HTC hasn’t been having the best run lately and that continues today. After promising this past Wednesday at an investor meeting to reinvigorate its line through a new product in October and “improved design and innovation,” the Taiwanese smartphone manufacturer has posted bleak earnings results for the month of May with revenue of NT$10.79 billion (US$347 million), down 50% over the same month last year and down 11% from April’s revenue of NT$13.5 billion (US$440 million). Revenue for April was down itself 33% from the month prior and 38% from April 2014.
After releasing its earnings guidance earlier this month, Samsung has just posed its official Q1 2015 earnings. The company reports an operating profit of $5.63 billion off of revenues of $44 billion. These numbers represent a drop in operating profits year-over-year, down from $7.8 billion in Q1 2014.
Google today has posted its earnings for Q1 2015. The company reports revenue of $17.3 billion, which is up 12 percent compared to the first quarter of 2014. Net income for Q1 2015 was $3.68 billion For the first quarter of 2015, the company also reports earnings per share of $6.57. Google CFO Patrick Pichette cites momentum of its mobile advertising business as a reason for its strong performance.
Samsung released its earnings guidance for Q1 2015 earlier this evening, and now HTC has done the same. Reuters reports that HTC expects a net profit of $11.6 million for the first quarter of 2015 off of revenue of $1.3 billion. While these numbers are down slightly when compared to Q4 of 2014, they are up significantly from the year ago quarter.
Samsung this evening has released its earnings guidance for Q1 of 2015. The company expects to, yet again, post a decline in profit and revenue year-over-year. Samsung expects its operating profit for Q1 2015 to be $5.43 billion (5.9 trillion won), which beats analyst estimates of $4.8 billion (5.3 trillion won). The company expects revenue of 46 trillion won, which is slightly lower than estimates of 49.8 trillion won.
According to a new report out of The Wall Street Journal, Google’s YouTube unit posted a revenue of nearly $4 billion in 2014, but did not earn a profit of any kind. The $4 billion in revenue during 2014 is up from $3 billion in 2013. YouTube accounted for about 6 percent Google’s overall sales last year.
In an effort to remedy remaining unprofitable, YouTube is planning to launch a new ad-targeting system later this year, the WSJ says, though details remain unclear. …
Lenovo this evening has reported its calendar Q4 2014 earnings, and as is well-known, Motorola is now a part of the company, so the earnings are bit more interesting this time around. According to the earnings release, Motorola Mobility sold 10 million smartphones last quarter, which is up 118 percent compared to the year ago quarter.
Google’s Chief Business Officer Omid Kordenstani gave several updates on the status of the company’s $35 Chromecast streaming device during the this evening’s Q4 2014 earnings call. Kordenstani first stated that users have “casted” content to their television more than one billion times. The company says that this is a huge milestone for the streaming stick and the implementation of the Cast functionality in a variety of different apps.
During the company’s Q4 2014 earnings call, Google Chief Financial Officer Patrick Pichette addressed a few of the reasons for the company’s slower than expected quarter. Pichette said that one issue Google had was keeping up with demand the demand for the Nexus 6. Pichette noted that while the device was well received, the company simply couldn’t get the inventory to keep up with consumer demand.
The Google Q4 2014 earnings call is happening right now, and Google CFO Patrick Pichette took a second to speak about projects that miss their goals and how Google asks them to “take a pause” to reset their strategy. Google Glass, and the recent decision to graduate the project out of Google [x] was used as an example of one of these situations…
Google is out today with its Q4 2014 earnings results from the holiday quarter. The company reports revenue of $18.1 billion, earnings per share of $6.88, with net income of $4.76 billion.
“Google’s full year revenue for 2014 was $66 billion, up 19% year on year,” said Patrick Pichette, CFO of Google, “and this quarter, our revenue was $18.1 billion, despite strong currency headwinds.”
Google will host a live earnings call (embed above) with investors and analysts to discuss its earnings report at 1:30 PM (PT) / 4:30 PM (ET) today.