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4 May 201125 Apr 201120 Apr 201119 Apr 20117 Apr 201118 Mar 201121 Feb 201110 Feb 20113 Feb 201127 Jan 201119 Jan 201123 Dec 201021 Dec 201017 Dec 201016 Dec 20108 Dec 201026 Nov 201024 Nov 20109 Nov 201029 Oct 201020 Oct 201013 Oct 20107 Oct 201020 Sep 201013 Sep 201023 Aug 201020 Aug 201017 Aug 20102 Aug 201030 Jul 201029 Jul 201028 Jul 2010
Norway's Renewable Energy Corp posted forecast-beating earnings on Wednesday, but warned of waning demand, oversupply and price pressure as political uncertainty clouds key European solar markets.
Reuters
Shares of NAND flash drive maker SanDisk are off by US$1.68, or 3.4%, at US$47.31 after the company reported revenue and earnings per share for 1Q slightly ahead of expectations and said Japan's disaster would not derail its earnings outlook for the year.
Barron's
LED maker Cree reported a profit on Tuesday that missed Wall Street estimates and forecast lower-than-expected earnings in the current quarter due to high inventories and falling prices, sending its shares lower in after-hours trade.
Reuters
Infineon will go into specifics concerning the past quarter, the outlook for the current quarter and the expectations for the fiscal year 2011 when presenting the figures for the second quarter of the fiscal year 2011 on May 3, 2011.
Company release
Liquid-crystal-display maker LG Display said Monday it swung to a first-quarter net loss due to weak television demand and panel prices, but in a sign of improving market conditions, a company executive predicted a return to profit on an operating basis in the current second quarter.
Dow Jones (via The Wall Street Journal)
Operating profits for the first quarter of 2011 are estimated at KRW2.7-3.1 trillion (US$2.5-2.8 billion), compared to KRW3.01 trillion in the prior quarter and KRW4.41 trillion a year ago.
Company release
TomTom said consumer business revenues would "contract modestly" in 2011 due to a decline in the size of the market for personal navigation devices. To compensate, the firm expects to sign more agreements with car manufacturers and license its products to more commercial customers.
BBC News
TriQuint Semiconductor's (TQNT) fourth-quarter earnings more than doubled as revenue jumped by nearly one-third, but results still fell short of analysts' forecasts. "With the world transitioning to a mobile Internet, I expect a strong market and see another solid growth year for TriQuint in 2011," said company president and CEO Ralph Quinsey.
Wall Street Journal
The profit gain was largely due to "a significantly improved performance in electronic devices, driven mainly by the return to profit of the LCD business and demand expansion in NAND flash memories," Toshiba said in a statement.
AFP (via Google)
The first full quarter on Elop's watch will include the first sizable sales from the company's N8 smartphone. The 44% drop in profit forecast by analysts stands in contrast to Apple's 78% earnings growth in the period.
Bloomberg
ASML said it expects first-quarter net sales this year of about 1.4 billion euros (US$1.88 billion), and said the company has the potential for 2011 sales of more than five billion euros. Sales in 2010 rose to 4.51 billion euros.
Bloomberg (via Businessweek)
Micron Technology said it expects prices for NAND to drop another 10% in the current quarter but pointed to signs of improvement as demand for the chips used in smartphones, tablets and solid-state hard drives grows.
Reuters
"Chip prices remained strong until the first half of this year, but they dropped sharply, especially during the fourth quarter," CEO OC Kwon said in a recent interview. "Due to the sharper-than-expected fall, a considerable decline in both our sales and profit is inevitable in the fourth quarter."
Wall Street Journal
Texas Instruments has narrowed its fourth-quarter financial forecasts that match analysts' projection, citing higher demand for communications equipment.
Bloomberg
Verigy has reported a profit for the August-October period, as higher sales of semiconductor test systems helped it come back from a loss a year earlier. The company's guidance fell short of Wall Street's expectations, however.
ABC News
Moneyshow.com
Business Week
Wall Street Journal
Sharp cut its annual profit forecast by 40%, citing the stronger yen and falling prices of panels. Net income will probably total 30 billion yen (US$367 million) in the year to March 2011, down from its previous forecast of 50 billion yen.
Bloomberg
"We booked EUR 1,297 million worth of systems in the third quarter of 2010 and expect bookings in the fourth quarter to exceed the Q3 level, confirming our potential for 2011 sales growth," said Eric Meurice, president and CEO of ASML.
Company release
Samsung Electronics, Asia's biggest maker of semiconductors, flat screens and mobile phones, reported profit that missed analysts' estimates, fueling concern the global recovery in demand for electronics is stalling.
Bloomberg
Samsung Electronics Chairman Lee Kun-hee has signaled that the company's component businesses have reached a peak, suggesting that profit may fall in 2011 from this year's record level.
Wall Street Journal
Analog chip vendor Texas Instruments has lowered the upper end of its forecast range for third-quarter profit and sales, indicating that semiconductor demand may be slipping as economic growth slows.
Bloomberg
Marvell's net income for the second quarter ended July 30 nearly quadrupled to US$219.8 million, compared with US$58 million a year ago. The results gave it confidence to start buying back stock, according to the chipmaker.
Forbes
Verigy, which makes products that test flash memory, high-speed computer memory chips and SoC devices, previously posted seven straight quarters of red ink, though recent losses had narrowed.
Wall Street Journal
Wal-Mart, the world's largest retailer, saw its quarterly profits rise 3.6%, but sales in its home US market fell for the fifth quarter in a row.
BBC News
Net income for the second quarter of 2010 was US$37.3 million, compared to US$2.2 million a year ago. Revenues grew by 35.7% to US$435.3 million.
Company release
Sharp said it made a group net profit of 10.69 billion yen (US$122.2 million) in the April-June quarter, reversing from a 25.2 billion yen net loss in the same period a year earlier.
Wall Street Journal
MEMC, which makes wafers for computer chips and silicon for solar cells, said it earned US$13.8 million, or 6 cents per share, up from US$1.4 million, or a penny per share, during the same period last year.
Business Week
Motorola reported a six-fold increase in second-quarter profit, largely driven by its lower-profile non-cellphone units, as the company took several key steps toward its planned split early next year.
Wall Street Journal
Toshiba has posted its second straight quarterly profit on rising chip demand, beating analyst estimates for a loss.
Bloomberg
SK Telecom posted a net profit of 364 billion won (US$306.5 million) in the three months ended June 30, largely thanks to increased sales of its wireless data services. Its net profit was 311.6 billion won in the same period a year earlier.
Wall Street Journal
In the three months ended June 30, Infineon swung to a net profit of 126 million euros (US$164 million) from a loss of 24 million euros in the same period a year ago. The firm has raised its full-year outlook, expecting revenues to grow at least 40% in fiscal 2010 compared to the previous year.
Marketwatch.com (Dow Jones)
LG Electronics, the world's third-biggest mobilephone maker, reported a 33% drop in second-quarter profit after it lagged behind Apple and Samsung Electronics in offering smartphones.
Bloomberg
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