Texas Instruments Earnings Call, Second Quarter 2008
Jul 25, 12:16 AM ET |
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| The management reported an unexpected demand slowdown in June due to distributors reducing inventory levels and a weaker economic environment. |
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| The global semiconductor company’s second quarter revenues declined 2% compared with the second quarter of last year as growth in Analog and Embedded Processing was not sufficient to offset declines in Wireless and Other revenue. The quarterly net income of $588 million represents a decline of $26 million from the year ago quarter. The management now anticipates third quarter revenues in the range of $3.26 billion to $3.54 billion. |
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Yum! Brands Earnings Call, Second Quarter 2008
Jul 25, 10:37 AM ET |
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| The new stores performed well with overall Mainland China margin at 20% and cash margins exceeding 25% as management raises 2008 EPS forecast. |
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| The restaurant company generated Q2 total revenues of $2.7 billion compared with $2.4 billion in the second quarter last year driven by firmer quarterly company sales and franchise and license fees. The Q2 EPS were 45 cents, representing 16% growth excluding special items. The EPS for the year ago quarter was 39 cents and management reported year-to-date EPS of 87 cents excluding special items versus 74 cents in the year ago period. During the quarter, worldwide same-store sales grew plus 4%. |
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Caterpillar Earnings Call, Second Quarter 2008
Jul 25, 8:54 AM ET |
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| Profit rose 34% to $1.1 billion as strong growth in emerging economies offset weakness in North America, Western Europe and Japan. |
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| Revenue jumped 20% to $13.6 billion from $11.4 billion a year ago. Higher prices boosted revenue by $398 million, the impact of currency added $384 million and financial products revenue rose $84 million. Engine volume was up $615 million, an increase of about 18%. For 2008, the company expects sales and revenues to be about $50 billion for 2008 and profit per share to be about $6. |
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ConocoPhillips Earnings Call, Second Quarter 2008
Jul 24, 5:15 PM ET |
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| Revenues increased 49% to $73 billion from $49 billion in 2007 on firming energy prices. |
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| The integrated energy company income of $5.4 billion or $3.50 per share up 17 times from $301 million or 18 cents a share in the prior year as prices margin and other impacts improved income. Income was also impacted by net sales volumes in the LUKOIL and E&P segments harshly offset by higher volumes in the downstream and midstream segments. |
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Panera Bread Company Earnings Call, Second Quarter 2008
Jul 24, 5:12 PM ET |
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| The firm has continued to drive improvements in both bakery café and operating margins despite inflation in wheat, oil and other commodity costs. |
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| The confectionary maker reported revenues of $321 million, up 27% as net bakery cafe sales increased 31% to $274.4 million driven primarily by sales from new units, acquisitions and increases in comparable bakery cafe sales. Consequently, net income responded with a 24% rise to $15.7 million or 52 cents a share, from $12.6 million or 39 cents a share in 2007. The firm opened 19 bakery cafes, 6 of which were company owned and 13 of which were franchise operated. |
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The Boeing Company Earnings Call, Second Quarter 2008
Jul 24, 5:08 PM ET |
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| Strong global product demand and a sustained focus on productivity improvements will continue to drive growth and profitability. |
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| The aircraft manufacturer reported revenue of $17 billion, which was largely unchanged as higher support system volume was offset by lower BCA military aircraft and network and space revenues. Earnings fell 19% to $852 million or $1.16 per share on AW & C charges. The defense segment is pursuing further growth opportunities through niche acquisitions by announcing an agreement to acquire in situ a pioneer and unmanned aircraft systems in the unmanned aircraft systems market. |
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Amazon.com Earnings Call, Second Quarter 2008
Jul 24, 5:06 PM ET |
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| Customers continue to take advantage of the firm’s low prices, free shipping and Amazon Prime as reflected in revenue growth. |
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| The online retailer reported worldwide revenues of $4.1 billion, up 41% from $2.89 billion in 2007. Income grew 103% to $158 million or 37 cents a share from $78 million or 19 cents a share in the prior year due to a $53 million non-cash gain recognized on the sale of European DVD rental assets and sales growth. The Company acquired Fabric.com, a leading online fabric store that offers custom measured and cut fabrics, as well as patterns, sewing tools and accessories. |
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Merck & Co Earnings Call, Second Quarter 2008
Jul 24, 11:02 AM ET |
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| Lackluster performance as the firm takes action to address challenges, and remains committed to regaining leadership in the pharmaceutical industry. |
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| The pharmaceutical company reported earnings of $1.77 billion or 86 cents a share, up 5% over $1.68 billion or 77 cents a share in 2007, reflecting continued efforts to create a leaner, more cost effective and customer-focused operating model. Revenue was down 1%, to $6.05 billion from $6.1 billion in the prior year due to challenges to key brands, such as GARDASIL and SINGULAIR, and the continued impact of the loss of marketing exclusivity for FOSAMAX. |
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International Gaming Technology Earnings Call, Third Quarter 2008
Jul 24, 10:57 AM ET |
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| Continued revenue weakness seen in key US gaming jurisdictions, weighed in on results in game operations, as EPS guidance is reduced. |
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| The gaming firm’s 4.2% revenue drop to $677 million failed to dampen income growth as it rose 32% to $180 million or 35 cents a share, from $136 million or 41 cents a share in 2007 driven by strong domestic new unit demand and strong non-machine sales. IGT furthered the server-based gaming initiatives with the release of several new models on the Advanced Video Platform (AVP(R)) and the completion of the strategic acquisition of Million-2-1. |
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Gannet Co. Earnings Call, Second Quarter 2008
Jul 24, 10:51 AM ET |
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| Revenues of $1.72 billion were down 10% from $1.91 billion in 2007, reflecting the impact the weaker economy in the U.S. and the UK. |
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| The international news and information service company realised net income of $232.7 million or $1.02 a share, down 36% from $366 million or $1.24 a share in 2007 due to the weakening economy. The difficult environ has put pressure on advertising demand for the publishing segment and broadcasting benefited from higher political advertising and positive results from Captivate. The firm controlled its operating expenses despite higher newsprint prices, and focused on increasing efficiencies. |
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