SanDisk First Quarter Earnings Call
Jun 30, 2:32 AM EDT |
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| The company reported a loss of $575,000 from a profit of $35.1 million a year ago, as higher costs offset revenue growth and squeezed margins. |
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| The revenue of the flash memory product maker grew 26% to $786.1 million from $623.3 million a year ago, on higher product sales and revenue from licenses and royalties. The cost of revenue increased 48% to $570.1 million. SanDisk and Hynix announced a patent cross license and product supply agreement. In Q2, the company is forecasting royalty revenue in the range of $95 million to $100 million. |
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Pacific Sunwear of California First Quarter Earnings Call
Jun 29, 11:24 AM EDT |
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| The company reported a loss of $5.06 million due mostly to weaker-than-expected sales in April. |
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| The specialty retailer of apparel and footwear catering to teens and young adults reported revenue increase of 7% to $320.6 million, which exceeded the analysts’ expectations of $308.1 million. Lease termination charges and additional inventory impairment costs for the closure of 74 demo brand stores accounted for 3 cents per share of the loss. Same-store sales declined 1.2% year over year. In Q2, per-share earnings are expected to be 18 cents to 20 cents. |
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Florida Rock Industries Second Quarter Earnings Call
Jun 28, 3:16 PM EDT |
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| The company earned $26.2 million, or 39 cents per share, down from $57.8 million, or 86 cents per share a year ago. |
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| The provider of sand, gravel and crushed stone to the construction industry said that the declining sales volume and lower sales prices for cement and concrete blocks negatively affected the latest quarter results. Revenue declined to $249.4 million from $364.1 million a year ago. The management is encouraged by the upward trends in Florida but expects volumes to continue to trail last year''s numbers, until residential construction recovers, |
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Bebe Stores Third Quarter Earnings Call
Jun 28, 9:20 AM EDT |
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| Profit decreased 2.8% to $12.9 million from $13.3 million last year as costs offset revenue growth. |
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| The designer and retailer of women’s apparel reported revenue increase of 16% to $154.4 million, which failed to meet the analysts’ expectations of $152.4 million. Same-store sales decreased 0.4%, compared with an increase of 4.7% in the prior year period, which excludes an additional week in fiscal January 2007. Gross margin fell to 45.3%, attributing the decline to lower merchandise margins from lower-than-expected sales and higher markdowns. In Q4, effective tax rate is expected to be 36.1%. |
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Cemex SAB de CV First Quarter 2007 Eranings Call
Jun 27, 4:12 PM EDT |
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| The company’s net sales were $4.3 billion, up 9% from a year earlier. EBITDA grew 6% to $868 million compared to the same period in 2006. |
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| The global building-solutions company said that excluding one-time antidumping settlement proceeds from 2006, profits rose 12%. The management attributed the good performance in the quarter to higher cement and aggregates volumes, and better supply-demand dynamics in most of the company’s markets. While sales in Mexican and foreign markets continued to be strong, net sales in the United States decreased 20%. |
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Interactive Data First Quarter Earnings Call
Jun 27, 2:56 PM EDT |
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| Net income was $25.6 million or 27 cents per share in the first quarter of 2007, up 29.2% from $19.8 million or 21 cents per share a year ago. |
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| The global provider of financial market data, analytics and related services reported revenue of a $162.5 million in the first quarter 2007, up 13.3% from a year ago. The company attributed the growh to the expansion within its Pricing and Reference Data, Real-Time Services and eSignal businesses. The company paid its first ever quarterly dividend and announced a new acquisition of Xcitek’s market data businesses for $25.3 million in cash, all from operations generated cash flows. |
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Chiquita Brands International First Quarter Earnings Call
Jun 27, 9:46 AM EDT |
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| Results were lower than a year ago, due to costs related to getting out of unprofitable farm leases in Chile. |
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| The company reported revenue increase of 3% to $1.2 billion, in line with analysts’ expectations. The company grew volume while maintaining premium market position and profitability in its European banana business despite last year''s regulatory changes that increased tariffs. Chiquita has signed agreements to sell its 12 refrigerated cargo vessels for $227 million. Net income for the banana segment increased 8% to $523 million, but operating income for the segment was $33 million. |
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McDermott International First Quarter Earnings Call
Jun 26, 11:09 AM EDT |
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| Government Operations and Power Generation Systems increased income by 31.8% and 57.8%, respectively, while unallocated corporate expenses declined. |
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| The engineering and construction company reported revenue of $1.4 billion from $644.9 million last year. Revenues in the Offshore Oil & Gas Construction segment increased 86% due to strong industry demand. The company received a contract worth more than $250 million from American Electric Power Co. Inc. to design and build a 600-megawatt coal-fired boiler and environmental control equipment. Unallocated corporate expenses were $6.9 million, related to lower stock based compensation expenses. |
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Fording Canadian Coal Trust First Quarter Earnigs Call
Jun 26, 9:12 AM EDT |
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| The Trust reported cash distribution of 53 cents per unit in the first quarter 2007, down from C$1.37 per unit in same period a year earlier. |
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| Net income from continuing operations was C$77 million in the first quarter compared with C$165 million a year ago. The average realized coal price in the quarter was C$124 per tonne (US$105) down from C$152 per tonne (US$122) a year ago. Coal sales volumes of 2.8 million tonnes for the first quarter were 10% lower than 2006 levels. Elk Valley Coal''s unit cost of product sold rose by 19% to $45.80 per tonne for the first quarter of 2007 compared with $38.60 a year earlier. |
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Schering-Plough First Quarter Earnings Call
Jun 25, 2:51 PM EDT |
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| After payment of preferred dividends, profit grew to $543 million, or 36 cents per share from $350 million or 24 cents per share a year ago. |
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| First-quarter profit jumped 55% from a year ago as sales of Remicade, Vytorin and Zetia drove total sales up 17% to $2.98 billion from $2.55 billion last year. Revenues from allergy drugs also climbed, with Nasonex up 24% to $284 million, and Clarinex up 28% to $204 million. The management added that the pipeline of products in development is increasing. |
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