earnings

Adobe stock hits new peak as investors cheer subscriptions

Those who despised Adobe's shift to its Creative Cloud subscriptions predicted that customer defections would sink the company's stock price -- but so far, the opposite is happening.

Adobe Systems' stock hit an all-time high in after-hours trading when Adobe reported strong first-quarter financial results on Tuesday. It surpassed analyst expectations and increased Creative Cloud subscriptions by 405,000 from the previous quarter.

In after-hours trading, Adobe's stock rose 35 cents, or about 0.5 percent, to an all-time high of $68.52.

The company is in the midst of a sales transition with software titles like … Read more

Lenovo net profit jumps 29 percent in 3Q on PC sales

Lenovo Group announced Wednesday that its third-quarter net profit rose 29 percent from a year earlier after expanding its lead in PC market share.

The Chinese electronics giant reported that its net profit in the quarter ending December 31 grew to $265.3 million from $204.9 million a year earlier, beating the $243 million average analysts polled by Bloomberg had expected. The company's revenue grew 15 percent to $10.8 billion from $9.36 billion in the year-ago period, the first time it recorded $10 billion in sales.

Lenovo reported that it shipped 15.3 million PCs in … Read more

PCs sales may suck, but people still are buying Nvidia GPUs

Nvidia can always count on the gamers.

The Santa Clara, Calif., graphics chipmaker on Wednesday posted fiscal fourth-quarter revenue and earnings that were better than analysts had expected. Nvidia also projected revenue of about $1.05 billion in the current period, higher than the $1 billion Wall Street anticipates.

A big reason for its better-than-anticipated results was strong sales of high-end graphics processors to PC gamers.

"Quarterly revenue came in well above our outlook, driven by PC gaming, capping an outstanding year for our GPU business," CEO Jen-Hsun Huang said in a press release.

Huang told CNET that … Read more

Sprint posts $1B in Q4 losses as it ekes out customer gains

While Sprint is seeing a return to growth, it also continues to bleed money.

Sprint, acquired by Japanese carrier SoftBank in July, on Tuesday posted a fourth-quarter loss of $1.04 billion, or 26 cents a share, which was narrower than its year-earlier loss of $1.32 billion, or 44 cents a share.

The net loss included $1.53 billion in depreciation and write-off of assets related to its defunct Nextel business, as well as $206 million in costs related to its severance payments for recent layoffs and from getting out of lease agreements.

For the period ended Dec. 31, … Read more

Imagining a Google where search isn't the whole story

Google's built a multi-billion-dollar empire largely on the strength of search ad sales. But that's starting to change as the years Google has spent nurturing side businesses that have nothing to do with search are beginning to show small, but growing returns.

When Google announced its earnings for the last quarter of 2013, investors and analysts were generally pleased. The company blew past most expectations, with revenue 17 percent higher than during the same period in 2012.

Although the company's earnings-per-share missed analyst expectations, Google had a boffo quarter. Revenue was up, owing to higher Google-owned site … Read more

HTC looks to low-end phones as panacea for falling sales

HTC is hoping cheaper phones will aid in the company's recovery.

The company, which over the last two years has streamlined its portfolio down to just a handful of premium smartphones, said it would expand its portfolio to include more mid-tier and affordable phones, according to Reuters, citing executive comments from a conference call.

The phones would range between $150 and $300 (excluding subsidies). Its higher end phones retail for around $600, which is standard for a flagship device. The company believes higher volumes of its cheaper device will drive profitability.

The decision to go back into lower end … Read more

Twitter's Q4 debut: Slowing user growth betrays revenue strength

Twitter's first-ever quarterly earnings, which the social network announced Wednesday, beat analysts' estimates. For the fourth quarter, Twitter brought in $243 million in revenue, and adjusted earnings of 2 cents per share. And at the end of the quarter, it had 241 million monthly active users.

Quarterly earnings for the company were up 116 percent from the fourth quarter a year ago. However, it posted a net loss of $511.5 million for the quarter, and its net loss for all of 2013 came in at $645.3 million.

For the full 2013 fiscal year, the company posted $664.… Read more

Zynga announces NaturalMotion acquisition alongside layoffs

Looking to bring its wayward financials back on track, Zynga revealed a handful of surprises during its 2013 fourth quarter earnings report on Thursday. While Zynga CEO Don Mattrick announced the acquisition of British gaming company NaturalMotion, he also said the company had to tighten its belt with company-wide layoffs. This comes with news of a 43.3 percent decrease in Zynga's revenue from a year ago.

The acquisition of NaturalMotion shows that Zynga is keen on cornering the mobile gaming market. NaturalMotion is known for popular game apps like "CSR Racing" and "Clumsy Ninja." … Read more

Amazon considers raising Prime subscription fee by up to $40

Amazon may increase its US Amazon Prime membership fee by up to $40, the company's chief financial officer announced Thursday during an earnings call.

CFO Tom Szkutak said growing transportation costs may cause the online retail giant to add between $20 to $40 to the subscription fee. Prime -- which offers free, two-day shipping on certain items and access to Amazon's Prime Instant Video library and Kindle lending library -- currently costs $79 a year. He said the subscription service, has become very popular in the last nine years. Prime eligible items have grown from 1 million to … Read more

Amazon fourth-quarter earnings fall short

Amazon fell short of investors' expectations Thursday when it reported earnings of 51 cents-per-share and a revenue of $25.59 billion in the fourth quarter. The company's stock was down more than 8 percent shortly after the news hit.

Wall Street was expecting earnings of 67 cents a share and a revenue of $26.05 billion.

It seems no matter how much money Amazon spends, investors are still optimistic. In December, the company's stock hit $400 for the first time, despite reporting quarterly losses previously. It's been able to maintain its stock price since, but it's … Read more