AP News

A look at recent tech-industry earnings


Technology companies have begun releasing their earnings reports for the latest quarter. The reports come as consumers shift their spending toward tablets and a weak global economy curbs corporate spending on computers. They also come as Microsoft prepares to release a new version of Windows on Oct. 26.

Here is a summary of recent earnings and reports for selected technology companies and what they reveal about the state of spending and the overall economy. The reports generally cover the July-September period, though some companies have fiscal quarters that depart from that.

— Oct. 5: Samsung Electronics Co. forecast another record quarterly operating profit, likely driven by strong sales of high-end smartphones that offset weak semiconductor orders. Samsung estimated that its July-September operating income nearly doubled to 8.1 trillion won ($7.3 billion) from 4.25 trillion won a year earlier. The result was better than the market consensus of 7.6 trillion won. Full results are expected Oct. 26.

— Tuesday: Intel Corp., the world's largest chipmaker, says net income fell 14 percent from last year in the latest quarter, and it's looking at tough conditions in the new quarter. Intel blames a difficult global economy for declining sales, but analysts believe a shift in spending from PCs to tablets and smartphones may be contributing.

IBM Corp. says revenue slipped below Wall Street's expectations in the third quarter as the technology company dealt with jittery customers and a weakening euro that undercut its results. Despite the problems posed by the wobbly economy, IBM's earnings held steady.

— Wednesday: eBay Inc. says its third-quarter net income grew 22 percent, helped by higher revenue at its PayPal payments service and the marketplaces business that includes eBay.com.

Coming up:

— Thursday: Google Inc., Microsoft Corp., Advanced Micro Devices Inc., Verizon Communications Inc.

— Oct. 22: Yahoo Inc.

— Oct. 23: Facebook Inc., Netflix Inc.

— Oct. 24: Zynga Inc., AT&T Inc.

— Oct. 25: Apple Inc., Sprint Nextel Corp., Amazon.com Inc.

— Oct. 26: Samsung Electronics Co., Comcast Corp.

— Nov. 1: Sony Corp.

— Nov. 8: Groupon Inc.

— Nov. 13: Cisco Systems Inc.

— Nov. 20: Hewlett-Packard Co., Dell Inc.

— Dec. 20: Research In Motion Ltd.


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus