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Pixar’s Art Leaves Profit Watchers Edgy

April 5th, 2009 · No Comments

LOS ANGELES — Pixar Animation Studios has never released a movie that was not a commercial and creative triumph, and its 10th feature, “Up,” is looking to be no exception — at least artistically.
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“Finding Nemo,” a blockbuster [...]

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A Web Site’s For-Profit Approach to World News

March 23rd, 2009 · No Comments

Overseas reporters have been a casualty of budget-chopping news organizations, leaving an opening for the online start-up GlobalPost. But at a time when many news executives are exploring nonprofit business models to keep specialized reporting flowing, GlobalPost, which made its debut on Jan. 12, is intended to be a moneymaking venture.
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Hewlett-Packard’s Profit Declines 13%

February 19th, 2009 · No Comments

MOUNTAIN VIEW, Calif. — Just three months ago, Hewlett-Packard appeared largely immune to the global recession that had shaken other major technology companies. Now, it, too, has succumbed to a worsening economy, reporting flat revenue growth for the first three months of the year but forecasting revenue declines for the rest of the year. [...]

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BlackBerry Maker Forecasts Disappointing Profit, Despite Rise in Subscriptions

February 14th, 2009 · No Comments

The BlackBerry maker Research in Motion on Wednesday forecast profit at the low end of expectations because businesses are not buying its latest smartphone upgrades in the economic downturn.
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The shares fell more than 15 percent after the warning and recovered only slightly by the end of trading. [...]

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Qwest Profit Falls, but Results Beat Forecasts

February 12th, 2009 · No Comments

Qwest Communications International, the telephone company, said its fourth-quarter profit fell 49 percent from the year-earlier period, but cost-cutting helped its underlying performance beat Wall Street expectations.
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The company, which is based in Denver, said on Tuesday it earned $185 million, or 11 cents [...]

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Qwest Profit Falls on Tax Effects

February 10th, 2009 · No Comments

Filed at 10:34 a.m. ET
NEW YORK (AP) — Fourth-quarter earnings fell 49 percent at Qwest Communications International Inc. from a year ago, mainly due to tax effects, while cost-cutting helped its underlying performance beat Wall Street expectations.
Its shares rose 21 cents, or 6.2 percent, to $3.58 in morning trading.
The Denver-based phone company on Tuesday said [...]

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EMC Profit Down 45% in Quarter

January 29th, 2009 · No Comments

The EMC Corporation, the data storage company, said Tuesday that its fourth-quarter profit fell 45 percent as one-time expenses weighed on its results. Excluding charges, the company’s results beat Wall Street estimates, but EMC said it would issue no financial guidance.
EMC said its earnings for the quarter ended Dec. 31 fell to $288 million, [...]

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Siemens Profit Drops 81%, but Revenue Is Up

January 28th, 2009 · No Comments

FRANKFURT (AP) — Siemens, the industrial conglomerate, said Tuesday that its quarterly profit fell 81 percent, largely as a result of the sale of its VDO Automotive business last year.
The company, which makes products like trains and light bulbs, said net profit fell from 6.475 billion euros a year earlier to 1.23 [...]

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EMC Profit Sinks on Charges

January 27th, 2009 · No Comments

Filed at 9:21 a.m. ET
HOPKINTON, Mass. (AP) — Data storage company EMC Corp. said Tuesday its fourth-quarter profit fell 45 percent as one-time restructuring expenses weighed on its results.
Excluding charges, the company’s results beat Wall Street estimates, but EMC said it would not issue any financial guidance due to the uncertain economy.
Shares wobbled in premarket [...]

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Google Beats Forecast Even as Its Profit Tapers

January 24th, 2009 · No Comments

SAN FRANCISCO — Google’s search advertising business continues to show resilience in the face of the deepening global recession.
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Eric Schmidt of Google said no major cuts were planned.
RelatedTimes Topics: Google Inc.Google Earnings Statement
Google said Thursday that its net income for the fourth quarter of 2008 fell 68 [...]

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