Category: Earnings reports – Page 13 – The Dead Pixels Society

Best Buy reports strong third-quarter results

November 25, 2020November 25, 2020 GaryPageau Best Buy

Best Buy Co., Inc. announced third-quarter results showed comparable stores sales were up 23%, compared to the 13-week third quarter ended Nov. 2, 2019. Best Buy’s domestic revenue of $10.85 billion increased 21.0% versus last year., driven by comparable sales growth of 22.6%, which was partially offset by the loss of revenue from permanent store closures in the past year.... Read More

Earnings reports

HP reports 2020 net revenue down 3.6%

November 25, 2020November 25, 2020 GaryPageau HP

HP Inc. announced fiscal 2020 net revenue of $56.6 billion, down 3.6% (down 2.3% in constant currency) from the prior-year period. In the printing segment, net revenue was $4.8 billion, down 3% year over year (down 2% in constant currency) with a 14.8% operating margin. Total hardware units were up 14% with Consumer hardware units up 18% and Commercial hardware units... Read More

Earnings reports

Claranova reports first-quarter growth up 19%

November 16, 2020November 23, 2020 GaryPageau CafePress, Claranova, FreePrints, PlanetArt

Paris-based Claranova reported €90 million in revenue for the July-September 2020 quarter, up 19% (excluding Personal Creations and CafePress), maintaining strong growth momentum despite the continuing difficult economic and health conditions, the company said. Growth in Q1 2020-2021 included a negative currency effect of 4% reflecting the euro’s appreciation relative to currencies in North America where the Group has a... Read More

Earnings reports

CEWE reports modest earnings improvement

November 12, 2020November 14, 2020 GaryPageau CeWe

CEWE Stiftung & Co. KGaA reported a 3.3% sales decline to 413.3 million euros, compared to 427.2 million euros, for the first three quarters of 2020. The EBIT improved by 1.4 million euros to -0.6 million euros, compared to -2.0 million euros. “Just like the economy in general, we are naturally also feeling the impact of the coronavirus pandemic,” says... Read More

Earnings reports

GoPro doubles third-quarter revenue

November 5, 2020November 6, 2020 GaryPageau GoPro

GoPro reports third-quarter 2020 revenue was $281 million, a 109% sequential improvement from $134 million, driven by the HERO9 and a boost in GoPro subscriptions. Net income dropped to $3 million, however, from $31 million last year. “Thanks to consistent momentum throughout the quarter and the strong launch of HERO9 Black coupled with our GoPro subscription service, in Q3 GoPro achieved... Read More

Earnings reports

Xerox reports 19 percent drop in third-quarter revenue

October 2, 2020October 28, 2020 GaryPageau Xerox

Xerox Holdings Corp. announced its third-quarter 2020 revenue of $1.77 billion, down 18.9 percent year-over-year or 19.7 percent in constant currency and up $302 million from the second quarter. Operating cash flow from continuing operations was $106 million, down $242 million year-over-year and up $72 million from the second quarter. “The flexibility and financial discipline we have built in our... Read More

Earnings reports

PlanetArt sees fiscal 2020 revenues climb 78%

October 1, 2020October 3, 2020 GaryPageau CafePress, CaffePress, CanvasWorld, FreePrints, Personal Creations, Photo Affections, PlanetArt, SimplytoImpress

Claranova, the parent company of PlanetArt, closed fiscal 2020 with record growth. The group cleared the €400 million revenue bar (€409 million), progressing 56%, of which organic growth of 20%, the company said. Claranova’s three-year average annual growth rate is 46% and the group has enjoyed 14 consecutive quarters of growth. This strong growth was achieved while preserving operating profitability... Read More

Earnings reports

Kodak reports second-quarter 2020 loss

August 11, 2020August 13, 2020 GaryPageau Eastman Kodak Co.

Eastman Kodak Co. reported second-quarter 2020 revenues of $213 million and a net loss of $5 million. “Kodak continued to navigate the challenges posed by the pandemic during the second quarter,” said Jim Continenza, Kodak’s Executive Chairman. “Although the print industry slowdown impacted our performance, we continued to serve our customers and furthered our long history of innovation through the... Read More

Earnings reports

GoPro announces second-quarter revenues up 12%

August 7, 2020August 12, 2020 GaryPageau GoPro

GoPro, Inc. announced financial results for its second quarter ended June 30, with revenue up 12% of $134 million. Sales from GoPro.com grew to 44%. The company sold 750,000 units. Our strategic shift to a more direct-to-consumer business with lower operating costs is working,” said Nicholas Woodman, GoPro founder and CEO. “Camera sell-through during Q2 demonstrates resilient consumer demand for GoPro and an increasing... Read More

Earnings reports Events People on the Move

Industry Notes for the week of Aug. 1

August 3, 2020August 4, 2020 GaryPageau

Retail news Best Buy to be closed on Thanksgiving Best Buy announced all retail locations will be closed Thanksgiving Day, joining a growing number of retailers who are doing the same. 5 ways retailers can embrace the new consumer mentality during Covid-19 Bob Phibbs, the Retail Doc, offers solid advice: “Economic pressures of Covid-19 are accelerating the rightsizing of America’s... Read More

Earnings reports

Apple reports third-quarter revenue up 11 percent

July 30, 2020August 3, 2020 GaryPageau Apple Inc.

Apple Inc. posted quarterly revenue of $59.7 billion in the third quarter, an increase of 11 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.58, up 18 percent. International sales accounted for 60 percent of the quarter’s revenue. “Apple’s record June quarter was driven by double-digit growth in both Products and Services and growth in each... Read More

Earnings reports News

Xerox reports second-quarter revenue drops 35.3 percent

July 28, 2020August 3, 2020 GaryPageau Xerox

Xerox Holdings Corp. reported second-quarter revenue of $1.47 billion, a decrease of 35.3 percent year-over-year. The company also reported $34 million of operating cash flow from continuing operations, down $242 million year-over-year, and $15 million of free cash flow, down $245 million year-over-year. “I am proud of our employees who did what was necessary during this unprecedented disruption to support our business... Read More

Earnings reports News People on the Move Updates

Industry Notes for the week of July 25

July 27, 2020July 27, 2020 GaryPageau Adobe, Snap

Pro Photography Bay Photo Lab announces “Epic Prints” Bay Photo Lab has launched “Epic Prints”, made from Fujiflex silver-halide photographic paper with up to 610dpi resolution. They are mounted to aluminum for a sleek, thin profile from sizes from 4×4″ to 45×93″. 10,000 Headshots featured on “Today Show” The 10,000 Headshots project, featured on the Dead Pixels Society podcast, was featured... Read More

Earnings reports

Snap announces second-quarter sales increase 17%

July 21, 2020July 24, 2020 GaryPageau Snap

Snap Inc. reported revenue increased 17% to $454 million in Q2 2020, compared to the prior year, financial results for the quarter ended June 30, 2020. The net loss increased to $(326) million in Q2 2020, compared to $(255) million in the prior year. Operating cash flow improved by $29 million to $(67) million in Q2 2020, compared to the... Read More

Earnings reports News

United Imaging Group buys company building in Fürth

July 20, 2020July 25, 2020 GaryPageau UIG, United Imaging Group

After 20 years of occupancy, European photo buying group United Imaging Group has purchased the building it has occupied after the long-term lease expired. “Despite the Corona crisis, the company’s solid financial situation enabled this investment to be made without borrowing,” says Michael Gleich, managing director. “This investment underscores the future viability and long-term orientation of the United Imaging Group.”... Read More