Global Payments Third Quarter Earnings Call
Mar 31, 3:48 PM EDT |
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| Revenue grew 19% to $310 million, driven by solid performance in merchant services segment. |
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| Electronic transactions services company’s revenue increased of 19%, to $310.6 million from $260.4 million, failing to meet the analysts’ expectations of $300.9 million. In Canada credit and debit card transactions grew 3% while revenue grew 12% as anticipated. Domestic, indirect and other revenue declined 8% as anticipated primarily due to industry consolidation. The company expects a 2008 profit of $1.95 to $1.97 a share on revenue of $1.25 billion to $1.26 billion. |
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Jabil Circuit Second Quarter Earnings Call
Mar 31, 3:49 PM EDT |
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| The results were hampered by restructuring charges, which rose to almost $42 million. |
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| The electronics contract manufacturer’s revenue 4% to $3.1 billion from last-year''''s $2.9 billion. Exlcluding one-time items, core earnings were $42 million, or 20 cents a share. Cash and cash equivalents were $531 million, $133 million lower than the previous quarter, reflecting the repayment of $150 million on revolving credit facility. The company expects Q3 revenue to be between $3.05 billion and $3.15 billion, down from analysts forecasts of $3.26 billion. |
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Lennar First Quarter Earnings Call
Mar 31, 6:36 AM EDT |
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| The company reported loss as both deliveries of new homes and new orders tumbled. |
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| Revenue, which includes its financing operations, fell 62% to $1.1 billion, which fell 5% short of the forecasts. Revenue from home building plunged 64% in the period to $953.1 million from $2.6 billion a year ago. The company saw the average sales price of one of its homes fall 8% to $278,000, partly due to higher sales incentives it needed to offer to maintain demand. The average incentive on one of its homes reached $48,000, up $2,500 from a year earlier. |
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Oracle Third Quarter Earnings Call
Mar 31, 3:51 AM EDT |
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| The earnings were $1.34 billion or 26 cents per share as against $1.03 billion or 20 cents per share in the previous year. |
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| The leading enterprise software company reported revenue of $5.35 billion, an increase of 21% over prior year, but below the analysts’ expectations. Oracle expects to close the $8.5 billion BEA Systems’ acquisition in Q4, when it anticipates to receive clearance in Europe. In Q3, the company bought back about 24 million shares at an average price of $20.64. For fourth quarter, the firm expects revenue to grow 15% to 19% on GAAP basis over the prior year. |
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Ritchie Bros. Auctioneers Fourth Quarter Earnings Call
Mar 31, 3:42 AM EDT |
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| The company achieved an all-time high Gross Auction Proceeds (GAP) of $2.72 billion, an increase of 30% from last year’s figure of $2.1 billion. |
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| The world’s largest auctioneer of industrial equipment finished fiscal 2006 with net earnings of $57.2 million, or $1.64 per diluted weighted average share, representing a 7% increase versus 2005 net earnings of $53.6 million, or $1.54 per diluted weighted average share. Over the past four years, GAP has grown at 13%, 15%, 17% and the current 30%, despite the management rating a more sustainable GAP growth of 10% per year. The long-term average EPS growth remains at 15% per annum. |
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Adobe Systems First Quarter Earnings Call
Mar 28, 7:30 AM EDT |
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| Adobe reported strong Q1 revenue and earnings, aided by continued demand for Creative Suite 3 (CS3) and Acrobat products. |
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| The company posted quarter GAAP net income of $219.4 million versus $143.9 million in the first quarter fiscal 2007, and $222.2 million in the fourth quarter fiscal 2007. The headcount rose from 6,794 at the end of fourth quarter fiscal 2007 to the current quarter level of 7,037, with the most part of the increase relating to R&D. Adobe Systems now forecasts second quarter revenues to be in the range of $855 million to $885 million and EPS target is in the range 35 cents to 37 cents. |
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Darden Restaurants Third Quarter Earnings Call
Mar 28, 6:39 AM EDT |
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| The company declared a quarterly dividend of 18 cents per share, as its brands continue to outperform industry results in a difficult environment. |
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| The world’s largest full service restaurant company reported sales increase of 25% from $1.45 billion in the year ago quarter to $1.81 billion in the current year quarter. This was due to the addition of LongHorn Steakhouse and The Capital Grille as well as strong new and same-restaurant sales growth in Olive Garden. The quarter EPS, including discontinued operations, were 88 cents versus 72 cents last year quarter. The management expects net EPS growth of 2% to 4% in the fiscal year 2008. |
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XL Capital First Quarter Earnings Call
Mar 28, 5:25 AM EDT |
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| The net income was $549.7 million or $3.06 per share compared with net income of $458.5 million, or $2.56 per share in prior year. |
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| The provider of insurance and reinsurance services reported that the total net investment income for the quarter increased to $553.1 million while net income from investment and operating affiliates was $176.0 million. During the quarter, underwriting results in Insurance were strong and Reinsurance results were solid despite losses from Windstorm Kyrill. During the quarter, XL Capital repurchased 3.17 million ordinary shares at an average price of $69.82 per share. |
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Church & Dwight Fourth Quarter Earnings Call
Mar 27, 3:55 AM EDT |
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| Net income was $23.9 million or 36 cents per share, an increase of 11 cents per share from the prior period's net income of $16.2 million or 25 cents |
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| Net sales were $526.1 million, a $94.8 million or 22% increase over last year''s $431.3 million. This year''s sales include two businesses acquired since November 2005, the SpinBrush battery-powered toothbrush business and the Orange Glo International (OGI) laundry additive and household cleaners business. Marketing expense was $66.5 million, a $23.8 million increase over the prior period largely due to the acquired businesses. Gross margin was 38.8% compared to 32.5% in the prior period. |
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Del Monte Foods Third Quarter Earnings Call
Mar 27, 1:53 AM EDT |
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| Net profit increased to $53.3 million or 26 cents a share as against $46.5 million or 23 cents a share, on higher prices. |
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| The retailer of branded foods and pet products reported revenue of $1 billion, an increase of 10% from $907.2 million. Aiming to control the negative impact of the steep increase in the commodity costs as well as fish cost, the company has raised the prices of most of its products. Year-to-date, the firm has announced price increase across approximately 70% of its portfolio. The firm is reiterating fiscal 2008 EPS guidance of 64 cents to 68 cents, including 8 cents for transformation costs. |
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