Earnings & Sales Reports | featured news

Google just released fourth quarter earnings. Net Income was down a whopping 68 percent to $382 million (compared to $1.2 billion a year ago), primarily because of a $1 billion impairment charge related Google's ownership stakes in AOL (for which it took a $726 million writedown) and Clearwire ($355 million writedown).

Microsoft Corp posted quarterly results that missed Wall Street expectations, announced it would cut up to 5,000 jobs and said it could no longer offer profit forecasts for the rest of the fiscal year.

Sony Corp. slashed its annual earnings forecast Thursday, projecting its first net loss in 14 years on slumping sales, a strong yen and restructuring costs.

Apple said robust sales of the iPhone and its MacBook laptops buoyed the company amid a terrible holiday shopping season.

Logitech's quarterly profit fell 70% on a sharp drop in demand and the maker of computer accessories forecast tougher times ahead.

Citigroup capped a devastating 2008 by announcing Friday that it would split into two entities and that it had posted an $8.29 billion loss for the fourth quarter.

Escalating credit losses drove Bank of America Corp. to report a fourth-quarter loss and slash its quarterly dividend to a penny on Friday, hours after receiving a multibillion-dollar lifeline from the federal government.

Intel's profit sank 90% as sales dropped 23% amid a rapid deceleration in computer demand and pricing pressure during the key holiday season.