Struggling Nintendo sells 3 million Wii U consoles, lowers forecasts again

wiiu copy

Nintendo’s quarterly numbers are out and the company managed to sell 3.06 million Wii U consoles worldwide during the holiday quarter, following the launch of the new console in November. Combined sales of the Wii and Wii U were about 5.3 million units in the quarter — together coming up short of Microsoft’s Xbox 360,… Read More…

Shares of F5 jump as profits rise

f5

F5 Networks, the Seattle maker of networking equipment and software, today posted a revenue increase of 13 percent for its fiscal first quarter as profits also rose. The company tabulated $365.5 million in revenue, up from $322.4 million for the same period last year. Net income increased to $69.5 million, up from $66.5 million. Shares… Read More…

T-Mobile USA posts mixed results, big MetroPCS charge

tmobile

T-Mobile USA was able to add a net total of 160,000 customers in the third quarter, growing to 33.3 million customers in all, but the gain came largely from prepaid mobile phone users, and the company continued to experience a decline in the number of customers on long-term contracts. The Bellevue-based company, part of Deutsche… Read More…

RealNetworks posts $22M loss on slumping sales: CEO Rob Glaser pledges to get back to profitability

Rob Glaser

Struggling RealNetworks posted a $22 million net loss for the third quarter, driven in part by $11 million in restructuring charges tied to employee severance costs as well as losses on excess office facilities and the transfer of contracts to Livewire Mobile. That compared to a $5.2 million net loss for the same period last… Read More…

Clearwire touts strong spectrum position as revenue falls

clearwire22

It’s a time of transition in the wireless industry, and Clearwire remains a pawn in the ongoing battle as Sprint, Verizon, AT&T and T-Mobile look to bolster their networks. Today, Clearwire offered a few clues of where it is at, posting revenues of $313 million during the third quarter. That was down from $316 million… Read More…

Amazon posts $274 million quarterly loss, weighed down by LivingSocial

amazonsignage2

Amazon.com’s third quarter financial results are out and it’s not looking good for the Seattle retailer. The company said net sales rose 27 percent to $13.81 billion in the third quarter. However, Amazon posted a net loss of $274 million, or a loss of 60 cents per share. That compared to analyst expectations of a… Read More…

Shares of Concur fall despite revenues increasing 26%

concur

Shares of Concur are down more than five percent in trading today despite the fact that the company beat its expectations for revenue, cash flow and other financial metrics during its fiscal third quarter. “Our core business continues to perform ahead of our expectations across all geographies and channels,” said CEO Steve Singh in a statement…. Read More…

Cray boosts revenues as it awaits word on $150M order

cray

Supercomputer maker Cray Inc. today reported net income of $147.4 million on revenue of $84.2 million, a “strong quarter” in the words of CEO Peter Ungaro. The boost in net income came in part through a $139.1 million gain tied to the company’s sale of its interconnect hardware development program to Intel Corporation. The company, whose… Read More…

As profits sink, Amazon plans big fulfillment center push but no ‘same-day delivery’

amazon-full

Amazon.com’s profits took a big hit during the second quarter, with net income tumbling 96 percent to just $7 million or one cent per share.  But don’t look for the Seattle company, which recently expanded into a new headquarters in Seattle’s South Lake Union neighborhood and plans to push ahead with an even more ambitious… Read More…