International Speedway Earnings Call, Third Quarter 2008
Oct 13, 8:03 AM ET |
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| Consumer led downturn, evidenced by lower attendance and track spending was offset by healthy spending by corporate marketing partners. |
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| The promoter of motorsport activities reported a 9% rise in sales to $213 million as income rose to $39 million, or 79 cents a share, as 2007 results were impacted by a loss in equity investments. The process of securing deals has become more time consuming, given the current economic challenges. |
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General Electric Earnings Call, Third Quarter 2008
Oct 13, 8:01 AM ET |
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| A strong backlog, global position and multiple revenue streams cushions firm against the worst of the credit crisis. |
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| The diversified technology, media and financial services company realized an 11% rise in revenues to $42.5 billion on strong industrial sales. Income of $4.3 billion or 45 cents a share was however, down 12%. GE has taken proactive steps to reduce leverage and improve liquidity. |
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Yum! Brands Earnings Call, Third Quarter 2008
Oct 13, 7:59 AM ET |
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| Credit crisis in the U.S. slowed down the timeline for refranchising transactions but has not halted them. |
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| The restaurateur reported 11% revenue growth to $2.84 billion from $2.56 billion in 2007, pushing income 5% up to $282 million or 60 cents a share. The credit crunch has not dampened international development machine, as Yum self-funds China growth and leverages the well-capitalized franchisees. |
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Global Payments Earnings Call, First Quarter 2009
Oct 13, 7:57 AM ET |
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| Firm focuses on expanding its footprint internationally and continues to look for additional opportunities. |
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| The provider of electronic processing services reported a 30% increase in revenue to $405.8 million driven by driven by successful pricing initiatives, pushing EPS up 31% to 71 cents. The firm raised both its revenue and earnings guidance on a positive outlook. |
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Bank of America Earnings Call, Third Quarter 2008
Oct 12, 3:10 PM ET |
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| Third-quarter profit fell to $1.18 billion, or 15 cents per share, from $3.7 billion, or 82 cents per share, a year earlier. |
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| Bank of America posted 68% lower quarterly earnings and halved its dividend to 32 cents per share. Net interest income increased 33% to $11.92 billion from $8.99 billion a year earlier. Noninterest income rose 7% to $7.98 billion. |
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Ruby Tuesday Earnings Call, First Quarter 2009
Oct 12, 9:56 AM ET |
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| The weaker economy, housing crisis, and high energy prices was amplified in a significant drop in the bottom line. |
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| The restaurateur reported a 97% drop in income to $285 000 or 1 cent on weaker margins and revenue decreasing 6.6% to to $324 million. Management is managing the business for the long term with a sense of urgency to stabilize same-restaurant sales and continuing the focus on paying down debt. |
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Alcoa Earnings Call, Third Quarter 2008
Oct 09, 3:08 PM ET |
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| Earnings were $268 million, or 33 cents per share, compared with $555 million, or 63 cents per share, during the same period last year. |
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| Alcoa added that last year results included a net gain of 25 cents per share for the sale of the stake in Chalco. Revenue slid 2% from a year ago to $7.23 billion. Aluminum prices have dropped 32% from an all-time high in July. Alcoa expects all of its North American markets to decline this year. |
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Saks Earnings Call, Second Quarter 2008
Oct 08, 9:56 AM ET |
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| The retailer lost $31.7 million, or 23 cents per share, compared with a net loss of $24.6 million, or 17 cents per share, in the year-ago period. |
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| The retailer saw a wider-than-anticipated loss for the latest quarter with revenue down 3.5% from a year ago to $669.2 million. Saks expects 2008 operating margins, excluding certain items, to drop below 2007 levels. Same-store sales are expected to be from unchanged to down by low-single digit percentages for the second half of the fiscal year. |
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Research In Motion Earnings Call, Second Quarter Fiscal 2009
Oct 07, 11:12 AM ET |
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| Gross margin for the second quarter was 50.7%, in line with our expectations. The management reported that Q2 fiscal 2008 gross margin was 51.3%. |
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| The leading designer, manufacturer and marketer of innovative wireless solutions generated Q2 revenues of $2.58 billion, an increase of 15% from the second quarter fiscal 2008. The management reported that devices made the largest revenue contribution of 82% and the company shipped about 6.1 million devices in the quarter. The net income for the quarter was $495.5 million compared with $482.5 million in the prior quarter and $287.7 million on the previous year quarter. |
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The Buckle Earnings Call, Second Quarter 2008
Oct 05, 9:56 AM ET |
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| The apparel company earned $22.3 million, or 72 cents per share compared with a year-ago profit of $11.8 million, or 38 cents per share. |
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| The Buckle said that its quarterly profit surged 89%, same-store sales increased nearly 30%. Revenue jumped 37% to $169.8 million, up from $124.3 million a year earlier. Latest quarter results included a $3 million gain, worth 6 cents per share in the quarterly numbers, from an insurance payout. |
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