Texas Instruments has announced that it will axe 3,400 employees, as the company continues to battle falling profits as it’s fourth quarter profit saw a massive reduction, sinking by 95 percent, to $51 million, from $996 million in Q4 2007.
Topic: Reporting Season
Google sales, earnings beat forecasts
Google, the leader of web search advertising, has posted strong Q4 2008 earnings today, beating forecasts made by Wall Street analysts, even though of the weak economy in the United States and the global slowdown in other countries.
Microsoft posts disappointing results, axe 5,000 jobs
Microsoft has announced that it will axe 5,000 jobs, or 5 percent of its workforce, after posting revenue of $16.63 billion, or $0.47 per share. It also announced that it will cease giving forecasts for its earnings for the rest of the year due to the current economic climate.
Nokia profits fell 69 percent, predicts industry to fall 10 percent in 2009
Nokia, the number one mobile handset maker, has said that its operating profits fell 69 percent during Q4 of 2008, according to the Associated Press, and has painted a bleak picture for the mobile devices industry by saying that it expects it to fall.
Apple’s earnings soar past expectations
Apple has said that its first-quarter earnings for this financial year were significantly higher than what analysts have said after a disappointing holiday season for many tech companies because of the economy, recording $10.2 billion in revenue, up from its last year’s result of $9.6 billion. For shareholders, this equals $1.78 per share in earnings, higher than the analysts predicted price of $1.39.
Intel Q4 2008 earnings fall as PC sales go down
Intel has said that its earnings had fell below what they made last year, however, they managed to meet the Wall Street forecasts, even though a massive writedown and PC sales crippling the demand for microprocessors were some of the causes.
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