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Amazon Q4 results: revenue up 22% but profit slips 45%
- Amazon had a predictably solid holiday season that saw revenue climb 22 percent over the same period last year to $21.27 billion. Those fortunes, however, were overshadowed by a 45 percent decline in profit, dropping to just $97 million to…
Logitech reveals plans to jettison Harmony remote control division
- Logitech has revealed plans to jettison their Harmony remote control and digital video security divisions. The news comes directly from newly appointed CEO Bracken P Darrell follow disappointing fiscal third quarter results.
Samsung predicts record quarterly profits, to open stores in Canada
- Samsung has released the latest projected figures for their first financial quarter (January-March), ahead of their April 27 earnings announcement. All told, Samsung estimates their operating profit will be nearly double the previous year at 5.8 trillion won ($5.1 billion)…
RIM announces $125m quarterly loss and management shakeup
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Troubled Canadian smartphone and tablet manufacturer Research in Motion has released its fourth quarter and year-end financial report (PDF), announcing a $125 million quarterly loss as the firm struggles with falling revenues in large part due...
HP profits drop 44 percent, CEO pleads for patience
- Veteran Silicon Valley executive Meg Whitman pleaded for patience yesterday as she revealed that HP’s first fiscal quarterly earnings (PDF) had dropped 44% due to a decline in sales across three of its key units: personal computers, printers and enterprise equipment. …
Apple earnings are up, but miss Wall Street expectations
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Apple yesterday announced financial results for its fiscal 2011 fourth quarter ended September 24, 2011. The company reported revenues of $28.27 billion and earnings of $6.62 billion, or $7.02 per share. But the numbers still came lower than Wall Street consensus estimates...
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