The latest news, research and information on earnings, profitability, mergers & acquisitions and company financials within the consumer electronic industry.
Home Depot’s Q1 Profits Up, Sales Down By Alan Wolf - 05/19/2009
Atlanta — Effective management of expenses and inventory helped The Home Depot grow profits 44 percent last quarter despite a 10 percent decline in sales. More
DirecTV Posts Revenue, Profit Gains For Q3 11/09/2009
EL SEGUNDO, CALIF.— DirecTV reported a double-digit gain in revenues and a net income gain for the third quarter. Revenues increased 10 percent to $5.47 billion, compared with the same time last year, while year-on-year net income attributable to the DirecTV group rose $3 million to $366 million.
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Cobra Reports Q3 Loss, Lower Sales 11/09/2009
CHICAGO— Cobra Electronics reported a net loss of $509,000 and lower net sales for the third quarter, ended Sept. 30, but sees signs of a recovery. The net loss for the quarter compared with net income of $142,000 for the third quarter of last year. Net sales were $27.4 million for the quarter, down from the prior year’s $33.
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RadioShack’s Q3 Sales, Net Slips By Alan Wolf - 11/09/2009
FORT WORTH, TEXAS— RadioShack said third-quarter profits fell 24 percent to $37.4 million and net sales slipped 3.1 percent to $990 million for the three months ending Sept. 30. Same-store sales at company-owned stores and kiosks decreased 2.9 percent due to slower sales of digital converter boxes, laptop computers, batteries, wireless accessories and GPS devices.
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Sirius Kicks Off Its Most Aggressive Ad Campaign By Amy Gilroy - 11/09/2009
New York— Sirius XM said it will launch its most aggressive advertising campaign to date on Nov. 15 to promote the brand during the fourth quarter. On an earnings call with analysts last Thursday, Sirius XM CEO Mel Karmazin said now that the merger and liquidity issues are past, there is a need to promote the brand.
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Asian CE Makers Offer Glimmers Of Hope By Steve Smith - 11/09/2009
NEW YORK— Eight leading Asian consumer electronics manufacturers reported quarterly results in the past two weeks that showed, in varying degrees, glimmers of an economic recovery. Some manufacturers showed improved performance in the quarter while others readjusted their fiscal year forecast to reflect an improved outlook.
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Nokia Reports Lower Sales, Loss For Q3 By Steve Smith - 10/26/2009
Espoo, Finland— Nokia is optimistic about mobile phones for the balance of the year, but reported a double-digit drop in net sales and loss in the third quarter compared with last year. The loss was reportedly due to more than $1.3 billion in charges on Nokia Siemens Networks, a joint venture with Siemens AG.
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Audiovox Posts Profit, But Lower Sales In Fiscal Q2 By Steve Smith - 10/26/2009
Hauppauge, N.Y.— Audiovox reported lower net sales but turned a $2.8 million profit in its fiscal second quarter, ended Aug. 31, with accessories sales leading the way. Net sales for the fiscal 2010 second quarter were $124.9 million, compared with net sales of $147.2 million reported in the prior year period, a decrease of 15.
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Viewpoint Steve Smith, Editor-in-Chief, December 15, 2006 TWICE Is Getting With The Times
Welcome to TWICE’s newly designed Web site. If you were able to find your way i... More
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BY THE NUMBERS
Majap Shipments Improving: AHAM
Washington — Factory shipments of major appliances continued their sequential improvement in September, suggesting that...
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