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Tag: Earnings

Nintendo’s Third-Quarter Net Profit Missed Analysts’ Estimates — Earnings Review
Entertainment

Nintendo’s Third-Quarter Net Profit Missed Analysts’ Estimates — Earnings Review

Published: Feb. 7, 2023 at 4:52 a.m. ET By Kosaku Narioka Nintendo Co. reported its third-quarter results Tuesday. Here's what you need to know. NET PROFIT: Nintendo said net profit fell 5.8% from a year earlier to Y346.23 billion ($2.61 billion) for the nine-month period ended Dec. 31. Third-quarter net profit was Y115.78 billion, given net profit of Y230.45 billion in the preceding... By Kosaku Narioka Nintendo Co. reported its third-quarter results Tuesday. Here's what you need to know. NET PROFIT: Nintendo said net profit fell 5.8% from a year earlier to Y346.23 billion ($2.61 billion) for the nine-month period ended Dec. 31. Third-quarter net profit was Y115.78 billion, given net profit of Y230.45 billion in the preceding six-month period, accord...
Ten Entertainment Sees Rise in 2022 Sales, Profit at Higher End of Views
Entertainment

Ten Entertainment Sees Rise in 2022 Sales, Profit at Higher End of Views

By Joe Hoppe Ten Entertainment Group PLC said Wednesday that it expects to report strong 2022 sales growth compared with both the prior year and prepandemic levels, and profit at the upper end of market views. The U.K. operator of family-entertainment centers said total sales growth for the year ended Jan. 1 rose 88% compared with 2021, and 51% compared with 2019, the nearest prepandemic figure. Last year, it reported total sales of 67.5 million pounds ($82 million). On a like-for-like basis, sales grew 5.5% on the prior year and 40% compared with prepandemic levels. The company expects profit to be at the upper end of market expectations, but didn't provide a figure. Last year, it swung to a profit of GBP4.4 million pounds from a pretax loss of GBP21.7 millio...
BofA’s Rick Sherlund predicts software comeback
Technology

BofA’s Rick Sherlund predicts software comeback

Bank of America top banker Rick Sherlund sees a major market shift ahead.According to Sherlund, optimism surrounding technology stocks will make a comeback this year — but the key is to weather the upcoming earnings season first."What we need to do is de-risk 2023 numbers," the firm's vice chair of technology investment banking told CNBC's "Fast Money" on Thursday. "When we go through fourth quarter earnings, I think companies will indicate a reduction in force. They'll talk about cutting back on go-to-market spending... This is all encouraging."Sherlund's expertise is software. He hit No. 1 on Institutional Investor's all-star analyst list 17 times in a row when he was an analyst.And, he's known for leading Goldman Sachs' technology research team through the 2000 dot-com bubble, a time...
KULR Technology Group Reports Record Third Quarter 2022
Technology

KULR Technology Group Reports Record Third Quarter 2022

SAN DIEGO, Nov. 09, 2022 (GLOBE NEWSWIRE) --  KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, today reported results for the third quarter ended September 30, 2022. Third Quarter 2022 Financial Results Revenues: In the third quarter ended September 30, 2022, revenue increased to $1.4 million from $0.6 million reported in the same period last year. The increase in revenue was primarily due to an increase in contract services and product sales revenues in the quarter. Cash: As of September 30, 2022, the Company had $16.2 million of cash compared to $14.9 million as of December 31, 2021. Gross Margins: Gross margin was 33% in the...
Amkor Technology: Q2 Earnings Snapshot
Technology

Amkor Technology: Q2 Earnings Snapshot

TEMPE, Ariz. (AP) _ Amkor Technology Inc. (AMKR) on Monday reported second-quarter profit of $124.8 million.The Tempe, Arizona-based company said it had profit of 51 cents per share.The chip packaging and test services provider posted revenue of $1.5 billion in the period.For the current quarter ending in October, Amkor Technology said it expects revenue in the range of $1.88 billion to $1.98 billion.Amkor Technology shares have dropped 17% since the beginning of the year. In the final minutes of trading on Monday, shares hit $20.51, a fall of 17% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMKR at https://www.zacks.com/ap/AMKR Source link