Earnings

News Byte: Apple Sales Up, Earnings Down, Spirits Up

News Byte: Apple Sales Up, Earnings Down, Spirits Up

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In earnings call, CEO Tim Cook defends products and pricing and looks forward to "an iPad Christmas."

USPS reports $5.2 billion Q3 net loss

USPS reports $5.2 billion Q3 net loss

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The U.S. Postal Service reported a third quarter net loss of $5.2 billion today, with $3.1 billion attributable to refunding retiree health benefits

Google revenues increase 35% year-over-year

Google revenues increase 35% year-over-year

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Google reported $12.21 billion in revenue during Q2 2012, a 35% increase over Q2 2011. The increase without Google's acquisition of Motorola Mobility Holdings would have been 21%.

Omnicom Group's revenue rises in Q2

Omnicom Group's revenue rises in Q2

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Omnicom Group's Q2 2012 worldwide revenue was up 2.1% to $3.56 billion, compared with 3.49 billion in Q2 2011

UPS first quarter earnings up 6%

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UPS revenue increased 4.5% to $13.1 billion in the first quarter of 2012. compared with the same period last year, the company said in its earnings report released April 26. Net income rose 6% to $970 million in the first quarter, compared with $915 million in the first quarter of 2011.

Cola wars linger as marketing amps up

Cola wars linger as marketing amps up

Although 2012 is predicted to see historically high commodities prices — affecting both PepsiCo's and Coca-Cola's bottom line — each is committing a significant amount of cost-cutting to an increase in marketing spend in 2012.

Staples attributes annual sales increase to Web, mobile investments

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Staples full-year 2011 sales increased 2% year-over-year to $25 billion, while net income grew approximately 12% to $985 million, the company said Feb. 29. Updates to the Staples.com website and the development of new mobile apps drove this growth, said Ronald Sargent, Staples's chairman and CEO in an investor's call.

JCPenney sales down 2.8% for 2011, looks ahead to new marketing plan

JCPenney's total 2011 sales decreased 2.8% compared with fiscal 2010, but its new marketing strategy is showing positive signs, the company reported Feb. 24.

Omnicom Group's revenue up

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Omnicom Group's full-year revenue for 2011 was up 10.6% to $13.87 billion when compared with the prior year, and fourth-quarter revenue increased 7.4% to $3.85 billion, the company said in a Feb. 14 earnings statement.

Publicis Group's revenue up

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Holding company Publicis Group's full-year 2011 revenue increased 7.3% to $7.67 billion, compared with 2010, the company said in an earnings statement Feb. 9.

USPS reports losses of $3.3 billion

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The U.S. Postal Service (USPS) ended the first three months of its 2012 fiscal year with a net loss of $3.3 billion — and large losses are expected to continue until planned restructuring efforts have taken place, the agency said Feb. 9.

PepsiCo to boost marketing spend, consolidate agencies

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PepsiCo plans to increase marketing spend on its brands by between $500 million and $600 million this year, cut costs and trim its agency roster, the company said in an earnings statement Feb. 9.

Coca-Cola to invest more heavily in marketing

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Coca-Cola plans to invest as much as $650 million from annual cost savings into its future marketing efforts, the company said on Feb. 7.

Gartner revenue up

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Research and analysis firm Gartner's fourth quarter 2011 revenue increased by 12% to $427.7 million, compared with the same quarter in 2010. For the entirety of 2011, total revenue increased by 14% to $1.46 billion, an increase of 14% over 2010. Net income for the year was $136.9 million.

Acxiom revenue down slightly

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Acxiom reported that revenue for its marketing and data services companies for the third quarter of its 2012 fiscal year was $188 million, down from $189 million during the same quarter last fiscal year.

Netflix revenue jumps 47%

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Netflix said Jan. 25 that it saw $876 million in global revenue in Q4, a year-over-year increase of 47%, although it spent nearly 60% less on marketing in the fourth quarter of 2011 compared with the same period of the prior year.

Verizon Wireless revenue up

Verizon Wireless revenue up

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Verizon Wireless reported record growth in revenue in the fourth quarter of 2011, with a 7.7% year-over-year increase to $28.4 billion compared with Q4 2010, the company said in a Jan. 24 earnings statement. Revenue for the year rose 4% to a total of $110.9 billion, compared with the same period in 2010.

Google revenue up 29%, marketing spend increases 62%

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Google generated $37.9 billion in revenue during 2011, a 29% increase compared with the previous year. Revenue from advertising also increased 29% year-over-year to total $36.5 billion, contributing 96% of Google's overall revenue. The company increased its spending on sales and marketing by 62% compared with the previous year to $4.5 billion.

EBay revenue up 27%, launching Paypal in-store purchase pilot

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EBay recorded $11.7 billion in net revenue for 2011, a 27% increase compared with the prior year. The company's net income for the year also spiked, jumping 79% year-over-year to $3.2 billion.

ExactTarget files for $100 million IPO

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Email marketing company ExactTarget filed for a $100 million initial public offering (IPO) on Nov. 23.

Sears posts net loss

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Sears Holdings Corp. posted a third-quarter net loss of $421 million, the company reported Nov. 17. Sears brand domestic comparable store sales declined 0.7% and subsidiary Kmart's comparable store sales declined 0.9%.

USPS finishes fiscal year with $5.1 billion net loss

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The U.S. Postal Service (USPS) closed the 2011 fiscal year with a $5.1 billion net loss, the government agency said on Nov. 15. Last fiscal year USPS posted an $8.5 billion net loss, the largest loss in its history.

Wal-Mart's revenue up

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Wal-Mart Stores, Inc. reported on Nov. 15 third-quarter revenue of $110.2 billion, an 8.1% increase compared with the prior year.

LinkedIn's marketing products revenue up

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LinkedIn's marketing products generated $40.1 million in revenue for the third quarter, a 113% increase compared with the prior year, the company said Nov. 3. The segment delivered 29% of LinkedIn's total revenue for the quarter, which rose 126% to $139.5 million.

AOL ad revenue up while search slides

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Advertising generated $317.7 million in revenue for AOL in the third quarter, an 8% increase compared with the prior year. The segment accounted for 60% of the company's total revenue, which dipped by 6% year-over-year to $531.7 million.

Pitney Bowes' revenue down

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Pitney Bowes' third-quarter revenue declined 3% to $1.3 billion year-over-year, the company announced Nov. 1, attributing the loss to declines in equipment sales and business services revenue, as well as to press coverage of the U.S. Postal Service's struggles.

MDC posts net loss

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Holding company MDC Partners reported revenue of $238.2 million in the third quarter, an increase of 33.4% compared with the prior year. The company's strategic marketing services division generated $146.1 million in revenue, up 32.1% year-over-year, while revenue from the performance marketing services unit rose 35.4% year-over-year to $92.1 million.

WPP revenue up 13%

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WPP Group's third-quarter revenue hit $3.95 billion, a 13% increase compared with the prior year, the Dublin-based holding company reported on Oct. 28.

IPG revenue up, net income boosted by Facebook sale

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The Interpublic Group of Companies (IPG) reported revenue of $1.73 billion for the third quarter of 2011, an 8.7% growth increase compared with Q3 2010.

Havas revenue up 5%, net new business down 14%

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Third-quarter revenue for Paris-based holding company Havas ticked up by 5% year-over-year to $543.3 million, the company reported on Oct. 26.

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