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Qualcomm quarterly profits fall short of target, sees bigger drop in Q3

2020-04-30 08:05:00| Telecompaper Headlines

(Telecompaper) Qualcomm reported net earnings for its fiscal second quarter to March down 25 percent year-on-year to USD 0.41 per share. The company said demand for mobile handsets was 21 percent below its forecast due to the impact of the Covid-19 pandemic. The chipmaker expects an even bigger shortfall of 30 percent in the third quarter to June.

Tags: short fall target drop

Bangladesh factory sees US$10m worth of orders cancelled

2020-04-29 15:13:00| Daily apparel & textile news and comment - from just-style.com

A Bangladesh factory has said it alone has had US$10m worth of orders cancelled since the coronavirus outbreak.

Tags: orders worth factory sees

Juniper Networks misses Q1 guidance, sees better Q2 after orders up 10%

2020-04-29 09:34:00| Telecompaper Headlines

(Telecompaper) Juniper Networks reported first-quarter revenues of USD 998 million, unchanged year-on-year and down 17 percent from the fourth quarter. Sales came in below expectations due to disruptions to production from the Covid-19 crisis, the company said. Orders remained strong, up 10 percent year-on-year, leading to a forecast for sequential revenue growth in Q2.

Tags: up orders networks guidance

Samsung sees demand weakening from Q2 after solid Q1 results

2020-04-29 08:55:00| Telecompaper Headlines

(Telecompaper) Samsung reported first-quarter revenues up 5.6 percent year-on-year to KRW 55.33 trillion, led by demand for its memory products and premium smartphones. The company said demand started to weaken from the end of the quarter due to the spread of the Covid-19 pandemic, and it expects lower second-quarter results as demand for consumer products such as smartphones and TVs slows.

Tags: results solid samsung demand