Caterpillar Incorporation Fourth Quarter Earnings Call
Jan 29, 4:08 PM EST |
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| Revenues were up 10% to $12.14 billion from $11 billion in the prior year due to higher price realizations and improved volumes. |
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| The manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines recorded a 14% increase in net income to $975 million or $1.50 per share following an increase in sales and revenues due to strong growth outside North America. The firm’s broad global footprint has enabled it to benefit from strong economic growth outside the United States, as global markets for mining, energy and infrastructure development are booming. |
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Union Pacific Fourth Quarter Earnings Call
Jan 29, 11:04 AM EST |
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| Net income rose 4% to $491 million, or $1.86 a share, due to better operating productivity and benefits from a small insurance settlement. |
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| The transportation company reported a 6% growth in operating revenue to $4.2 billion as average revenue per car increased 6% year-over-year, with improvements in each of the six business groups following continued efforts to increase coal prices. The firm has been able to grow cash from operations to $3.3 billion and continues to take a balanced approach to the uses of cash with a combination of capital investments, dividend increases, and share repurchases. |
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Yum! Brands Fourth Quarter Earnings Call
Jan 29, 5:38 AM EST |
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| Net profit increased 8% to $824 million or $3.02 a share from $762 million or $2.66 a share due to continued innovation and creativity. |
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| The fast food firm achieved marginal revenue growth to $9.7 billion from $9.3 billion in 2006 led by continued international growth. The firm returned $1.1 billion through share buy backs and dividends. It will also continue building consistent value by focusing on executing its unique growth opportunities, i.e. building dominant restaurant brands in China, driving profitable international growth, improving U.S. brand positioning and returns and driving high ROIC and strong shareholder payout. |
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Lennar Fourth Quarter Earnings Call
Jan 29, 5:11 AM EST |
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| Lennar reported a wider quarterly loss, as home deliveries and new home orders halved amid a slowdown in the U.S. housing market. |
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| Revenue fell 51% to $2 billion as the number of homes sold, excluding unconsolidated joint ventures, dropped 49% to 6,810. The result includes a $7.50 per share charge related to valuation adjustments and other write-offs, the company said in a statement. Lennar reduced its debt by $318 million year over year, ending the quarter with $642.5 million in cash on its balance sheet. Lennar reached agreements with its lenders to amend the terms of its senior unsecured revolving credit facility. |
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Microsoft Second Quarter Earnings Call
Jan 29, 4:43 AM EST |
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| Profit rose to $4.7 billion boosted by strong computer sales that are driving sales of Windows operating system and Office software. |
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| Microsoft’s revenue increased 30% to $16.37 billion, beating analysts’ expectations of $15.94 billion. Microsoft posted strong sales of Windows Vista, helped by double-digit percentage growth rates in computer sales in the December quarter. The business division, which includes Office, brought in $4.81 billion in sales. Sales from the division responsible for the Xbox 360 game console and the Zune digital media player edged up 3% to $3.06 billion. |
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Fortune Brands Fourth Quarter Earnings Call
Jan 29, 4:21 AM EST |
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| Net profit fell to $201.5 million, hurt by one-time charges and the impact of the U.S. housing market downturn on sales of home products. |
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| Fortune Brands’ total sales rose less than 1% to $2.22 billion from $2.2 billion in the fourth quarter of 2006. Income from continuing operations was $1.22 per share, while earnings excluding one-time items were $1.43 per share. Hampered by the continued downturn in the U.S. housing market, sales from the company''s home and hardware unit fell 8% to $1.11 billion from $1.2 billion in the prior-year quarter. |
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AT&T Fourth Quarter Earnings Call
Jan 29, 4:12 AM EST |
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| The net income totaled $3.1 billion or 51 cents per share compared with $1.9 billion or 50 cents per share in the year-earlier quarter. |
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| The provider of telecommunication services reported revenue of $30.35 billion, a two-fold increase from $15.9 billion in prior year, reflecting the acquisition of BellSouth. The firm’s BellSouth and Cingular brand integration work is largely complete at this point and it expects substantial savings. AT&T has entered into a three-year marketing agreement with SAP America and will serve as SAP’s primary independent hosting services provider for business customers headquartered in North America. |
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Bank of America Fourth Quarter Earnings Call
Jan 28, 12:01 PM EST |
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| Net income fell 29% to $14.98 billion or $3.30 a share from the prior year as market dislocations and slowdowns in the economy impacted performance. |
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| The diversified financial services provider reported an 8% decrease in revenues to $68.07 billion from $73.80 billion a year earlier due to rate fluctuations, trading account losses, lower equity investment income and write-downs. Credit quality indicators deteriorated as weaknesses in housing and financial markets resulted in rising credit risk. During the year the firm acquired U.S Trust to serve wealthy clients and Lasalle Bank to expand its geographic footprint. |
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Harley-Davidson Fourth Quarter Earnings Call
Jan 28, 3:45 AM EST |
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| Earnings fell 26% to $186.1 million as sales of iconic motorcycles tumbled in the United States, its biggest and most important market. |
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| Harley-Davidson’s sales fell 7.7% to $1.39 billion, pulled down by a 14.2% decline in U.S. retail sales. Sales outside the United States rose, led by 45.9% jump in Canadian sales. Exports account for 27% of overall shipments. For Q1, the company expects to ship between 68,000 and 72,000 Harley-Davidson motorcycles, compared to 67,761 units Q1 of 2007, and for the year overall it plans to ship fewer motorcycles than it expects dealers to sell. |
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United Technologies Fourth Quarter Earnings Call
Jan 28, 3:06 AM EST |
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| Net income increased to $1.06 billion or $1.08 per share as against $865 million or 87 cents a share in the previous year. |
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| The provider of technology products and services reported revenue of $14.7 billion, up 15% over the previous year, with favorable foreign exchange accounting for 5% and organic growth accounting for 8%. The Q4 results include a net 4 cents a share charge, driven by non-US tax law changes and restructuring program. In the quarter, Sikorsky won a $7.4 billion five-year production contract, the largest contract in UTC''s history, for 537 U-860 helicopters for the US Army and Navy. |
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