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All Posts Tagged Tag: ‘Financials’

Meg Whitman Confident Despite HP Stagnation

HP this week released its fourth quarter 2014 and fiscal 2014 full-year financial results. The company reported quarterly revenue of $28.4 billion, down 2% from fourth quarter 2013. Full-year revenue was reported to be $111.5 billion, down 1% year-over-year. HP’s lackluster 2014 financial results were not unexpected, and the company hit both its GAAP and non-GAAP diluted net share earnings …

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Rite Aid Stock Down on Poor Earnings Update

Stock in Rite Aid Corporation is tumbling today following a dismal earnings update by the company. On Thursday Rite Aid released sales results for May and updated its quarterly and yearly earnings estimates, previewing a year of worse-than-expected earnings. Rite Aid reported that its front-end same store sales for the five weeks ending on May 31 increased just 0.5% over …

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BlackBerry Announces $4.4 Billion Third-Quarter Loss

BlackBerry today released its third quarter financial report and the results are about as dire as everyone expected. BlackBerry is reporting a $4.4 billion loss today, illustrating just how dire the situation is for the Canadian tech company. Over half of that loss ($2.4 billion) comes as part of a long-lived asset adjustment charge and over $1.3 billion related to …

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Sprint Losses Drop, But So Do Subscribers

Sprint, the third largest wireless carrier in the U.S., today released its first quarter 2013 financial results. The report shows that the company’s net losses have decreased from the fourth quarter of 2012, though it also shows worrying trends, such as falling subscriber numbers. Sprint reported a net loss of $643 million, compared to the $863 million net loss it …

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LinkedIn Nails its Fourth Quarter, Yearly Earnings

If there’s one thing LinkedIn is, it’s consistent. The company has slowly built its brand and membership numbers in the crowded social media space where other companies are getting bloodied. LinkedIn today announced its fourth quarter 2012 and year-end 2012 financial results, and, once again, the social network for professional networking hit its marks. The company pulled in revenue of …

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Netflix Added 2 Million Streaming Subscribers Over the Holidays

Though the competition to provide robust streaming services is heating up with the growth of Hulu Plus, Amazon Prime Instant Video, and the new Redbox Instant, Netflix is still holding its own. The company this week announced its fourth quarter financial results, and the news is overwhelmingly positive. Netflix managed to add just over 2 million new subscribers to its …

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HTC Profit Tanked in the 3rd Quarter of 2012

Today the Wall Street Journal reported that HTC’s most recent quarterly profits are down 79% from last year. The company reported a third-quarter net profic of $133 million. Though the company still made money, its quarter 3 2012 reports its lowest profits since 2006. The reason for HTC’s shrinking profits probably has something to do with Apple’s continued success in …

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You Were Worth a Lot More to Facebook in 2007 When It Was More Private

So much of what gets said about Facebook these days revolves around what the company is worth, what Mark Zuckerberg is worth, what other Facebookers are worth; or, since the company’s hilariously bad initial public offering, the public conversation has been more focused on how much all of the aforementioned parties have lost thanks to Nasdaq, Facebook shares going belly-up, …

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Internet Ad Revenue Pops Q1 Record with $8.4 Billion

The 2012 fiscal year is off to a good start for internet advertising as the first quarter welcomed a record-breaking $8.4 billion in revenue, more than any previous first quarter. The news comes by way of the semi-annual Internet Advertising Report, compiled by Interactive Advertising Bureau and PwC U.S., that found that this first-quarter record is a 15% increase over …

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AOL’s Patch Set New Traffic, Revenue Record in May

Despite a damaging report last month from a group of disgruntled investors that said AOL’s Patch was not a “viable business,” the service still had a good month in May as it set an all-time high for traffic and revenue. Patch, AOL’s local news dispensary, served 11.7 million users in May, marking a 14% increase in users from April when …

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Nasdaq Hopes to Appease Facebook Investors with Modest Compensation

The Nasdaq OMX Group hopes to make up for that small-but-disastrous glitch on the day of Facebook’s initial public offering by compensating affected investors who were trying to get in on the early trading. According to the Wall Street Journal, the exchange organization has been notifying brokers that it plans to submit the proper filings tomorrow in order to begin …

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Nasdaq’s Fallout from the Fubar Facebook IPO

Given that everyone was so excited and looking to the future with Facebook’s initial public offering on Friday, there has been a surprising absence of good news to come out of the it since it happened. It’s not even that there’s an absence of good news but an overwhelming pall of bad news. Friday stumbled out of the gates and …

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