The Estee Lauder Companies Second Quarter Earnings Call
Feb 29, 4:22 PM EST |
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| Profit rose to $224.4 million as growing international sales offset weak revenue from U.S. department stores. |
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| The cosmetics company reported revenue increase to $2.31 billion from $1.99 billion last year, led by its skin-care and makeup categories and strength in the Middle East, Africa, China, Australia and Korea. Estee also announced plans to debut its Clinique line on television shopping channel QVC on February 17. Estee affirmed 2008 profit forecast of $2.28 to $2.40 a share, and sales growth of 7% to 9%. |
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Shanda Interactive Entertainment Fourth Quarter Earnings Call
Feb 29, 4:20 AM EST |
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| The earnings were RMB292.6 million or RMB3.98 per ADS as against RMB240.3 million or RMB3.32 per ADS in prior year. |
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| The interactive entertainment media company reported revenue of RMB714.2 million as against RMB470.6 million in the prior year, on 60% growth in MMORPG revenue. During the quarter, the number of active paying accounts for MMORPGs grew 12.7% sequentially to 3.47 million, due to the release of expansion packs and in-game promotions and the launch of new game title, World Hegemony. The firm expects its consolidated net revenues for Q1 2008 to increase 62.9% sequentially. |
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Schering Plough Fourth Quarter Earnings Call
Feb 29, 4:08 AM EST |
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| SGP delivered strong fourth quarter results, with GAAP net sales for Q4 2007 totaling $3.7 billion compared with $2.7 billion in the prior year. |
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| Strong performance in both the fourth quarter and full year 2007 was posted on the back of success of Action Agenda. Full year GAAP revenues rose 20% to $12.7 billion from $10.6 billion last year, as the company reinforced growth with cost control. The acquisition of Organon BioSciences was a strategic achievement, with the addition of new categories, effectively making SGP one of the world’s leading animal health companies. |
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Lowe’s Companies Fourth Quarter Earnings Call
Feb 29, 3:28 AM EST |
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| Earnings fell 33.4% to $408 million softer U.S. housing market. |
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| The company’s same-store sales plunged 7.6%. The home improvement sector has suffered as consumers pull back on spending on home renovations in the face of falling home values, lower sales and tighter credit requirements. In 2007, Lowe''s opened 153 stores, including its first warehouses in Canada. The company expects to make between $1.50 and $1.58 a share for 2008. |
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Target Fourth Quarter Earnings Call
Feb 28, 4:12 PM EST |
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| Profit fell to $1.028 billion, as sales slowed in the second half of the year overall. |
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| Target’s revenue edged up nearly 1% to $19.87 billion, from $19.71 billion last year. Results were helped by new-store expansion and revenue from credit card operations. Sales in same-store sales increased 0.2%. Gross margin rate fell 53% points compared with a year earlier. In 2008, Target will add more natural and organic beauty items and it will still partner with designers to develop exclusive merchandise to sell in its stores. |
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Macy’s Fourth Quarter Earnings Call
Feb 28, 4:50 AM EST |
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| The net profit was $750 million or $1.73 per share as against $733 million or $1.40 per share in the previous year. |
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| The operator of retail department stores reported revenue of $8.59 billion, down 6% from $9.15 billion in last year, on one lost week in the quarter this year, 2% drop in same store sales and closed stores. Macy’s has launched localization initiative in division consolidation, aiming to accelerate its sales growth and increase profitability. The initiative is likely to aid the firm to save $100 million on an annual basis. For 2008, the firm expects EPS to be in the range of $1.85 to $2.15. |
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Sony Third Quarter Earnings Call
Feb 28, 4:46 AM EST |
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| The group recorded net income per share of ¥190.29 compared to ¥152.49 last year quarter, on a net income of ¥200.2 billion, or $1.7561 million. |
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| The consolidated results in the third quarter surpassed previous forecast with the Electronics segment recording double digit sales growth of 10% to ¥2.069 billion compared with the same quarter last year. Games segment benefited from the Playstation 3 (PS3) worldwide expansion, as quarterly segment sales increased 31% year-on-year to a new quarterly record of ¥581.2 billion, or $5.098 million. For fiscal 2007, Sony projects net income of ¥340 billion, on sales of ¥8.98 trillion. |
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Nordstrom Fourth Quarter Earnings Call
Feb 27, 4:32 AM EST |
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| The earnings were $212 million or 92 cents per share as against $232 million or 89 cents per share in the prior year quarter. |
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| The retailer of specialty apparel and accessories reported revenue of $2.51 billion, down 4.4% from $2.63 billion in the previous year, on 0.7% decrease in same store sales. During the quarter, SG&A improved 68 basis points compared to last year, primarily due to lower incentive costs, partially offset by increased bad debt expense related to the company''s credit card business. Nordstrom, anticipating a weak first half for fiscal 2008, expects EPS in the range of $2.75 to $2.90. |
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Cognizant Technology Solutions Fourth Quarter Earnings Call
Feb 27, 4:12 AM EST |
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| Profit rose 39% to $96.3 million on strong sales growth in Europe and elsewhere. |
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| The outsourcing provider reported revenue increase to $600 million from $424.4 million a year ago. Cognizant derives 70% of its revenue from the financial services and healthcare industries, raising concerns of being exposed to a slowdown in the U.S. economy. SG&A depreciation and amortization expenses were $152.3 million on a GAAP basis, up from a $115.5 million in the prior year. For 2008, Cognizant expects to earn $1.50 per share, or $1.67 before adjustments, and at least $2.95 in revenue. |
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CVS Caremark Fourth Quarter Earnings Call
Feb 27, 4:10 AM EST |
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| Net earnings increased 95.3% to $815 million compared to $417.2 million in the comparable 2006 period. |
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| The company estimates merger and integration costs associated with the merger between CVS Corporation and Caremark Rx, Inc. negatively impacted earnings per share by approximately 1 cent. Pharmacy same store sales rose 3.6% and were negatively impacted by approximately 450 basis points due to recent generic introductions, while front-end same store sales increased 2.9%. Total operating profit growth in 2008 is forecasted to be in the range of 27% to 31%. |
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