Monday, November 18, 2019

NETFLIX EARNINGS PLUNGE — AS DOES ITS STOCK

October 24, 2012 by · Leave a Comment 

Netflix, which continues to show ambivalence in support of its original DVD-by-mail operation, reported an 88-percent drop in third-quarter net income Tuesday, triggering another sell-off of shares by investors. At mid-morning Netflix shares were down nearly 15 percent to 58.55 on the Nasdaq but regained some of its losses after it was reported that its […]

BARGAIN-PRICED TV SETS EQUAL HUGE LOSSES FOR THEIR MAKERS

May 14, 2012 by · Leave a Comment 

Those bargain prices for big-screen HDTV sets may be wonderful news for worldwide consumers, but they represent devastating losses for their Japanese and Korean manufacturers. Sony and Sharp have already reported record losses primarily attributable to cutthroat competition to unload a glut of inventory of those sets, and now comes Panasonic to report its biggest […]

SONY WARNS OF BIGGEST LOSS EVER

April 11, 2012 by · Leave a Comment 

Sony’s financial situation appears more dire by the day. Following forecasts on Monday of deep losses in its consumer television business that would force it to downsize with the loss of 10,000 jobs, Sony today (Wednesday) slashed its earnings outlook, warning that it expects to take a $6.4 billion loss for the just-ended fiscal year, […]