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Biography for Rebecca Day

Rebecca Day, Senior editor of Consumer Electronics Daily and contributing editor to Communications Daily and Washington Internet Daily, joined Warren Communications News in 2010. She’s a longtime CE industry veteran who has also written about consumer tech for Popular Mechanics, Residential Tech Today, CE Pro and others. You can follow Day on Instagram and Twitter: @rebday

Recent Articles by Rebecca Day

Walmart Q2 Results Better Than Feared But 2nd Half Outlook Cautious

After resetting Q2 financial guidance three weeks ago (see 2207260009) due to price cuts it had to take on bloated electronics and apparel inventory, Walmart finished the fiscal Q3 quarter ended July 31 “stronger than we had anticipated,” said CEO Doug McMillon on the company’s Tuesday earnings call. Walmart sales in the quarter were “well ahead of plan,” with higher prices lifting the average transaction size. Supply chain costs, too, were better than expected, McMillon said.Read More >>

WiSA Losses Widen; Plans Q4 Launch of DS Technology

WiSA’s Q2 revenue fell 40% to $946,000, from $1.6 million in the year-ago quarter, said Chief Financial Officer George Oliva on a Monday earnings call. Its net loss was $4.1 million vs. $3.4 million in Q2 2021, said an SEC filing. Gross margin shrank to 20% from 29%, due to lower sales volumes, said the corrected quarterly earnings release.Read More >>

Snap One Tempers 2nd Half View, Says Supply Chain is Improving

Snap One continues to see “sustained demand” in the integrator channel, but management is taking a conservative view over the rest of 2022 due to economic uncertainty, said CEO John Heyman on the company’s Q2 earnings call Thursday. It expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to be between $116 million and $121 million, up 5%-9% year on year.Read More >>

Sonos Cuts 2022 Guidance, 2024 Goals on 'Challenging' Conditions

Sonos’ fiscal Q3 revenue slipped 1.8% year on year to $371.8 million for the quarter ended July 2, the company said Wednesday. It swung to a net loss of $600,000 vs. net income of $17.8 million in the year-earlier quarter.Read More >>

Vizio Device Gross Profit Fell 88% as It Seeds Market for Platform+

Vizio’s Q2 device revenue plunged 11% to $298.1 million, while ad revenue grew 71%, driving the Vizio's Platform+ business to $110.8 million, said the company's quarterly report Wednesday. Device gross profit plunged 88% to $4 million with a 1.3% gross margin, while Platform+ gross profit rose 47% to $69.9 million with 63% gross margin. The stock closed 18.1% higher Thursday at $12.33.Read More >>