profits

Pets.com gives a blast from the dot bomb past

If you type Pets.com into your browser today, you get redirected to a site for the retailer Pet Smart. But, 15 years ago, you would've been visiting one of the most popular Web sites to hit the Internet.

Pets.com is a case example of the classic dot bomb story. In its two short years, it went from tiny startup in August 1998 to a publicly traded company in February 2000 to collapsed in November 2000.

In its heyday, Pets.com -- and its talking sock puppet mascot -- were ubiquitous; the spokesdog was in a multimillion-dollar Super Bowl commercial, … Read more

Netflix's Hastings cautiously celebrates spike in stock price

Netflix's investors are most likely jumping off the walls today. The video streaming service came out with its third-quarter earnings on Monday, and the results are good news all around -- profit is up, revenue is up, and stock is way up. In fact, the company's stock has hit a record high of $392 per share in after-hours trading.

Despite the excitement centered on Netflix's new numbers, the company's CEO, Reed Hastings, has cautioned shareholders not to get too hyped about the skyrocketing stock price. Because, as Netflix well knows, what goes up often comes back … Read more

Dell takes big profit hit: Mobile customers look elsewhere

Dell's net income for its fiscal second quarter nosedived as it struggled compete in a smartphone- and tablet-centric world.

Dell posted net income of $204 million in the quarter, down 72 percent from the same quarter a year ago. Revenue came to $14.5 billion, essentially flat from the same period last year. One of the few bright spots was that revenue beat Wall Street forecasts, which averaged about $14.18 billion, according to Thomson Reuters.

Mobility is not faring well, however. Though Dell did not conduct the traditional conference call with analysts, it did offer a presentation where … Read more

Samsung overtakes Apple as world's most profitable phone maker

Apple has lost another battle in its ongoing war with Samsung.

Research firm Strategy Analytics proclaimed Friday that for the first time in four years, Apple is no longer the most profitable handset maker in the world. That honor now belongs to Samsung.

During the second quarter, Samsung's global handset operating profits hit $5.2 billion, according to Strategy Analytics. Apple's operating profit stood at $4.6 billion. Samsung's mobile division posted a $5.6 billion operating profit in the second quarter, according to the company. The difference between the two figures apparently comes from non-handsets.

According … Read more

HTC One fails to solve HTC cash woes

HTC's financial troubles aren't getting any easier, with the Taiwanese tech giant revealing an 83 percent decline in net profit for the April-June period compared with last year.

The phone maker said its unaudited net profit for the three months up to June 30 was NT$1.25 billion, which equates to roughly $41.6 million, the Wall Street Journal reports -- a figure that misses analyst estimates.

While the latest numbers make for grim reading, the results aren't as bad as they were in the first quarter of the year, when HTC made just $2.8 … Read more

Tesla hits first profitable quarter ever

In his quarterly earnings letter to shareholders on Wednesday, Tesla CEO Elon Musk announced that "Tesla reached profitability in the first quarter of 2013 for the first time in our 10-year history."

Not only did the electric car company exceed analyst expectations, but Musk said (PDF) Tesla even outdid its own expectations for deliveries and gross margin. The company reported adjusted earnings of 12 cents per share on revenue of $562 million, which is far higher than the expected 3 cents per share. Its profit was $11 million after charges.

Tesla's total revenue for the first quarter … Read more

Samsung expects first-quarter profits of $7.7B, up 53 percent

Samsung Electronics expects to record an operating profit of 8.7 trillion won ($7.7 billion) for the first quarter of 2013, a 53 percent increase over the year-ago period.

The guidance, released today by the South Korean electronics giant ahead of full earnings later this month, is better than many analysts had forecast but a slight decline over the fourth quarter of 2012, when the company posted a record $8.3 billion in operating profit. The guidance means the company expects to break its string of five consecutive quarters of record profits.

Though strong sales of the Galaxy S … Read more

Y Combinator's first nonprofit aims to crowdfund health care

MOUNTAIN VIEW, Calif. -- Though it is the undisputed king of incubators, many Y Combinator alumns have failed to make a profit over the years. But now, Watsi, which is hoping to bring a Kickstarter crowdfunding model to health care, is aiming to be its first (intentional) not-for-profit venture.

At Y Combinator's 16th Demo Day here today, Watsi showed off its platform, which is trying to be the first global crowdfunding platform for health care.

Rather than graduating from the Y Combinator program and seeking investment from tech-savvy venture capitalists, Watsi is soliciting donations from the tech community.

The … Read more

Apple most profitable company despite Wall Street brush-off

Apple's most recent quarter failed to please analysts and investors, yet the results made it the most profitable company in the United States.

For the December quarter, Apple reported earnings of $13.1 billion on sales of $54.5 billion. The quarter marked one of Apple's biggest profits and hit a record for overall revenue and sales of iOS devices.

However, analysts were expecting more. And so, Apple's shares tanked as the company found itself in the Wall Street doghouse.

But the $13.1 billion profit actually made Apple top dog. A chart compiled by statistics site … Read more

Samsung quarterly profit jumps 76 percent on Galaxy sales

Samsung Electronics, the world's largest consumer electronics maker, said its fourth-quarter profit rose 76 percent to another record high on strong sales of Galaxy smartphones and tablets.

The South Korean electronics giant today reported a net profit of 7.04 trillion won ($6.6 billion), up from 4.01 trillion won in the same period a year earlier.

It was the fifth consecutive record quarterly profit for Samsung, which reported fourth-quarter sales of 56 trillion won ($52.6 billion), a 19 percent increase. Nearly half of that revenue came from its mobile communications division, particularly strong sales of its … Read more