A look at recent tech-industry earnings

AP News
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Posted: Apr 16, 2013 5:46 PM

Technology companies have begun releasing their earnings reports for the latest quarter. The reports come as consumers shift their spending toward tablets. Here is a summary of recent earnings and reports for selected technology companies and what they reveal about the state of spending and the overall economy.

— April 5: Estimates from Samsung Electronics Co. show that operating profit for the first quarter grew 53 percent from a year earlier to 8.7 trillion won ($7.7 billion), outpacing expectations for what's normally a slow time for consumer electronics sales. Revenue grew 15 percent to 52 trillion won. Analysts say Samsung benefited from smartphone sales and shortages in memory chips for personal computers.

— April 10: Research firms IDC and Gartner release reports showing unprecedented declines in sales of desktop and laptop machines during the first three months of the year. IDC says first-quarter shipments of PCs fell 14 percent worldwide from a year earlier. That's the deepest quarterly drop since the firm started tracking the industry in 1994. Another research firm, Gartner Inc., pegged the first-quarter decline at 11 percent. IDC Vice President Bob O'Donnell says Microsoft's release on Windows 8 in October "not only didn't provide a positive boost to the PC market, but appears to have slowed the market.

— Tuesday: Yahoo Inc. says its first-quarter earnings surged 36 percent, but investors appear disappointed that revenue shrank by 7 percent. The weak spot was in one of Yahoo's former strengths — display advertising. After subtracting the commissions that Yahoo pays its partners, the company's display advertising revenue fell by 11 percent from last year to $402 million. That development suggests that Yahoo is losing more ground in a key area of Internet advertising to Google Inc. and Facebook Inc.

Coming up:

— Wednesday: eBay Inc.

— Thursday: Google Inc., Microsoft Corp., IBM Corp., Verizon Communications Inc.

— April 22: Netflix Inc.

— April 23: Apple Inc., AT&T Inc.

— April 25: Amazon.com Inc.

— May 1: Facebook Inc.

— May 9: Sony Corp.

— May 15: Cisco Systems Inc.

— May 21: Hewlett-Packard Co., Dell Inc.

— June 28: Research in Motion Ltd.