9 posts and columns on net profit

News Byte

Google Hands the Media a $5 Million "Get Well Soon" Check

in Media on October 26, 2010 at 10:29 am PT

Worried about the future of journalism? So is Google. So it is handing $5 million grants to nonprofits “that are working to develop new approaches to journalism in the digital age.” Two million of that goes to the John S. and James L. Knight Foundation, and the other $3 million will go to journalism projects outside of the U.S., which Google sales boss Nikesh Arora says will be named next year. Easy enough to cast aspersions on Google’s intentions here, but we’ll leave that to others: A grant is a grant, right? But for context: Google had net profits last quarter of $2.17 billion.

Reminder! Facebook Is Really, Really Big.

in Media on June 18, 2010 at 7:26 am PT

A reminder: When Facebook executives aren’t busy fending off privacy queries, they’re running a business. A really big one. How big? Try $800 million last year.

Nokia Pushes Smartphone Share Back Up to 40 Percent

in News on January 28, 2010 at 7:36 am PT

Painful as it was, Nokia’s savage cost-cutting is clearly paying off. This morning, the company posted a stronger-than-expected 65 percent rise in fourth-quarter net profit on rising handset sales–smartphone sales in particular.

Ericsson Posts Q4 Layoff Surplus

in News on January 25, 2010 at 7:32 am PT

The 5,000-plus layoffs Ericsson announced in 2009 evidently didn’t pare the company’s costs as much as the company hoped. Ericsson said Monday that it plans to sack another 1,500 employees this year as it steels itself to compete in a tough market.
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Ericsson: Thanks a Lot, Sony

in News on April 30, 2009 at 5:08 am PT

Now we know why Ericsson declined to offer a specific business outlook for 2009 when it last reported earnings. This morning the company posted a 35 percent drop in first-quarter profit, its financials undermined by its Sony Ericsson joint venture and by customers postponing purchases because their local currency has collapsed.

A Short, Sharp Shock

in News on February 6, 2009 at 3:15 pm PT

Apple's Q1 Blowout

in News on January 21, 2009 at 1:39 pm PT

Morbidly inclined investors and business media can speculate all they like about Apple CEO Steve Jobs’s health and Apple’s future with or without him, but in fact, the company has never been healthier. Apple just reported a blowout quarter.

Apple’s Q1 Blowout

in News on January 21, 2009 at 1:39 pm PT

Morbidly inclined investors and business media can speculate all they like about Apple CEO Steve Jobs’s health and Apple’s future with or without him, but in fact, the company has never been healthier. Apple just reported a blowout quarter.

AAPLause, Please

in News on October 21, 2008 at 2:20 pm PT

What a lousy day to report earnings. The Dow fell 231.77 points, or 2.5 percent, to finish at 9,033.66, and Nasdaq dropped 73.35 points, or 4.1 percent, to finish at 1,696.68, in a market that beat most tech issues into bloody submission. Not the sort of jovial earnings report atmosphere you hope for when you’re a company whose share price has lost half its value since the beginning of the year. But lo and behold! When Apple reported quarterly results today, they were good … very good.