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Tencent Reports 43% Profit Increase in Third Quarter

17 Nov Tencent-624x389

On Wednesday, Tencent said profit in the July-September period increased 43% year-on-year to 10.65 billion yuan ($1.55 billion) from 7.44 billion yuan a year earlier, while revenue rose 52% to 40.39 billion yuan. (more…)

Why did Casetek Just Report Its Worst Quarterly Earnings Ever?

10 Nov macbook-pro-15-inch-2013-820x420-600x307

Casetek Holdings, a metal casing supplier for MacBooks and iPads, reported its lowest quarterly earnings period to date Tuesday as the company’s bottom line was slammed by the delayed launch of the new MacBook Pro. Casetek’s net profit fell 77.4% year-on-year and 15.8% on a quarterly basis to NT$366 million (US$11.62 million) in the third quarter. (more…)

Sharp Forecast to Move into the Black for the First Time in Three Years

4 Nov sharp-google-map-624x395

Sharp forecast to turn into the black for the first time in three years at the end of the 2016 fiscal year, according its earnings report on Nov. 1. (more…)

ASE Group Realized NT $1.79 EPS for First Three Quarters in 2016, Projected Decline in 4Q16

31 Oct ase-%e6%97%a5%e6%9c%88%e5%85%89%e5%8d%8a%e5%b0%8e%e9%ab%94-624x307

Taiwanese independent semiconductor assembling and test manufacturer ASE Group announced its Q316 earnings on October 27. According to the financial results, the company’s consolidated revenue income rose to NT $72.7 billion (US $2.29 billion), which represents an increase of 11% compared to the previous quarter, and growth of 13% year on year (YoY). The gross margin almost remained unchanged at 19.4%, which is very similar to that of 19.6% in 2Q16 but slightly higher than 3Q15’s 17.8%. (more…)

PTI to Reach EPS of NT$1.7 in Q3 Thanks to Resuming DRAM prices

28 Oct pti-624x416

Taiwanese semiconductor assembly, packaging and testing company Powertech Technology Inc. (PTI) announced its third quarter earnings on October 25. The earnings conference was hosted by Duh Kung Tsai, chairman of the Board and General Manager Chia Yu Hong. (more…)

Yahoo Q3 Earnings Beat Wall Street Estimates, in Wake of Imminent Merger with Verizon

21 Oct yahoo-bangalore-tp-featured-e1450166353105-768x384

By Anmol Sachdeva, The Tech Portal

Search giant Yahoo, who ‘might’ soon be owned by telecom giant Verizon, today reported its unexpectedly impressive third quarter earnings. The company managed to crush Wall Street estimates even after the confirmation of the massive 2015 hack, and it obliging a request from U.S intelligence officials to scan user e-mails without permission. But, does it really matter at this moment? (more…)

FIH Mobile Limited Warns of 52% Drop in Net Profit for 2016 Compared to 2015

4 Oct rtscsl6-624x416

According to the net profit warning released by FIH Mobile Limited, the subsidiary of Hon Hai Precision Industry Co. at Hong Kong Exchange and Clearing (HKEX) on October 3rd, it is expected that the amount of profit earned by the company in 2016 will be less than USD $110 Million (equivalent of NTD$ 3.445 Billion) (more…)

UMC and VIS Post Improved OEM Wafer Sales during Peak Season

14 Sep UMC-FAB8C-624x468

As the traditional peak season has arrived and the out-of-stock situation is coming to an end, a growing number of original equipment manufacturers have gradually increase their productivity. Apart from TSMC, whose revenues rose to a new high in August, the sales of manufacturers such as UMC and VIS surged as well, climbing up by 2% and 4% respectively. The two Taiwanese manufacturers’ sales are expected to continue growing in the months ahead. (more…)

HP Beats Analyst Expectations in Third Quarter, Reports $11.9 Billion Revenues with Stabilized PC Sales

26 Aug HP2-e1446488537933

By Vishal Srivastava, The Tech Portal

HP, the second-largest PC manufacturer after Lenovo, recently announced its third quarter earnings report. It reported a revenue of $11.9 billion and $783 million in earnings (48 cents a share). Although the numbers declined from the period last year but they managed to beat analyst estimates which had pegged revenues at $11.44 billion and an EPS of 44 cents. (more…)

Toshiba Out of the Red 6 Quarters After Accounting Scandal

22 Aug 5519321889_2e11cdd2f0_z-624x468

After the accounting scandal in March 2015, Toshiba’s reputation had plummeted hard. Its income, likewise, was heavily impacted by the critical slump of the sales of products such as LCD TVs, PCs, and other appliances. However, with a series of efforts, including restructuring, dumping businesses, and massive layoffs, Toshiba’s finance has finally gone out of the red in 1Q16 (Apr. to Jun.) after 6 quarters. (more…)