Qualcomm Third Quarter Earnings Call
Jul 31, 2:58 PM EDT |
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| Earnings rose to $798 million, or 47 cents a share, compared with $643 million, or 37 cents a share a year ago, while revenue grew 19%. |
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| Excluding stock options related charges, earnings would have been $934 million, or 55 cents per share. Qualcomm enjoyed revenue growth across all of its business segments, with chip segment reporting 21% revenue growth from a year ago. The licensing unit revenue climbed 20%, while the wireless and Internet business revenue grew 10%. The company lifted its revenue forecast for the fourth quarter to $2.15 to $2.25 billion, up 8% to 13% from its earlier guidance. |
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Oracle Fourth Quarter Earnings Call
Jul 31, 2:28 PM EDT |
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| Profit rose 23% to $1.6 billion, driven by more sales from the crop of customers picked up in a $25 billion shopping spree. |
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| The enterprise software firm reported revenue increase of 20% to $5.83 billion, surpassing analysts’ expectations of $5.6 billion. New software license revenue was $2.48 billion, up 17% from a year ago, and sales from software license updates and support climbed 21% to $2.27 billion. Oracle bought Hyperion Solutions for $3.3 billion. In Q1, new software sales are expected to be between 20% and 30%. |
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Micron Technology Third Quarter Earnings Call
Jul 31, 12:10 PM EDT |
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| The company swung to a loss of $225 million, or 29 cents per share, vs. a profit of $88 million, or 12 cents per share a year ago. |
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| Revenue for the quarter declined 2% to $1.29 billion from $1.31 billion a year ago. The computer memory chips maker reported another loss of $52 million in its second quarter. Micron announced that it plans to cut its work force without specifying a number. The company also plans to cut its capital expenditures next year to $2.5 billion, from $4 billion in the current fiscal 2007. |
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AutoNation Second Quarter Earnings Call
Jul 31, 6:06 AM EDT |
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| Profit rose to $77.3 million as a tax adjustment partly offset weaker demand for new vehicles. |
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| Revenue declined 7% to $4.6 billion, failing to meet analysts’ expectations of $4.82 billion. AutoNation''s decline for new vehicle unit sales for California and Florida was 16%, with pickup truck sales down as construction levels decrease. The company had 63,000 new units in inventory, down 16% compared to last year as it cut down its domestic vehicles in inventory. The company expects ongoing rate to be in the mid 39% range, excluding the impact of any potential tax adjustments in the future. |
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United Technologies Second Quarter Earnings Call
Jul 30, 4:56 PM EDT |
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| Profit rose 4% to $1.15 billion, helped by continued overall strength from operating segments. |
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| The revenue of United Technologies rose 13.4% to $13.9 billion, driven by continued strength in aerospace and nonresidential construction. The weak spot on the balance sheet was North American residential heating, ventilating and air conditioning business, reflecting the continuing U.S. housing downtown. Pratt & Whitney Rocketdyne unit was awarded a $1.2 billion NASA contract to develop and test a J-2X rocket engine to power the Ares I and Ares V launch vehicles. |
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ExxonMobil Second Quarter Earnings Call
Jul 30, 4:37 PM EDT |
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| Despite net income falling marginally year on year to $10.3 billion, reduction in shares outstanding resulted in EPS rising 6% to $1.83. |
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| Revenue slid to $98.35 billion from $99.03 billion a year ago. Exxon Mobil is spending most of its profits on finding new supplies of crude oil and natural gas. The company plans to invest in more than 20 new global projects in the next three years and its capital spending is expected to be $20 billion every year till 2010. Earnings from exploration and production fell 17% to $5.9 billion due to the lower natural gas prices. Production on an oil-equivalent basis dropped 1% from a year ago. |
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Baidu.com Second Quarter Earnings Call
Jul 30, 6:31 AM EDT |
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| The company saw robust revenue growth and a healthy increase in online marketing customers. |
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| China’s Internet search company reported revenue of 109.4% increase to $52.7 million, surpassing analysts’ expectations of $49.3 million. Online marketing revenues were RMB400.6 million ($52.6 million), driven by the increases in the number of active online marketing customers and revenue per customer. Traffic acquisition costs was RMB44.9 million ($5.9 million), reflecting the continued growth of revenue contribution from Baidu Union members. |
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Family Dollar Stores Third Quarter Earnings Call
Jul 27, 9:01 AM EDT |
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| Earnings grew 6.2% from a year ago to $60.4 million or 40 cents per share driven by increased sales of prepaid services. |
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| The retail discount store chain reported net income of $60.4 million versus $56.9 million a year ago. Earnings per share rose 8.1% from a year ago to 40 cents. The quarterly results include 2 cents for expense related to the defense and settlement of shareholder derivative litigation.The company slowed new store growth and accelerated investments in operational execution. Fourth quarter EPS are seen in the range of 26 to 29 cents and are expected to be under pressure from higher markdowns. |
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Schlumberger Second Quarter Earnings Call
Jul 26, 3:20 PM EDT |
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| Revenue grew 20% to $5.64 billion, driven by an increase in international activity. |
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| The oilfield services company reported earnings of $1.02 cents a share, exceeding analysts’ expectations of 96 cents a share. Oilfield Services pretax margins reached a new high of 30.4% led by strong performance in the Middle East and Asia, due to a continued favorable revenue mix from exploration services. In the North American market, higher activity on land and in the Gulf Coast was more than offset by a downturn in Canada. |
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Apple Third Quarter Earnings Call
Jul 26, 10:11 AM EDT |
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| Profit jumped 73% from a year ago to $818 million, or 92 cents a share, fueled by solid sales of the company’s Mac computers and iPods. |
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| Revenue rose 24% from a year ago to $5.41 billion, while gross margins climbed to 36.9% from 30.3% a year earlier. Apple sold 1.76 million Mac computers during the latest quarter, up 33% from last year’s levels. IPod sales increased by 21% to 9.8 million units. A total of 270000 iPhones were sold within two days. Fourth quarter projections were conservative with revenue at $5.7 billion and EPS at 65 cents. |
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