earnings

GM reports 9.3% sales increase in Q1 2013

GM reports 9.3% sales increase in Q1 2013

General Motors, maker of that awesome new Corvette, has reported its Q1 2013 sales figures, and it looks to be all good news. During the first quarter of this year, General Motors sold just under 665,000 vehicles, resulting in a 9.3% increase over the company's total vehicles sales from Q1 2012. The company also recorded its best March sales in five years, selling almost 246,000 vehicles in just 31 days.

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BlackBerry posts $94 million profit in Q4 2013, founder leaving company

BlackBerry posts $94 million profit in Q4 2013, founder leaving company

BlackBerry released its quarterly earnings for its Q4 2013 fiscal quarter, and the company brought in $2.7 billion in revenue, with $94 million of that being cold-hard profit. This is up from $14 million during the last quarter. Furthermore, BlackBerry founder Mike Lazaridis -- who was the company's co-CEO until January 2012 -- has announced that he's leaving the company.

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Samsung expected to hit record sales in Q1 2013

Samsung expected to hit record sales in Q1 2013

Samsung has sold a lot of phones lately, including over 50 million Galaxy S III devices since its launch early last year. However, the company isn't seeing a slowdown any time soon. It's expected that Samsung's Q1 2013 sales will hit record numbers yet again, even though demand hasn't been as high as the company would like.

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Adobe rakes in $1.008b of revenue in Q1 2013

Adobe rakes in $1.008b of revenue in Q1 2013

Adobe has reported its quarterly earnings for Q1 2013 that ended on March 1. The company has made $1.008 billion during the past three months, exceeding its own expectations of $750 million to $1 billion for the quarter. The company also announced that it has passed 500,000 Creative Cloud paid subscribers, while free users are past the two-million mark.

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Best Buy reports Q4 2013 earnings, founder drops plans for private buyout

Best Buy reports Q4 2013 earnings, founder drops plans for private buyout

Best Buy announced its Q4 2013 (fiscal year) earnings today, and it's not looking incredibly good. The company reported a net loss of $377 million with a revenue of $16.7 billion during the quarter. Compared to a year ago, Best Buy brought in a revenue of $16.67 billion with a net loss of $405 million, so the company actually did a tad bit better this time around, actually.

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Barnes & Noble reports $6.1m loss in Q3 2013 earnings

Barnes & Noble reports $6.1m loss in Q3 2013 earnings

Barnes & Noble hasn't been looking good lately, and the company's Q3 2013 earnings that were announced today prove that something is going to have to change. Barnes & Noble reported a $6.1 million loss last quarter, which is a far cry from the $52 million the company netted during the same time last year.

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Tesla posts a 500% increase in Q4 2012 revenue

Tesla posts a 500% increase in Q4 2012 revenue

Tesla has been having a rough week with the whole New York Times fiasco, but it seems Elon Musk and company are going to put that all behind them as the company has reported its Q4 2012 earnings. Tesla made $306 million in revenue during the quarter, which is up a staggering 500% from the previous quarter.

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Barnes & Noble expecting huge loss in NOOK business

Barnes & Noble expecting huge loss in NOOK business

Barnes & Noble will announce its Q3 2013 earnings next week, but things aren't looking good for the book-selling franchise. The company expects a higher loss from its NOOK business for fiscal year 2013 than originally expected in January. The company didn't reveal specific numbers, but their earnings before interest, taxes, depreciation, and amortization showed a loss of $262 million for their fiscal year 2012, and they expect 2013 to be even worse.

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AOL dial-up business brings in $174 million in Q4

AOL dial-up business brings in $174 million in Q4

AOL reported its Q4 2012 quarterly earnings yesterday, and they revealed that the dial-up business is still alive and well, sadly. The company reported that during the quarter, they made $174.2 million for "subscription" services. This accounts for a whopping 29% of AOL's total revenue for Q4 2012. If you ask us, that's quite a huge chunk for services that should be obsolete by now.

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Sony reports net loss of $115 million in Q3 2012 earnings

Sony reports net loss of $115 million in Q3 2012 earnings

On the tail end of quarterly earnings, Sony has reported its financial earnings for Q4 2012 (Q3 2012 fiscal year). The company made a revenue of $22.4 billion, but recorded a net loss of $115 million. However, the company managed an operating profit of $534 million for the quarter, and they ended up in the black for the fiscal year.

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HTC turns focus to inexpensive smartphones for 2013

HTC turns focus to inexpensive smartphones for 2013

This week HTC has revealed its Q4 2012 financial results with less than favorable comparisons to this same time last year, letting investors know that their strategy for hitting 2013 with a bang will be a relatively low starting price point for the Chinese mobile market. This strategy capitalizes on the massive growth potential for greater China and takes the power of the lower-tier market (still largely untapped in many regions around the world) to a whole new level. This set of announcements unfortunately still has HTC forecasting steady or falling margins through the immediate future.

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Facebook posts $1.59b revenue for Q4 2012, more users on mobile than desktop

Facebook posts $1.59b revenue for Q4 2012, more users on mobile than desktop

Facebook has beat expectations of its Q4 2012 earnings, recording a revenue of $1.59 billion, which is just above the expected $1.53 billion that the company would rake in. However, the social networking giant didn't make much of a profit, and instead recorded only a net income of $64 million during the quarter.

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