Jabil Circuit Fourth Quarter Earnings Call
Sep 30, 5:15 PM EDT |
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| The company reported profit to $11.7 million from a loss of $45.6 million last year as revenue grew and operating margins rose substantially. |
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| The electronics contract manufacturer reported revenue increase of 6% to $3.13 billion, surpassing analysts’ expectations of $3.01 billion. Excluding one-time items, core earnings totaled $59.9 million, or 29 cents a share. 7 cents per share dividend was paid on September 1, 2007. For Q1, the company forecast earnings of 9 cents to 13 cents per share, adjusted earnings of 33 cents to 37 cents per share and revenue of $3.3 billion. |
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Accenture Fourth Quarter Earnings Call
Sep 30, 4:27 PM EDT |
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| Profit decreased 9% to $316.8 million, absent a hefty year-ago tax benefit. |
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| Management and technology consultant reported revenue increase of 27% to $5.57 billion, exceeding analysts’ expectations of $4.9 billion. The company achieved double-digit revenue growth in U.S. dollars and growth in local currency across all of operating groups and geographies. The effective tax rate was 37%, due to a shift in income between countries. For 2008, profit is expected between $2.21 and $2.26 per share on revenue growth between 9% and 12%. |
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Getty Images Second Quarter Earnings Call
Sep 30, 4:25 PM EDT |
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| Income rose 45% from $23 million, or 37 cents a share in 2006, to $34 million, or 56 cents a share, as decline in restructuring costs. |
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| The creator and distributor of visual content reported a 6.5% rise in revenue to $218 million following strong sales in America and the EMEA region as it scores good progress with newer businesses such as commercial music licensing. The job restructuring is expected to result in annualized savings of $20 million. However, the firm reduced its revenue expectations for the second-half of 2007 reflect lower outlook of the traditional Creative Stills business. |
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HSBC Holdings Second Quarter Earnings Call
Sep 28, 7:09 AM EDT |
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| Profit increased 25% and the company said it didn't see any further rise in U.S. bad debts. |
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| HSBC Holdings said a 63% rise in loan-loss impairments, to $6.35 billion, was more than compensated by an excellent performance across Asia, in corporate, investment banking and markets and commercial banking. There was a challenging environment for the personal business in Europe. Excluding a $1 billion gain on Chinese holdings, profit would have rose 13%. HSBC was helped by an unusually low 18.7% tax rate. |
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Red Hat Second Quarter Earnings Call
Sep 27, 11:44 AM EDT |
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| Income rose 59% to $19 million, or 9 cents a share, from $12 million, or 5 cents a share in 2006 on the back of strong revenue growth. |
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| The open source solution provider reported a 28% growth in revenue to $127.3 million from $99.7 million in 2006, due to improved global sales channel performance and customer acquisition. In addition, overall operating performance continued as operational improvements initiated earlier in the year to help streamline the business and enhance internal systems and processes gain momentum. Third quarter revenues are expected to strengthen to $131 million. |
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Tektronix First Quarter Earnings Call
Sep 27, 11:42 AM EDT |
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| Sales were up 9% from $268 million in 2006 to $291.5 million, resulting in strong earnings and cash flow. |
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| The supplier of test, measurement, and monitoring products, solutions and services reported a 5% drop in orders to $242 million following order booking policy changes, market weaknesses in Japan and continued softness for Network Diagnostic Communications products. As a result, earnings remained flat at $20.1 million or 26 cents a share. A $345 million five-year, senior convertible notes were issued to strengthen the firm’s cash position and finance product development. |
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Joy Global Third Quarter Earnings Call
Sep 27, 11:35 AM EDT |
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| Profit decreased 61% to $72.9 million, as the prior year included a hefty accounting gain. |
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| The company’s revenue increased to $621.8 million, lifted by an 11% increase in surface mining unit growth. Sales at underground mining unit fell 1% hurt by continued softness in the Central Appalachia region of the U.S. The prior-year period included a gain of 90 cents per share related to a reversal of certain deferred tax asset valuation allowances and a penny per share gain for reorganization income. Revenues over the next 12 months are expected to be in the range of $2.6 to $2.8 billion. |
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Bed Bath & Beyond Second Quarter Earnings Call
Sep 27, 11:07 AM EDT |
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| Net income increased to $147 million, or 55 cents a share, from $145.5 million, or 51 cents, a year ago on a $5.8 million tax benefit. |
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| The home goods retailer’s latest quarter results include a $5.8 million benefit from tax items. Revenue jumped 10% from a year ago to $1.77 billion. Same-store sales increased 2.2% in the quarter slowing from a 4.8% growth in the same period a year ago. The company plans to repurchase an additional $1 billion shares, its fourth buyback plan since 2004. Bed Bath & Beyond plans to open 70 stores this fiscal year, including its first store in Canada. |
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Darden Restaurants First Quarter Earnings Call
Sep 27, 5:22 AM EDT |
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| Profit increased 20% to $105.9 million on strong same-store sales growth at its Olive Garden and Red Lobster locations. |
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| The restaurant chain operator’s revenue increased 7.9% to $1.47 billion from $1.36 billion last year. Same-store sales at the company''s U.S. Red Lobster restaurants rose 7%, while U.S. Olive Garden same-store sales rose 4.8 %t. Darden''s board of directors declared a quarterly cash dividend of 18 cents per share on the outstanding common stock, payable on Nov. 1, 2007. Darden still projects fiscal 2008 earnings-per-share growth of 10% to 12%, which implies a per-share profit of $2.78 to $2.83. |
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Zale Fourth Quarter Earnings Call
Sep 27, 5:20 AM EDT |
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| The company reported a profit of $1.5 million on a one-time tax benefit as the company benefited from higher profit margins. |
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| The Dallas jewelry retailer reported revenue of $488.2 million from $490.7 million a year ago, but still beat analysts'' estimate of $483.2 million. Same-store sales slipped 0.5%, which included Internet sales. The company extended the service period for jewelry protection plans offered to customers from two years to the lifetime of product ownership. 9 stores and 2 kiosks were opened. For 2008, Same-store sales are expected to increase between 1% and 2%. |
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