Yahoo reported 26% profit decrease in Q3 2011
Yahoo reported third-quarter profit of 23 cents per share (taking into account the potential effect of dilution), which exceeded analysts' expectations for earnings of 17 cents. The results go against the whole range of fundamental strategic decisions facing the company. However, Yahoo's earnings diluted share decreased by 21% compared with same period last year when it reached 29 cents. The net profit for the period fell 26% to 293 million USD from 396 million a year earlier. The company's revenues without the cost of acquiring traffic reached 1.07 billion USD and match analysts forecast a decline of 5% annually - the same as in the second quarter. Yahoo attributed the decline to deal with Microsoft. The company's revenues, according to state accounting rules (GAAP) decreased by 24% to 1.217 billion USD from 1.6 billion USD an year ago. After the announcement of the results of Yahoo shares rose 3.3 percent, although the financial results coincided completely with the expectations of investors. The Yahoo's profits, however, can not compensate for the lack of clarity about the future of the company that is experiencing a heavy period after the dismissal of Carol Bartts from the post of CEO in September. Currently the company is in search of a successor. There are still rumors that Microsoft will try to acquire a concern. The software giant has already proposed some years ago 47.5 billion USD for search engine operators, but then the offer was rejected.
Intel reported profit increase inspite of the weakness of the PC market
The US chip maker Intel Corporation today announced results for its third quarter, for the sixth time set new records for the number of microprocessors sold, revenue and profit. In the third quarter revenues rose 28 percent to 14.2 billion USD (10.3 billion EUR). Experienced the profit improvement over the same period a year earlier by 17% to 3.5 billion USD. The earnings per share jumped from 0.52 to 0.65 USD, says the company's press release.
"Intel announced record results again in the third quarter (surpassing 14 billion USD in revenue for the first time), which are a result of double-digit growth in mobile computing", said Paul Otellini, president and the CEO of Intel. "We also note and continued strong performance in data centers, which are due to continued growth in mobile and cloud computing". The company used 4 billion USD to repurchase 186 million common shares and gross margin was 63.4%, 0.6% below average, expected the company. With Intel results surpassed analysts' expectations. They forecast earnings per share of 0.61 dollars and a turnover of 13.9 billion USD. In the course of trade sledborsovata shares in yesterday's session, rose 0.5% jump with almost 5%.
Apple reported profit increase, but under the analysts forecasts
Only 17 million iPhone buyers have found their last quarter, which is the fourth financial year 2011 for the company. In fact this is an increase of 21% over the previous year, but analysts say will be sold over 20 million smartphones. Speaking at the presentation of financial results with video conferencing CEO Tim Cook pretty tried to explain the lower growth, while promising new sales record. Investors, however, are discouraged.
"In the second half of the quarter began to appear more and more rumors of a new model of iPhone, which prompted many buyers to wait with your purchase. The release of iPhone 4S then, however, surpassed all expectations by 4 million units sold during the first weekend", said Cook. So he believes that during the quarter, which ends in December, the company will consider new highs. This will help both new iPhone4S, and price reductions on older devices iPhone 4 and 3GS. The current record for sales of the device was placed during the quarter ending in June to 20.34 million units sold.
Canon reported profit increase, but decreased the forecasts for the year
The Japanese technology company Canon Inc. announced that its net profit for the third quarter grew by 14.2% yoy despite the high exchange rate of the yen, thanks to strong sales of office equipment and digital cameras in emerging markets like China and India. The net profit rose to 77.9 billion JPY (726 million EUR) at 68.20 billion JPY (648 million EUR) for the same period of 2010. In operating profit increased from 17.4 percent to 122.5 billion JPY from 104.42 billion JPY the same period last year. Sales annually increase by 0.4% to 916.91 billion JPY. However, the company lowered its forecast for net annual profit to 230 billion JPY in the previous forecast of 260 billion JPY and forecast its annual operating profit to 360 billion yen from 380 billion JPY. The company expects sales to amount to 3.650 trillion JPY in 2011, now estimated 3.780 trillion JPY. The forecast is based on assumptions about rates around 77 JPY for USD and 105 JPY for EUR in the fourth quarter. It should be there given that Canon's results are calculated in U.S. accounting standards.
The financial report of Apple surprised all analysts
In the second fiscal quarter for Apple the company's sales have risen to 28.6 billion dollars, said the largest market value of U.S. technology corporation, quoted by Financial Times Deutschland. The analysts had expected lower profit in the financial report to 3.6 billion USD result.
"We are excited about the fact that we can send its best quarter ever", said the CEO Steve Jobs at the company headquarters in Cupertino. The net profit has risen more than doubled from 3.25 billion to 7.3 billion dollars. The turnover is mainly due to record sales of iPhone and iPad. Apple sold 20.3 units of mobile phones, 9.3 million units tablets and nearly 4 million computers Mac. The investors apparently believe in the good times to the company. In the trading session after the shares jumped almost 7% and their price went from $ 400 limit. The trading was suspended because of high demand. Previously, Wall Street Journal reported that some of Apple's directors have held meetings with companies hiring for the manager to decide who can succeed Steve Jobs at the helm of the company. At least once a name has been referred to the head of one of the other known technology companies. The paper refers to knowledgeable sources, and Jobs himself has denied the news. According to the sources of Wall Street Journal it's very preliminary talks, whose purpose was rather to see the possibilities before the concert, rather than to immediately find a new CEO.
The profit of Lenovo increased with 25% in the last quarter of 2010
One of the biggest companies producing computers in the world - China's Lenovo, reported profit growth of 25 per cent in the last quarter of 2010 on an annual basis. With a major contribution to this outcome are the appreciation of Chinese yuan and lower costs for components. The Lenovo's net profit for the period was 99.6 million dollars since the same quarter of previous year's positive result was 79.5 million dollars. Preliminary estimates of analysts was for earnings of 86 million dollars. The company, however, warn that growth could stall because of unclear economic situation in the U.S. and Europe.
"Growth in the global PC market slowed last quarter, due to the challenges facing the global economy and the debt crisis of some major markets," reported from Lenovo. However, the sales in the U.S. and Europe increased by 22 per cent and Lenovo in China increased sales by 18 percent.
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