Articles about loss

Toshiba

Scandal-hit Toshiba cutting 7,000 jobs, heads for $4.5bn loss

Scandal-hit Toshiba has today warned that it expects an annual loss of Y550bn ($4.5bn) and plans to shed nearly 7,000 jobs in its personal computer and television consumer electronics businesses. Toshiba said it also plans to flog its TV plant in Indonesia and end sales of TVs outside Japan. Overall, it will shed 10,600 jobs …
Kat Hall, 21 Dec 2015
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Last orders cost Quantum dear as it limps to $11.2m loss

Storage company Quantum has confirmed its early October revenue warning, with second fiscal 2016 quarter revenues of $117m, and not the hoped-for $125m. There was a loss of $11.2m in the quarter, which compares with a loss of $10.8m in the previous quarter, and indeed a profit of $1.2m in the year-ago quarter. It attributed a …
Chris Mellor, 30 Oct 2015

Red-stained Opera wants someone to hug it and whisper: 'No more pain, no more tears'

Opera Software has announced a 45 per cent revenue boost for its second quarter of financial year 2015 while hinting at a possible buyout, but didn't draw much attention to its $3m losses. Chairman Sverre Munck said on Wednesday that “the board has seen an interest in different alliances and cooperations with Opera over the …
Jennifer Baker, 12 Aug 2015
Steve Ballmer

SHOW ME THE MONEY! Ballmer on Amazon: 'They're not a real biz, they make NO cash'

Vid Ex-Microsoft boss Steve Ballmer has attacked retail giant Amazon for failing to make a profit after more than two decades of trading its wares online. "They make no money, Charlie. In my world, you're not a real business until you make some money. I have a hard time with businesses that don't make money at some point," Big …
Kelly Fiveash, 25 Oct 2014
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Chips are down at Broadcom: Thousands of workers laid off

Broadcom is exiting the cellular baseband business, a decision that's has bitten hard, with the company announcing layoffs of around 2,500 employees – around 20 per cent of its total workforce – worldwide. Its latest SEC filing shows the company turned in a loss of $US1 million for the quarter, a collapse from the previous …

HTC warns of likely loss next quarter

Taiwanese mobile-maker HTC has warned that it may have its first ever operating loss in the third quarter, sending its shares sliding nearly seven per cent. HTC said in a statement announcing its Q2 results that its margins had been hit by "the relatively higher cost structure, lack of economy of scale and certain provisions …
The Register breaking news

IT'S ALIVE: Groupon stock up, spreadsheets still soaked in red

Groupon shares rallied in after-hours trading last night, jumping at least 10 per cent - after the daily deals site announced a better-than-expected rise in revenue. The voucher bazaar is still making a loss, however. Investors have been more optimistic about the site's stocks since co-founder and chief Andrew Mason was …
The Register breaking news

25% of Groupon share value WIPED OUT after rates slashed

Groupon lost a quarter of its market value yesterday after it admitted it was taking a smaller cut of revenue on its coupons to keep retailers interested. The daily deals bazaar's stock dropped 24.78 per cent yesterday to $5.98 after its fourth quarter results were once again a disappointment to investors. Critics have been …
The Register breaking news

Shocked Zynga investors get a penny per share

Zynga has shocked analysts by somehow coming up with a cent in earnings for each one of its shares. The online gaming firm, which is struggling to retain its users, was expected to come up with a loss of three cents per share for investors, but managed to grab them a penny instead. That did not make the rest of its financial …
The Register breaking news

Google took a bath on Android in 2010, judge reveals

Android gave Google nothing but a net loss for every quarter of 2010, despite making about $97m in revenue in the first quarter of the year. Google doesn't release specific financial information about Android, but the numbers came out in the Oracle v Google trial over the Chocolate Factory's use of Java in its mobile operating …
The Register breaking news

Nokia shares fall as it drops first quarter forecast

Nokia shares dropped over 16 per cent on the Helsinki Stock exchange today after it cut its profit forecast for the first quarter. The Finnish phone firm said that it now thought its operating margin for the first three months of this year was around -3 per cent, instead of a previously expected break-even range of plus or …
The Register breaking news

Sharp bags partners for LCD biz, forecasts bigger loss for 2011

Sharp has found two new partners to help with its LCD factory as it forecasts an annual loss of ¥380bn ($4.7bn, £2.97bn). The company's new forecast for the fiscal year to the end of March is up from a previously expected loss of ¥290bn ($3.57bn, £2.25bn). The full results will be reported later this month. "We have adjusted …
The Register breaking news

Sony 2011 losses are TWICE as bad as expected

Sony has more than doubled its forecast for losses in fiscal 2011 to ¥520bn ($6.4bn, £4bn) after figuring out it will owe an extra ¥300bn ($3.69bn, £2.32bn) in taxes in the fourth quarter. The Japanese firm said today that it had to pay the additional tax on assets that were mainly in the US. "Due to the recording of this …
The Register breaking news

Regulator probes Groupon as shares tumble

Daily deals site Groupon has seen its stocks tumble nearly 17 per cent, after mistakes in its fourth quarter results announcement forced the firm to issue a revision over the weekend. Groupon shares finished US trading on Monday down 16.89 per cent to $15.27, meaning its stock has now fallen 41.5 per cent from its debut close …
Cat 5 cable

Sony nosedives into $2.8bn loss as Hirai grabs controls

Sony's new CEO will have his hands full at the helm of the loss-making Japanese firm - the entertainment megacorp announced today that its net loss in the quarter ending in December was 159 billion yen ($2bn) and it has slashed its full-year forecast to a loss of 220 billion yen ($2.8bn). Sony, which announced just yesterday …
The Register breaking news

Sony Ericsson announces pre-slurp loss

Sony Ericsson has announced what it no doubt hopes will be one of its last quarterly losses for the end of 2011, just before it gets slurped in full by Sony. The mobile phone maker, which has struggled to compete with big Android houses like Motorola and Samsung, is to be fully taken over by Sony in the next few months. The …
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Current Comet owner hit with half year loss

Kesa Electricals, the for-the-moment owner of UK retailer Comet, has announced a loss for the first six months of the fiscal year, as consumer appetite for big electronics flags. The group made a loss before tax of €147.7m in the six months to the end of October this year, compared to a profit of €27.2m in the same period of …
The Register breaking news

LinkedIn whips out begging cap, asks for $500m

LinkedIn is looking for a few million dollars more from the market so it can increase its capital and its public float. The social business network wants to raise the funds with a secondary offering of around $100m worth of its own shares, with another $400m or so coming in from stocks sold by existing holders. "The proceeds …

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