Satyam Computer Services Second Quarter Earnings Call
Oct 31, 5:44 PM EDT |
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| Profit rose to 4.09 billion rupees, helped by other income of 1.10 billion rupees. |
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| The software services exporter reported revenue increased 11% to 21.4 billion rupees ($539.51 million). Volume growth was at 9.1% year on year. The sales growth has been the strongest in six years, and Satyam has managed to counter the impact of a rupee that’s appreciated 12.5% against the dollar this year and 2% in the current quarter. Wages in India''s software sector are rising by about 10% to 15% a year. The company expects revenue to grow between 41.5% and 42% in 2008. |
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Pulte Homes Third Quarter Earnings Call
Oct 31, 3:04 PM EDT |
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| Profit swung to a loss of $787.9 million as the homebuilder recorded more than $1 billion in impairments and charges tied to the housing slump. |
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| Pulte Homes reported revenue, which includes mortgage services, sank 31% to $2.47 billion, beating analysts’ expectations of $2.38 billion. The company recorded a pretax accounting charge of $1.18 billion, or $3.33 per share, to reflect the decreasing value of the land it owns. Pulte sold 7,468 homes, a 28% decline. New orders fell 37% to 4,572, helping shrink the pipeline of new business to $4.1 billion from $5.8 billion a year ago. |
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Sony Second Quarter Earnings Call
Oct 31, 2:30 PM EDT |
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| Net income improved from ¥1.7 billion or ¥1.60 a share in 2006 to ¥73.7 billion or ¥70.09 a share due to previously incurred provisions. |
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| The electronics, gaming and entertainment firm reported a 12% rise in sales from ¥1.85 trillion in 2006 to ¥2.1 trillion, driven by strong sales gains across most segments. The Electronic segment continued to achieve significant growth in sales and profitability, while PS2 and PSP sales continue to be strong, resulting in increased unit sales forecast. The firm revised upwards its full year earnings forecast and is on track to achieve a six-fold increase in operating income. |
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Panera Bread Third Quarter Earnings Call
Oct 30, 5:12 PM EDT |
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| Profit rose 10% to $11.9 million as the company’s number of stores increased. |
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| Panera Bread reported revenue increase of 33% to $273.2 million, failing to meet the analysts’ expectations of $276.4 million. Results included tax benefit of 5 cents per share. System-wide comparable bakery-cafe sales increased 2.6%. Panera opened 35 bakery-cafes and closed two locations. Profit margins were hit by a customer shift away from soups, sandwiches, bread and bagels to higher-cost salads. Panera expects earnings of 53 cents to 59 cents per share in Q4. |
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AsiaInfo Third Quarter Earnings Call
Oct 30, 2:41 PM EDT |
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| Non-GAAP net income in the latest quarter increased 92% from a year ago and 23% sequentially. |
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| Net revenue at the provider of telecom software solutions and IT security products and services was $29.6 million, up 26% year-over-year, and up 11% sequentially. Gross margin was 50% vs. 43% in the year-ago period and 49% in the previous quarter. AsiaInfo expects fourth quarter 2007 net revenue to be in the range of $31 to $33 million, up 22% to 30% from a year ago, and net income from continuing operations per share to be in the range of 10 to 11 cents, up 100% to 120% from a year ago. |
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McGraw-Hill Third Quarter Earnings Call
Oct 30, 1:47 PM EDT |
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| Income rose 18% to $452 million or $1.34 driven by increased market share and solid performances in Financial Services. |
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| The global information services provider reported revenue of $2.2 billion, up 9.8% from the prior year on the back of increased share in the elementary-high school market. In addition, the firm also stepped up new product introductions; to take advantage of the new opportunities in an expanding market as reorganization to strengthen sales, marketing and product development initiatives begins to pay off. The Business Week was also redesigned and relaunched to appeal to a wider base. |
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Countrywide Financial Third Quarter Earnings Call
Oct 30, 10:37 AM EDT |
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| Revenues declined from $2.8 billion in 2006 to a negative $50 million reflecting the disruptions in the mortgage market. |
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| The financial services provider reported a loss $1.2 billion or $2.85 a share due to volatile market conditions despite being bailed out by Bank of America. The successful integration of the mortgage lending operations and the resulting change in the funding strategy for the core business represents an important paradigm change that will strengthen the business model and provides the foundation for enhancing competitiveness and risk reduction going forward. |
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Amazon.com Third Quarter Earnings Call
Oct 29, 2:42 PM EDT |
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| Earnings jumped to $80 million, or 19 cents per share, from $19 million, or 5 cents per share, during the same period a year ago. |
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| The web retailer’s revenue climbed 41% to $3.26 billion from $2.31 billion in the year-ago quarter. Sales on the U.S. and Canada sites increased 42% from a year earlier, while international sales jumped 40%. Thanks to the changes in foreign exchange rates in the latest three months sales increased by $75 million, accounting for about 3% of the overall sales growth. Gross margin dropped from 24.3% in the previous quarter to 23.4% percent in the third quarter. |
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EMC Third Quarter Earnings Call
Oct 29, 1:43 PM EDT |
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| Income rose 77% to $493 million or 23 cents a share due to net gains from the sale of shares in VMware to Cisco Systems. |
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| The developer of information infrastructure technology and solutions reported a 17% growth in revenues to $3.3 billion, from $2.8 billion in 2006, driven by strong execution across all business lines and geographies. The firm anticipates broad opportunities in the global marketplace, and will continue to drive profitable growth by furthering technology integration across the portfolio, investing in research and development, and expanding into the fastest-growing global markets. |
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Estee Lauder First Quarter Earnings Call
Oct 29, 11:03 AM EDT |
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| Sales rose 7% to $1.7 billion from $1.59 billion in 2006 as a result of benefits from foreign currency translations. |
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| The manufacturer and marketer of skin care, makeup, fragrance and hair care products reported a 33% decrease in earnings to $39.1 million or 20 cents a share as a result of structural costs associated with new door openings and costs associated with hiring and training. International operations remain an important driver of overall growth as a direct result of the long-term investment strategy. Numerous projects are in the pipeline to place products in untapped markets. |
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