Financial
Lowe’s Q2 Profits up 10%
Mooresville, N.C. — Tighter expense controls contributed to a 10.4 percent increase in second-quarter profits for Lowe’s, to $1 billion. Net sales for the...
Financial
Financial
Staples Q2 Sales Slip 1.8%
Framingham, Mass. — Store closures and unfavorable currency fluctuations led to a 1.8 percent decline in Staples’ second-quarter sales, to $5.2 billion. On a...
Financial
Target’s Q2 Profits Fall 62%
Minneapolis — Early debt retirement and expenses stemming from last year’s consumer data breach took a toll on Target’s second-quarter profits. Net earnings fell...
Financial
Walmart Reports Weak CE Comps In Q2
Bentonville, Ark. — Walmart and sister chain Sam’s Club reported weak CE comp sales for the second quarter, ended July 31, but cited renewed...
Financial
Lenovo Reports 23% Q1 Profit Increase
Beijing — Lenovo Group reported a 23 percent increase in profits for its fiscal first-quarter, helped by surging smartphone sales as the PC giant...
Financial
Pioneer Posts Q1 Net Loss But Forecasts Full-Year Profit
Kawasaki, Japan – Pioneer Electronics posted a single-digit percentage gain in sales and dramatically reduced its net loss in its fiscal 2015 first quarter...
Financial
Office Depot Narrows Losses, Confirms Store Closings
Boca Raton, Fla. – Office Depot reported a $12 million loss in the second quarter, compared with a combined $18 million loss last year...
Financial
Nortek’s Residential A/V Sales Fall In Q2
Providence, R.I. – Nortek began to break out the financial performance of its residential A/V segment in the second quarter, when segment sales fell...
Financial
Control4 Doubles Net Income
Salt Lake City — Home-automation supplier Control4 posted a 13 percent gain in second-quarter revenue and doubled its net income. Revenue grew 13 percent...
Financial
Embattled HTC Returns To Profitability
Taipei, Taiwan — HTC returned to profitability in the second quarter and claimed its good fortunes have been “driven by the sales momentum of...
CES-2016
Sony Posts $261M Net Profit In Q1
Tokyo — The successful launch of Sony’s PS4 game console and the box-office smash “The Amazing Spider-Man 2” helped Sony post a surprise first-quarter...
Financial
T-Mobile Net Adds Exceed 1 Million For 5th Consecutive Quarter
Bellevue, Wash. — T-Mobile posted its fifth consecutive quarter of more than 1 million net subscriber additions, an 8 percent revenue gain, a return...
Financial
Panasonic Posts Higher Sales, Operating Profit
Osaka, Japan – Panasonic reported higher sales and operating profit in its fiscal first quarter, but lower net profit, compared with last year’s opening...
Financial
hhgregg’s Fiscal Q1 Report Disappoints
Indianapolis — hhgregg had a disappointing fiscal first quarter with a deeper net loss, a 10 percent drop in net sales and a similar...
Financial
Sprint Tests New Rate Plans, Launches A Walmart Exclusive
Overland Park, Kan. — Sprint is testing new rate plans and launched a new Walmart-exclusive Virgin Mobile prepaid plan as part of its efforts...
Financial
Amazon Reports $126M Q2 Loss
Seattle – Amazon.com remained in the red in the second quarter. The nation’s No. 1 e-tailer reported a net loss of $126 million for...
Financial
Ingram Reports Record Q2 Revenue
Santa Ana, Calif. – Ingram Micro reported a 6 percent gain in worldwide revenue, a record for the quarter, and a slight drop in...
CES-2016
LG TV, Mobile Sales Lift Q2 Profits 165%
Seoul, South Korea — LG Electronics reported a 165 percent increase in second-quarter net profit compared with the same period last year, reflecting strong...
Financial
AT&T Posts Best Quarterly Postpaid Gains In Almost 5 Years
Dallas — AT&T cited its Mobile Share Value Plans and Next trade-up program for its best quarterly postpaid subscriber gains in almost five years,...
Financial
Whirlpool’s Q2 Sales, Earnings Falter
Benton Harbor, Mich. — Whirlpool said lower unit volume, unfavorable currency rates, and increased material costs and investments impacted sales and profits last quarter....
Financial
Apple Sales, Profits Rise; iPhone, Mac Shine
Cupertino, Calif. — Apple reported higher revenue and net profit for its fiscal third quarter, ended June 28, with iPhone sales up but iPad...
Financial
Microsoft Posts Higher Sales, Lower Net Income
Redmond, Wash. — Microsoft reported higher but lower net income for the revenue quarter, ended June 30. Net income was $4.61 billion as compared...
Financial
Verizon Posts Q2 Growth, But Edge Underperforms
Bedminster, N.J. – Verizon Wireless reversed its first-quarter drop in retail net subscriber additions (including postpaid and prepaid subscribers) and reversed the first-quarter shrinkage...
Financial
Electrolux Reports Q2 Loss
Stockholm, Sweden – Restructuring charges and unfavorable exchange rates carried majap powerhouse Electrolux into the loss column last quarter. The company lost 92 million...
Financial
Motorola Q2 Sales Soar
Mountain View, Calif. — Google’s Motorola unit boosted second-quarter revenues by 73.3 percent to $1.73 billion, following a first-quarter gain of 42 percent to...
Financial
Voxx Posts Profit, Lower Sales In Q1
Hauppauge, N.Y. — Voxx International reported slightly lower sales and lower net income in its fiscal first quarter, ended May 31. Net sales in...
Financial
Costco Reports Flat CE Comps In June
Issaquah, Wash. — Costco said same-store sales of CE products were “flattish” in June, compared with a 6 percent increase in total company comps....
Financial
BlackBerry In The Black In Q1
Waterloo, Ontario — BlackBerry put the black in its first-quarter financial results, posting its first net and operating profit in some time despite a...
Financial
Toys‘R’Us Reports $196M Q1 Loss
Wayne, N.J. – Toys“R”Us said higher expenses and a lower income tax benefit contributed to a $196 million net loss in the first quarter....
Financial
RadioShack’s Losses Mount In Q1
Fort Worth, Texas — RadioShack reported a net loss of $98.3 million in its first quarter amid what it described as a soft market...
Financial
Sears Hometown Reports Lower Sales, Income
Hoffman Estates, Ill. — Sears Hometown and Outlet Stores reported lower net income and net sales in its fiscal first quarter, ended May 3,...
Financial
Conn’s Post Double-Digit Q1 Increases
The Woodlands, Texas – Conn’s financial engines were firing on all cylinders during its first fiscal quarter, driving strong double-digit gains in sales, comps...
Financial
Costco’s Q3 Sales, Profits Rise
Issaquah, Wash. – No. 1 wholesale club Costco said its third-quarter profits edged up 3 percent to $473 million. Net sales for the period,...
Financial
Sears’ Q1 Losses Widen
Hoffman Estates, Ill. — Sears said the ongoing transformation of its business and weakness in CE contributed to deepening losses in the first quarter....
Financial
Best Buy Q1 Back In The Black
Minneapolis — Cost reductions and supply-chain efficiencies offset soft sales to return Best Buy to profitability in the first quarter. Net earnings were $461...
Financial
Lowe’s Q1 Earnings Accelerate
Mooresville, N.C. — No. 2 majap retailer Lowe’s reported a 15.6 percent spike in first-quarter profits on strength in indoor categories. The home-improvement chain...
Financial
Target’s Q1 Profits Tumble
Minneapolis — Markdowns, poor performance in Canada and the fallout from last December’s data breach proved a drag on Target’s first-quarter profits. Net earnings...
Financial
Lenovo Posts Revenue Records
Hong Kong — Lenovo reported strong growth from PCs and tablets in the fourth quarter and full fiscal year to help achieve new company...
Financial
Home Depot’s Q1 Profits Up 12.5%
Atlanta — The Home Depot shrugged off harsh spring weather to post higher sales and profits in the first quarter. Net earnings increased 12.5...
Financial
Staples Sales, Earnings Slip During Q1
Framingham, Mass. – Staples reported lower sales and profits in the first quarter due to 16 store closures and unfavorable currency exchange rates. Net...
Financial
hhgregg: Weather Hurt Chain In Fiscal Q4
Indianapolis – hhgregg’s sales and earnings slid during its fiscal fourth quarter amid extreme weather that impacted most of its stores. The multiregional majap,...
Financial
Voxx Reports Lower Sales, Loss In Fiscal Q4
Hauppauge, N.Y. – Voxx International reported lower sales and a net loss in its fiscal fourth quarter, ended Feb. 28, due to harsh weather...