7 posts and columns on financial results

Time to Start Looking for a Buyer, Palm?

in News on February 25, 2010 at 7:00 am PT

So much for Palm’s big recovery. This morning, the company lowered its fiscal-year revenue forecast and warned of a grotesque 30 percent shortfall in its current quarter. Palm expects third-quarter revenue to be between $285 million and $310 million–significantly less than the $425.4 million analysts had been expecting.
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Microsoft Revenue Up 14 Percent in Second Quarter

in News on January 28, 2010 at 1:35 pm PT

Reporting second-quarter earnings in January 2009, Microsoft–beaten down by the worst PC market in several years–announced the first mass layoffs in the its 35-year history. Ugly times. But what a difference a year makes. Microsoft just reported earnings for its second fiscal quarter, posting significant gains in sales and profits.

Another Blowout Quarter for Apple

in Mobile on January 25, 2010 at 1:35 pm PT

A subscriber to the underpromise-and-overdeliver school of guidance theory, Apple is reknowned for issuing almost comically conservative revenue outlooks and then exceeding them. And this quarter was no different. Reporting earnings after the bell Monday, Apple posted a fiscal first-quarter profit of $3.38 billion on revenue that rose 32 percent to $15.68 billion.

Palm Disappoints

in News on December 17, 2009 at 1:26 pm PT

The second-quarter loss Palm reported Thursday afternoon was narrower than the one it reported last year, but still fell far short of what Wall Street had been expecting. The company did manage to ship a total of 783,000 smartphone units during the quarter, though, a five percent decrease from last quarter but a year-over-year increase of 41 percent.
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Sony Earnings Fall From Ugly Tree, Hit Every Branch on the Way Down

in News on May 14, 2009 at 5:15 am PT

About the best thing to be said for Sony’s grotesque financial results is that they came in smaller than expected. The company’s 98.9 billion yen ($1 billion) loss for the fiscal year ended March–its first net loss in 14 years–wasn’t nearly as bad as the 150.0 billion yen ($1.57 billion) figure it had predicted in January or even close to the 173.8 billion yen ($1.8 billion) analysts polled by Thomson Reuters had been forecasting.
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Google Announces Second-Quarter Disappointment

in News on July 17, 2008 at 1:51 pm PT

Google posted its latest financials Thursday afternoon, and though second-quarter net income rose 35 percent, the company’s results fell short of estimates. Google Chief Executive Eric Schmidt described the company’s performance as “another strong quarter, despite a more challenging economic environment.” Sadly, investors didn’t quite see it that way. Shares in the company tanked in after-hours trading.