Electronics/Appliance Financials
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Nortek Post Q2 Net Loss On Rising SalesBy Joseph Palenchar, August 10, 2011Providence, R.I. - Nortek increased its net sales in the second quarter and first half but posted lower operating earnings in both periods and net losses for both periods. More
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Plantronics Posts Sales, Profit IncreasesBy TWICE Staff, August 2, 2011Santa Cruz, Calif. - Plantronics reported higher net revenues and slightly higher net income for its fiscal first quarter, ended May 3. More
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OfficeMax Reports Lower Sales, LossBy TWICE Staff, August 2, 2011Naperville, Ill. - OfficeMax reported lower sales and a net loss in its fiscal second quarter, ended June 25. More
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Motorola Promises Full-Year Handset Operating ProfitBy Joseph Palenchar, July 28, 2011Schaumburg, Ill. - Motorola Mobility slightly narrowed the operating losses in its mobile devices segment in the second quarter compared with the first quarter, and chairman/CEO Sanjay Jha forecast that the segment would achieve fourth-quarter and full-year operating profits. More
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Rockford Posts Q2, First-Half GainsBy Joseph Palenchar, July 28, 2011Tempe, Ariz. - Rockford increased its sales, net profit and gross margins in its fiscal second quarter and first half. More
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Panasonic Reports Lower Q1 Sales, LossBy TWICE Staff, July 28, 2011Osaka, Japan - Panasonic reported lower sales and a net loss in its fiscal first quarter, ended June 30. More
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Toshiba Reports Lower Fiscal Q1 Net SalesBy TWICE Staff, July 28, 2011Tokyo - Toshiba reported lower net sales with net income being unchanged during its fiscal first quarter, ended June 30. More
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Sprint Reports Strong Q2 Subscriber GainsBy Joseph Palenchar, July 28, 2011Overland Park, Kan. - Sprint Nextel continued to post strong gains in the number of net new wireless subscribers in its fiscal second quarter. More
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Sony Posts Fiscal Q1 Lower Sales, LossBy TWICE Staff, July 28, 2011Tokyo - Sony reported lower sales and a loss in its fiscal first quarter due to the Japanese earthquake and tsunami and a "deterioration of the electronics business environment." More
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Logitech In Red In Q1, CEO Steps DownJohn Laposky, July 28, 2011Fremont, Calif. - Logitech International reported a larger than expected first-quarter net loss, of $29.6 million, and Gerald Quinlan announced he is stepping down as president/CEO. More
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LG Reports Lower Net Income In Q2By TWICE Staff, July 27, 2011Seoul, South Korea - LG Electronics reported a steep drop in net income and lower sales in home entertainment and handsets during the second quarter. More
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Amazon CE Sales Soar 67% In Q2, But Profits FallBy Alan Wolf, July 26, 2011Seattle - Amazon.com CE sales soared 67 percent but equity-investment accounting losses led to an 8 percent decline in second-quarter earnings. More
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Office Depot Posts $29M Q2 LossBy Alan Wolf, July 26, 2011Boca Raton, Fla. - Office Depot said restructuring charges and improvement costs contributed to a $29 million loss for its second quarter, ended June 25. More
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RadioShack Q2 Profits Fall 53%By Alan Wolf, July 26, 2011Fort Worth, Texas - One-time charges, including its transition from T-Mobile to Verizon Wireless in September, contributed to a 53 percent decline in RadioShack's second-quarter earnings. More
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TomTom: Q2 PND Volume In North America Down 27%By Joseph Palenchar, July 22, 2011Amsterdam, The Netherlands - Industrywide retail-level unit sales of portable navigation devices (PNDs) in North America fell 27.3 percent in the second quarter to 2.4 million units following a 19 percent first-quarter decline to 2.1 million units, TomTom said in releasing its second-quarter financial report. More
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GE Earnings Up 18% In Fiscal Q2By TWICE Staff, July 22, 2011Fairfield, Conn. - GE announced operating earnings were up 18 percent in its fiscal second quarter. More
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Data Drives Verizon Q2 As Carrier Awaits iPhone 5By Joseph Palenchar, July 22, 2011Bedminster, N.J. - Sales of smartphones, tablets and other data devices drove up the number of net new Verizon Wireless connections in the second quarter to their highest levels in years, with 4G devices and the iPhone 4 accounting for 69 percent of 1.26 million retail postpaid subscriber additions, Verizon executives said. More
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Microsoft Posts Double-Digit Income GainsBy TWICE Staff, July 21, 2011Redmond, Wash. - Microsoft reported a double-digit increase in net income and an 8 percent increase in revenue for its fiscal fourth quarter, ended June 30. More
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iPad, iPhone Growth Drives Apple's Fiscal Q3By TWICE Staff, July 19, 2011Cupertino, Calif. - Apple reported triple-digit growth in iPads and iPhones in record fiscal third-quarter results. More
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Sony Ericsson Back In Red, Cites EarthquakeBy Joseph Palenchar, July 15, 2011London - Cellphone maker Sony Ericsson largely blamed this year's Japan earthquake for slipping back into the red during its fiscal second quarter following five consecutive quarters of net profits. More
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