Microsoft Third Quarter Earnings Call
Apr 30, 9:34 AM EDT |
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| Profit rose 65% to $4.93 billion due to initial sales of heavily-marketed new products including Vista operating system. |
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| Microsoft reported revenue increase of 32% to $14.4 billion, exceeding analysts’ expectations of $13.89 billion. The company benefited from initial sales of Vista and the Office 2007 suite of desktop applications. Sales of Vista surpassed the company''s expectations by $300 million to $400 million. Microsoft reported operating losses of $200 million on revenue of $623 million in online service division. Q4 revenue is expected to be $13.1 billion to $13.4 billion growing 11% to 14%. |
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CNET Networks First Quarter Earnings Call
Apr 30, 4:51 AM EDT |
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| The loss widened due to $4.4 million in costs related to stock option investigation and higher expenses. |
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| The technology media company reported revenue increase of 10% to $92.1 million, which failed to meet the analysts’ expectations of $92.5 million. Excluding stock compensation expenses, stock option investigation costs, gains on investments and losses from continued operations, CNET earned nil per share. Operating income before depreciation, amortization, and stock compensation expense rose 18% to $11.8 million. For fiscal 2007, the company expects revenue of $425 million to $445 million. |
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Qualcomm Second Quarter Earnings Call
Apr 29, 2:50 PM EDT |
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| Profit increased to $726 million from $593 million last year due to strong demand for chips for mobile phones. |
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| Qualcomm, the supplier of chips based on CDMA, reported revenue increase of 21% to $2.22 billion, which exceeded analysts’ expectations of $2.19 billion. Excluding option costs and other charges, the company would have earned 50 cents a share. The company returned approximately $440 million of capital to its shareholders. Qualcomm raised its full-year EPS outlook to a range of $1.84 a share to $1.88 a share from its previous target of $1.72 to $1.77. |
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SunTrust Banks First Quarter Earnings Call
Apr 29, 7:45 AM EDT |
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| Net income fell 3% to $513.9 million, over Q1 2006, as the bank handled an interest rate environment that hampers its traditional lending business. |
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| SunTrust Banks reported that its quarterly revenue rose 1% to $2.067 billion, over $2.05 billion in Q1 2006, hurt by a 1% fall in interest income to $1.188 billion, versus Q1 2006, due to low long-term interest rates at which the bank lends money, versus short term interest rates which the bank pays to borrow money. The bank has been looking to cut costs to face the difficult interest rate environment. Fiscal 2007 consumer and commercial deposits are expected in the low single digit range. |
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Apple Second Quarter Earnings Call
Apr 27, 3:18 PM EDT |
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| Profit increased 88% from a year ago and revenue rose 21% as Apple benefited from lower costs on flash-memory chips for its iPod products. |
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| In the latest quarter the company earned $770 million, or 87 cents per share, up from $410 million or 47 cents per share a year ago. Sales rose 21% from a year ago to $5.26 billion. Apple shipped 1.5 million Macintosh computers and more than 10.5 million iPods, recording a 36% jump in Macs and 24% jump in the music players. iPods and other music-related products sales accounted for 44% of total revenue. The company expects revenue of $5.1 billion and EPS of 66 cents in its third quarter. |
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Media General First Quarter Earnings Call
Apr 27, 1:06 PM EDT |
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| Quarterly loss was $6.5 million, or 27 cents per share, on revenues of $230.4 million. |
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| For the year-ago comparable period, the company reported $6.7 million, or 28 cents per share, on revenues of $217.4 million. The figure includes a $1 million charge for severance costs. Lower sales also hit profits across all categories and markets, but the sales from newly bought TV stations help bolstered the overall revenues. The company’s fast-growing online division generated a record $8 million of revenues and improved its operating performance by 34% from a year ago. |
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Amazon.com First Quarter Earnings Call
Apr 26, 9:16 AM EDT |
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| Profit more than doubled to $111 million driven by the sale of more goods through the Web site and lower tax rate. |
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| The revenue of the online shopping retailer grew to $3.02 billion, exceeding analysts’ expectations of $2.92 billion. North America sales totaled $1.62 billion, up 30%, while international sales rose 35% to $1.39 billion Amazon.com attributed overseas sales improvements to more third-party merchants that used the site to sell their own goods. The company announced a stock buy back of $500 million. In 2007, sales are expected to be between $13.40 billion and $14 billion. |
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Sony First Quarter Earnings Call
Apr 26, 5:44 AM EDT |
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| Earnings more than doubled to 254 million Euros driven by strong sales of Walkman music handsets. |
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| Sony reported revenue increase of 47% to 2.93 billion Euros from 1.99 billion Euros last year. The company generated sales worth 1.6 billion Euros in Europe, Middle East and Africa, 961 million Euros in Asia, and 365 million Euros in the Americas, which helped market share grow 2 percentage points to 8%. The number of handsets sold climbed 63% to 21.8 million. In 2007, Sony Ericsson forecasts that global handset market will be above 1.1 billion units. |
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Google First Quarter Earnings Call
Apr 24, 5:08 PM EDT |
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| Profit increased 70% to $1 billion due to market share gains and a lower tax rate. |
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| Google reported revenue increase of 63% to $3.66 billion. Excluding payments to its advertising partners, net sales rose 66% to $2.53 billion, beating analyst expectations of $2.49 billion. The amount of sales from the Web sites Google owns increased 76% to $2.28 billion. The company announced it would pay $3.1 billion for DoubleClick, an online advertising firm. In Q2, earnings are forecast to come in at $3.42 a share. |
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Bed Bath & Beyond Fourth Quarter Earnings Call
Apr 24, 4:26 PM EDT |
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| Net earnings of $205.8 million, or 72 cents a share, rose 4% from $197.9 million, or 67 cents a year ago. Revenue was $1.99 billion vs. $1.69 billion. |
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| The retailer added that the latest quarter figures included a non-recurring charge of $30 million, or 7 cents a share, tied to Internal Revenue Code Section 409A. Excluding this charge, earnings per share were 79 cents vs. 67 cents last year. Same-store sales for the latest three months increased 5.2%. Bed Bath & Beyond expects net sales for the first three quarters of fiscal 2007 growing between 10% and 12%. |
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