Yahoo! First Quarter Earnings Call
May 09, 10:25 AM EDT |
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| Following a careful evaluation, the board of directors have determined that Microsoft’s proposal substantially undervalues Yahoo!. |
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| The provider of internet services reported revenue of $1.818 billion in the first quarter, up 9% over Q1 2007. The net income for the quarter was $542.2 million or 37 cents per share as against $142.4 million or 10 cents per share in the prior year quarter. The earnings results include a net gain of $401 million related to the initial public offering of alibaba.com. For fiscal 2008, Yahoo! projects GAAP revenue in the range of $7.2 billion to $8 billion. |
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D.R Horton Second Quarter Earnings Call
May 09, 10:18 AM EDT |
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| Although market conditions remain challenging, the firm continues to focus on reducing inventory and generating cash flow from operations. |
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| The home builder reported a net loss of $1.3 billion or $4.14 per share, from net income of $51.7 million or 16 cents a share in the prior year as revenues fell 62.5% to $1.6 billion. The firm continues to actively work to reduce the owned land and lot supply through building and closing homes, as well as through opportunistic land and lot sales. A dividend of 7.5 cents a share was declared during the period. |
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Cisco Systems Third Quarter Earnings Call
May 08, 11:05 AM EDT |
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| Solid financial results were driven by focus on innovation as well as the broad and growing global footprint, despite a difficult environ. |
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| The networking solutions provider reported revenues of $9.8 billion, a 10.4% increase from $8.87 billion in 2007 on strong order growth. However, net income dropped 5% to $1.77 billion or 29 cents a share as a result of a charge of $246 million or 4 cents per share relating to the intent to purchase, remaining interest in Nuova Systems. |
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Carnival Corporation First Quarter Earnings Call
May 08, 4:59 AM EDT |
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| The continued recovery in some businesses and brands, bolstered by a firming euro and sterling, despite rising fuel prices, led to revenue growth. |
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| The cruise vacation group reported income of $236 million or 30 cents a share, on revenues of $3.2 billion, down 17% from $283 million, or 35 cents a share in 2007. The overall performance was more than offset by continually rising fuel prices, which cost the company $156 million or 19 cents a share. The firm reduced its EPS guidance range due to lower expected revenue yields, the deferral of the fuel supplement revenue and the higher forecasted fuel cost for the remainder of the year. |
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3M First Quarter Earnings Call
May 08, 2:37 AM EDT |
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| Earnings dropped to $988 million from $1.4 billion a year ago when there was a big gain on the sale of one of its businesses. |
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| Sales rose 8.9% to $6.5 billion, topping analysts'' forecast of $6.32 billion. EPS fell to $1.38 per share, from $1.85 per share a year earlier. The year-earlier results included a one-time gain of 57 cents per share from the sale of the company''s branded drug business in Europe. International sales were solid and that profits increased in four of its units. Profit declined in its consumer and office and display and graphics businesses. |
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The McGraw-Hill Companies First Quarter Earnings Call
May 08, 2:07 AM EDT |
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| Net income fell 44% to amid continued fallout from the stagnated structured-finance market. |
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| Revenue declined 6% to $1.22 billion from $1.3 billion, on a steep drop in structured finance revenue in Standard & Poor''''s Credit Market Services and lower school education sales. The credit crisis has led to more than $200 billion in write-downs over the last year. In the U.S., total new issue dollar volume declined 56%, with mortgage-backed securities off 94% and collateralized debt obligations falling 91%. McGraw-Hill forecast full-year earnings per share in the $2.65 to $2.75 range. |
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Dollar Financial Third Quarter Earnings Call
May 07, 3:14 PM EDT |
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| Continued execution of the multi-country, multi-product, and multi-channel growth strategy has minimized the current economic turbulence. |
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| The financial services firm’s revenue grew by 26.4% to $135.3 million resulting in net income increasing 18.3% to $13.8 million or 56 cents a share, up 17.9% from $11.7 million or 48 cents per share in the prior year. Dollar Financial has ample liquidity with no near term debt repayment obligation, which should allow it to continue to invest in future growth through the development of new products, additional de novo store openings, and the continued acquisition of well-managed store chains. |
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Exxon Mobil First Quarter Earnings Call
May 07, 5:52 AM EDT |
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| Higher crude oil and natural gas realizations due to record crude oil prices, were offset by lower margins, production volumes and higher costs. |
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| The oil and gas company reported net income of $10.9 billion or $2.03 a share, an increase of 17.5% from $9.28 billion or $1.62 a share in the prior year as EPS growth was driven by the strong earnings and the continuing benefits of the share repurchase program. Total revenues increased 34.1% to $116.9 billion from $87.2 billion in the prior year on high commodity prices. The firm distributed $10 billion to shareholders through dividends and share purchases. |
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AutoNation First Quarter Earnings Call
May 07, 5:24 AM EDT |
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| Profit was $50.7 million as the weak U.S. housing market continued to hurt demand in the company's critical California and Florida markets. |
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| Earnings from continuing operations slipped to 31 cents a share from 39 cents a share. Results were hurt by lower gross profit for each vehicle sold, partially offset by continued share repurchases. New vehicle sales in California, Florida, Nevada and Arizona declined 11%. The company expects to continue to see a challenging automotive retail market as long as the current economic difficulties persist. |
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Terex Corporation First Quarter Earnings Call
May 07, 4:51 AM EDT |
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| Earnings rose 46% to $163.3 million, helped by the global boom in commodities. |
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| Net sales rose 17.4% to $2.36 billion. The increase in sales was helped by acquisitions and by the effect of currency exchange rates. Income from operations was $256.3 million, an increase of $55.6 million from $200.7 million in the first quarter of 2007. Cash flow from operations was a use of $190.4 million, higher use of cash when compared with the prior year’s first quarter. Other income totaled $6.6 million,, primarily attributable to foreign currency translation gains. |
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