Panasonic reports $558 million quarterly loss as cost cuts offset by sales slump, lower pricesAugust 3rd, 2009 Panasonic reports $558 million quarterly lossTOKYO — Panasonic is reporting a 52.98 billion yen ($558 million) loss for the fiscal first quarter as lower sales, falling gadget prices and retirement expenses offset cost cuts. Osaka-based Panasonic Corp.
Canon profits plunge 86 percent in April-June quarter from year earlierJuly 28th, 2009 Canon profits plunge 86 percent in 2QTOKYO — Canon Inc. said second quarter profit sank 86 percent as the global economic malaise weighed on sales of its copy machines, printers and digital cameras while a stronger yen took a bite out of overseas earnings.
Samsung says 2nd-quarter net profit rose 5.2 percent over last year's, sales riseJuly 24th, 2009 Samsung says quarter-2 net profit rose 5.2 percentSEOUL, South Korea — Samsung Electronics says second-quarter net profit rose 5.2 percent from the same period last year as sales rose. Samsung Electronics Co.
Panasonic reports loss on slump, price falls, retirement expenses that offset cost cutsAugust 3rd, 2009 Panasonic reports loss on slump, price fallsTOKYO — Panasonic Corp. posted a 52.98 billion yen ($558 million) loss as sliding sales, falling gadget prices and restructuring costs kept the Japanese electronics maker in the red for a third straight quarter.
Sony's net profit down 94.8 percent in October-December periodJanuary 28th, 2009 TOKYO - Sony Corp Thursday reported its net profit plunged 94.8 percent in the October-to-December quarter to 10.4 billion yen ($116.37 million) because of a strong yen and dwindling demand for electronics. The earnings compared with a 200.2 billion yen net profit from the same quarter a year earlier.
Sony reports 37.1 billion yen loss first quarter, keeps forecast for more red inkJuly 30th, 2009 Sony reports quarterly loss, expects more red inkTOKYO — Sony Corp., maker of the hit PlayStation game console, reported a smaller-than-expected quarterly loss but maintained its forecast for more red ink as it takes a beating from the strong yen and slumping global electronics sales. The Japanese electronics and entertainment company said Thursday its net loss for the fiscal first quarter was 37.1 billion yen ($390.5 million) compared with a 35 billion yen ($368.4 million) profit in the April-June period a year earlier.
Ericsson sees profits fall 61 pct in second quarterJuly 24th, 2009 Ericsson profits fall 61 pct in second quarterSTOCKHOLM — Swedish wireless equipment maker LM Ericsson AB on Friday said its second-quarter profits plunged 61 percent partly because of restructuring charges and losses in its mobile phone unit, Sony Ericsson. Ericsson said net profit in the April-June period was 800 million kronor ($106 million), down from 2 billion kronor in the same three months last year.
GameStop profit falls 32 percent on fewer hit video game titles; full-year outlook cutAugust 20th, 2009 GameStop posts disappointing profit, cuts outlookGRAPEVINE, Texas — GameStop Corp., the world's largest video game and entertainments software retailer, posted disappointing fiscal second-quarter results on Thursday and lowered its full-year earnings forecast, citing fewer hit video games and cautious consumers. Shares tumbled in morning trading.
AT&T 2Q earnings fall 15 percent yet beat Street estimates; 2.4M iPhones activatedJuly 23rd, 2009 Economy and iPhone subsidies trim AT&T's 2Q profitNEW YORK — AT&T Inc.'s earnings fell 15 percent in the second quarter as it subsidized a record-setting launch of the newest iPhone. The weak economy also continued to sap its landline business.
Nokia reports pre-tax loss for first quarterApril 16th, 2009 HELSINKI - Citing an 'exceptionally tough environment', Nokia, the world's largest maker of mobile phones, Thursday reported lower sales and a sharp drop in operating profit for the first quarter of 2009. The Finland-based company posted a pre-tax loss of 12 million euros ($15.8 million), compared to a pre-tax profit of 1.6 billion euros for the corresponding business period in 2008.
Viacom's 2Q profit falls 32 percent on weak ad market, slow video game salesJuly 28th, 2009 Viacom's 2Q profit falls 32 percentNEW YORK — Viacom's second-quarter profit tumbled 32 percent as revenue fell amid a weak advertising market, slower video game sales and fewer movie releases. The media conglomerate controlled by billionaire Sumner Redstone earned $277 million, or 46 cents per share, compared with $407 million, or 65 cents per share, in the same quarter last year.
Toyota reports $819 million quarterly loss on plunging sales, strong yenAugust 4th, 2009 Toyota reports $819 million quarterly lossTOKYO — Booming sales of the Prius hybrid helped the world's No. 1 automaker Toyota deliver a smaller-than-expected 77.82 billion yen ($819 million) quarterly loss and narrow its forecast of red ink for the full year.
Disk maker Seagate to shut Singapore factory with 2,000 workers affectedAugust 4th, 2009 Disk maker Seagate to shut Singapore factorySINGAPORE — Hard disk maker Seagate Technologies LLC. said Tuesday it plans to shut its Singapore factory by the end of next year to cut costs.
Toyota global output, sales down in first half of 2009 due to slowdown, but beats GMJuly 28th, 2009 Toyota global output, sales slide in January-JuneTOKYO — Toyota's global sales fell 26 percent in the first half of this year as the recession hit auto demand, but troubles at U.S. rival General Motors saw the Japanese automaker retain its world No.
Ericsson sees profits fall 56 pct in second quarterJuly 24th, 2009 Ericsson profits fall 56 pct in second quarterSTOCKHOLM — Swedish wireless equipment maker LM Ericsson AB's second-quarter profits plunged 56 percent partly because of restructuring charges and losses in its mobile phone unit, Sony Ericsson, the company said Friday. The world's leading supplier of broadband networks said net profit in the April-June period was 831 million kronor ($111 million), down from 1.9 billion kronor in the same three months last year.
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