Quarterly Earnings

Sony's Net Profit Plummets 95%, Games Division In Particular Disappoints

Authored by Jay Baage on January 29, 2009 - 12:08pm.

Tokyo, Japan - In line with what the company announced last week, electronics and media giant Sony today reported its first annual losses in 14 years on Thursday. The net loss amounts to Y10.4 billion ($115.6 million) for the October-December 2008 period, which represents a 95% drop in profits when compared the same period the previous year. The biggest disappointment came from the games division, which reported a 97% drop in operating profit, to Y400 million ($4.4 million), mainly due to declining sales of PS3, PS2 and PSP hardware and PS2 and PSP software.

Google Quarterly Earnings Soar Past Wall Street Expectations

Authored by Mark Hefflinger on February 2, 2005 - 3:44am.

Mountain View, Calif. -- Shares of Google shot past the $200-mark in Tuesday's after-hours trading, after the search engine giant reported quarterly earnings per share that topped consensus Wall Street estimates by $0.10 a share. Buoyed by an upturn in online advertising, the company reported a seven-fold increase in net income, $204 million compared with $27 million a year ago, on sales that doubled to $1.03 billion. Earnings per share of $0.87 topped estimates of $0.77, according to a survey of analysts by Thomson First Call. Shares were up more than 6% in after-hours trading.

tags: Google | Wall Street | Quarterly Earnings |