earnings

Lenovo rides smartphones into post-PC era

Hewlett-Packard couldn't navigate the industry shift to mobile even with the acquisition of Palm. Dell tried the tablet game and Android for a bit to no avail. Acer and Asus ran with netbooks as everyone else sprinted to the iPad.

To date, no Windows PC player has been able to transform from a computer maker to a smartphone player. Apple is excluded, of course, since it basically invented the post-PC era with the iPad.

Enter Lenovo. The company's first-quarter results highlight a company that has used its brand in China to become a top-tier smartphone player. Lenovo's … Read more

Cisco posts strong Q4, but plans to cut 4,000 jobs

Cisco Systems delivered a strong fourth quarter as expected, and CEO John Chambers added that his confidence in "our ability to be the No. 1 IT company is increasing."

The company reported fourth-quarter earnings this year of $2.3 billion, or 42 cents a share, on revenue of $12.4 billion. Non-GAAP earnings for the fourth quarter were 52 cents a share.

According to Thomson Reuters, Cisco was expected to report earnings of 51 cents a share on revenue of $12.4 billion.

It's worth noting that Cisco estimates crept higher leading up to the results.

In … Read more

Nvidia's Tegra mobile-chip revenue falls off a cliff in Q2

Nvidia on Thursday reported a steep drop in revenue for its Tegra processor business, heightening concerns about its prospects in the mobile market.

The company said Tegra revenue totaled $52.6 million in the fiscal second quarter ended July 28, down a whopping 71 percent from the previous year and off 49 percent sequentially.

Nvidia actually generated more revenue from its patent license agreement with Intel -- $66 million -- than it did from its entire mobile business. Tegra has remained a relatively small part of Nvidia's overall business, but it's a key area for the company's … Read more

T-Mobile adds 1.1 million net new customers as growth returns

T-Mobile returned to subscriber growth for the first time in more than two years.

The company revealed Wednesday that it added a net 1.1 million customers in the second quarter, with 688,000 (685,000 coming from phone customers) coming from its post-paid, or customers with a higher credit rating score that pay at the end of each month. That's the highest rate of growth among all of the national carriers this period. It added another 8.9 million customers from its acquisition of MetroPCS.

In total, the company ended the second quarter with 44 million customers. In … Read more

LinkedIn comes in strong with $364M in Q2 revenue

LinkedIn did it again, posting earnings Thursday that blew past Wall Street's expectations.

LinkedIn earned 38 cents per share on revenue of $363.7 million in the second quarter, an increase of 59 percent from the year ago quarter. The professional social network, which now touts 238 million members, posted net income of $3.7 million, when accounting for all expenses.

Analysts were looking for adjusted earnings per share of 31 cents on revenue of $353.85 million.

"Accelerated member growth and strong engagement drove record operating and financial results in the second quarter," CEO Jeff Weiner … Read more

Can Sprint put the 'pedal to metal' on its comeback plans?

Get ready for Sprint unshackled.

The Overland Park, Kan., company is poised to step up its game on multiple fronts in the coming months, with plans to get more vocal on the marketing front and to improve its service by accelerating its network upgrade plans.

"Our real focus on the second half is putting the pedal to the metal on 'Network Vision,'" CEO Dan Hesse told CNET on Tuesday. "We're making sure we finish 2013 with a phenomenal network."

Just how long before the more aggressive Sprint emerges remains up in the air. The company … Read more

Sprint posts Q2 loss of $1.6B as 2M subscribers drop off

Well, it's only supposed to get better from here.

That's the attitude Sprint is likely taking after posting a net loss of $1.6 billion and net subscriber losses of 2 million. While the numbers look bad, there remains reason to be optimistic.

Sprint was officially acquired by Japanese carrier SoftBank earlier this month, a deal expected to bring capital and expertise to the company. The quarter represented the last one in which Sprint was operating two separate networks, its core Sprint network and a different, incompatible Nextel network. The Nextel service was shut down at the end … Read more

Samsung posts record $8.5B profit as mobile business shrinks

Samsung on Thursday posted another company record quarterly operating profit that was marred by a slight recession in its mobile business.

The South Korean electronics giant's second-quarter operating profit for the period ended June 30 was 9.53 trillion won ($8.5 billion), an increase of 47 percent over a year ago, the company announced in a statement. Though the results were in line with company guidance issued earlier this month, analysts had been expecting an operating profit of 10.1 trillion won ($8.8 billion).

However, operating profit from Samsung's mobile division, which accounts for two-thirds of … Read more

New Zynga CEO plans to take Candy Crush's sweet spot

Zynga's new CEO Don Mattrick made it clear during the company's earnings call Thursday that he has high expectations for the company, despite its struggle to retain players and stay relevant in social gaming.

A self-professed Candy Crush fan, Mattrick plans to knock the hit game -- and every other non-Zynga game on the top ten Facebook games list -- off the leaderboard.

"My aspirations is 10 out of 10. It's probably going to take us longer than four quarters to get to that, but I think it's the long-term vision," he said. Zynga … Read more

Zynga beats Street but ditches real-money gambling license

Zynga beat expectations for its second quarter, reporting revenues of just under $231 million, down 31 percent from a year ago, and bookings of $188 million, down 38 percent from a year ago. The company lost 1 cent per share.

Those results, however, were slightly better than Wall Street expected. Analysts had anticipated revenue of about $185 million with a loss of up to 4 cents per share.

Zynga continues to lose users. The company reported 39 million daily active users for Q2, a figure that's down 45 percent from last year. Monthly active user went down by 39 … Read more