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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International Business Machines Earnings Call, Second Quarter 2008
Jul 24, 10:45 AM ET |
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| Transformation initiatives pay off as revenues increase 13% to $26.8 billion. |
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| The company that focuses on the creation, development and manufacture of advanced information technologies reported earnings of $2.8 billion or $1.98 a share, up 22% from $2.3 billion or $1.57 a share in 2007 on revenue growth. These results demonstrate that IBM has the ability to thrive in both emerging and established markets. A total of $8.4 billion was spent through a combination of dividends and share repurchases. |
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Wipro Earnings Call, First Quarter 2008
Jul 24, 10:36 AM ET |
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| Strategy of focusing on MEGA/GAMA accounts is delivering results with top customers growing ahead of company average. |
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| The provider of IT solutions and services reported sales of Rs. 59.62 billion ($1.39 billion1), representing an increase of 43% over the same period last year, driving net income 15% to Rs.8.14 billion ($190 million) or Rs.5.60 (13 cents) a share. The IT Services business added 31 new clients during the quarter, of which 4 were Global 500 / Fortune 1000 companies. The company strategy of focusing on MEGA/GAMA accounts is delivering results with top customers growing ahead of company average. |
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E*Trade Financial Earnings Call, Second Quarter 2008
Jul 24, 7:41 AM ET |
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| The company swung to a loss of $94.6 million due to a sharp increase in loan-loss provisions. |
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| Total revenue was up $3 million to $532 million sequentially, driven primarily by a $16 million increase in net operating interest income. Total delinquencies increased by 9%. Home equity loan delinquencies increased by 4%, down from an increase of 8% in the prior quarter. Provisions for loan losses increased by $85 million quarter over quarter, driven primarily by an increase in home equity-related charge-offs. |
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