Dell on Tuesday reported financial results for its second fiscal quarter of 2012 and described its performance as "strong" based on $15.7 billion in revenue. That's up 1 percent from last year, and 4 percent sequentially. Meanwhile, Dell's operating income for the first half of 2012 jumped 50 percent, and GAAP earnings per share rose a healthy 71 percent to 48 cents. So why did Dell's stock drop so sharply in after hours trading?
Investors are reacting to Nvidia's financial report for its second quarter of its fiscal year 2012, and doing so in a good way. Shares of Nvidia stock rose by as much as double digits today after Nvidia reported a 5.7 percent bump in revenue over last quarter, which rose from $962 million to $1.02 billion. Even more impressive is the year-over-year comparison, in which Nvidia's revenue is up over 25 percent.
Cambridge chip designer ARM Holdings posted results for its second quarter and half year ended June 30, 2011. Revenue for the quarter jumped 27 percent to $190.2 million, up from $150.3 million one year prior. Total revenue for the year did slightly better, jumping 28 percent from $293.6 million one year ago to $375.7 million in the first half of 2011. Those numbers are somewhat modest by chip giant standards, but it's worth noting ARM added 29 processor licenses in the second quarter alone.
Netflix acknowledged in its Q2 earnings report that its recent price hike will likely cause revenue to fall in the third quarter before rebounding in the fourth. Investors responded by feeding the hybrid DVD-by-mail/streaming movie service a heaping slice of humble pie in after hours trading, sending the company's sky-high stock price down more than 10 percent.
Printer and digital camera maker Canon today posted consolidated results for the second quarter and first half ended June 30, 2011, and blamed the March 11 earthquake and tsunami for its drop in profits. Net profits sank nearly 20 percent year-over-year, while operating profit for the quarter dropped 31 percent from one year ago. Canon reported numbers down almost across the board, including 14 percent less revenue than the same quarter in 2010.
Windows and Windows Live Division revenue dipped 1 percent for the fourth quarter ended June 30, 2011, and was down 2 percent for the year even though Windows 7 sold more than 400 million licenses, Microsoft announced. Nevertheless, the Redmond software giant posted big numbers overall, with $17.37 billion for the quarter, an 8 percent increase from the same quarter one year ago. For the fiscal year, Microsoft reported record revenue of $69.94 billion, a 12 percent jump from last year.
AMD's revenue for the second fiscal quarter of 2011 dipped 5 percent compared to the second quarter in 2010 as the hunt for a permanent CEO continues, the company announced on Thursday. It's been over six months since former chief Dirk Meyer resigned in January after butting heads with the company's board of directors over AMD's mobile strategy. CFO Thomas Seifert has been serving as Interim CEO ever since.
Intel today posted yet another soild quarter, boasting record revenue for the fifth consecutive time. Perhaps a year from now, ARM will have stolen away some of Intel's market share on the desktop and dipped into its profits, and maybe AMD's upcoming Bulldozer will do the same, but in the here and now, Intel is about as close as a company can come to legally printing money, without actually printing money.
Google had a bit of an off first quarter this year. It’s not like they lost billions of dollars, but the financial markets were a little unhappy with the numbers. The just announced Q2 results should make everyone forget all about that though. Google reports an astounding $9.03 billion in quarterly revenue. That’s a record for Google.
Investors left holding the worthless scraps of paper that the Pets.com stock became after the dot-com bubble burst can tell you that figuring out the worth of a Web property can be a tricky proposition. With companies liked LinkedIn, Groupon and Pandora going public and making millions – or billions – on an almost daily basis, media pundits are worried that another bubble may pop soon. Cautious investors trying to stay ahead of the game measure a Web property's worth by its users' worth. So what are you worth to some of the biggest sites on the Web?