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CEWE reports increase in nine-month earnings, 2024 targets confirmed Earnings reports News 

CEWE reports increase in nine-month earnings, 2024 targets confirmed

GaryPageau , 0 comment
CEWE Stiftung & Co. KGaA enters the all-important Christmas quarter with an increase in turnover and a lead in earnings. The company confirmed its annual targets for 2024: in the first nine months, CEWE increased group turnover by +6.3 % to 481.6 million euros (Q1-3 2023: 453.2 million euros) and at the same time improved group EBIT by +3.2 million... Read More
GoPro third-quarter revenue drops 12% to $259 million Earnings reports 

GoPro third-quarter revenue drops 12% to $259 million

GaryPageau 0 comment
GoPro, Inc. announced financial results for its third quarter ended Sept.30, 2024. The company had third-quarter revenue of $259 million, down 12% over last year, but subscription and services revenue – spurred by a 2% increase to 2.56 million GoPro subscribers – grew 11% to $27.5 million. “In Q3, revenue of $259 million exceeded the midpoint of our guidance, and... Read More
Kodak reports level third-quarter results, but will be investing more in film production Earnings reports 

Kodak reports level third-quarter results, but will be investing more in film production

GaryPageau , 0 comment
Eastman Kodak Co. reported third-quarter financial results, including consolidated revenues of $261 million, compared with $269 million for Q3 2023, a decrease of $8 million or 3 percent. Kodak reported gross profit of $45 million, compared with $50 million for Q3 2023, a decrease of $5 million or 10 percent.  GAAP net income of $18 million, compared with net income... Read More
Strong Imaging Business results bolster Fujifilm’s second-quarter results Earnings reports 

Strong Imaging Business results bolster Fujifilm’s second-quarter results

GaryPageau ,
  FUJIFILM Holdings Corp. reported second-quarter net income attributable to shareholders of 49.6 billion Japanese yen, down 16.2 percent from last year’s 59.1 billion yen, due to an increase in non-operating expenses. Operating income, however, edged up 0.1 percent to 73.4 billion yen from 73.3 billion yen a year ago. Revenue for the quarter grew 5.2 percent to 765.7 billion... Read More
Xerox reports revenue down 7.5 percent in third quarter Earnings reports News 

Xerox reports revenue down 7.5 percent in third quarter

GaryPageau
Xerox Holdings Corp. announced third-quarter revenue of $1.53 billion, down 7.5 percent, or 7.3 percent in constant currency. GAAP net (loss) of $(1.2) billion, or $(9.71) per share, a decrease of $1.3 billion or $9.99 per share, year-over-year, respectively. Xerox also reported adjusted net income of $34 million, down $43 million, year-over-year, respectively. “Q3 results demonstrate no single quarter or... Read More
Apple reports fourth quarter services revenue reaches new all-time high Earnings reports 

Apple reports fourth quarter services revenue reaches new all-time high

GaryPageau
Apple Inc. announced financial results for its fiscal 2024 fourth quarter ended Sept.28, 2024. The company posted quarterly revenue of $94.9 billion, up 6 percent year over year, and quarterly diluted earnings per share of $0.97. Diluted earnings per share was $1.64, up 12 percent year over year when excluding the one-time charge recognized during the fourth quarter of 2024... Read More
Cimpress reports fiscal first-quarter loss despite sales increase Earnings reports News 

Cimpress reports fiscal first-quarter loss despite sales increase

GaryPageau
Vista parent Cimpress plc increased sales by 6% on an annual basis to $804.97 million during the first quarter but showed a loss of about $12.55 million during the three-month period. The company said the bottom-line decrease was a result of factors that included increases in advertising spending and product mix shifts that reduced gross margin in the Vista division,... Read More
Claranova embarks on “One Claranova” strategy to boost growth Earnings reports 

Claranova embarks on “One Claranova” strategy to boost growth

GaryPageau ,
PlanetArt parent Claranova announced its new strategic roadmap to enter a new era of profitable growth called “One Claranova.” The strategy “marks a decisive step towards an integrated group focused on operational excellence and profitability. By optimizing its assets, leveraging its international scale, fostering innovation and data, Claranova will strengthen its leadership by focusing on its core activities to create... Read More
Perfect Corp. reports third-quarter revenue up 10.8%, net income dips Earnings reports News 

Perfect Corp. reports third-quarter revenue up 10.8%, net income dips

GaryPageau
AI/AR SaaS company Perfect Corp. announced its unaudited financial results for the three months ended Sept.30, 2024 and the nine months ended Sept. 30, 2024. Highlights: Total revenue was $16.1 million for the three months ended Sept. 30, 2024, compared to $14.5 million in the same period of 2023, an increase of 10.8%. The increase was primarily due to growth... Read More
Snap improves third-quarter revenue by 15% Earnings reports News 

Snap improves third-quarter revenue by 15%

GaryPageau
Snap Inc. reported third-quarter revenue was up 15% year-over-year to $1.373 billion, while the next loss improved more than 50% to $153 million. “I’m proud of the team’s progress this quarter, delivering strong community growth and deepening engagement while driving improved financial performance,” said Evan Spiegel, CEO. “Our investments in AI and AR are powering new creative experiences for our... Read More
Profoto reports nine-month sales decreased 9% Earnings reports News 

Profoto reports nine-month sales decreased 9%

GaryPageau
Swedish lighting company Profoto Holdings reported, for the Jan. 1–Sept. 30, 2024, period, that net sales totaled SEK 530m (583), a decrease of 9.0 percent. Organic growth totaled -7.7 percent, and the currency effect, -1.3 percent. Adjusted EBIT amounted to SEK 101m, compared to SEK 153 last year, and adjusted EBIT margin to 19.0 percent, compared to 26.3 percent. For... Read More
Apogee Enterprises reports second quarter net sales decrease 3.2% to $342 million Earnings reports News 

Apogee Enterprises reports second quarter net sales decrease 3.2% to $342 million

GaryPageau , ,
Apogee Enterprises, Inc. reported its results for the second quarter of fiscal 2025. The results don’t include the results for UW Solutions, which the company recently acquired. “Our team achieved another strong quarter of profitability, delivering improved operating margins, adjusted EPS growth, and increased operating cash flow, despite volume pressure,” said Ty R. Silberhorn, CEO. “This quarter’s results continue to... Read More
Best Buy reports second quarter sales decline 2.3% Earnings reports 

Best Buy reports second quarter sales decline 2.3%

GaryPageau
Best Buy Co., Inc. announced results for the 13-week second quarter ended Aug. 3, 2024 as compared to the 13-week second quarter ended July 29, 2023. Comparable sales declined 2.3% to Q2 FY25 Q2 FY24 Revenue ($ in millions) Enterprise $9,288 $9,583 Domestic segment $8,623 $8,890 International segment $665 $693 Enterprise comparable sales % change1 (2.3)% (6.2)% Domestic comparable sales... Read More
HP reports third-quarter net revenue up 2%, but print revenue was down 3% Earnings reports 

HP reports third-quarter net revenue up 2%, but print revenue was down 3%

GaryPageau
HP Inc. and its subsidiaries announced fiscal 2024 third-quarter net revenue of $13.5 billion, up 2% (up 3% in constant currency) from the prior-year period. “We are pleased with our return to revenue growth and proud of the innovations delivered in the quarter, including the launch of our next-generation AI PC lineup” said Enrique Lores, President and CEO, HP Inc.... Read More
Smartphoto reports flat sales for the first half of 2024 Earnings reports News 

Smartphoto reports flat sales for the first half of 2024

GaryPageau
Smartphoto group, the innovative e-commerce group based in Belgium, reported revenue over the first 6 months of 2024 decreased slightly by 0.8%, and evolved from 30,031K euro last year to 29,780K euro as of June 30, 2024. Smartphoto experienced a decline in revenue (-2.5%) due to the decreasing popularity of Communion, while naYan recorded a revenue increase driven by new... Read More