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Qualcomm quarterly results fall, sees flat revenues, lower profit ahead

2018-04-25 23:07:00| Telecompaper Headlines

(Telecompaper) Qualcomm reported revenues for its fiscal second quarter to March down 13 percent year-on-year to USD 5.26 billion, in line with its outlook. Compared to the previous quarter, revenues rose 5 percent. Net earnings dropped 52 percent to USD 363 million or USD 0.24 per share, hurt by restructuring charges of USD 310 million. The chipmaker said it was making good progress with its USD 1 billion cost-reduction target and meeting its growth targets for 2019. 

Tags: results lower fall flat

 

Twitter Q1 profit beats expectations, revenues grow 21%

2018-04-25 14:52:00| Telecompaper Headlines

(Telecompaper) Twitter reported a strong start to 2018, with better-than-expected profits and a return to sequential growth in users. Revenues rose 21 percent year-on-year to USD 665 million, with the company saying sales increased across all products and geographies. Video was the fastest growing ad format and accounted for over half of ad revenues.

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Baidu's Q4 revenues jump 29%, profit up 1%; plans IPO for iQiyi

2018-02-14 07:58:00| Telecompaper Headlines

(Telecompaper) Chinese search provider Baidu reported total revenues of CNY 23.6 billion (approximately USD 3.62 billion) for the fourth quarter of 2017, a 29 percent increase year-on-year and just ahead of its guidance. Mobile revenue represented 76 percent of total revenues, compared to 65 percent for the fourth quarter of 2016. Net income amounted to CNY 4.2 billion, representing 1 percent growth year-on-year, and adjusted EBITDA increased 78 percent year-on-year to CNY 6.9 billion. 

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Twitter moves to profit, with revenues rising 2% in Q4

2018-02-08 15:17:00| Telecompaper Headlines

(Telecompaper) Twitter reported its results for the fourth quarter, showing stronger revenues and a positive profit figure. CEO Jack Dorsey said he was pleased with the quarter, noting the company returned to revenue growth, achieved its goal of GAAP profitability, increased its shipping cadence, and reached five consecutive quarters of double digit DAU (daily active user) growth. 

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Tele2 Q3 grows revenues but profit hit by Dutch impairment

2016-10-20 10:00:00| Telecompaper Headlines

(Telecompaper) Tele2 reported third quarter revenues up slightly to SEK 6.961 billion from 6.791 billion the year before, driven by growth in Sweden, the Netherlands, Kazakhstan and the Baltics. Group mobile end-user service revenue lifted 6 percent, with record revenue in Sweden. Group EBITDA slid to SEK 1.562 billion from 1.599 billion, with the margin off to 22 percent from 24 percent, affected by costs associated with the commercial push in the Netherlands following the launch of LTE there. The net result went to a loss of SEK 2.266 billion from a gain of 397 million, hit by an impairment of goodwill in the Netherlands.

Tags: hit profit dutch revenues

 

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