Massey Energy Earnings Call, Second Quarter 2008
Aug 28, 8:53 AM ET |
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| Excluding the Wheeling Pittsburgh litigation charge, new records were set for operating cash margin per ton, EBITDA and EPS. |
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| The coal company reported a year-over-year increase of 38% in second quarter produced coal revenue and an 8% increase in produced coal tons sold. The increase reflects the company’s expanding operations in Central Appalachia. Excluding the WP litigation, the company posted net income of $92.2 million or $1.15 versus net income of $34.9 million or 43 cents in the second quarter of 2007. The company expects full year 2008 produced coal shipments in the range of 41.5 million to 43 million tons. |
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FactSet Research Systems Earnings Call, Third Quarter 2008
Aug 28, 5:12 AM ET |
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| Earnings rose 14% to $32.5 million due to growth in its user and client base. |
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| Revenue was $147 million versus $121 million in the year-ago quarter. Free cash flows exceeded net income by 41% and over the last 12 months free cash flow and net income are nearly identical. Capital expenditures for computer equipment were $7.6 million and the remainder covered office space expansion. For Q4, FactSet expects revenue to be in the $150 million-$154 million range. |
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First Solar Earnings Call, Second Quarter 2008
Aug 28, 5:03 AM ET |
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| Profit increased 57%, as higher-than-expected production from a new plant in Malaysia helped it meet surging demand. |
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| Net sales were $267 million, an increase of $70.1 million, or 35.6% over the first quarter of 2008 and an increase of $189.8 million compared to the same period of 2007. Gross margin was 54.2%, up from 53% Q1 2008, benefiting from favorable foreign exchange rate trends, increased conversion efficiency, higher module run rates and lower material costs. Interest income was $4.9 million, reflecting an average pretax yield of 2.9% and compared to $6.7 million in the first quarter of 2008. |
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American Eagle Outfitters Earnings Call, Second Quarter 2008
Aug 28, 3:25 AM ET |
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| The company earned $59.8 million, or 29 cents per share in the quarter compared with $81.3 million, or 37 cents per share, in the year-ago period. |
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| The teen retailer attributed the 26% decline in second-quarter net income to the weak sales of women''s apparel, particularly denim. Sales dropped 2% from a year ago to $688.8 million, while same-store sales declined 9%. The merchant issued a downbeat outlook for the third quarter projecting earnings in a range of 31 cents to 36 cents per share. American Eagle continues to expand its value offerings and step up promotional events to gain market share. |
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Harris Earnings Call, Fourth Quarter 2008
Aug 27, 12:12 AM ET |
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| The Company achieved excellent financial results, notwithstanding the unexpected higher costs and accounting errors in Q4 at Harris Stratex Networks. |
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| The international communications and information technology company reported that fourth quarter revenue increased 19% to $1.4 billion compared with $1.2 billion in the previous year quarter. The fourth quarter GAAP net income was $122 million versus $88 million in the prior year quarter. The management has re-confirmed its earnings guidance for fiscal 2009 in the range of $4.05 to $4.15 per share. |
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Gymboree Earnings Call, Second Quarter 2008
Aug 27, 9:08 AM ET |
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| The firm is continuing its focus on long term growth while managing through the current challenging retail landscape. |
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| The specialty retailer reported sales of $206 million versus $182 million for the prior year an increase of 13% as income increased 38% to $8 million or 27 cents a share versus $5.8 million or 19 cents a share in 2007 on revenue growth. With a multi-brand strategy focused on reaching every mom in America significant store growth in current proven concepts and major market share opportunities, it is on track for solid growth for the next several years. |
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News Earnings Call, Fourth Quarter 2008
Aug 27, 9:06 AM ET |
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| Despite the recessionary environ, growth in drivers and balance sheet strength will help weather this storm and strengthen and grow the businesses. |
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| The media firm reported 16% growth in revenue to $8.6 billion, driving income up by 27% to $1.13 billion or 43 cents a share from $890 million or 28 cents a share in 2007 coupled by strong performance in filmed entertainment. The escalating price of energy, the contraction of real estate values, and liquidity and competence issues in the finance sector are creating economic shocks that will likely be felt by the vast majority of consumers in the U.S. as well as in Europe and maybe elsewhere. |
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Monster Worldwide Earnings Call, Second Quarter 2008
Aug 27, 9:03 AM ET |
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| Given the weakening economy, coupled with a commitment to investment and innovation, the firm will not meet its target of 25% operating margin. |
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| The online employment solutions provider reported revenue of $354 million, a 9% increase over $324 million in 2007 due to strong results from Career International. Income was $31 million or 15 cents a share, up from $29 million or 22 cents a share on operational efficiencies. The firm was able to expand its operating margins demonstrating an ability to manage the business in a tough market, while at the same time continuing to aggressively invest in critical areas. |
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Intuit Earnings Call, Fourth Quarter 2008
Aug 27, 7:29 AM ET |
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| Homestead and ECHO, recent acquisitions, are already contributing to the top line amidst a successful tax season and solid finish in small business. |
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| The Q4 revenue was $478 million, an 11% increase versus the year ago quarter whilst full year revenue advanced 15% to $3.1 billion from $2.7 billion in 2007 driven by strong results in the company’s tax business and the acquisition of Digital Insight in February 2007. Q4 net loss was $61.9 million or 19 cents per share versus a net loss of $13.6 million, or 4 cents per share in the prior year quarter. Q1 fiscal 2009 GAAP net loss per share is expected to be in the range 26 cents to 23 cents. |
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Big Lots Earnings Call, Second Quarter 2008
Aug 27, 6:00 AM ET |
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| In the second quarter, profit rose 11% to $26 million, or 32 cents per share, from $23.4 million, or 22 cents per share, a year earlier. |
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| Retail sales increased 1.9% to $1.1 billion in the quarter, helped by stronger demand for food, seasonal goods and furniture. Big Lots expects third-quarter EPS from continuing operations of 15 cents to 19 cents, and fourth-quarter EPS of $1.02 to $1.09 a share. The company lifted fiscal 2008 EPS forecast to $1.90 to $2.00 a share from its earlier guidance of $1.80 to $1.90 per share. The retailer expects third-quarter and fourth-quarter same-store sales to rise between 1% and 2%. |
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