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Articles Tagged:

profits

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Alphabet's 2018 financial results show 23% increase in revenue and strong profits

Google's parent company Alphabet has reported positive financial results for 2018, although stocks in the company still fell 3% in after-hours trading. An operating margin 3% lower than the 24% posted in Q4 2017 and higher expenditure are considered to be reasons for the drop-off, but Alphabet remains profitable.

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LG's mobile division continues to struggle amid otherwise strong 2018 financial results

It's time for full-year 2018 financial results. Samsung has already posted numbers showing less than stellar profits for its mobile division, and now its the turn of South Korea's other tech giant, LG. The story is pretty much unchanged since Q3 results came out — the company is profitable overall, but its mobile division persists in underachieving.

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Samsung and LG warn of profit decline in fourth quarter as smartphone market stagnates

Turns out Apple is not the only company expecting to disappoint investors with its next set of quarterly results — Samsung and LG are in the same boat. Whether or not it's for precisely the same reasons is unclear, but it seems a plateauing smartphone market is at least partially to blame for all three companies' guidance misses. 

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Xiaomi's Q2 2018 financial results show international revenue up 151.7% year over year

Xiaomi has published its financial results for the second quarter of 2018. Turns out, as you'd expect from a company that recently became more valuable than LG, things are going pretty well for the Chinese manufacturer.

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Samsung's Q2 2018 financial results show lower profits following 'soft' Galaxy S9 sales

Samsung has posted its financial results for the second quarter of 2018. Following two glowing quarters, Q2 2018 was relatively cool, with sales and profits falling compared to both last quarter and Q2 2017. The Korean electronics manufacturer said that "softer sales" of both the Galaxy S9 line and display panels were largely to blame.

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'Skinny bundle' streaming services like YouTube TV are struggling to turn profits

Internet-based cable alternatives like Sling and YouTube TV are having a hard time figuring out how to make the model profitable, according to a report from The Information. Sources say YouTube TV is paying networks a total of about $49 per month for each subscriber to its basic package — which the company charges $40 a month for.

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Samsung posts Q1 2018 financial results, tops expectations with record profits

It's that time of the... quarter. 2018 Q1 financial reports are being published by most of the big tech names, and Samsung is likely pretty pleased with its performance so far this year. It isn't quite as high as the impressive 2017 Q4 results it previously posted, but it's sitting pretty with a total of KRW 60.56 trillion ($56 billion) in revenue, with KRW 15.64 trillion ($14.51 billion) in operating profit. That's a revenue increase of 20% and an operating profit increase of over 50% compared to Q1 2017, beating expectations. 

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Samsung posts best ever financial results in 2017, with profits of $50 billion

South Korean electronics giant Samsung has revealed record-high sales figures for last year, with a total operating profit of $50 billion (KRW 53.65 trillion). The company released its Q4 results today, alongside numbers for the whole of 2017. In the last three months of the year, Samsung amassed $61.54 billion (KRW 65.98 trillion) in consolidated revenue, which amounted to $14.13 billion (KRW 15.15 trillion) in operating profit.

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Samsung expects highest quarterly earnings ever for Q2 2017

The last year has been rocky for Samsung with the recall of the Galaxy Note 7 and various legal woes in its native South Korea. And yet, the company has issued Q2 earnings guidance today that points to its highest profits ever. So, I guess people aren't holding any grudges after the Note 7 thing.

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Samsung estimates it'll lose around $3.1 billion in the next two quarters because of the Galaxy Note7

The Galaxy Note7 has been an absolute disaster for Samsung; although it was an excellent smartphone, its tendency to catch fire pretty much negates all of the praise that was heaped onto it. Case in point: Samsung's now estimating that the Note7's recalls and subsequent cancellation will cost them about $3.1 billion over the next two fiscal quarters.

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