ZipRealty First Quarter Earnings Call
May 30, 12:57 PM EDT |
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| Profit margin contribution of the unit level expanded by 160 bases points over last year to 14.4% in the first quarter, compared to 12.8% last year. |
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| The real estate company experienced a pro forma earnings loss of $2.3 million for the first quarter or 10 cents per basic share, versus the loss of 9 cents per share a year-ago. This excludes the effect of non-cash income taxes and stock compensation expense. Overall net revenues increased by 21.7% from a year ago quarter to $23.4 million, excluding $700,000 of referral and other income. The company anticipates revenues for the fiscal year of between $105 million and $110 million. |
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Gap First Quarter Earnings Call
May 30, 9:29 AM EDT |
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| Profit decreased 26% to $178 million from $242 million last year due to decline in same-store sales and margins. |
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| The specialty retailing firm reported 3.6% revenue increase to $3.56 billion from $3.44 billion last year, which exceeded analysts’ expectations of $3.48 billion. Excluding the loss associated with the closure of Forth & Towne stores, the company posted a profit of 25 cents a share. Same-store sales fell 4% compared to a 9% decline a year earlier. The company still expects 2007 EPS of 76 cents to 86 cents a share, or 80 cents to 90 cents a share excluding Forth & Towne''s expected loss. |
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Kohl’s First Quarter Earnings Call
May 28, 9:47 AM EDT |
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| Net income rose 24.9% to $209 million from $167.2 million last year on strong sales throughout stores. |
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| Kohl’s departmental stores reported revenue increase of 11.8% to $3.6 billion from $3.2 billion a year ago, almost in line with the analysts’ expectations of $3.56 billion. Same-store sales rose 3.9%. Gross margins improved to 36.9% of sales from 36.1% last year, helped by private-label merchandise and exclusive goods. Kohl''s raised its full-year guidance for earnings per share to a range of $3.75 to $3.87, from a range of $3.68 to $3.84. |
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Lowe's First Quarter Earnings Call
May 28, 9:44 AM EDT |
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| Net sales rose 2.1% to $12.172 billion, versus $11.921 billion in the year ago period. Same store sales fell 6.3%, versus the year ago period. |
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| Lowe''s home improvement retailer posted a 12.1% fall in net earnings to $739 million, versus $841 million in Q1 2006. Quarterly sales were hurt by mixed weather and a continued housing slump. The company repurchased 22 million shares for a price of $700 million in the quarter. Lowe''s opened 15 new stores during the quarter. Second quarter earnings per share are anticipated between 62 cents and 64 cents and total sales are expected to increase 6% to 7%, versus the prior year period. |
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J.C. Penny First Quarter Earnings Call
May 24, 9:38 AM EDT |
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| Net sales rose 3.1% to $4.35 billion, over $4.22 billion in the year ago period on comparable department store sales increase of 2.2%, versus Q1 2006. |
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| American retailer J.C. Penney posted a 13.3% rise in net income to $238 million, versus $210 million in Q1 2006. The strategy of providing high profitability private-label brands, which account for nearly half of the company''s sales, helped gross profit margins rise to 41.5% from 40.8% in Q1 2006. The firm plans to roll out a new line of clothing and home items called American Living designed by Polo Ralph Lauren next year. Second quarter earnings per share are expected at 77 cents. |
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Zale Third Quarter Earnings Call
May 23, 9:33 AM EDT |
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| There was a net loss of $3.1 million as bad weather before Valentine's Day decreased sales. |
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| The retailer of jewelry reported earnings loss of 6 cents per share compared to a profit of 35 cents per share a year ago, failing to meet the analysts’ expectations of a loss of 10 cents per share. The loss includes a reduction of $6.9 million, or 14 cents a share, because of a decline in revenue related to a change in accounting for a jewelry protection plan. Same store sales dropped 3.4%. In Q4, Zale expects a loss of between 1 cent and 5 cents a share, excluding items. |
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Sony Fiscal 2006 Earnings Call
May 23, 8:39 AM EDT |
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| Loss widened to 67.6 billion yen from 66.5 million yen on massive costs for the new PlayStation 3 game machine. |
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| Sony reported revenue increase of 10% to 8.3 trillion yen. The company recorded a 51.2 billion yen provision for charges related to the notebook computer battery pack recalls and subsequent global replacement programs. Sony Eriksson saw profit and sales rise as it shipped 51% more cell phones from the previous year at 83 million handsets. In electronics sector, sales jumped, gaining 7% in Japan, 8% in the U.S., and 24% in Europe. |
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Playboy Enterprises First Quarter Earnings Call
May 22, 12:54 PM EDT |
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| The adult entertainment company earned $1.5 million, or 4 cents a share in the first quarter, up from $0.8 million, or 2 cents a share a year ago. |
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| The growth in licensing and the decline in some expenses helped Playboy double its quarterly profit. Operating income climbed 10% to $3.9 million while revenues increased 4% from a year ago to $85.4 million. Licensing revenue was up 77% to $7.7 million thanks to the higher consumer product sales and the venture with the Palms Casino Resort. Publishing posted an operating loss of $2.4 million with revenue down 1% to $23.3 million. |
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Intuit Third Quarter Earnings Call
May 21, 12:20 PM EDT |
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| The non-GAAP net income was $399 million or $1.13 per share versus $318 million, or 89 cents per share in the third quarter of 2006. |
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| The revenue of Intuit crossed the $1 billion mark for the first time, due to strong tax season, excellent performance in QuickBooks and acquisition of Digital Insight. The firm used $301 million to buyback $10.4 million shares during the quarter and announced an additional $800 million for future share repurchases. The firm expects annual revenue growth of approximately 15% and projects full year revenue in the range of $2.685 billion to $2.7 billion. |
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Estee Lauder Third Quarter Earnings Call
May 19, 9:18 AM EDT |
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| Quarterly net sales rose 7.1% to $1.69 billion, versus $1.578 billion in the prior year period, boosted by strong sales of new skin-care products. |
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| Estee Lauder, manufacturer of skin care and makeup products, reported that its quarterly net earnings rose 57.8% to $93.9 million, versus $59.5 billion in Q3 2006. More than half of quarterly sales and operating income was generated outside the U.S. from a mix of established and emerging markets. During the quarter, the firm repurchased approximately 16 million shares for $750 million. Fiscal 2007 net sales are expected to grow between 6% and 7% in constant currency, versus fiscal 2006. |
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