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Lenovo quarterly sales up 18%, profits rise 23%

2014-08-14 09:09:00| Telecompaper Headlines

(Telecompaper) Lenovo reported revenues for its fiscal first quarter of USD 10.4 billion, up 18 percent year-over-year. Its gross margin came in at 13 percent, and operating profit rose 40 percent to USD 283 million. Net earnings were up 23 percent to USD 214 million. The company grew PC shipments 15 percent to 14.5 million units, again outperforming the industry and strengthening its market share to 19.4 percent. The company claimed third place in the global tablet market, with shipments up 67 percent to 2.3 million units. Lenovo said it also sold more smartphones than PCs for the first time, with record volume of 15.8 million units, up 39 percent. In its home market China, Lenovo became the number one smartphone vendor with 13 million phones sold. Lenovo said it expects the growth to continue, supported by its acquisitions of Motorola Mobility and IBM's x86 server business. Both transactions are expected to close before the end of the year.

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Apple quarterly sales up 6%, led by expansion in China

2014-07-23 08:25:00| Telecompaper Headlines

(Telecompaper) Apple reported a small increase in revenues for its fiscal third quarter to June, to USD 37.4 billion from USD 35.3 billion a year earlier, in line with its earlier guidance. The growth was driven by expanded distribution in China, where revenues rose 28 percent year-on-year to USD 5.3 billion. Net profit rose to USD 7.7 billion or USD 1.28 per share from USD 6.9 billion or USD 1.07 per share in the year-ago quarter. The gross margin was better than expected, at 39.4 percent versus 36.9 a year ago. iPhone sales were up 13 percent from a year ago but 19 percent lower than the previous quarter at 35.2 million units. iPad sales fell 9 percent year-on-year and 19 percent sequentially to 13.3 million units. Mac sales rose 18 percent annually and 7 percent from the previous quarter to 4.4 million. For the current quarter, Apple forecast revenue of USD 37-40 billion and a gross margin of 37-38 percent. 

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International Sales Boost Hasbro Quarterly Results

2014-07-21 15:18:41| Toys - Topix.net

Hasbro Inc, the second-largest U.S. toymaker, reported an 8 percent increase in quarterly revenue on a jump in international sales and strong demand for its action toys based on "Transformers" movies and Marvel Comics' characters.

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Park Electrochemical reports sales decline, quarterly loss

2014-05-17 17:01:57| Chemicals - Topix.net

Park Electrochemical Corp. Friday reported fourth-quarter net sales of $38.2 million, a 10.6 percent decline from the year-earlier results, and a $64 million noncash charge that pushed earnings into the red.

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Olympic's Quarterly Sales Up 2.6 Percent

2014-05-15 06:32:13| Steel - Topix.net

Olympic Steel Inc., Cleveland, reported net income of $2.8 million on sales of $346.9 million in the first quarter.

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