Tech Earnings: A Look at the Winners and Losers – ValueWalk Premium

Tech Earnings: A Look at the Winners and Losers

Tech Earnings: A Look at the Winners and Losers


With earnings season in full swing, many of the tech stocks have already announced their quarterly earnings reporters. Here's a roundup of some winners and losers to date.



On Tuesday, Apple Inc. (NASDAQ: AAPL) reported its fiscal quarter two earnings and saw a 93 percent surge thanks to stronger than expected iPhone sales. The phone had 35.1 million units shipped in the quarter, blowing by Wall Street’s estimates of 31 million to 33 million. iPad shipments were 11.8 million, representing the lower end of analyst estimates, but remember, it didn't launch until mid-March.

Apple saw a net income of $11.6 billion ($12.30 per share), surpassing the previous year's $6 billion earnings ($6.40 per share).

Revenue rose 59 percent to $39.2 billion.

Analysts had estimated earnings at $10.07 per share on revenues of $36.96 billion.


Google Inc. (NASDAQ: GOOG) reported earnings on April 12 and saw its adjusted earnings and adjusted revenue surpass expectations. Revenue increases were assisted by a 39 percent rise in “paid clicks,” but its search-driven text ads prices continued to drop.

Compared to Apple, Google earned $10.65 billion in revenues with $2.89 billion in profits.

CEO Larry Page referred to the first quarter's numbers as “very strong,” but there's still work to be done.

Microsoft Corporation

Microsoft Corporation (NASDAQ: MSFT) reported earnings on April 19 and numbers came in better than analysts' estimates. An unforseen increase in Windows operating system sales for personal computers helped the quarter.

The company's third quarter revenues rose six percent year-over-year, to $17.4 billion, while net income dropped 2.4 percent to $5.1 billion. Earnings per share decreased 1.6 percent to $0.60 cents.

Yahoo Inc.

Yahoo! Inc. (NASDAQ: YHOO)'s  reported its first quarter earnings on April 17. The company's numbers were status quo under the helm of its new CEO Scott Thompson. Net income rose 28 percent from the previous year and exceeded analyst expectations.

The company saw $1.07 billion in sales ($0.23 cents per share) for the first quarter. Earnings topped analysts' estimates while revenue  rose less than 1 percent, but it was seen as a positive since it had been regularly falling for years.


Nokia Corporation

Nokia Corporation. (NYSE: NOK) reported its first quarter earnings on April 19 and saw a $1.2 billion net loss; this represented one of the company’s worst quarters ever. It was attributed by the company to higher than expected competition. This included Apple's  iPhone and handset makers utilizing Google's Android software.

Research in Motion

Research in Motion Limited (NASDAQ: RIMM) (TSE:RIM) reported its earnings on March 29 and saw its revenue and profit come in below analysts’ estimates.

Fourth-quarter earnings (excluding one-time items) dropped to $0.80 cents per share and sales tanked 25 percent to $4.19 billion. At the time of its report, the company said it will stop giving financial forecasts.

The company also announced that its former co-CEO Jim Balsillie resigned from the board.



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