Estee Lauder Third Quarter Earnings Call
May 19, 9:18 AM EDT |
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| Quarterly net sales rose 7.1% to $1.69 billion, versus $1.578 billion in the prior year period, boosted by strong sales of new skin-care products. |
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| Estee Lauder, manufacturer of skin care and makeup products, reported that its quarterly net earnings rose 57.8% to $93.9 million, versus $59.5 billion in Q3 2006. More than half of quarterly sales and operating income was generated outside the U.S. from a mix of established and emerging markets. During the quarter, the firm repurchased approximately 16 million shares for $750 million. Fiscal 2007 net sales are expected to grow between 6% and 7% in constant currency, versus fiscal 2006. |
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Autobytel First Quarter Earnings Call
May 17, 9:23 AM EDT |
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| Profit increased to $5.6 million after a loss of $8.5 million last year helped by the settlement of a patent-infringement lawsuit. |
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| The online automotive services firm’s revenue totaled $28.4 million compared with $28.3 million in the prior-year period and up 6% from $26.8 million in Q4 2006. Net income includes a $9.9 million gain related to a settlement with Dealix Corp. and a $2.3 million gain from the January 2007 sale of the company''''''''s Automotive Information Center business. For 2007, expenditures around the development of MyRide.com would be in the $5 million to $7 million range. |
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Blue Nile First Quarter Earnings Call
May 17, 9:20 AM EDT |
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| Profit increased to $3.2 million from $2.4 million last year helped by sales of jewelry priced over $25,000. |
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| The online retailer of diamond jewelry reported revenue increase of 34% to $67.9 million, exceeding analysts’ expectations of $62.1 million. International sales from the company''s Canada and U.K. Web sites grew 84%. Cash and marketable securities totaled $59.2 million. Blue Nile repurchased 344,655 shares of its common stock for $13.5 million. For Q2, the company expects net sales to be between $65.5 million and $67.5 million. |
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SINA First Quarter Earnings Call
May 16, 9:22 AM EDT |
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| Profit in the quarter increased 23% to $8.6 million, driven by strong online advertising market. |
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| The Chinese web portal reported revenue increase of 9.8% to $51.3 million from $46.7 million a year ago, exceeding analysts’ expectations of $49.7 million. Revenue from advertising totaled $31.8 million, up 43% from the year ago period. The company experienced worse than expected seasonality for the Chinese New Year, as it saw a slow period for customer orders in February. For Q2, the company forecast $58 million to $60 million in revenue, including $40 million to $41 million from advertising. |
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LookSmart First Quarter Earnings Call
May 15, 11:39 AM EDT |
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| Total revenue for the quarter was $13.2 million, representing a 25% increase from $10.5 million in the first quarter a year ago. |
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| The online advertising and technology company reported GAAP net loss of $3.4 million, or 15 cents per share, including $0.5 million of non-cash, share-based compensation charges. This compares to a year-ago GAAP net loss of $4.5 million, or 20 cents per share, including non-cash, share-related compensation charges of $0.3 million. Gross margin increased to 42% in the first quarter of 2007 versus 33% in the first quarter of 2006 due to lower traffic acquisition costs. |
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Harris Third Quarter Earnings Call
May 15, 9:16 AM EDT |
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| Profit increased to $214.9 million, reflecting gains and charges due to the merger of Microwave Communications Division with Stratex Networks Inc. |
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| Harris reported revenue increase of 22% to $1.07 billion, which was in line with the analysts’ expectations. Excluding the Stratex-related items and others associated with cost-cutting in its Broadcast Communications segment, Harris'' earnings rose 24% to $100.5 million, or 72 cents per share. The Board of Directors has approved a new $600 million share repurchase program. For 2007, Harris expects profit, adjusted to exclude items, in a range from $2.77 to $2.81 per share. |
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Teekay LNG Partners First Quarter Earnings Call
May 14, 2:13 PM EDT |
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| Net income was $1.4 million vs. $0.8 million a year ago. The company generated $17.9 million of distributable cash flow vs. $17.6 million last year. |
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| The results for the first quarters of 2007 and 2006 included foreign currency translation losses of $4.8 million and $7.8 million, respectively, due to long-term debt denominated in Euros. The Partnership expects to raise its quarterly cash distribution by 15% to 53 cents per unit ($2.12 per unit on an annualized basis), commencing with the distribution relating to the second quarter of 2007. |
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eFunds First Quarter Earnings Call
May 11, 3:44 PM EDT |
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| First-quarter net income was $10.5 million, or 22 cents a share, down from $10.7 million, or 23 cents a share, in the year-ago period. |
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| The payment and data consulting solutions provider posted quarterly revenue of $134 million, down 4% from the $140 million reported a year ago. The Board of Directors has formed a Review Committee and instructed Goldman Sachs and Blackrock as independent financial advisors to assist in exploring strategic options including potential mergers. For the full year 2007, the company now expects revenue and earnings to trend toward the lower end of the previously forecasted ranges. |
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General Motors First Quarter Earnings Call
May 11, 1:10 PM EDT |
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| While automotive revenue fell to $42.9 billion, from $43.6 billion in Q1 2006, the number of cars and trucks sold globally rose 3%, over Q1 2006. |
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| General Motors stated that its quarterly net income fell to $62 million, from $602 million in Q1 2006, due to losses at its former financial arm. Excluding special items, quarterly adjusted net income was $94 million, versus $350 million in Q1 2006. The firm had record vehicle sales of 2.26 million worldwide. Automotive profitability improvement was based on turnaround initiatives and expansion strategy for key growth markets. General Motors plans to reduce costs by $9 million by year-end. |
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Whole Foods Market Second Quarter Earnings Call
May 11, 8:57 AM EDT |
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| Net income fell to $46 million or 32 cents a share from $51.8 million or 36 cents a year ago. Revenue rose to $1.46 billion from $1.31 billion. |
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| The natural-foods grocer blamed the 11% drop in second-quarter profit on expansion costs. Same-store sales gained 6%, down from 11.9% growth a year ago. The management explained that Whole Foods was just not gaining customers as fast as before but they were not losing customers. The company expects full-year total sales growth of 13% to 17% and same-store sales growth of 6% to 8% and also aims to record $12 billion in sales in fiscal year 2010. |
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