The latest consumer electronics news, market research and information on earnings, profitability, mergers & acquisitions and company financials within the industry.
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Rex: Retail Net Loss, Lower Sales
By Steve Smith, June 15, 2009Dayton, Ohio — Rex Stores, which plans to leave the retail business by the end of its 2009 fiscal year, reported lower net sales and a loss in its retail operation for the quarter, ended April 30. Retail sales are down more than $10 million, to $15.6 million, in its second fiscal quarter, compared with the same period last year. More -
Conn's Q1 Profits Up 8.5%
By Alan Wolf, June 15, 2009BEAUMONT, TEXAS — Strong operating performance helped Conn's increase net income 8.5 percent to $11.5 million for the first fiscal quarter, ended April 30. Total revenue for the period rose 5.8 percent to $231.3 million, including a 12.2 percent boost from finance charges and other revenue which totaled $29. More -
Retail Earnings For Q1 Exceed Expectations
By Alan Wolf, June 1, 2009NEW YORK — First-quarter earnings for a diverse group of retailers ranging from Sears to Staples generally exceeded analysts' expectations last month. The numbers, while weak compared with year-ago results, nonetheless suggested sound stewardship during the recession and the possibility that the economy may have finally turned a corner. More -
TiVo Posts Lower Fis. Q1 Sales
By TWICE Staff, June 1, 2009ALVISO, CALIF. — TiVo reported lower sales and a loss for its first fiscal quarter, ended April 30. For the first quarter, service and technology revenues were $48.5 million, compared with $54.9 million for the same period last year. TiVo reported a net loss of $4.1 million, compared with net income of $3. More -
8x8 Reports FY Sales Gain, Deal With Aastra
By TWICE Staff, June 1, 2009SANTA CLARA, CALIF. — 8x8 reported higher sales in its fiscal year, ended March 31. Total revenue for the fiscal year was $64.7 million, compared with $61.6 million for fiscal 2008, a 5 percent year-over-year increase. 8x8 business services revenue grew 38 percent year over year, from $29.1 million in fiscal 2008 to $40. More -
Costco Reports Lower Net Sales, Earnings
By TWICE Staff, June 1, 2009Issaquah, Wash. — Costco reported lower net sales and earnings for its fiscal third quarter, ended May 10. Net sales for the third quarter of fiscal 2009 declined 5 percent, to $15.48 billion, from $16.26 billion during the third quarter of fiscal 2008. Net income for the third quarter of fiscal 2009 was $209. More -
Home Depot’s Q1 Profits Up, Sales Down
By Alan Wolf, May 19, 2009Atlanta — Effective management of expenses and inventory helped The Home Depot grow profits 44 percent last quarter despite a 10 percent decline in sales. More -
Sony: $1B Loss In Fiscal Year; More Cuts Set
By Steve Smith, May 18, 2009TOKYO — Sony reported a $1.01 billion loss for its fiscal year, ended March 31, outlined further reorganization plans and is forecasting another loss in its current fiscal year. Sony said last Thursday it will close four more plants worldwide, including an LCD TV plant in Mexico, among other cost-cutting measures. More
CE News from the Web
Taiwan IC designers expect revenues to climb in 3Q09
Source: www.digitimes.com
Date: 07-03-2009 08:49:06 GMTVideo Business, Variety partner on 3D Summit
Source: Video Business
Date: 07-01-2009 00:00:00 GMTSRS Labs Joins Russell 2000(R) Index - Zibb.com
Source: Comtex
Date: 06-30-2009 08:00:00 GMTAqueous Technologies appoints Sales Representative for Midwest
Source: www.emsnow.com
Date: 06-30-2009 00:00:00 GMTExar Corporation Closes Galazar Networks Acquisition
Source: www.xchangemag.com
Date: 06-17-2009 23:21:29 GMT
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panasonic founder always held that the mom & pop businesses were the core of...
john jacoboski– 5/18/2009 11:15:00 AM
in response to Panasonic Posts $4B Loss, 14% Sales DropMisleading headline...the report was of lower revenue, not negative revenue...
The Dude– 5/7/2009 11:45:00 AM
in response to Garmin Reports Revenue DeclinesCouldn't happen to a nicer company!Maybe they will learn something about how...
Roger Ethyll– 5/1/2009 2:36:00 AM
in response to Harman Posts Loss, Lower Sales In Qtr.The loss in profits with the rise in revenue clearly spells out one major...
Adam C.– 3/27/2009 4:49:00 AM
in response to Best Buy Profits Off 23%, Sales Rise 10% In Qtr.
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By The Numbers
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