While reporting their 3Q earnings, GM made a desperate attempt to draw government attention by declaring they would run out of cash in 2009 if the economic slump continues and they do not receive government aid. The Big Three have been asking for government aid since the $700B bailout passed for financial sector and if [...]
November 9th, 2008 | supa | Comments | ContinuedAll Posts Tagged With: "earnings"
Amazon shares soar on Q2 earnings
SEATTLE, Jul 23, 2008. Amazon.com announced financial results for its second quarter ending June 30, 2008. Net sales increased 41% to $4.06 billion in the second quarter, compared with $2.89 billion in second quarter 2007. Excluding benefits of foreign exchange rates through the quarter, net sales grew 35% compared with second quarter 2007.
Operating income increased [...]
Yahoo profit falls short of expectations
Yahoo today announced it’s financial numbers for Q2 2008. The company had revenues of $1.798 billion and operating Income - $101 million. Revenues were up 6 percent increase compared to the same period in 2007. Net income for the second quarter of 2008 was $131 million or $0.09 per diluted share compared to $161 million [...]
July 22nd, 2008 | rp | Comments | Continued
Apple shares tank after hours despite strong Q3
Apple’s stock got hammered after hours despite a strong quarter and significant growth in Mac computer sales. The company today announced financial results for its fiscal 2008 third quarter ended June 28, 2008. The Company posted revenue of $7.46 billion and net quarterly profit of $1.07 billion, or $1.19 per diluted share. Revenues and EPS [...]
July 21st, 2008 | rp | Comments | Continued
Microsoft has record revenues, outlook disappoints
Highlights
Revenue of $15.84 billion for the Q4 - ending June 30, 2008, an 18% increase over the same period in 2007.
Operating income and diluted EPS for Q4 were $5.68 billion and $0.46 - growth of 42% and 48%, respectively, over the same period in 2007
$1.1 billion charge in Q4 related to the expansion of [...]
July 18th, 2008 | rp | Comments | Continued
AMD reports results, CEO changed
AMD (NYSE:AMD) today reported second quarter 2008 revenue of $1.349 billion, a 7% decrease compared to the first quarter of 2008 and a three percent increase compared to the second quarter of 2007. As part of its previously communicated review of its non-core businesses, AMD decided to divest its Handheld and DTV product businesses, and [...]
July 18th, 2008 | rp | Comments | ContinuedRIM reports Q1 FY09 revenues, stock tanks after hours
Blackberry maker Research In Motion ( RIM ) reported earnings for first quarter of FY09. Revenue for the quarter was $2.24 billion, up 107% from $1.08 billion in the same quarter of last year.
During the quarter, RIM shipped approximately 5.4 million devices. Approximately 2.3 million net new BlackBerry® subscriber accounts were added in the quarter. [...]
Vodafone CEO steps down
Vodafone Group Plc today announces that, after five years in the role, Arun Sarin will be retiring as Chief Executive at the end of the Company’s AGM on 29th July 2008. He will be succeeded by Deputy Chief Executive Vittorio Colao.
Under Sarin, Vodafone expanded heavily into emerging markets including Romania, Czech Republic, Turkey, and most [...]
HP’s Q2 profit up, margins rise due to non-US demand
HP Reported Second Quarter 2008 results today. Highlights from the quarter are as follows - net revenue up 11%, or $2.7 billion, from a year earlier to $28.3 billion , GAAP operating profit up 22% to $2.6 billion; $0.80 earnings per share, up from $0.65 a year earlier and non-GAAP operating profit up 22% to [...]
May 20th, 2008 | rp | Comments | ContinuedS&P 500 Q1 Earnings Down 25.9%
According to preliminary figures released today by Standard & Poor’s Index Services, first quarter 2008 operating earnings for the S&P 500 declined 25.9% over the first quarter of 2007, marking the third consecutive quarter the index has reported declining earnings — an event not seen since the fourth quarter of 2001.
With [...]
Berkshire profit falls 64%, revenue down year over year
Berkshire reported earnings for first quarter 2008. Revenue for the quarter was down year over year. Operating earnings for Q1 2008 was $1.93 billion compared to $2.21 billion one year ago. Net income was $607 per class A share, down from $1682 one year ago.
Fall in earnings resulted due to an unrealized $1.6 billion [...]
Yahoo beats analyst estimates - Q1-08
Yahoo just announced their Q108 financial results. Revenue for the quarter was $1.82 billion compared to $1.67 billion for Q107 - and increase↑ of 9%. Excluding the traffic acquisition costs, revenue for the quarter was $1.35 billion compared to $1.2 - an increase↑ of 14%
GAAP income for the quarter was $542 million. Excluding [...]
