Gannett Third Quarter Earnings Call
Dec 27, 6:36 AM EST |
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| Profit fell to $234 million, fueled by slumping real-estate ads and a tough comparison to year-ago results boosted by heavy political advertising. |
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| The newspaper publisher reported revenue decrease of 3.8% to $1.81 billion, as advertising revenue slipped in all categories. Local, national and classified ad revenue each fell, leading to a 4.8% drop in total ad revenue to $418.8 million in September. Results at Newsquest were stronger than they have been in some time. Revenue in television stations and related assets fell 3.4% to $189.5 million on lower sales of political ads. The company expects the real estate slump to continue into 2008. |
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FedEx Second Quarter Earnings Call
Dec 27, 5:28 AM EST |
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| The higher fuel costs pushed the earnings down to $479 million or $1.55 per share from $511 million or $1.65 per share in the prior year. |
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| The provider of transportation and business services reported revenue of $9.5 billion, a growth of 6% over the previous year, on continued growth in FedEx Express International Priority, FedEx Express International Domestic and FedEx Ground. During the quarter, FedEx experienced roughly 23% increase in fuel costs. With effect from January 7, 2008, the firm will implement a 6.9% average list price increase on FedEx Express US Domestic and US Outbound Express Package and Freight Shipments. |
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Micron Technologies First Quarter Earnings Call
Dec 27, 2:50 AM EST |
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| Revenues were relatively flat at $1.54 billion, from $1.53 billion in 2006 as both DRAM and NAND were under significant price pressure. |
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| The providers of advanced semiconductor solutions incurred a net loss of $262 million, or 34 cents per diluted share, compared to a net profit of $115 million or 15 cents a share in the prior year due to capacity expansions occurring industry wide. The firm is now in volume production of DDR3 devices for next generation computing applications and recently announced its entry into the solid state drive market with a variety of SLC and MLC based serial interface drives. |
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Red Hat Third Quarter Earnings Call
Dec 27, 2:45 AM EST |
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| Net income was up 12% to $20.3 million or 10 cents a share from $18.2 million or 7 cents a share in 2006 in 2006 on strong revenue growth. |
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| The provider of open source solutions reported a 28% increase in revenues to $135 million, reflecting strong global demand for products and services and outstanding execution by associates. The firm has been increasing its direct sales presence, increasing channel sales activities, and improving global sales processes. The outlook looks bright as the firm increases its revenue guidance. |
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Oracle Second Quarter Earnings Call
Dec 26, 3:37 PM EST |
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| Net income in rose 35% to $1.3 billion, or 25 cents per share, from $967 million, or 18 cents a share, a year earlier. |
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| Profit of the software maker excluding items was 31 cents per share. Revenue increased 28% from a year ago to $5.3 billion. New software sales climbed 38% to $1.7 billion in the latest quarter, led by a 63% growth in business management applications. Database and middleware sales increased 28%. Oracle forecast new software license revenue would jump 15% - 25% in the third quarter. Oracle also guided EPS excluding items of 29 cents or 30 cents. |
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Carnival Fourth Quarter Earnings Call
Dec 26, 12:49 PM EST |
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| Due to higher fuel prices, the net income dropped to $358 million from $416 million in the prior year quarter. |
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| The cruise operator reported revenue of $3.1 billion as against $2.8 billion, on 4.9% net revenue yields in current dollars. In the quarter, Carnival took delivery of 90,000 ton Queen Victoria for its Cunard brand and it has ordered six new ships, five for European brands and one for its North American brand. The firm repurchased 5 million shares at a cost of $220 million and increased its dividend by 5 cents per share or the equivalent of 20 cents per share on an annual basis. |
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Hovnanian Enterprises Fourth Quarter Earnings Call
Dec 26, 11:09 AM EST |
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| The loss position dropped to $461 million or $7.42 a share from $118 million or $1.88 a share in 2006 as the housing market remained weak. |
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| The national homebuilder reported a 20.3% decrease in revenues to $1.4 billion as delivered homes decreased 22% to $1.3 billion in sales value. The firm remains focused on generating cash and strengthening the balance sheet by reducing debt and inventory levels while reducing operating and overhead costs to prevent further contraction in margins. Management resolved to forfeiting dividend payments on the non-cumulative perpetual preferred stocks in 2008. |
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Jabil Circuit First Quarter Earnings Call
Dec 25, 4:27 AM EST |
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| Aided by strong sales, the net income increased 50% over the previous year to $62 million or 30 cents a share. |
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| The provider of electronic manufacturing services and solutions reported revenue of $3.4 billion as against $3.2 billion in the prior year quarter. Jabil Circuit, which is undergoing a restructuring program, incurred charges of approximately $9 million. The company has entered into an agreement to lease two manufacturing facilities in Italy from Nokia Siemens Networks to produce GSM and the Radio Access products, microwave devices for wireline, and wireless networks. |
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CarMax Third Quarter Earnings Call
Dec 24, 11:19 AM EST |
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| The net earnings fell 34% to $29.8 million or 14 cents per share versus $45.4 million or 21 cents per share in the third quarter of last year. |
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| The retailer of used vehicles reported that the revenue grew to $1.89 billion from $1.77 in prior year. During the quarter, CarMax witnessed flat comparable store used unit sales, reflecting the combination of the near-term decline in consumer confidence and a slowing sales pace for the automotive retail industry. The auto finance division of the firm experienced 49% fall in income to $16.3 million, due to wider spreads and higher swap unwind costs related to 2007-3 public securitization. |
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Bear Stearns Fourth Quarter Earnings Call
Dec 24, 4:51 AM EST |
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| Bear Stearns reported a loss of $854 million, as the firm continues to stagger from the collapse in subprime. |
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| Bear Stearns reported negative revenue of $379 million versus $2.4 billion a year ago. The company wrote down about $1.9 billion in mortgage inventory net of hedges, which reduced earnings by $8.21 a share. Bear Stearns has laid off about 900 workers and announced plans to cut an additional 650 jobs. Compensation expenses were $326 million, down 69% from $1.1 billion in the 2006 quarter. |
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