Tag Archives: QuarterlyEarnings

HTC: the One is selling better than last year’s hero products, but next quarter may see a loss

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HTC's unaudited results for Q2 2013 showed a sign of hope, but in today's call for the Q3 guidance, the Taiwanese company expects next quarter's revenue to be in the range of $1.67 billion to $2 billion, with an operating profit of anything from $0 down to... well, a margin of -minus 8 percent, which would equate to a horrible loss. This is also a notable drop from last year's $2.4 billion revenue and $168 million operating profit.

CEO Peter Chou blames this decline on the higher cost structure (bill of materials and operating costs) and the clearance of aged inventory in the channel, but he hopes that Q3 will be the bottom in terms of HTC's profitability. CFO Chialin Chang added that his team has a few actions in place to help restore the company to profitability very soon.

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AMD Q2 2013 earnings: net loss of $74 million, expects ‘a return to profitability’ next quarter

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AMD Q2 2013 earnings net loss of $74 million, expects 'a return to profitability' next quarter

First, the rough news: AMD saw just $1.16 billion in revenue for its Q2 2013, and actually took a net loss of $74 million (and an operating loss of $29 million). That's an 18 percent decrease in revenue year-over-year, but CEO Rory Read says that things are looking up. "Our focus on restructuring and transforming AMD resulted in improved financial results," noting that AMD "expects significant revenue growth and a return to profitability in the third quarter."

That's a pretty bold statement given the continued decline in the PC market, but the outfit's graphical department seems to be doing fairly well. In fact, AMD's Graphics reportable segment has been renamed Graphics and Visual Solutions, and the outfit gleefully points out that AMD silicon is baked inside of the Wii U, Sony's upcoming PlayStation 4 and Microsoft's Xbox One. What isn't precisely clear, however, is the expected market change that'll finally turn the tide for AMD -- the world's watching for Q3, folks.

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Source: Marketwire, AMD

Microsoft Q4 2013 earnings: $4.97 billion net income, $900 million charge related to Surface RT inventory adjustment

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Microsoft Q4 2013 earnings $497 billion net income, $900 million charge related to Surface RT inventory adjustment

Microsoft just reported its Q4 2013 earnings, and the Redmond behemoth has found itself with $19.90 billion in revenue, $6.07 billion in operating income, and $4.97 billion in net income. Quite a lot has happened since the outfit showed $6.06 billion in profit last quarter -- its CFO stepped down, the Xbox One was introduced, DRM policies were instituted (and then reversed), Don Mattrick departed for Zynga, and Steve Ballmer himself put in place a new organizational structure. Of note, Microsoft is taking a $900 million charge "related to Surface RT inventory adjustments," and we're also told that the figures "reflect the recognition of $782 million of previously deferred revenue related to the Office Upgrade Offer."

Amy Hood, chief financial officer at Microsoft, made no bones about the fact that these results -- while huge -- do indeed show the impact of a declining PC market. It should make sense, then, to see Microsoft focusing ever more intently on enterprise and cloud offerings, particularly given the weak demand for its own Surface tablets. All told, the company raked in $26.76 billion in operating income for its fiscal year 2013. Specifically, its Business division saw revenue grow 14 percent for Q4 and 3 percent for the full year, while Server & Tools grew 9 percent in Q4 and the full year. Windows revenue was up 6 percent this quarter and 5 percent on the year, while the Entertainment & Devices group saw an 8 percent uptick in Q4 while recognizing a 6 percent rise for all of 2013. Of course, Wall Street isn't apt to look fondly on Microsoft's forward looking update, which revises operating expense guidance downward to $31.3 billion to $31.9 billion for the full fiscal year ending June 30, 2014.

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Source: Microsoft

Tesla’s Q4 2012 earnings: $90 million net loss, but forecasts a profit for Q1 2013

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Tesla's Q4 2012 earnings $90 million net loss, but forecasts a profit for Q1 2013

If you're one Elon Musk, you're probably ready for just about anything to take the place of the only story dominating the Tesla tagline for the past few weeks. Of course, a $90 million net loss isn't the ideal story to overtake the Model S kerfuffle, but hey -- at least the company's aiming to pull in a profit next quarter. In a bid to keep investors focused on the positive, the automaker's Q4 2012 shareholder letter notes that Tesla is officially predicting its first quarterly profit in Q1 2013, sliding up from "late 2013."

For the quarter that just wrapped, the firm saw revenues of $306 million (a 500 percent increase sequentially from the $50.1 million seen in Q3 2012), and it ended the year with $221 million in total cash after having made the first quarterly principal payment of $12.7 million to repay the loan to the U.S. Department of Energy. Tesla also plans to deliver some 20,000 Model S vehicles in 2013, with around 4,500 of those happening in Q1. Europeans and Asians can expect their deliveries in "summer" / "late this year" (respectively), with the first Model X deliveries to occur in early 2014. Musk also told investors that it plans to "spend significantly less on capital expenditures" in 2013 compared to 2012, helping to (hopefully) generate "slightly positive net income on a non-GAAP basis" in Q1 2013.

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Source: Tesla

Qualcomm Q4 2012 earnings: $4.87 billion in revenue, $1.27 billion net profit

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Qualcomm Q4 2012 earnings $487 billion in revenue, $124 billion net profit

With Qualcomm's powerful, versatile and efficient Snapdragon S4 taking the mobile world by storm, it should come as no surprise that the company's accountants are smiling more than ever. Today, the firm posted earnings for the fourth quarter of 2012, which includes a net income of $1.27 billion with revenues of $4.87 billion. In terms of profit, these figures represent a 20 percent year-over-year increase and a five percent bump when compared to the previous quarter. A peek inside Qualcomm's books reveal that the company is now sitting on $43 billion in assets and $9.4 billion in liabilities -- if only our own pocketbooks were overflowing in similar fashion. Feel free to count some beans for yourself at the source link below.

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Qualcomm Q4 2012 earnings: $4.87 billion in revenue, $1.27 billion net profit originally appeared on Engadget on Wed, 07 Nov 2012 22:23:00 EDT. Please see our terms for use of feeds.

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