Asustek Computer, Taiwanese manufacturer of Google’s (NASDAQ:GOOG) Nexus 7 tablet, reveals that sales of the device for the latest month was close to a million units. The 7-inch Nexus 7 tablet caused a flutter with its low pricing of $199, but sales are still small compared to Apple’s (NASDAQ:AAPL) quarterly sales of about 14 million iPads.
Panasonic’s (NYSE:PC) FQ2 results are marred by weak sales of consumer electronics and huge restructuring charges. Net loss for the quarter rises to ¥697.98 billion compared to ¥105.8 billion last year, and is off analysts’ estimates of a ¥3.85 billion profit. Operating profit, though up 16% to ¥48.8 billion, misses estimates of ¥55.6 billion. Goodwill write-offs total approximate ¥238 billion, as new chief Kazuhiro Tsuga embarks on a turnaround plan. Guidance for the full year is slashed to ¥765 billion from the previous guidance of a profit of ¥50 billion.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
Seagate Technology (NASDAQ:STX) reports a third quarter EPS of $1.45 which is short of expectations by $0.25, while revenue of $3.7 billion misses by $50 million.
Anheuser-Busch InBev (NYSE:BUD) reports third quarter EPS of $1.17 which misses by $0.10, and revenues of $10.27 billion which are short of expectations by $90 million, though up 9.1%. Overall volumes are down 0.3%, while US sales of beer are down 0.4% chiefly due to a 7% fall in Budweiser sales.
Don’t Miss: Will Apple Help Save the Newspaper Industry?