Royal Mail on Wednesday warned that online giant Amazon’s own delivery service and increased competition from rival couriers has hampered progress and impacted revenues. The former state-owned British company said that Amazon’s plans to launch their own delivery service would cut the growth in the British parcel market for it and its rivals from 4-5 percent down to 1-2 percent. Continue reading “Online giant Amazon spells trouble for UK Royal Mail growth”
Earlier today, Google revealed its results for Q1 2014 and posted revenues of $15.42 billion. Earnings per share were reported at $6.27 and this was below the estimated $6.42 per share. The company missed analyst estimates of $15.52 billion in revenue and it can be attributed to Mountain View’s recent stock split amongst other things. Continue reading “Google Q1 2014 earnings reported at $15.42 billion, grow 19% YoY”
ARM Holdings, the British semiconductor company whose processor chip designs power most smartphones reported its earnings for Q4 2013. While the earnings were up 7% year on year, it fellow below analyst estimates owing to slowdown in smartphone sales. The company was estimated to rake in $138 million but reported processor royalties of $130.4m in the fourth quarter of 2013. Continue reading “ARM reports earnings of $130.4 million in Q4 2013, falls below analyst expectations”
Blackberry manufacturer, RIM, today announced its third quarter earnings report. The company has reported losses of $114 million which is equivalent to $0.22 per share. Revenues were $2.7 billion during the quarter ending December 2012. The company has once again managed to beat analyst predictions who estimated losses to to the tune of $0.35 per share.
