Revenues down from previous year, quarter, second half of year 'will remain a challenge'
Results for Samsung's second quarter of the 2014 fiscal year were posted today, showing declining revenues for the third straight quarter. Samsung warned investors at the beginning of the month that it expected a drop of 24 percent from 2013, missing projections in the area of $1 billion. The second quarter, which ended June 30, saw net income of only $6.1 billion (6.25 trillion won).
Revenues beat industry projections and earnings per share, user counts increase
Facebook released its quarterly earnings for the second quarter of 2014, showing a large increase year-over-year. Revenues topped out at $2.9 billion, a staggering $1.1 billion, or 61 percent, increase from 2013. The revenue jump is due largely to advertising revenue and an increase in daily and monthly active users.
Expected profits fall shy of expectations, Nokia deal responsible for $0.08 EPS hit
Microsoft released its quarterly revenue figures for the end of the 2014 fiscal year, revealing that the company pulled in $23.38 billion in revenues for the fourth quarter. While the revenue numbers beat the expectations of $23 billion, earnings per share (EPS) missed the mark at $0.55 per share. Experts polled by Thomson Reuters expected the software company to hit $0.60 EPS based on the $23 billion in revenues.
Company is 'not satisfied,' with results, declining display ad revenue to blame
Yahoo posted its second quarter 2014 results yesterday, indicating shrinking revenues from the same quarter in the previous year. The quarter, which ended on March 31, saw a decline in revenue due to disappointing results from display ad revenue. CEO Marissa Mayer realizes that there is still work to do in some areas, as the company looks toward a "unified approach" to advertising.
Analysts apparently taking Apple guidance more seriously now
Reports are surfacing that Apple may release a disappointing quarterly earnings report for investors on July 23. The consensus from 35 Wall Street pundits polled exactly matches the revenue from the year-ago quarter at $35.02 billion -- meaning zero revenue growth for the quarter, which is traditionally Apple's slowest. Apple itself said it would earn between $33.5 billion and $35.5 billion for the quarter, which ended on June 30.
Manufacturer optimistic of third quarter successes
Samsung, the world's top technology manufacturer by revenue, reported a record 6.72 trillion won ($5.9 billion) quarterly profit, up 79 percent from the same time last year. Revenue was boosted by $3.65 billion solely from its smartphone sales, as predicted by analysts and Samsung itself. The company reports television sales up from last year, primarily from 3D and LED models. Memory chip and processor sales fell slightly from the same period last year.
Steven Rosenblatt joins Foursquare in new position
Location tracking and check-in service Foursquare has hired its first Revenue Chief. Ex-Apple iAd executive Steven Rosenblatt has been hired to fill the newly created position. Foursquare's former head of business development, Tristan Walker, filled the role of revenue chief before leaving early this month.