Dell Inc. plans to report quarterly financial results on Thursday that are significantly lower than Wall Street expectations of profit, but higher-than-expected in revenue, according to a person briefed on the results.
After posting an annual net loss of ¥545 billion ($5.4 billion), the biggest in its 100-year history, Sharp Corp. said it plans to replace both its president and chairman after just one year in an unusually public rebuke of former management that underscores the depth of the struggling electronics maker’s problems.
Cisco Systems Inc. shares tumbled this time last year after executives warned their biggest corporate customers were ordering less equipment. If history repeats itself this week, the networking giant will join a dreary but growing club.
Panasonic Corp. Friday posted net losses exceeding ¥750 billion ($7.4 billion) for the second straight year, dragged down by hefty restructuring charges aimed at fixing its ailing electronics business.
Despite a strong first quarter, Activision Blizzard Inc. said its cash cow World of Warcraft fantasy game is losing subscribers, and new videogame consoles may not lead to the sales growth some investors expect.
The company forecast its revenue for the second quarter to return to around 70 billion New Taiwan dollars ($2.37 billion), from a low of NT$42.8 billion in the first quarter. That second-quarter figure would still be 23% lower than the NT$91.04 billion posted a year earlier.