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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
Fujifilm announces first quarter financials, imaging segment sales strong Earnings reports News 

Fujifilm announces first quarter financials, imaging segment sales strong

GaryPageau
FUJIFILM Holdings Corp. announced, in the first three months of the fiscal year ending March 2025, revenue increased by 13.4% year-over-year to JPY749.0 billion, mainly due to strong sales in the Electronics, Imaging, and Medical Systems businesses, and the favorable impact of exchange rates. Operating income also benefited from the revenue growth and exchange rate impact, amounting to JPY62.2 billion,... Read More
Snap Inc. grows second-quarter revenue 16%, reduces quarterly loss Earnings reports News 

Snap Inc. grows second-quarter revenue 16%, reduces quarterly loss

GaryPageau
Snap Inc. announced financial results for the quarter ended June 30, 2024. Sales revenue increased 16% to $1.23 billion, with the net loss improving to $249 million, compared to $377 million last year. “Our community grew to reach more than 850 million monthly active users in Q2, with more than 11 million Snapchat+ subscribers,” said Evan Spiegel, CEO. “We continued... Read More
Claranova shows steady 2023-24 revenue at €496 million Earnings reports 

Claranova shows steady 2023-24 revenue at €496 million

GaryPageau
PlanetArt parent Claranova reported steady revenue while undergoing large-scale management changes. The company is also facing a lawsuit from its former CEO. Total revenue for the prior 12 months was €496 million, down 2% from €507 million. “Claranova registered a marginal increase in revenue on a like-for-like basis for FY 2023-2024, ” said Eric Gareau, CEO. “These results are testimony... Read More
CE Brands reports lower 2024 revenue, due to termination of Kodak license agreement Earnings reports 

CE Brands reports lower 2024 revenue, due to termination of Kodak license agreement

GaryPageau
Canadian consumer-electronics distributor CE Brands Inc. reported lower annual 2024 sales for the year ending March 31, citing a significant drop due to the termination of their Kodak license agreement and lower B2C sales. The company did, however, register an improvement in gross profit and a substantial reduction in net loss. Revenue decreased by $840,000, reflecting a 62% drop in... Read More
Xerox reports second quarter revenue down 10 percent but income up Earnings reports News 

Xerox reports second quarter revenue down 10 percent but income up

GaryPageau
Xerox Corp. reported second-quarter revenue of $1.58 billion, down 10 percent, and GAAP net income of $18 million, up $79 million from the same period last year. “The comprehensive and strategic operating model changes implemented in Q1 caused a short period of disruption but are delivering the intended improvements in financial results. Adjusted operating income margin, free cash flow and... Read More
Perfect Corp. revenues up on AI- and AR-cloud solution growth Earnings reports 

Perfect Corp. revenues up on AI- and AR-cloud solution growth

GaryPageau
AR/AI software company for the beauty and fashion industries Perfect Corp. announced total revenue was $13.9 million for the three months ended June 30, 2024, compared to $12.7 million in the same period of 2023, an increase of 9.6%. The increase was primarily due to growth momentum in the revenue of AI- and AR-cloud solutions and mobile app subscriptions, the company... Read More
ME Group reports interim six month results; sales up 6% Earnings reports 

ME Group reports interim six month results; sales up 6%

GaryPageau
ME Group International plc, the instant-service equipment group formerly known as Photo Me International,  announces its results for the six months ended 30 April 2024. The company reported revenue up 4.6% to £150.4 million, EBITDA1 up 11.1% to £51.2 million, and profit before tax up 10.3% to £30.0 million, driven by growth in core laundry and photobooth operations, despite foreign... Read More