Sramana Mitra submits: eBay continues to struggle against current economic conditions with rather lackluster Q3 performance. It has reduced its Q4 guidance, raising doubts about a merry Christmas for the company this year. Q3 revenues of $2.12 billion were marginally lower than the market’s expectations of $2.13...
Sramana Mitra submits: It’s been a year since Cisco first warned about a slowdown in U.S. technology spending. Now, as it releases its Q109 results, the company says the slowdown has spread to Europe, emerging countries and Asia. In this post, we will look at the performances of Cisco...
Sramana Mitra submits: On Thursday, Qualcomm (Nasdaq: QCOM), which tops my Top 10 Semiconductor Stocks list, reported mixed fourth quarter and fiscal year 2008 results. Q4 revenue grew 45% y-o-y and 21% q-o-q to $3.33 billion and included the $560 million in licensing and royalty revenues received from Nokia...
Sramana Mitra submits: Seawater desalination leader Energy Recovery Inc’s, ERII Q3 results were disappointing compared with the previous year’s performance, yet the company managed to beat both market expectations and last quarter’s outlook. Revenues of $9 million were substantially higher than the Street’s expectations of $7 million, but...
Sramana Mitra submits: Here are the candidates according to to Kara Swisher: “While Yahoo’s YHOO board has some execs in mind to become CEO, obvious candidates include News Corp. NWS COO Peter Chernin, as well as former AOL head Jon Miller, former eBay EBAY CEO Meg Whitman...
Sramana Mitra submits: Nvidia Corporation NVDA, the leading graphics chip maker with annual revenue of $4.1 billion, recently reported a 74% decline in its Q3 earnings due to a 20% decline in revenue. However, earnings topped analyst estimates and shares soared, helped by the design win with Apple AAPL....
Sramana Mitra submits: The Walt Disney Company DIS has been exceeding market expectations over the past few quarters. However, the recently announced quarterly results showed that Disney is one more company that is not immune to the recession and decline in consumer confidence. Though Disney managed to beat revenue...
Sramana Mitra submits: At a time when many e-commerce companies are slipping on quarterly numbers, MercadoLibre (NASD: MELI), the Latin American online marketplace, exceeded all expectations for its Q3 results, released on November 11. Revenues for the quarter stood at $40.3 million against the Street’s expectations of...
Sramana Mitra submits: Dell Inc DELL, the No.2 PC vendor with annual revenue of $61 billion, reported its third quarter results last Thursday. Though slowdowns in IT spending and demand saw its revenue decline and miss estimates, Dell’s cost-cutting measures have boosted its earnings, beating expectations. Last quarter, Dell...
Sramana Mitra submits: Leading 2D and 3D design software maker Autodesk ADSK announced its Q3 results last Thursday. The stock might have taken a beating Thursday to close at $16.82 and is now hovering around $13.17, but the company’s performance makes me remain bullish on it. Autodesk reported...
Sramana Mitra submits: In a recent Automatic Data Processing ADP National Employment report, ADP reported a drop of 157,000 jobs, the biggest decline the company has seen since November 2002. With the economic slump becoming more severe, job cuts have spread from automakers, financial and housing-related companies to retailers...
Sramana Mitra submits: Hewlett-Packard HPQ announced strong fourth quarter and fiscal year 2008 results driven by terrific cost control and strength in the HP Services segment, which was helped by the EDS acquisition. For the full fiscal year 2008, revenue was up 13% to $118.4 billion. Profit was...
Sramana Mitra submits: eBay’s EBAY vulnerability, it seems, is drawing attention. In this installment of the Deal Radar, we look at a company that is trying to hit eBay where it hurts! Wigix is a new online marketplace for consumer goods modeled on a NASDAQ-style trading...
Sramana Mitra submits: At a time when most companies are revising down their annual outlook, in just three quarters, Comcast CMCSA has already met its free cash flow target for the year. Comcast’s reported Q3 revenues of $8.5 billion were marginally lower than the $8.6 billion the market...
Sramana Mitra submits: Google GOOG reported Q3 earnings yesterday that exceeded all market expectations despite the worsening economic conditions. They reported revenues of $5.5 billion with EPS of $4.92. The market was looking for revenues of $5.6 billion and EPS of $4.75. Google’s revenues grew 31% over the year. By...
Sramana Mitra submits: There is some good news amidst this bloodbath. IBM IBM is second on my recent list of Top 10 Outsourcing Stocks and its recent earnings show why. Despite the tough market, the company had a strong quarter. IBM had grown stronger in the face of the...
Sramana Mitra submits: Here is some more good news. SunPower SPWR announced impressive Q3 earnings last week. With revenues of $377.5 million, the company exceeded the market’s expectations of $350 million, and reported annual growth of 61%. Its EPS grew 82% to $0.60 and beat the Street’s view of...
Sramana Mitra submits: Apple AAPL, which recently topped my list of the Top Five Handset Stocks, reported fourth quarter results on Wednesday that beat profit estimates but missed revenue estimates. Despite the tough market, Apple sold 6.9 million iPhones in the quarter and beat its sales target of 10...
Sramana Mitra submits: While Apple AAPL had a great quarter, Nokia NOK lost market share and reported a disappointing quarter last week. The loss in market share follows its decision not to match aggressive pricing from its competitors at the cost of profitability. While market share slid to 38%...
Sramana Mitra submits: The economic recession is hitting retail stocks worldwide. The recent announcement of Amazon’s AMZN results did not bring much cheer to the market either. Their revenues of $4.3 billion for the quarter were in line with the market’s expectations, and recorded a 30% increase...
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