Qualcomm posts lower profit, cuts revenue forecast
Qualcomm lowered its revenue estimate and declined to update its earnings forecast as it reported flat revenue and a steep decline in profit for its fiscal first quarter.
Qualcomm lowered its revenue estimate and declined to update its earnings forecast as it reported flat revenue and a steep decline in profit for its fiscal first quarter.
Dell will report a hefty charge against earnings when it reports its fourth-quarter financial results at the end of next month, the company announced Wednesday.
Verizon Communications posted net income of US$1.2 billion in the fourth quarter of 2008, up slightly from the fourth quarter of 2007, with growth in wireless and broadband services buoying the company.
Sun Microsystems reported an 11 percent drop in revenue for the December quarter but managed to beat the modest expectations of financial analysts.
The morning after Sony said it expects to report its first net loss in 14 years, shares in the consumer electronics company slid 7 percent.
Sony CEO Howard Stringer hinted on Thursday that the company has a number of new mobile devices in the pipeline.
Sony revealed on Thursday the extent to which the global economic downturn is hurting its business, as it slashed its annual sales forecast by US$15 billion, reversed a forecast profit to a loss and readied its domestic workforce for job cuts.
Apple beat expectations with its financial results for the holiday shopping quarter, a period that treated many consumer electronics companies badly.
Advanced Micro Devices reported a steep loss and declining revenue for its fourth quarter as the chipmaker continued to suffer amid the faltering economy.
Google's profit took a dive in the fourth quarter, which ended Dec. 31, while revenue grew almost 20 percent, the company announced Thursday.
Windows Vista and XP may shoulder most of the blame for Microsoft's mediocre second quarter results announced Thursday, but few of the software maker's divisions were shining beacons.
Illustrating current economic woes, Microsoft had a disappointing second quarter, with revenue dropping in its important Windows operating system business.
Hewlett-Packard saw a sharp increase in fourth quarter revenue and expects a profitable fiscal 2009 despite a gloomy global economic scene.
Microsoft's chief financial officer outlined a three-part plan the company will undertake to weather the current economic crisis, which spurred Microsoft to lower its revenue and earnings expectations for fiscal 2009 on Thursday.
Multiyear annuity sales lifted Microsoft's revenue 9 percent for the first quarter of fiscal 2009, but the company lowered guidance for its second quarter as crisis grips the global economy, news that came as no surprise to financial analysts.