Nikon Sees 26% Hike In 1st-Half Sales Volume

By Greg Tarr On Nov 2 2012 - 12:41pm

Tokyo – Nikon said it saw its first-half sales volume climb 26 percent with interchangeable-lens-type cameras and lenses rising 21 percent for the period ending Sept. 30.

Net sales for the first half were $4.74 billion (381 billion yen), up $703 million (56.5 billion yen) from the same period last year

Operating income was $521 million (41.8 billion yen), down $69.7 million (5.6 billion yen) from the same period last year.

hhgregg Posts Lower Sales, Profits

By Steve Smith On Nov 2 2012 - 10:54am

Indianapolis – hhgregg reported a 5 percent drop in net sales and lower net earnings for the second quarter, ended Sept. 30.

Net sales for the quarter decreased to $587.6 million from $618.6 million in the comparable prior-year period. The decrease for the three month period was the result of a comparable store sales decrease of 8.8 percent along with the lapping of strong grand opening sales performance from stores that opened in the prior fiscal year, partially offset by the net addition of 19 stores during the past 12 months.

Sprint Posts Q3 Loss As Subscriber Base Shrinks

Joseph Palenchar On Oct 25 2012 - 11:40am

Although Sprint expanded its Sprint-network subscriber base in the quarter, it wasn’t enough to offset Nextel-network losses.

Overland Park, Kan. – Sprint Nextel posted another wireless operating loss in the third quarter, when its subscriber base shrank by 423,000 to 56 million after seven consecutive quarters of subscriber gains, the company announced.

The subscriber base shrank because consumers postponed iPhone purchases until late-quarter availability of the iPhone 5 and because subscribers left the company’s 2G Nextel network at an accelerated rate as the network’s mid-2013 shutdown approaches, executives said.