Marchex rings up revenues on call advertising growth

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Marchex placed a significant bet two years ago that the phone call wasn’t dead. Now, the Seattle online advertising company is experiencing growth in that business, reporting today that revenues increased to $39.9 million during the third quarter, up from $24.2 million for the same period last year. Net income was $1.2 million, which compared… Read More…

Cray cites supplier challenges, but expects profits in 2011

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Citing key supplier parts challenges, supercomputer maker Cray Inc. said that revenues fells during the third quarter to $36.7 million. The Seattle company trimmed its net loss to $12.2 million, or 35 cents per share. Revenue for the first nine months of the year was $144 million, up from $100 million for the same period… Read More…

Redbox raises DVD rental prices by 20 cents

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Redbox is raising prices on DVD rentals from $1 to $1.20 due to higher operating costs associated with debit card fees. It marks the first time in eight years that the unit of Bellevue-based Coinstar has increased daily DVD rental prices. “The amount was selected to best offset expenses, while keeping our value commitment to… Read More…

Shares of Expedia slip after weakness in airfare bookings

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Shares of Expedia fell more than five percent in after hours trading Thursday after the Bellevue-based online travel company posted earnings that disappointed Wall Street. The company boosted revenue by 15 percent and net income by 19 percent, but shares still fell. Revenue for the third quarter was $1.1 billion, up from $987 million during… Read More…

Meet Seattle’s new $1 billion revenue company: Here’s how F5 did it (Infographic)

Source: McAdams Wright Ragen

F5 Networks doesn’t get a lot of press. But the Seattle company, which makes software and hardware products to speed up the delivery of applications over the Internet, continues to bolster revenues and profits. On Tuesday, the company reported that it had topped more than $1 billion in revenue for the 2011 fiscal year, a… Read More…

Amazon misses earnings expectations, making ‘millions more’ Kindle Fires than planned

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Amazon just reported profits of $63 million for the third quarter, down 73 percent. The profit of 14 cents a share was significantly below Wall Street’s estimates, sending the company’s shares tumbling in after-hours trading. In the earnings news release, CEO Jeff Bezos said Amazon has seen strong demand for the company’s new Kindles and… Read More…

Apple misses analysts’ estimates as iPhone sales fall short

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Updated with details from the company’s conference call. Apple this afternoon reported a 54 percent increase in quarterly profits, to $6.62 billion, but that was less than Wall Street was expecting, and the company’s shares are taking a beating in after-hours trading. The unlikely culprit appears to be the iPhone, which sold at slower pace than… Read More…

Microsoft boosts dividend 25% as cash, investments top $50B

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Microsoft today announced plans to boost its quarterly dividend to 20 cents, a 25 percent increase, returning to shareholders a larger piece of the company’s still-growing cash pile. For all the hand-wringing that goes on about Microsoft’s future these days, its balance of cash and short-term investments finished the recent fiscal year at $52.8 billion,… Read More…

Housing woes don’t slow down Zillow: Company plans to boost hiring as traffic hits record levels

Spencer Rascoff

It is a good thing Zillow is moving to a new downtown Seattle office space this month. The 264-person company disclosed today in its first conference call as a publicly-traded company that it just opened 40 new positions, including jobs for software engineers and sales professionals. One might imagine that the troubles in the overall… Read More…

Zillow hits profitability, posts 116% revenue gain in first earnings report as a public company

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Well, we had a pretty good feeling that Zillow might post its first quarterly profit (at least on a net income basis) today. And the Seattle online real estate company didn’t disappoint, reporting in its first financial report as a publicly-traded company net income of $1.6 million. That compared to a net loss of $2… Read More…

Tech Earnings Roundup: Blue Nile, Bsquare, Market Leader, Marchex

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Marchex, the Seattle call advertising company, reported net income of $80,000 and revenues of $38.8 million for the second quarter. That compared to a net loss of $3.2 million and revenue of $21.4 million for the same period last year. Marchex CEO Russ Horowitz noted that the performance indicates that its bet on “Digital Call… Read More…

Expedia’s mobile app downloads soar as revenue tops $1 billion

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Shares of Expedia gained seven percent today in after hours trading following news that the company posted a 23 percent increase in second quarter revenue to just over $1 billion. Net income also rose 23 percent to $140 million. The Bellevue online travel company also released some new metrics related to its mobile and daily… Read More…

InfoSpace posts revenue of $54M, continues to eye acquisitions

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InfoSpace today reported a net loss of $3.9 million on revenue of $54.3 million. The Bellevue Internet search company posted earnings per share of 10 cents, which was in line with analysts’ expectations. The net loss included a $7.7 million charge related to the sale of the company’s e-commerce business, Mercantila. InfoSpace, whose CFO David… Read More…

Microsoft posts strong profits even as Windows revenue slumps

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Microsoft built its franchise on Windows. But other areas of the company are fueling some of the growth. The software giant today reported that fourth quarter revenue grew eight percent to $17.37 billion, largely on the strength of products like Xbox, Office and SQL Server. The Windows division, meanwhile, actually saw revenue decline by one… Read More…

Shares of F5 stumble after earnings report disappoints Wall Street

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Shares of F5 Networks fell more than seven percent in after hours trading today following a disappointing fiscal third quarter earnings report. The Seattle company, which makes hardware and software to speed up the delivery of applications on the Internet, posted net income of $62.5 million on revenue of $290.7 million. That compared to net… Read More…

Apple shares surge five percent after huge quarter: Company more than doubles profit, sells 20M iPhones

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Shares of Apple jumped more than five percent in after-hours trading today after the maker of the iPhone and iPad reported a blockbuster quarter which once-again established its dominance as the most valuable technology company. Apple’s net profit more than doubled to $7.31 billion as the company sold 20.3 million iPhones, a 142 percent increase over… Read More…

Shares of Blue Nile fall after earnings report

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Seattle online jewelry retailer Blue Nile today announced first quarter results, posting net income of $2.4 million on revenue of $80.2 million. The company’s international sales drove a lot of the growth, up 34 percent to $12.9 million. “We remain focused on our key objective of building our business in the U.S. and internationally by… Read More…

Clearwire’s Q1, by the numbers: Record revenue, larger loss

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It has been an eventful few months for Clearwire, the Kirkland-based mobile broadband company — from the ouster of its CEO to the resolution of a pricing dispute with Sprint, its majority owner. In the same way, the company’s first-quarter earnings today were a mixed bag, with higher revenues and record subscribers but a wider… Read More…

Profits fall at Expedia as online travel giant invests in technology

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Amazon.com isn’t the only big tech company that’s decided to cut into profits in order to invest in technology.  Expedia, the giant Bellevue online travel agency, said today that its operating income slumped nine percent during the first quarter as it invested in “next generation technology” and international operations. Like Amazon.com, Expedia’s revenues continued to… Read More…