SEOUL (Reuters) – Samsung Electronics Co Ltd on Tuesday said operating profit likely fell 24.5 percent in April-June to 7.2 trillion won ($7.12 billion) due to continued slowing growth in the companys cash cow smartphone business. The guidance, released ahead of final second-quarter figures due around the end of July, was much lower than an […]
(Reuters) – Rackspace Hosting Inc reported better-than-expected quarterly results as demand rose for its web-hosting services, and the company forecast current-quarter revenue above Wall Street estimates. Rackspace forecast revenue of $434 million-$440 million for the second quarter ending June. Analysts on average were expecting revenue of $435.5 million, according to Thomson Reuters I/B/E/S. \”We are […]
SAN FRANCISCO (Reuters) – Intel Corp posted first-quarter net earnings of $1.947 billion, or 38 cents a share, compared with $2.045 billion, or 40 cents a share, in the year-ago quarter as the chipmaker wrestled with shrinking demand for personal computers. First-quarter revenue was $12.76 billion, compared with $12.58 billion in the year-ago quarter, Intel […]
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