LG records a ‘solid’ $138.57 million net profit for Q3, keeps the positive trend going

LG Electronics has reported its earnings for Q3 2012, notching its third straight quarter of positive income with a net profit of 157 billion won ($138.57 million) and “solid” performances from its home theater and mobile businesses. Revenue is down from the same period last year, but seeing as it’s actually making money this time around it’s probably still reason to celebrate. On the mobile side of the aisle it reports an operating profit of $19.42 million with slightly higher sales than Q2, mostly thanks to those LTE smartphones it’s been rolling out. Its home entertainment biz noted a rise in LCD sales, with 3D TVs and LED-lit models growing from last quarter in most markets. Looking towards the future it’s obviously going all-in on the Optimus G (although our interests run towards the Nexus G that should debut next week), and also looks for its Ultra HD television to raise its standing as a premium brand.

LG, Q3 2012 Results (PDF)

Samsung expects around $7.28 billion in operating profits for Q3, setting another record

Samsung has provided investors guidance ahead of its full Q3 earnings report that’s due before October 26th, and as has been the custom, the numbers are huge. It’s expecting a fourth straight record quarter with overall operating profit of 8.1 trillion won ($7.28 billion), an amount that would more than double last year’s results for the same period and clear Q2s $5.86 billion, all on sales of 52 trillion won ($46 billion). We’ll have to wait for the full report to see numbers broken down by department, but it’s safe to say that there’s a lot of Galaxy S IIIs (it ticked past 20 million last month) adding up to reach that pinnacle. Reuters and Bloomberg have predictions from various analysts on how many handsets, RAM chips and flat-panel HDTVs were sold, but if its legal battle with Apple ends in the worst-case scenario, at least we figure Samsung will have enough left over to keep the lights on.

Reuters, Bloomberg, The Korea Times

Logitech’s Q3 2012 report confirms Revue is sold out, Harmony remote refresh ‘in the coming months’

Logitech’s Q3 earnings for the 2012 fiscal year don’t have many surprises since the company already revealed it was dropping out of the Google TV team. In prepared remarks, company management confirmed it is completely sold out of new units, closing the door on any users still trying to nab a $99 Revue (who shouldn’t be too heartbroken, since Vizio is promising a second gen unit is on the way at the same price). There is promise however, if you’re looking for a new Harmony remote model, while interim CEO Guerrino De Luca says the company is late in providing a successor to the best selling Harmony One and other models, resulting in a 30 percent drop in sales, it plans to strengthen the lineup “in the coming months.” In other segments, it’s seeing growth in those iPad accessory keyboards, for more details check the press release embedded after the break or in the PDFs linked below.

Prepared remarks (PDF), Slides (PDF)

Google announces Q3 earnings: $9.72 billion in revenue, $2.73 billion net income, 40 million Google+ users

Google’s just announced its third quarter earnings and, as expected, the company’s numbers are continuing on the upswing (even beating expectations). That includes $9.72 billion in revenue, which represents a 33 percent jump compared to the third quarter of 2010, along with $2.73 billion in net income, which is up from $2.17 billion a year ago. Somewhat notably, Google also choose to lead off its press release announcing the financial results (included after the break) with the news that Google+ has just passed the 40 million user mark — the company further notes that “people are flocking into Google+ at an incredible rate.” There’s not a ton of surprises to be found in the results otherwise, although Larry Page and co. sure seem to be busy hiring new folks — they’ve brought on 10 percent more employees in the span of three months (for a total of 31,353 full-time employees as of September 30th).

Update: During the company’s earnings call, CEO Larry Page confirmed that there’s now 190 million Android phones activated around the world, and 200 million users of the Chrome web browser (although it’s not clear how many of those are active users). Page also took a moment to post his remarks to Google+ during the call.

Google

Samsung's 22-inch Transparent BLU LCD TV shipping next week, eyes-on at SID 2011 (video)

We weren’t actually allowed to get our hands on Samsung’s 22-inch Transparent BLU LCD TV — the showcase was accompanied by a “Do not touch” label — but we were able to get our first in-the-flesh look at the see-through display at SID this week. According to Sammy’s rep, the monitors, which can operate with or without a backlight, will start shipping to manufacturers as soon as this week, but consumers will have to wait until Q3 to get their hands on one. While our hands remained mostly at our sides during our little meeting, we did sneak them behind the display to see just how transparent these things are. Sure enough, we could see our phalanges wiggling quite clearly through the ghostly panel. When the backlight was flipped on, the screen became a touch more opaque, but didn’t fully obstruct the view of the potted plants lurking in the background. For now, the screens are focused on the commercial market — specifically advertising — but we wouldn’t mind adding one of these things to our living room. Hop on past the break for a little video love.

Microsoft announces record Q3 earnings: $16.43 billion revenue, $5.23 billion net income

Well, it looks like the record quarters from tech companies just keep on coming — this time it’s Microsoft, which just reported $16.43 billion in revenue in its third-quarter results, a jump of 13 percent from the previous year, and well ahead of analysts’ expectations. Net income clocked in at $5.23 billion, a whopping 31 percent increase from the previous year, with Microsoft citing strong sales of Office 2010, Xbox and Kinect as key driving factors. The company also reiterated that it’s sold a staggering 350 million Windows 7 licenses so far, and said that its Entertainment & Devices Division has grown a full 60 percent year-over-year — again, largely fueled by those record-setting sales of Kinect and continued strong sales of Xbox 360 consoles and Xbox Live.

As for Windows Phone, Microsoft unfortunately isn’t providing much in the way of specifics — on its earnings call, it only went as far as to say that “product reviews are good” and “customer satisfaction is high,” and that developer interest has increased following its announcement of the Nokia partnership. It was unsurprisingly a bit more eager to divulge specifics for its gaming business, though, and revealed that it sold 2.4 million Kinect sensors in Q3, along with 2.7 million Xbox 360 consoles — the latter of which is a new third quarter record for the company.