• NEWS
    Sharp Shares Soar on Prospect of Full-Year Operating Profit

    Japan’s Sharp Corp on Wednesday said it expects significant improvement in annual profit due to restructuring and synergies with new owner Foxconn, sending shares in the display maker soaring more than 10 percent. The statement came after the Nikkei business daily reported that Sharp forecasts operating profit of about JPY 40 billion ($385 million) for […]

  • NEWS
    Microsoft Sales, Profit Top Estimates as Cloud Demand Soars

    HIGHLIGHTS Estimated profit would be 68 cents on revenue of $21.7 billion Revenue from Azure cloud services more than doubled Pledged to reach annualised revenue of $20 billion in cloud business Microsoft Corp.’s first-quarter sales and earnings topped analysts’ estimates, buoyed by growing demand for cloud-based software and services. Profit excluding certain items was 76 […]

  • NEWS
    Nintendo Cuts Full-Year Profit View on Wii U Woes

    Nintendo Cuts Full-Year Profit View on Wii U Woes Nintendo cut its full-year outlook Wednesday blaming disappointing Wii U game sales and a strong yen, but it remained profitable thanks to the sale of the Seattle Mariners baseball team. The warning came despite the immense global popularity of the Pokemon Go app this summer, which […]

  • ALL DEALS
    Google Parent Alphabet Profit Surges on Mobile, Video Ads

    HIGHLIGHTS Alphabet’s net income climbed 27 percent to $5.06 billion Google is competing with Facebook for dominance in mobile advertising Advertising accounted for 89.1 percent of Google’s total revenue Google parent Alphabet Inc bested analysts’ estimates for third-quarter profit and revenue on Thursday as the search company showed it has honed its core business for […]

  • NEWS
    Google Parent Alphabet Profit Surges on Mobile, Video Ads

    HIGHLIGHTS Alphabet’s net income climbed 27 percent to $5.06 billion Google is competing with Facebook for dominance in mobile advertising Advertising accounted for 89.1 percent of Google’s total revenue Google parent Alphabet Inc bested analysts’ estimates for third-quarter profit and revenue on Thursday as the search company showed it has honed its core business for […]

  • NEWS
    Angry Birds Maker Rovio Says Profit Fell 73 Percent In 2014

    Angry Birds Maker Rovio Says Profit Fell 73 Percent In 2014 Mobile games maker Rovio reported its operating profit fell 73 percent last year due to a drop in its licensing business, a latest sign its breakthrough Angry Birds brand is losing its appeal. Falling consumer product business, which includes toys, clothing and brand licensing, […]

  • ALL DEALS
    Rocket Internet-Backed Foodpanda Turns Profit in 2 of Its 3 Regions

    Rocket Internet-Backed Foodpanda Turns Profit in 2 of Its 3 Regions Foodpanda has become profitable in two of its three operating regions, Central and East Europe and the Middle East, with profits in Asia a function of how quickly it can grab market share, its chief executive said on Tuesday. The emerging markets food delivery […]

  • NEWS
    EA Posts Unexpected Profit on Higher Game Downloads

    Video-game publisher Electronic Arts Inc, known for titles such as FIFA and Star Wars Battlefront, reported an unexpected first-quarter profit, helped by higher downloads of its games. The company’s digital business, where players download digital versions of games, generates higher margins than sales of physical discs. EA’s shares initially rose about 2.5 percent in extended […]

  • ELECTRONICS
    Foxconn Sees Q4 Net Profit Dip as Smartphone Demand Slows

    Foxconn Sees Q4 Net Profit Dip as Smartphone Demand Slows Taiwan’s tech giant Hon Hai said net profit dipped in the fourth quarter, hit by a slowdown in demand for smartphones as key customer Apple warns waning sales of its iPhone. Net income in October-December fell 6.67 percent to TWD 52.9 billion ($1.6 billion or […]

  • ELECTRONICS
    LG Says Q1 Operating Profit Likely to Rise on Falling TV Panel Prices

    South Korean tech firm LG Electronics Inc said on Monday its first-quarter operating profit likely rose 66 percent from a year earlier, easily beating expectations and pointing to an earnings boost from healthy appliance sales and falling television panel prices. LG Electronics said in a regulatory filing it expects a January-March profit of KRW 505 […]

  • ELECTRONICS
    LG Electronics Posts Massive Profit Jump Despite Smartphone Sales Slump

    Booming sales of home appliances and televisions helped South Korea’s LG Electronics report a surge in first-quarter profits Thursday, despite a continued slump in smartphone sales. Net income for January to March amounted to KRW 198 billion ($173.9 million or roughly Rs. 1,156 crores), up 415 percent from a year ago, the Seoul-based company said […]

  • ELECTRONICS
    LG Electronics Says Q2 Operating Profit Likely At Two-Year High

    LG Electronics Inc said in a regulatory filing that April-June profit was likely $504 million. Seoul:┬áSouth Korea’s LG Electronics Inc said on Friday its second-quarter operating profit likely reached a two-year high, with analysts pointing to strong contributions from its mainstay home appliances and television set businesses. The world’s second-biggest TV maker by market share, […]