Earnings

Sina: Citi Downgrades; Sees Growth Slowdown In ‘09 — Citigroup’s Jason Brueschke today cut his rating on Sina (SINA) to Hold from Buy, slicing his target on the stock to $30, from $40, to bring his stance in line with “our broader negative 2009 sector outlook for the advertising market.” “Failing corporate profitability and consumer sentiment, not simply headline GDP growth, are keys to advertising spend in 2009,” he writes. Brueschke says Q4 will likely be strong for the China-based Web portal, but that the first half of 2009, and especially Q1, will be a challenge, with advertisers delaying commitments, making shorter commitments, and making smaller commitments, increasing earnings... [Tags: advertisers, china, citigroup, commitments, consumer sentiment]

Stable Stocks for Uncertain Times — Tom Rozycki, portfolio manager for the Principal MidCap Blend fund, says the key to overcoming the market's madness is finding stable stocks with steady earnings streams. His top picks include Iron Mountain, Covanta and LabCorp.... [Tags: covanta, earnings, iron mountain, labcorp, madness]

What are the Myths of Marketing? — This is The Net Fool’s submission for the HP Magic Giveaway. Feel free to leave comments for this article as you see fit - your feedback is certainly welcomed! If you’d like to submit your own how-to, what-is, or top-five list, you can send it to me. Views and opinions of this writer are not necessarily my own: There are certain misunderstandings about the internet marketing world that I feel you should all be aware of. Setting itself up as kind of an “elitist” group of people, internet marketers are the ones making thousands off of websites, products and other... [Tags: barriers to entry, bearings, bottom line, earnings, elitist group]

Need an Excuse to Vamoose? Fake Calls To The Rescue! — "Have you ever," asks app developers Magic Tap, "been in the situation where you need the perfect excuse to get out of the room or step out of an annoying conversation? Easy: Open FakeCalls and within seconds or minutes the application will simulate a fake call. (No real calls are made; this is just simulation. Good news is: you are the only one who knows that!). Then answer the call, decline it or just let the phone ring to fake a missed call." The following YouTube video demonstrates further: And if you should feel guilty about using your poor... [Tags: charity, decline, developers, earnings, face time]

IAC Dissolving Programming Group; Lehman Leaving, Jackson Taking New Role; Which Sites Are in Play? — paidContent.org has learned that IAC (NSDQ: IACI) is dissolving its programming group as part of its post-spin reorganization. As a result, Nick Lehman, COO of programming, has to decided to leave. Michael Jackson, the president of programming who also worked with Barry Diller at USA Networks and Universal Television Group, will stay on in a new role. Lehman confirmed his move but declined comment on the reasons and referred to IAC public relations for details. As we pointed out in some detail recently, Diller said in the Q308 earnings call that IAC would shed some of its emerging businesses and... [Tags: barry diller, beast, coo, earnings, huffington post]

Adobe to Eliminate 600 Jobs Worldwide — Adobe on Wednesday announced plans to cut approximately 600 full-time jobs in response to less-than-anticipated earnings for...... [Tags: adobe, earnings, full time, time jobs]

Google to Curb Expenses as Wall Street Cuts Estimates on Google — Google CEO Eric Schmidt acknowledges Google is bracing for the recession, while Bank of America and Global Equities Research slash earnings expectations on the search engine giant. Despite enthusiasm over cloud computing and Web services, it's Google's search advertising that enables Google to break the bank, but to what strength? Financial experts expect that to be impacted given the current economic climate. - Many media pundits and bloggers put up stop signs over the Thanksgiving break last week about Google laying off workers after it was determined the layoffs were previously announced cuts of Google contractors. Yet despite a bang... [Tags: bank of america, ceo eric schmidt, earnings, economic climate, equities research]

RIM lowers third quarter outlook, touts Storm sales — RIM no doubt got a boost of confidence from AvianResearch's sales numbers a few days ago, but it looks to be a bit of a gloomier mood today, as it has been forced to slightly lower its third quarter profit and revenue outlook. Apparently, instead of the previously forecast revenue of $2.95 to $3.10 billion, RIM now says it's expecting to rake in just $2.75 to $2.78 billion, with its adjusted earnings now expected to be 0.81 to $0.83 per share, and not $0.89 to $0.97 per share, as previously forecast. According to RIM's Jim Balsillie, the company is laying... [Tags: additions, confidence, earnings, economic conditions, engadget]

Solid earnings to buoy Novell, Red Hat stocks? — The two software makers have been battered on Wall Street, and solid earnings are unlikely to change that, given recent irrational market moves.... [Tags: earnings, market moves, novell, red hat, software makers]

RIM’s Impact on Apple’s iPhone — Today TMO readers are talking about RIM’s earnings warning and what impact that may have on Apple and the iPhone.... [Tags: apple, earnings, iphone, rim, tmo]

RIM warns for the third quarter; Blames Bold, Storm slippage, weak Loonie — Research in Motion said its third quarter sales and earnings will be lower than expected primarily due to “shifts in product launch dates” and a weak economy. In a statement late Tuesday, RIM said that revenue for the third quarter will be $2.75 billion to $2.78 billion. The company had forecasted revenue of $2.95 billion to [...]... [Tags: earnings, economy, product launch, quarter sales, research in motion]

RIM misses earnings and subscriber targets — According to a press release issued last night, BlackBerry … [visit site to read more]... [Tags: blackberry, earnings, press release, rim, subscriber]

Research In Motion Cuts FY Q3 Revenue, Profit Outlook; Cites Currency, Macro Factors, Delayed Pdt Launches — The great cell phone slowdown has rolled right over Research In Motion (RIMM). The BlackBerry maker late Tuesday chopped its guidance for its fiscal third quarter ended November 29. The company now sees profits of $2.75 billion to $2.78 billion, down from previous guidance of $2.95 billion to $3.10 billion. The company said profits will be 81-83 cents a share, below its previous forecast of 89-97 cents a share. RIMM said a third of the reduced forecast reflects currency factors. The rest is due to “lower than estimated unit shipments of existing products,” which the company blames in general economic... [Tags: 6 million, cell phone, currency, customer response, earnings]

Stocks Edge Off Highs, Maintain Gains — Wall Street continues to trade with gains as traders weigh GE's tempered earnings guidance and as the Big Three automakers return to Congress.... [Tags: big three automakers, congress, earnings, guidance, stocks]

Skyworks stock tumbles after cut in 1Q forecast (AP) — AP - Shares of Skyworks Solutions Inc., which makes chips for cell phones and wireless networks, fell Tuesday after it cut its earnings and revenue forecasts for the current quarter, saying customer demand was declining broadly.... [Tags: cell phones, chips, customer demand, earnings, revenue forecasts]

U.S. Stocks Work Higher in Rebound Move — Stocks on Wall Street were up solidly after the previous session's steep decline and as traders weighed GE's lowered earnings and the Big Three automakers' return to Congress.... [Tags: big three automakers, congress, earnings, move stocks, rebound]

Video Search Monetization Works: Blinkx CEO Claims — Video search works, particularly around professionally-produced content.  Suranga Chandratillake CEO of  Blinkx, the London/San Francisco-based video search engine told TechCrunch's Erick Schonfeld in this segment from the Beet.TV Online Video Roundtable, that his company is serving ads on 80-90 percent of professionally produced content and on 10-20 percent on user generated content.  The ads are both display and in-stream. Here is Erick's report on the company's most recent earnings.  Revenue is rising substantially, he finds. While display adverising is down, video search is a growing and viable business, Suranga says. -- Andy Plesser, Executive Producer... [Tags: adverising, beet, blinkx, ceo, earnings]

Dividend Investors Beware — When a company's earnings are being compressed as is commonplace right now, it will likely reduce its dividend in order to maintain its financial health.... [Tags: dividend, earnings, financial health, investors]

Redstone Sells Midway Games For Pittance—And A Massive Tax Writeoff — Scrambling to restructure National Amusement's $1.6 million debt this month, Sumner Redstone has sold off the company's disastrous 87 percent stake in Midway Games for $100,000 in cash, assumption of debt—and a tax loss of $800 million, WSJ reported. Mark Thomas, described by the Journal as an investor without prior connections to Midway, is paying $100,000, or $0.0012 a share, for National Amusement's stake in Midway and assuming $70 million of senior secured and unsecured debt. Redstone will be able to use some of the loss as a write-off this year and possibly for refunds, but that alone won't solve... [Tags: 6 million, amp, assets, assumption, cbs]

NYC to Pay Back $800 Million in Business Taxes — Yet another reason to feel some gloom and doom about the city's budget: $804 million in business tax refunds! The NY Times reports that since companies overpaid their taxes (they estimate based on the previous year's earnings, which were much more flush than now), the city refunded a big chunk of money that's "three times the amount typically returned." The article also mentions: "The surge in refunds is already contributing to a new $285 million shortfall in the current year’s budget, thus making it imperative, city officials say, to cut programs and raise taxes even earlier than anticipated." Better buckle... [Tags: budget, business tax, chunk, city officials, earnings]