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Stories about: profit


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Electronic Arts Posts Better than Expected Results for Fiscal Quarter

Video game publisher Electronic Arts has announced that it has posted better than expected results for the third fiscal quarter, which ended on December 31, although it has failed to beat the outlook that Wall Street analysts have linked to the company. EA has managed to bring in more than 1.65 billion dollars (1.25...

2 February 2012
20:31 GMT

More Money for Victims of BP Oil Spill

The major Gulf of Mexico oil spill may be history today, but its effects are still taking a toll on the revenue of seafood business in that area. As a result, shrimpers and crabbers will receive substantial compensation meant to make them forget, at least to a certain extent, the devastating incident ever happened. ...

1 December 2011
05:45 GMT

Ethical Caviar from Man-Milked Sturgeons Now Included in Menus

Manufacturers are trying to make the caviar industry more sustainable, by improving the method of obtaining delicacy, so far a guilty pleasure. They have started “milking” the sturgeons, in order to stimulate them to produce eggs. Until now, caviar trade has triggered a significant reduction of the sturg...

28 November 2011
04:28 GMT

HP Makes Billions in a Single Quarter, webOS Wastes a Truckload

HP's fiscal year ended on October 31, which means that, for it, the fourth quarter of 2011 was the August-October period, so, naturally, it revealed how its money situation evolved. Turns out that evolved is a very appropriate word, since the IT giant amassed a revenue of $127.4 billion for the whole FY 2011 ...

22 November 2011
04:28 GMT

NVIDIA's Finances Go Up in Q3 of FY 2012

The third quarter of NVIDIA's Fiscal Year 2012 ended on October 30, so NVIDIA decided to publish its financial situation, as well as the outlook for Q4. NVIDIA couldn't exactly brag about record earnings or anything like that, but it still succeeded in posting a rise in both revenues and profits. Net in...

11 November 2011
02:45 GMT

Dance Central Will Power Harmonix Profits in 2011

Video game developer Harmonix, best known for its Rock Band music simulation franchise, might have been sold off by parent company Viacom earlier in the year for a very small sum but the newly independent studio says that it might get revenue of more than 100 million dollars (72 million Euro) for 2011 and record prof...

8 November 2011
07:37 GMT

Lenovo's Profits Jump by 89% in the Second Quarter

A while after its FY results were published, Lenovo is speaking of its profits and sales during the second quarter of the calendar year 2011. Lonovo just showed just how much money it made during the second quarter of 2011. Apparently, the sum was big, of about $145 million (105.17 million Euro), which is 89% high...

2 November 2011
06:44 GMT

Samsung Profits Fall During the Third Quarter of 2011

Samsung has many division, each of which accounts for some of its revenue, and it looks like most of them didn't do as well as the company may have hoped during Q3. 2011. Samsung was able to make profits during the July-September period, but this didn't turn out to be an overly impressive feat. This is be...

28 October 2011
07:12 GMT

Logitech's Profits Drop During Second Quarter of Fiscal Year 2012

Logitech is already well into its fiscal year 2012 and, since it finished its second quarter on September 30, 2011, it, naturally, had to step forward and tell analysts how things went. As it happened, Logitech didn't have much to brag about, except, perhaps, that everything went more or less as it expected. ...

27 October 2011
08:19 GMT

ARM Ships One Billion Chips in Three Months, Double Profits

Some may have been skeptical about the odds about a year and a half ago, but it looks like ARM's gambit to expand its horizons to bigger devices has paid off very well, according to its recent financial results. People who assumed that ARM was doing well for itself have been proven right by the company's ...

25 October 2011
06:02 GMT

SanDisk Also Reports Its Financial Situation, Good Tidings

SanDisk issued a press release in which it said that it finished the third quarter of fiscal year 2011 on October 2, with better than average results, to put it lightly. While the recession doesn't seem to be as bad as it was a couple of years ago, it still hasn't completely gone away. As such, it is so...

21 October 2011
20:01 GMT

Philips Does 85% Worse in Q3 2011, Will Fire 4,500 Employees

Showing that the recession is still alive and well, Philips is now in the position where it has to reduce its personnel in order to decrease operating costs, seeing as how its profits plummeted massively in the third quarter. We've passed the first half of October, which is the first month of the fourth quarte...

18 October 2011
10:44 GMT

Samsung Profits Slide Down On Year

Since another month has begun, companies are, naturally, letting financial details slip, with Samsung being, in this case, the outfit that got reported on by market watchers. Recent reports from Digitimes reveal that Samsung had a mostly mixed third quarter, financially-wise. More specifically, while profits ...

8 October 2011
05:58 GMT

Lenovo Profits Almost Double on Year

Coming to act as proof of how general finances are at least partially recovering, Lenovo experienced a very promising first quarter of its fiscal year 2012, amassing revenues of almost $6 billion.When it comes to finances, 2011 has, so far, been a year of promising upturns, despite a short slide here and there.Grant...

18 August 2011
07:18 GMT

Square Enix Posts Lower Profits, Waits for Final Fantasy XIII-2

Japanese video game publisher Square Enix has announced that it has brought in revenue of 34.5 billion Yen during the first fiscal quarter of this year, which ended on June 30, a figures that is about one quarter smaller than the one posted for the same period of 2010.The company also reported a profit of 690 million...

8 August 2011
14:31 GMT

Electronic Arts Sees Revenue and Profit Increase During Fiscal Q1

Video game publisher Electronic Arts has announced that it has performed well during the first fiscal quarter of 2012, which ended on June 30, and reported a profit of 221 million dollars, which is a significant 23 percent more than during the same period of last year. The company also reported that overall revenu...

27 July 2011
17:51 GMT

Nintendo Sells 3.61 Million 3DS Units, Profit Falls 66 Percent

Nintendo, besides confirming yesterday that it will, in fact, launch a Wii successor, has revealed its earnings for the last quarter of the fiscal year that ended on March 31, as well as sales figures for the 3DS platform. Nintendo, after a huge amount of rumors, confirmed that it would be releasing the successor ...

27 April 2011
14:21 GMT

AMD Profits During the First Quarter

With the first half of April now past, IT players are outlining their financial situations, and it looks like Advanced Micro Devices has finally taken its turn, revealing mixed results and expecting little improvement in Q2. During the first quarter of the ongoing year (2011), Advanced Micro Devices could have s...

22 April 2011
02:49 GMT

Assassin's Creed and Just Dance Power Ubisoft to Profit

France-based video-game publisher Ubisoft has announced that it has posted better than expected financial results for the third calendar quarter of 2010, with the performance fueled by the strong sales enjoyed by both Assassin's Creed: Brotherhood and the Just Dance series. Sales for the quarter which ended on ...

15 February 2011
16:31 GMT

Xbox 360, Kinect Are Causes for Microsoft Record Quarter

Microsoft, one of the most important technology-oriented companies in the world, has announced that its video game business has contributed significantly to one of its best ever quarters, when it comes to financial results, with revenue going up to about 20 billion dollars just as profits went down a bit to somewhere...

31 January 2011
09:06 GMT

2010 Ends With Increased Acer Revenues

Overall, the IT market mostly recovered during 2010, and it seems that Acer succeeded in scoring higher amounts of revenues throughout last year, compared to the figures registered during 2009.Already quite a few companies have released or at least offered some inkling as to their financial performance during 2010.O...

27 January 2011
03:54 GMT

Netbook Vendors May See Drop in Profits Because of Rising LCD Prices

At one time, making and selling netbooks was a particularly profitable venture, and it still is, but said profitability may actually be heading for a low, now that liquid crystal displays are getting more expensive.It appears that tablet PCs aren't the only factor that makers of netbooks will have to deal with,...

6 December 2010
05:07 GMT

Dell Scores a Growth of 19% On-Year in Q3 of FY 2011

It appears that, even though it had to get over some hurdles around the start of the year, Dell managed to get its revenues to grow by a fair bit during the third quarter of FY 2011.Dell recently got out of the third quarter of Fiscal Year 2011, so of course it had to give the press an update on its financial status...

19 November 2010
03:21 GMT

Microsoft Will Profit from Every Kinect Sold

A Microsoft executive has claimed that when the Kinect motion tracking system is released on November 4 the company will profit from every unit which is sold to gamers, despite the big initial investment in development and the 500 million dollars price tag for the advertising campaign that will inform the public abou...

29 October 2010
15:31 GMT

Dell Outdoes Itself, Scores Revenues of $15.5 Billion

Even with all the supposed economic hardships in Europe, and in spite of how tablets have finally started to affect netbook sales, Dell did little but surge, financially, during the second quarter of fiscal year 2011, even increasing its revenues, on-year, by 22%, for a total of $15.6 billion.According to recent rep...

20 August 2010
05:14 GMT

AMD Returns to Profitability After 12 Quarters of Losses

For the past three years, Advanced Micro Devices can't be said to have been the best performing IT company, at least not as far as finances are concerned. For 12 consecutive quarters, the Sunnyvale, California-based chip maker has been on a steady decline, losing more than it was earning. Back in the third quar...

16 April 2010
02:27 GMT

Micron Earns $365 Million in Q2 of FY 2010

Micron seems to be growing up quite fast now that its DRAM and NAND sales are picking up speed. In fact, instead of suffering further losses, similar to those incurred in the second quarter of Fiscal Year 2009, the company has made quite solid profits during the quarter that ended on March 4 (the second quarter of FY...

2 April 2010
08:54 GMT

Capitalism, Science and Innovation

In the modern world, words such as incentives, profit, entrepreneurship, competition, innovation, and economic growth have become clear indicators of capitalism, and of a Western lifestyle. This economic system has become so widespread and rooted in the collective consciousness, that people have been conditioned to t...

27 February 2010
06:30 GMT

SEGA Announces Profit, Bayonetta Sales

SEGA has announced that overall revenue for the company went down by 7.7% for the nine months of 2009, which ended on December 31 compared to the same period in 2008.The good news is that despite the slowing sales, SEGA has managed to turn a profit, something not attained in the final nine months of 2008. Income is n...

10 February 2010
02:57 GMT

Microsoft Xbox 360 Division Sees Bigger Profits

Microsoft has had a very good second fiscal quarter, for the period that ended on December 31, 2009, seeing profits go up to 6.7 billion dollars from 4.2, while overall revenue went from 16.7 to 19 billion dollars. And one of the main contributors to this increase, behind the success of the new Windows 7 operating sy...

1 February 2010
04:26 GMT

Sony Expects Wand-Powered Profits

Sony seems to be ready to make some profit after last year revealing the biggest loss in the history of the company. A report in the Nikkei financial newspaper in Japan, which has been translated by Reuters, suggests that for the third quarter of 2009, the period between October and December, the company might report...

1 February 2010
03:44 GMT

AMD Posts Profits for Q4 2009

AMD posted its financial results for the fourth quarter of 2009 and the report shows what is the first quarterly profit of the company after 13 consecutive quarters. Advanced Micro Devices not only performed well during 2009, from a marketing standpoint, but it also benefited from the royalty-bearing antitrust settle...

22 January 2010
03:33 GMT

Intel's Net Income Soars 875% in Q4 2009

The economic recession has been making life hard to all levels and all segments of the industry and 2009 was quite a difficult year for all IT corporations, especially in the first half. While this would have explained financial losses for companies, the Santa Clara chip maker Intel seems to have bounced back instead...

15 January 2010
11:26 GMT

Sony Will Sell 13 Million PlayStation 3's This Year

Sony has set a target of selling 13 million PlayStation 3 gaming consoles during the course of this fiscal year and Kaz Hirai, who is an executive vice president of the Japanese company, is telling the media that he is very confident that his company will surpass that number of devices sold.During the last fiscal yea...

24 November 2009
03:49 GMT

Microsoft Xbox Division Reports Increased Income

Microsoft has revealed the results of its Entertainment and Devices Division, which oversees the strategy for the Xbox 360 home gaming console, showing that sales have remained pretty much unchanged from one year ago, but that the operating income has gone up by a whopping 96%, reaching 312 million dollars. The resul...

27 October 2009
04:50 GMT

Nintendo Sees Revenue and Profit Fall

Nintendo has reported its financial results for the first fiscal quarter of the year and it's not a pretty sight. Arguably the most important force in videogaming at the moment, with strong businesses in both hardware and software, it has told investors that it has seen profit go down by more than 60% to reach 4...

31 July 2009
03:19 GMT

Apple's iPhone Profit, in the 60% Area

Cupertino-based Apple is reportedly earning a lot from each sold unit of its iconic iPhone handset, namely somewhere around 60 percent. Given this high gross margin, the company can easily lower the price of other products it has on the market, while maintaining its bottom line at the same level. The iPhone sees grea...

30 July 2009
07:27 GMT

Dell Makes $2 Million with Twitter

Social media may be the latest trend for businesses but few are actually making money, and even the service providers themselves are struggling to monetize their enormous user base. YouTube has been losing huge amounts of money for years and other social networks aren't doing great either. Twitter, the rising st...

12 June 2009
05:51 GMT

Activision Blizzard Continues to Earn More Than Expected

Activision was one of the biggest companies in the video game industry, and when it merged with Blizzard it was certain that its rule would be a strict and severe one. But even though a lot of analysts marked the fact that it would make a reasonable amount of profit, the recent earnings report painted a very profitab...

14 May 2009
02:29 GMT

Capcom Pushed Forward by Resident Evil 5 and Street Fighter IV

Capcom, a Japanese publisher headquartered in Osaka, has announced that both sales and profits for the fiscal year that ended on March 31 were up, driven mostly by good sales in its top franchises, like Resident Evil 5 and Street Fighter IV, which were released in the initial months of 2009. The company also sees a g...

12 May 2009
04:24 GMT

Nintendo Makes Even More Money

Nintendo has reported record sales again, when it comes to both hardware and software. The Japanese game console creator and videogame publisher has managed to increase its sales and profit, registering a 10% increase over the previous period. Operating income reached 5.6 billion dollars for the fiscal year while net...

8 May 2009
13:51 GMT

Activision Blizzard Is Making Some Serious Money

There's a worldwide recession going on and its impact seems to reach almost every branch of the industry, including the gaming one, which has seen several big corporations announce the fact that they will resort to important layoffs in order to still make a profit. But one company doesn't even worry about ...

21 April 2009
02:24 GMT

Profit Drives Asian Over-Medication

Over the past years, doctors in Asia have begun to prescribe impressive amounts of medication, giving patients who enter their practices drugs for conditions that they do not suffer from. Some of the physicians think too far and prescribe pills for complications that might appear if the usual drugs do not work. In on...

6 April 2009
06:15 GMT

Hospitals in the US Make Zero Profit

According to a Thomson Reuters financial analysis of US hospitals, most of these institutions currently register no profits from their activities. Their median profit margins are at zero, and chances are that they will remain very low for the next period. In addition, of the 400 hospitals that have been surveyed, mor...

3 March 2009
10:28 GMT

Saints Row 2 Shifts over 2.6 Million Units

The sandbox action adventure genre has been dominated by the Grand Theft Auto franchise, the brainchild of the Rockstar team. But as time passed, some companies decided that a fresh take, one filled with much more fun activities was needed to attract gamers. As such, the Volition studio decided to create the Saints R...

6 February 2009
11:11 GMT

Nintendo Reduces Profit Forecast, Analysts Are Worried

It seems that Nintendo can do no wrong. The Wii home gaming console is outselling both the PlayStation 3 from Sony and the Xbox 360 from Microsoft, while the Nintendo DS manages to even outsell its corporate brother. The games for the two platforms are also consistently beating the 1 million barrier, with titles like...

5 February 2009
02:15 GMT

PlayStation 3 Sales Are On Track, Says Sony

Sony isn't going through its greatest financial period, as the recession is taking its toll on the Japanese electronics company. Despite the fact that it has employed some drastic layoffs at the beginning of the year, it seems that those weren't enough, and, as the company has experienced its first losses i...

3 February 2009
15:11 GMT

Sony Ericsson Announces Higher Losses for Q4

Sony Ericsson announced on Friday its earnings for the fourth quarter and posted a higher-than-expected loss for the time frame. At the same time, the mobile phone maker announced that it planned to further cut costs, mainly due to the fact that it expected the market condition to go from bad to worse. The company ...

16 January 2009
05:28 GMT

Blizzard Says It Isn't Exploiting Starcraft II

Blizzard is a very popular company, largely due to the fact that it has always delivered great games to its loyal fans. Titles that made history, like Starcraft, Diablo or World of Warcraft offered players excellent experiences and they are still played today, because the company invested in the Battle.Net online sys...

19 November 2008
11:01 GMT

Motorola Sold 28.1 Million Handsets in the Second Quarter of 2008

Although various analysts have predicted that Motorola will fall to the fourth or fifth place in the global handset industry, the American company remains on the third place when it comes to the number of mobile phones shipped in the second quarter of this year. Moto has issued today its financial results for the tim...

31 July 2008
09:18 GMT


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