Amazon Back In The Black
Amazon.com soundly recovered from its $437 million year-ago loss by posting a $79 million profit in the third quarter. Driving the return to profitability...
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Amazon.com soundly recovered from its $437 million year-ago loss by posting a $79 million profit in the third quarter. Driving the return to profitability...
Western Digital has agreed to acquire rival storage and memory supplier SanDisk in a deal valued at about $19 billion. The transaction has been...
Conn’s in-house financing business continues to be a pain-point for the multiregional retailer. Despite solid sales in September, the 60-plus-day delinquency rate for customer...
Nortek, whose businesses include residential A/V and home-automation brands, considered but spurned an unsolicited offer to be purchased, the company acknowledged. The financially ailing...
Conn’s ailing consumer finance unit remained a drag on profits in its second fiscal quarter amid robust retail sales. Consolidated revenues rose 12.2 percent...
Sears Hometown and Outlet Stores (SHO), the nation’s fifth-largest appliance chain, said a slew of circumstances including store closings, inventory constraints and a cap...
Same-store sales of consumer electronics at Costco rose by the mid-single digits in August. The strong dog-days performance during a traditionally slow stretch for...
GameStop posted strong second-quarter results that were largely driven by its non-gaming businesses. Net sales rose a modest 1.8 percent to $1.8 billion for...
Best Buy delivered unexpectedly strong Q2 results, riding a fourth straight quarter of U.S. sales growth. Net revenue reached $8.528 billion for the three...
Nortek, the parent of multiple custom-installation brands, is in talks to be acquired by United Technologies Corp., a report from the Wall Street Journal...
Sears’ venerable appliance business took another hit this season, while the retailer continued to distance itself from CE. Parent company Sears Holdings said comps...
TAOYUAN, TAIWAN — HTC will reduce operating expenditures by 35 percent and its headcount by an expected 15 percent while it reorganizes to position...
QINGDAO, CHINA — Chinese TV manufacturer Hisense will gain a stronger foothold in the Western markets with its acquisition of Sharp America’s TV assets....
Hong Kong – Sales of Motorola smartphones fell 31 percent in Lenovo’s fiscal first quarter ending June to 5.9 million units, parent Lenovo reported....
New York — First-quarter financial results from two multiregional CE and appliance chains this morning provide starkly different snapshots of the marketplace. For Texas-based...
San Francisco – Fitbit ended its fiscal second quarter by posting the highest quarterly revenue in its eight-year history, with revenue rising 253 percent...
Boca Raton, Fla. – Office Depot is getting all its ducks lined up in anticipation of its year-end $6.3 billion acquisition by Staples. In...
Overland Park, Kan. – Sprint chairman Masayoshi Son admitted he lost confidence in Sprint’s future after a failed bid to merge the company with...
Overland Park, Kan. – Sprint boosted its subscriber base by 675,000 in its first fiscal quarter ending June, but the gain wasn’t enough to...
Providence, R.I. – Nortek’s audio, video and control solutions (AVC) segment shrank its second-quarter and first-half operating losses by 49 percent, with the quarter’s...
Hoffman Estates, Ill. – Sears Holdings’ same-store sales continued to decline during its fiscal second quarter, as chairman, CEO and chief investor Eddie Lampert...
New York — Q2 was kind to T-Mobile. The carrier delivered strong second-quarter financial results highlighted by a 14 percent increase in revenue, to...
Seoul, South Korea — Samsung reported disappointing Q2 results attributed to weaker than expected Galaxy 6 smartphone sales. Operating profit for the company’s mobile...
Dallas – Tablets, connected cars, and Cricket-brand prepaid service drove AT&T’s second-quarter net subscriber additions to 2.1 million from the year-ago 634,000, but the...
Redmond, Wash. — Dollar sales of Microsoft’s Surface tablets more than doubled in the company’s fiscal fourth quarter and grew 65 percent for the...
Cupertino, Calif. — Apple’s third-quarter sales grew 33 percent worldwide to $49.6 billion, with nine-month revenues up 29.5 percent to $182.2 billion. Net income...
Bedminster, N.J. — Verizon continues to focus on driving up data usage to drive revenue growth, as its second-quarter financial results show. Tablets came...
Seoul, Korea –Samsung estimates that its second-quarter consolidated operating profit declined 4 percent from the year-ago to 6.9 trillion won ($6.13 billion), marking the...
Taipei, Taiwan – HTC reported a 49 percent revenue drop in its fiscal second quarter, a 57.7 percent drop in its first half, and...
Hoffman Estates, Ill. – Sears Holdings reported a $303 million loss for its fiscal first quarter ended May 2, compared to a year-ago loss...
Hong Kong – Motorola smartphone shipments grew 23.6 percent in the fourth quarter ending March 31 to 7.8 million units compared to the year-ago...
Updated! Minneapolis — A year-ago tax benefit and weak international results contributed to a 72 percent decline in Best Buy’s fiscal first-quarter net earnings, to...
Bentonville, Ark. – Walmart and sister chain Sam’s Club reported soft CE sales last quarter, due in part to delayed West Coast port shipments....
Updated! Indianapolis — Higher expenses and lower sales led to a $25.2 million loss for hhgregg in its fiscal fourth quarter, prompting the company...
Hauppauge, N.Y. – Voxx International dramatically reduced its 2015 fiscal-year net loss to $942,000 from the previous year’s $26.6 million loss and posted operating...
The Woodlands, Texas – Conn’s reported a 6.6 percent increase in first-quarter net retail sales, to $296 million. But the lingering inventory constraints from...
Santa Ana, Calif. — Global tech distributor and supply-chain services giant Ingram Micro enjoyed a 74 percent increase in first-quarter net income, to $43...
Overland Park, Kan. — Sprint gained 1.21 million net new wireless subscribers in its fiscal fourth quarter ending March 31, compared to a year-ago...
Providence, R.I. – Nortek’s audio, video and control solutions (AVC) segment shrank its first-quarter 2015 operating loss to $2.4 million from the year-ago $4.7...
Salt Lake City – Home-automation supplier Control4 swung to a loss in the first quarter and said a small 1 percent increase in sales...
Seoul, South Korea – Samsung’s global sales and profits fell in the first quarter, and the company’s consumer electronics division posted an operating loss....
Seoul, South Korea — LG’s first-quarter cellphone revenues rose 5 percent to the highest first-quarter level since 2010, when the company launched its first...