 earnings per share, compared to an estimated $10.04 earnings per share. It all adds up to $39.2 billion in revenue and $11.6 billion in pure, unadulterated profit with 35.1 million iPhone units sold alongside 11.8 million iPads. (Of note, the new iPad was only on sale for around a fortnight in this quarter, making that figure even more impressive.) The former represents an 88 percent unit growth over the year-ago quarter, while the latter shows a 151 percent unit increase over the year-ago quarter. Though Mac sales weren't equally astonishing, the four million units sold in the past three months indicates a seven percent uptick compared to Q2 2011. The iPod department, which has been sinking in recent years as iPads and iPhones become the primary music players of consumers, still saw 7.7 million units sold, representing a 15 percent decline from the same quarter last year.

Just to put things in perspective, Apple nearly doubled its profits in Q2 2012 compared to Q2 2011, and practically quadrupled it compared to Q2 2010.

Just to put things in perspective, Apple nearly doubled its profits in Q2 2012 compared to Q2 2011, and practically quadrupled it compared to Q2 2010. As for CEO Tim Cook's reaction? Aside from grinning from ear-to-ear looking at his growing stash of loot, he stated: "We're thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter. The new iPad is off to a great start, and across the year you're going to see a lot more of the kind of innovation that only Apple can deliver." Keep on telling us that, Tim, and we'll keep waiting. The conference call kicks off at 5PM ET, and we'll be liveblogging it just after the break!

Continue reading Apple Q2 2012 earnings: $39.2 billion in revenue, net profit of $11.6 billion

Apple Q2 2012 earnings: $39.2 billion in revenue, net profit of $11.6 billion originally appeared on Engadget on Tue, 24 Apr 2012 16:29:00 EDT. Please see our terms for use of feeds.

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HTC predicts 55 percent revenue jump, could hint at strong One sales

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HTC predicts 55 percent revenue jump thanks to One phones

HTC's results for Q1 2012 were a long way short of spectacular, but they came too early to see any impact from sales of its latest wares -- particularly the flagship One X and the ambitious mid-range One S. According to Reuters, the Taiwanese manufacturer now predicts that its revenue will leap by 55 percent in Q2, compared to that bad last quarter. That kind of growth equates to around $3.56 billion, which isn't so impressive when you compare it to the same quarter last year, when turnover broke records and was around 20 percent higher, but it's still an encouraging sign that this company could reap what it sowed at MWC.

HTC predicts 55 percent revenue jump, could hint at strong One sales originally appeared on Engadget on Tue, 24 Apr 2012 05:14:00 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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Nokia: Two million Lumia phones sold in Q1 but profits still falling

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Nokia's announced preliminary information on its forthcoming Q1 results due on April 19th. It's reportedly sold €4.2 billion worth of phones, €2.3 billion coming from the sale of 71 million dumbphones and €1.7 billion coming from smart devices. On the upside, sales of the Lumia handsets are still growing, selling two million of the series in the last three months alone. However, "competitive industry dynamics" and the cost of its painful transition into a modern smartphone player have meant the numbers aren't too pleasing. The figures mean that the company will make a loss of around three percent below "break even," but Stephen Elop remains bullish, saying that his team is "continuing to increase the clock speed of the company" and that "the change is tangible."

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Nokia: Two million Lumia phones sold in Q1 but profits still falling originally appeared on Engadget on Wed, 11 Apr 2012 08:38:00 EDT. Please see our terms for use of feeds.

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HTC’s unaudited Q1 2012 financials: revenue down by 35 percent

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HTC's unaudited financials have just hit the wires and it looks like the negative trends from last year are continuing. For the first quarter of 2012, revenues are down nearly 35 percent year-on-year, with revenues of 67,790 million Taiwanese dollars (around $2.3 billion) for the period. Operating income was 5,099 million Taiwanese dollars (roughly $173 million) and profits after tax 4,464 million Taiwanese dollars ($151 million). The company must be hoping that this represents the end of the nasty hangover from its previous scatter-gun approach to phone production. Now that it's gone with the sleek and slender One series lineup, we'll see how well the company's about-turn does in the next two quarters.

HTC's unaudited Q1 2012 financials: revenue down by 35 percent originally appeared on Engadget on Fri, 06 Apr 2012 04:31:00 EDT. Please see our terms for use of feeds.

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