Tag Archives: Earnings reports

Toshiba Q2 results: profit of $722 million, whole-year forecast cut by $500 million

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Toshiba Q2 results profit of $722 million, wholeyear forecast cut by $500 million

Toshiba has managed to pick itself up this quarter, recording $17.8 billion in sales, making for an operating profit of $722 million over the past three months. The "social infrastructure" segments recorded a healthy profit ($518 million), while income from digital products, home appliances and electronic devices fell due lower than expected demand. Forecasts for the year have been cut for the full year by approximately $500 million to $3.26 billion, as Toshiba expects lowers sales and operating profits due to the uncertain global economic situation. Individual segments are expected to continue their distinct trends, with the social infrastructure business pulling in more while its other arms bear the brunt of the economic slowdown.

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Toshiba Q2 results: profit of $722 million, whole-year forecast cut by $500 million originally appeared on Engadget on Wed, 31 Oct 2012 04:30:00 EDT. Please see our terms for use of feeds.

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Netflix Q2 2012 earnings: 530,000 more US subscribers and a return to profitability

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Netflix recently let it drop that its users clocked in more than one billion hours of content-viewing in the month of June alone, although the big question for CEO Reed Hastings is how that relates to the company's subscriber base. The results are in from its Q2 2012 earnings report, and it's claiming 27.56 million streaming subscribers worldwide, up from 26 million last quarter. In the US alone that includes 23.94 million customers, after it reported 23.4 million in Q1, while DVD customers dropped by 850k to 9.24 million. While the number of new subscribers wasn't as high as some had hoped, the good news is the company is finally back in the black, with $889 million in revenue providing $6 million in net income. On the flip side, a plan to launch service in an "additional attractive European market" in Q4 is expected to result in temporary losses, but we'll find out more about those plans later in Q3.

One other issue that has been resolved is the search for a new Chief Marketing Officer resulting in the hiring of Kelly Bennett, formerly a marketing executive with Warner Bros. This morning Verizon and Redbox began to carefully pull back the cover on their competing offering, and Amazon has also been making significant waves in the space. However in response, Netflix says Amazon and Hulu Plus have yet to gain meaningful traction in relation to its viewing hours, and it expects Redbox Instant to face a "big challenge" to break into the existing top 3. Its current content deal with Epix will lose online exclusivity "shortly" although it will still offer those titles, we'll see if any of the competition joins in. Their biggest competition however, is expected to come from efforts like Comcast's new X1 and Sky's Now TV, while for HBO, the possibility of cooperation is actually raised (again). We'll see if that happens or if there are any more juicy details revealed on the investor call in a few minutes.

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Netflix Q2 2012 earnings: 530,000 more US subscribers and a return to profitability originally appeared on Engadget on Tue, 24 Jul 2012 16:07:00 EDT. Please see our terms for use of feeds.

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DirecTV adds 81,000 subscribers during Q1 in the US, increases revenue by 12 percent

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DirecTV adds 81,000 subscribers during Q1 in the US, increases revenue by 12 percent

Unlike with Comcast, Wall Street experts weren't surprised by DirecTV's latest Q1 results -- in fact, they were quite disappointed. The satellite provider only managed to add 81,000 subscribers in the US of A during the quarter, which is more than a 50 percent decrease compared to last year's Q1 (184,000). Meanwhile, DirecTV did see a 12 percent increase in revenue, pushing the total to about $7.05 billion. That last bit thanks in large part to landing over 590,000 new customers in Latin America, though that didn't keep its current share price from dropping about 2.7 percent to $46.60. Nonetheless, DirecTV CEO, Mike White, says his company "delivered another strong quarter [..] highlighted by double-digit revenue, EPS and cash flow growth." Us? Well, we're wondering why those "roadside ditch" commercials aren't luring more Stateside folks away from cable...

Continue reading DirecTV adds 81,000 subscribers during Q1 in the US, increases revenue by 12 percent

DirecTV adds 81,000 subscribers during Q1 in the US, increases revenue by 12 percent originally appeared on Engadget on Tue, 08 May 2012 17:18:00 EDT. Please see our terms for use of feeds.

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Motorola Solutions reports Q1 2012 sales of $2 billion, expects jump in Q2

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Motorola Solutions (MSI) -- the less familiar Motorola that makes radios, barcode scanners and such for government and enterprise sectors -- just posted sales of $2 billion for the first quarter of 2012. This is a seven percent boost over Moto's results from the same period last year, and that growth reflects an 11 percent jump in government sales. It wasn't all rosy for Motorola this quarter, though: Profit was down two-thirds to $157 million, and sales to large businesses slipped two percent. MSI (not that MSI) expects second-quarter sales to grow six percent compared to last year's earnings, so it doesn't look like government clients will be dropping those wearable displays any time soon.

Continue reading Motorola Solutions reports Q1 2012 sales of $2 billion, expects jump in Q2

Motorola Solutions reports Q1 2012 sales of $2 billion, expects jump in Q2 originally appeared on Engadget on Wed, 25 Apr 2012 18:24:00 EDT. Please see our terms for use of feeds.

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