Verizon's latest quarterly report reveals a carrier chugging along nicely, thank you very much. Total revenue (including wireless and wireline) is up slightly to $29.8 billion, while wireless service revenue on its own grew by 8.3 percent compared to the same quarter last year. Nearly a million (941,000) new retail postpaid customers joined the VZW brigade, some of whom may have been drawn to the carrier's expanding LTE service, which is now available to 301 million Americans, as well as to new handsets like the Nokia Lumia 928 and possibly even the BlackBerry Q10 (or maybe not). In any case, those high-margin subscribers helped to increase profit by 14 percent -- so long as you're the kind of person who's content to be guided by "non-GAAP consolidated adjusted earnings per share." There's also no sign of the pension-related issues that affected the company last quarter, which leaves this carrier high and dry, regardless of how smartphone saturation may be affecting others along the food chain.
Update: In its earnings call, Verizon added that 59 percent of traffic on its network is on 4G LTE, and 52 percent of its smartphone activations (around 3.8 million device activations) were iPhones.
Filed under: Cellphones, Mobile, Verizon
Via: CNBC
Source: Verizon (PDF download)
The closing bell has rung, and Yahoo has released its earnings for the second quarter of 2013. What's the final verdict? Compared year-to-year over the same quarter last year, it's mostly good news for the company: GAAP income is at $137 million (up 150 percent), while GAAP revenue comes in at $1.13 billion (down seven percent). GAAP net earnings came in at $331 million, which is a 46 percent increase from this time last year, while non-GAAP came out at $386 million, a six percent jump. Not bad, given the number of acquisitions the company made this quarter -- nine, to be precise, including Tumblr.
In terms of other highlights from the earnings report, search revenue fell by nine percent year-over-year, while display revenue went down 12 percent. Net earnings per share jumped up 68 percent to $0.30. Full press release is below the break for your perusal.
HP just posted its Q2 financial report, and despite somber news of falling profits and revenue, the company managed to beat consensus estimates and the stock has jumped more than 10 percent in after-hours trading. As for concrete figures, HP pulled in $1.1 billion in profit, which is down 32 percent from just one year ago. Revenue of $27.6 billion reveals a similar story, which is down 10 percent year over year. With respect to HP's Personal Systems group, the company is pulling in a 3.2 percent margin, where revenue is down 20 percent year over year. Here, total unit shipments are down 21 percent, with an 18 percent decline for desktops and a 24 percent hit for notebooks.
Just three months ago, company CEO Meg Whitman promised a bright future for HP with plans to bring "a number of new programs and disruptive innovations to market in the coming quarters," which likely includes such products as the Split x2. Whether consumers will respond remains to be seen, but for the moment, HP is keeping investors happy by returning $1.1 billion to shareholders through dividends and stock repurchases. Meanwhile, in a move to further set expectations, Whitman reiterated her confidence for the rest of the year, but followed with, "As I have said many times before, this is a multi-year journey." The future remains just that, but for the moment, you can hit up the source link for a peek into the current financial health of HP.
Filed under: HP
Source: HP
Nikon might be treading water in Q2 2013 (its fiscal year is time-shifted) with a slight gain to $203 million from Q1, but in the current imaging market climate, that's not necessarily a bad thing. Revenue fell $200 million to $3 billion for the period, which Nikon chalked up to a "sluggish" economy and poor performance in its business, chip and science divisions, along with a rapidly shrinking compact camera market (smartphones, anyone?). Fortunately, the company fared better in the interchangeable lens game, singling out the Nikon 1 mirrorless brand as a "solid performer" as well as its popular DSLR line. Nikon predicts more of the same for the rest of the year, with interchangeable lens camera sales growing while other divisions waffle, resulting in a $750 million profit for the year -- a mirror-image of 2012.
[Image credit: Wikimedia Commons]
Nikon nudges Q2 net earnings to $203 million, DSLRs and Nikon 1 get all the credit originally appeared on Engadget on Fri, 02 Nov 2012 03:34:00 EDT. Please see our terms for use of feeds.
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After a couple of down quarters in a row, Dell needed to come out strong in Q2 of fiscal year 2013. Well, it's probably not as glowing a quarter as the company was hoping for, but a slight rebound in profits from last quarter should give it something to smile about. Revenue was up roughly $100 million sequentially, which translated into an equal amount of additional profit. After netting just $635 million in income during Q1, Dell banked $732 million in Q2 of 2013. Year-over-year, however, things are a little less rosy. Revenue was down eight percent and net income a worrisome 18 percent. Still, while its consumer arm continues to struggle (where revenue is down 22 percent), its enterprise services division continues to grow, raking in $4.9 billion this quarter -- up six percent from the same time last year and matching its previous record. The company expects revenue to continue to fall next quarter, but expects good things from it Enterprise Solutions, Services and Software division going forward. For more financial particulars check out the PR after the break.
Update: Dell's slide deck -- partially shown above -- unsurprisingly points out that Windows 8-based Ultrabooks, all-in-one desktops and tablets are on deck, but it also mentions a mysterious "converged device" segment as well. Hmm.
Filed under: Misc. Gadgets
Dell reports Q2 earnings: rakes in $14.5 billion of revenue, nets $732 million in profit originally appeared on Engadget on Tue, 21 Aug 2012 16:18:00 EDT. Please see our terms for use of feeds.
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