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Worried About IPO Filing Backlash, Groupon Surveys Consumer and Merchant...
Groupon’s S-1 filing for an IPO last month certainly got a lot of ink. Unfortunately, much of it was negative, focused on several controversial parts of the document. Most scrutinized were large slugs...
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Another One Bites the Dust: Yahoo Shares Dip as Einhorn Sells Off Stake
It all started off so well. But it didn’t go on for long in the case of David Einhorn’s high-profile hedge fund Greenlight Capital, which today dumped an investment it made earlier this year in Yahoo...
View ArticleSony Slides to Loss on Quake, Cuts Guidance
Sony Corp. said Thursday it slipped to a net loss in its fiscal first quarter, squeezed by the impact of the March 11 disasters, and lowered its earnings forecast for the fiscal year, citing weak sales...
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Wall Street's Demand for Demand Media Falls Off
After the markets close tomorrow, Demand Media will report its second-quarter earnings. Wall Street is expecting a solid performance from the Santa Monica, Calif.-based online content maker compared...
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Demand Media Q2 Call Liveblog: Spam-a-Not
Today, Demand Media beat Wall Street expectations in its second-quarter earning, growing revenue and lessening losses. The Santa Monica, Calif., online content maker also announced that it had...
View ArticleAcer Expects Loss for the Year
Acer Inc. said Wednesday that it doesn’t expect to post a profit this year, with conditions that resulted in a second-quarter net loss likely to continue weighing on the company. The Taiwan...
View ArticleSony Forecasts Loss Topping $1 Billion for Year
Sony Corp. said Wednesday it swung to a net loss for the three months ended Sept. 30 and now expects to lose well over $1 billion this fiscal year, as the strong yen dents sales outside Japan and its...
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Salesforce Is Growing, But Slower Than Analysts Thought It Would
Shares of cloud software outfit Salesforce.com were pounded today, first during the regular session and then in after-hours trading, as the company reported results that disappointed analysts on many...
View ArticleTiVo Q3 Loss Widens; Subscriptions Return to Growth
TiVo Inc.’s fiscal third-quarter loss widened as the cost of gaining new subscriptions climbed, though the effort appeared to pay off as the company broke a four-year streak of declining subscriber...
View ArticleTake-Two Expects Full-Year Loss on Max Payne 3 Delay
Take-Two Interactive Software Inc. warned it expects a loss for fiscal 2012 as it has to delay the launch of its Max Payne 3 videogame to May from March. “We do not take changes to our release schedule...
View ArticleNintendo Swings to Loss
Grappling with a sluggish debut for its new hand-held game system and petering demand for its flagship home console, Nintendo Co. swung to a loss for the first nine months of its fiscal year and scaled...
View ArticleNokia Posts Huge Loss
Finland’s Nokia Corp., the world’s largest mobile-phone maker by volume, Thursday posted its third consecutive quarterly net loss, as handset sales dropped 29 percent on an annual basis. The company...
View ArticleMotorola Mobility Posts Q4 Loss on Merger Costs
Motorola Mobility Holdings Inc. swung to the red in the fourth quarter as costs tied to its pending acquisition by Google Inc. offset higher revenue from handsets. The company’s stronger-than-expected...
View ArticleSony Swings to Loss, Slashes Full-Year Forecast
Sony Corp. said Thursday it veered into a fiscal third-quarter net loss of more than $2 billion and forecast a much wider full-year loss than previously expected, dragged down by losses in its...
View ArticlePanasonic Forecasts $10 Billion Loss
Panasonic Corp. said Friday that it now expects to post a loss of more than $10 billion for the fiscal year ending March 31, and cited a write-down related to its acquisition of a rival and hefty...
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After Stock Got Whacked Last Week, Demand Media Readies Its Q4 Story for Wall...
A little more than a week ago, Morgan Stanley kneecapped Demand Media’s stock by downgrading the Santa Monica, Calif., online content company’s prospects. Some worries: Pressure from...
View ArticleSony Projects Deeper Loss
Sony Corp. slashed its earnings outlook for the fourth time in less than a year, warning that it now expects a ¥520 billion ($6.4 billion) loss for the past fiscal year because of a tax-related charge...
View ArticleAMD Posts $590 Million Loss
Advanced Micro Devices Inc. swung to a first-quarter loss as the chip maker continued to bear costs related to its spun-off foundry business, though its core earnings improved. The company has...
View ArticleFitBit's New (Non-Wearable) Device: The Wi-Fi Smart Scale
Fitbit, maker of the popular fitness device that clips onto clothing and tracks activity and sleep patterns, is attempting to set itself apart in the increasingly crowded fitness-tech market with the...
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As Nintendo Fades, Zynga Continues to Grow
It’s a battle between Mario and the farm, and the farm seems to be winning. Yesterday, Nintendo reported an annual loss — its first in more than three decades — after revenues fell 36 percent. Hours...
View ArticlePanasonic Posts Record Annual Net Loss
Panasonic Corp. said Friday its net loss in the fiscal fourth quarter grew more than tenfold from a year earlier, as ongoing struggles at its television operations and a tax-related charge pushed the...
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Is Yahoo's Human Resources Department Next to Get a Mayer Shakeup?
David Windley According to sources close to the situation, active new CEO Marissa Mayer has turned her focus on the troubled Silicon Valley Internet giant’s human resources unit. It is now headed by...
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Wall Street Reacts to Apple's Legal Win Over Samsung: Maybe, Let's Not Kill...
Apple’s already soaring stock got yet another boost in after-hours trading today, after it largely won a bruising patent infringement battle with Samsung. Shares of the tech giant, which have risen 76...
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Groupon Earnings Miss Big, Sending Stock Into After-Hours Swoon
Despite a large uptick in the stock earlier today, Groupon’s fourth-quarter results caused its shares to plunge 23 percent in after-hours trading. The Chicago-based company said its revenues were...
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Don Mattrick Debuts as New Zynga CEO, With Loss Expected in Q2
Former Microsoft Xbox head and new Zynga CEO Don Mattrick will helm his first quarterly report and conference call later today, after the company’s founder and former CEO Mark Pincus removed himself...
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