Microsoft Posts Record Fiscal Q2 Revenues

Microsoft Posts Record Fiscal Q2 Revenues

By Steve Smith On Jan 23 2014 - 5:29pm




Redmond, Wash. — Microsoft reported record fiscal Q2 revenue and higher net and operating income year on year for the quarter, ended Dec. 31, 2013.

Revenue was $24.52 billion up from the prior year’s $21.5 billion. Net income was $6.55 billion, up from the prior year’s $6.37 billion, and operating income was $7.96 billion for the quarter, up from the prior year’s $7.77 billion.

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Logitech Kills Video-Security Sale; Shows Turnaround Improvement

Logitech Kills Video-Security Sale; Shows Turnaround Improvement

By Lisa Johnston On Jan 23 2014 - 4:30pm




Newark, Calif. — Logitech is no longer selling off its video-security division, a spokeswoman confirmed to TWICE. The company announced its financial results yesterday, displaying some turnaround progress with a sales uptick of 2 percent for its fiscal third quarter.

According to Nancy Morrison, Logitech corporate communications VP, the company did not find the right buyer for the division and is no longer planning to sell it. Logitech will still maintain the service and offer cameras for sale, she said.    

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LG Display Reports Lower Q4 Sales, Earnings

LG Display Reports Lower Q4 Sales, Earnings

TWICE Staff On Jan 23 2014 - 10:42am




Seoul, South Korea LG Display reported lower sales and earnings for the fourth quarter, ended Dec. 31, 2013.

Revenues in the fourth quarter of 2013 decreased by 19 percent to 7,079 billion Korean won (KRW) from 8,743 billion KRW in the fourth quarter of 2012.

Operating profit in the fourth quarter of 2013 was 257 billion KRW, a year-on-year decrease of 56 percent from the operating gain of 587 billion KRW.

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Verizon Wireless Q4 Income, Margins Rise

Verizon Wireless Q4 Income, Margins Rise

By Joseph Palenchar On Jan 21 2014 - 11:33am




Bedminster, N.J. — Verizon Wireless grew its operating income by 30 percent in the fourth quarter and 19.4 percent for the year on single-digit gains in operating revenue in both periods.

The operating-income gains came from rising operating margins, rising average revenue per account, an expanded subscriber base, and a growing base of 4G LTE subscribers, whose data consumption rises as they switch to faster 4G phones.

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BlackBerry Q3 Revenues, Profits Plunge

BlackBerry Q3 Revenues, Profits Plunge

By Joseph Palenchar On Dec 20 2013 - 10:19am




Waterloo, Canada – BlackBerry’s operating and net losses surged in its fiscal third quarter as the company, vowing to remain in the smartphone market, said it entered into an agreement with Foxconn to manufacture a consumer smartphone for Indonesia and for other fast-growing markets early next year.

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Costco’s CE Sales Falter

Costco’s CE Sales Falter

By Alan Wolf On Dec 5 2013 - 9:55am




Issaquah, Wash. Costco’s U.S. comp sales edged up 3 percent in November, blunted in part by a downturn in CE.

The No. 1 warehouse club said CE comps were negative for the month, continuing a recent reversal in what had been steady category growth through most of this year and last.

Total revenue rose 5 percent in November, to $8.9 billion, and also increased 5 percent for the three months ended Dec. 1, to $24.5 billion. U.S. comps for the quarter were up 4 percent excluding gasoline.

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Conn’s Posts Record Q3 Sales, Earnings

Conn’s Posts Record Q3 Sales, Earnings

By Greg Tarr On Dec 5 2013 - 9:45am




The Woodlands, Texas Conn’s was firing on all cylinders in the third quarter as double-digit comp increases across nearly all product categories contributed to record sales and profits.

Net income more than doubled to $24.4 million for the three months, ended Oct. 31, on total revenue of $310.9 million, a 50.6 percent increase, while comp-store sales soared 35.1 percent.

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B&N Nook Revenues Fell 32% In Q2

B&N Nook Revenues Fell 32% In Q2

By Joseph Palenchar On Nov 26 2013 - 2:14pm




New York – Revenues at Barnes & Noble’s Nook business fell in the second quarter and first half, but EBITDA losses shrank in both periods compared to the year-ago periods.

 The Nook business segment consists of the company’s digital businesses, including digital content, devices and accessories.

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Target Q3 Earnings Falter

Target Q3 Earnings Falter

By Alan Wolf On Nov 21 2013 - 11:01am




Minneapolis  Seasonal markdowns and higher expenses led to a 46 percent decline in Target’s third-quarter profits, to $341 billion.

Total revenues edged up 1.9 percent to $17.3 billion for the three months, ended Nov. 2.

In the U.S., sales rose 2 percent to $16.6 billion, aided by the opening of nine new stores, while comp sales increased 0.9 percent on higher average basket size but fewer average transactions.

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Sears’ Q3 Losses Widen

Sears’ Q3 Losses Widen

By Alan Wolf On Nov 21 2013 - 10:23am




Hoffman Estates, Ill.  – Sales declines and continued investments in its digital shopping platform led to a $534 million third-quarter loss for Sears Holdings.

The red ink increased from a $498 million loss in the year-ago period.

Revenues fell 7 percent to $8.3 billion for the three months ended Nov. 2, and U.S. comp store sales declined 3.1 percent on weakness in CE, major appliances and other core categories.

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