Peter Kafka in Media on February 2, 2011 at 4:42 am PT
But Wall Street wasn’t expecting Tim Armstrong to say otherwise.
John Paczkowski in News on January 25, 2011 at 1:08 pm PT
Investors hoping Yahoo might benefit from the same surge in online display advertising spending that drove Google to its recent big quarter are in luck–except for the big-quarter part: Posting fourth-quarter earnings today after sacking one percent of its staff, the company reported net income of 24 cents per share on revenue of $1.21 billion.
John Paczkowski in Mobile on January 20, 2011 at 3:00 am PT
Evidently a 78 percent net income increase in Apple’s fiscal first quarter was all it took for the market to put aside concerns about CEO Steve Jobs’s indefinite medical leave. Analysts following the company issued a fusillade of bullish notes celebrating the company’s leviathan quarter and raising their guidance for the year ahead. The most bullish target price of all: $550.
John Paczkowski in News on January 18, 2011 at 10:28 am PT
Apple will post results for its first fiscal quarter after the closing bell today, and like most of its financial reports in recent memory, they are expected to be quite strong. Wall Street analysts, on average, expect Apple to post earnings of $5.38 per share, up from $3.67 per share in the same period last year. Revenue is expected to be up 55 percent at $24.3 billion.
Peter Kafka in Media on October 18, 2010 at 1:37 pm PT
First hit from Apple earnings: EPS of $4.64 and revenues of $20.34 billion. The consensus was $4.05 and $18.8 billion.
The Street won’t like guidance, though: Apple is predicting Q1 EPS of $4.80, below the $5.04 analysts were looking for. They will also sputter a bit on this number: Apple sold 4.19 million iPads, and the consensus was 4.7 million. The good news: Apple sold a
lot of iPhones–14.1 million.
John Paczkowski in News on May 4, 2010 at 1:30 pm PT
With its acquisition of Palm, Hewlett-Packard gains a turnkey smartphone division, a venture with a slick smartphone operating system, deep mobile patent portfolio, talented R&D team, the beginnings of an app ecosystem and established carrier relationships. Not bad for the $1.2 billion HP paid for it, though the true cost of the acquisition is likely to run quite a bit higher, according to Deutsche Bank analyst Chris Whitmore.
Kara Swisher in News on April 20, 2010 at 1:27 pm PT
Yahoo said its net income spiked to $310 million, or 22 cents a share, in the first quarter. Revenue, after subtracting what Yahoo pays in advertising commissions, was $1.13 billion.
Wall Street was expecting earnings of nine cents per share and net revenue of $1.17 billion.
It is the best performance under the leadership of CEO Carol Bartz yet, helped by a turnaround in the online advertising industry.
Voices
Eric Savitz, Blogger and Columnist, Barron's in News on February 10, 2010 at 7:40 am PT
Bank of America/Merrill Lynch analyst Scott Craig this morning lifted his rating on Dell to Buy from Neutral, setting an $18 price target on the stock, which yesterday closed at $13.55.
Peter Kafka in Media on January 21, 2010 at 1:46 pm PT
Eric Schmidt’s tender feelings for Apple won’t stop Google from competing directly with Apple’s iPhone: The company spent much of the time on its Q4 earnings call discussing its large mobile ambitions–without talking about specifics, of course. Meanwhile, the search giant posted a big jump in quarterly revenue. But not enough for twitchy investors, who are pushing shares down in after-hours trading.
Peter Kafka in Media on January 14, 2010 at 8:19 am PT
Starting last summer, Google executives have consistently promised that YouTube was close to becoming profitable. When will that finally happen?
This year, says analyst Douglas Anmuth, who thinks the video site will “start contributing positively” to Google’s earnings while generating $700 million in revenue.
