Bed Bath & Beyond Earnings Call, First Quarter 2008
Jun 26, 5:20 AM ET |
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| The housewares retailer said first-quarter profit dropped 27% on narrower margins, while same-store sales in the quarter rose 0.8%. |
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| The company earned $0.30 per share in the fiscal quarter ended May 31, 2008 compared with earnings of $0.38 per share a year ago. Gross profit margin shrank to 39.7% from 41.5%. The company has been trying to strengthen its international operations, opening its first store in Canada and investing $4 million in a joint venture with Home & More SA de CV, a Mexican housewares retailer. |
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TIBCO Software Earnings Call, Second Quarter 2008
Jun 26, 12:18 PM EDT |
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| The company lowered its fiscal 2008 guidance hurt by the macroeconomic slowdown and disappointing second quarter sales in the Americas. |
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| Total revenues were $150 million, resulting in year-over-year growth of 15%. License revenues were $57.7 million, up 5% on a year-over-year basis and fully-taxed non-GAAP earnings per share for the quarter were $0.07 versus $0.07 a year ago. The business software maker said it expects fiscal third-quarter revenue of $151 million to $157 million and earnings of 7 cents to 8 cents a share, excluding special items. |
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Research In Motion Limited Earnings Call, First Quarter 2009
Jun 30, 4:15 PM EDT |
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| The tax rate was approximately 27.5%, lower than forecast, primarily due to the impact of foreign exchange relating to certain balance sheet items. |
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| Revenue grew more than 100% to $2.24 billion. Handheld devices represented $1.84 billion, or 82% of RIM''s revenue, up from 81% of total revenue in the previous quarter. Approximately 4.2 million new devices were activated, either for new customers or for replacements and upgrades, not including phone only sales. Gross margin was approximately 51%, in line with expectations. In Q2, the company is forecasting revenue to be in the range of $2.55 billion to $2.65 billion. |
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Oracle Earnings Call, Fourth Quarter 2008
Jun 30, 2:39 PM EDT |
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| Revenue rose to $7.24 billion from $5.83 billion a year ago, boosted by gains in both database and applications software. |
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| Net income rose to $2.04 billion from $1.6 billion in the same period a year earlier. Operating margin was 41%, vs. 39% during the same quarter of 2007. Geographically, the company grew technology license revenues 16% in the Americas, 42% in EMEA, and 6% in APAC. In Q1, new software license revenues are expected to be up 10% to 20% year over year; total revenue is expected to be up 18% to 20% year over year on a non-GAAP basis. |
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Paychex Earnings Call, Full Year 2008
Jun 30, 12:52 PM EDT |
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| Paychex leveraged resources to achieve solid financial results during a period of steadily declining interest rates and a weakening economy. |
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| The provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses reported revenues of $2.1 billion, up 10% from $1.89 billion in the prior year on strong payroll and human resources revenue. As a result, net income rose 12% to $576.1 million or $1.56 a share, from $515.4 million or $1.35 in 2007. Weaker economic conditions impacted selling efforts as new business formation was significantly reduced by the credit crunch. |
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KB Home Earnings Call, Second Quarter 2008
Jun 30, 12:44 PM EDT |
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| As markets stabilize, the firm expects to reload the pipeline with lower cost lots at a competitive advantage to expedite return to profitability. |
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| The homebuilder reported revenues of $639.1 million, down 54% from $1.41 billion in 2007 as housing market conditions remained difficult for the homebuilding industry, with inventories of unsold homes expanding as foreclosures rise to record highs, and consumer confidence continuing to deteriorate amid signs of weakness in the general economy. As a result, the firm reported a net loss of $255.9 million or $3.30 a share, from a net loss of $148.7 million or $1.93 a share in the prior year. |
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Accenture Earnings Call, Third Quarter 2008
Jun 27, 2:41 AM ET |
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| The firm is continuing to invest in technological innovation and expanding skills and capabilities through both organic and tactical acquisitions. |
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| The consulting firm reported revenues of $6.1 billion, an increase of 20% in from $5.08 billion in the prior year due to increases in both outsourcing and consulting revenues. Consequently, operating income rose 27% to $862 million or 74 cents a share reflecting a 14.1% operating margin, from $682 million or 54 cents a share in 2007. The solid bookings achieved demonstrate continued global demand for Accenture’s services. |
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Lennar Earnings Call, Second Quarter 2008
Jun 30, 12:32 PM EDT |
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| The housing market continued to experience growth in inventory levels, depressing home prices and restricted the ability to sell those homes. |
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| The homebuilder realized a loss of $121 million, or 76 cents a share, up 51% from a net loss of $244million, or $1.55 a share in 2007 as revenues from home sales decreased 62% to $1 billion. Revenues were lower primarily due to a 58% decrease in the number of home deliveries and an 8% decrease in the average sales price of homes delivered. Lennar projects further deterioration in overall market conditions. |
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Walgreen Earnings Call, Third Quarter 2008
Jun 30, 3:37 AM EDT |
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| The company posted a 2% increase in profit as a weak U.S. economy and slowing growth in demand for prescription drugs muted sales. |
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| Sales rose 9.6% to $15.01 billion. Same-store sales rose 3.4%, including increases of 2.7% for prescription drugs and 4.6% for nonprescription items. Earnings suffered because of a $16.1 million inventory-related charge, while in the year-earlier period, the company had an inventory gain of $3.5 million and a $13.5 million tax credit. Gross profit dollars increased 9.3%, slower than the year-ago quarter’s 16% increase that was aided by blockbuster generic drug introductions. |
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Red Hat Earnings Call, First Quarter 2008
Jun 30, 3:15 AM EDT |
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| Net profit rose to $17.3 million as costs for stock-based compensation and taxes weighed on results. |
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| Revenue was $156.6 million compared to $118.9 million last year. Subscription revenue continued to grow rapidly resulting in $130.7 million in subscription revenue or greater than 7% sequential growth. Non-GAAP operating expense came in at $100.4 million, up $7.9 million from last quarter, due to the spending of sales, marketing and engineering offsetting some reduction in G&A. For Q2, revenue is estimated to be between $162 million and $164 million. |
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