eBay Second Quarter Earnings Call
Jul 20, 8:21 AM EDT |
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| Profit increased 50% due to growth in online payments business that offset a continued slowdown in the online auction core marketplace listings. |
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| eBay reported revenue increase of 30% to $1.83 billion, higher than analyst expectations of $1.78 billion. PayPal revenue was $454 million, up 34%, and Skype revenue was $90 million, a growth rate of 103%. Global listings fell 6% from the year-earlier quarter while growth in gross merchandise volume fell for the third consecutive quarter. For 2007, revenue is expected to be between $7.3 billion and $7.45 billion, with earnings between $1.34 and $1.38 per share. |
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Red Hat First Quarter Earnings Call
Jul 19, 10:54 AM EDT |
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| Profit was $16.2 million, or 8 cents a share, on revenue of $118.9 million, up from $13.2 million, or 7 cents, on revenue of $84 million a year ago. |
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| Excluding one-time items, the provider of open source solutions would have reported $33.7 million, or 16 cents a share. Software subscriptions revenue climbed 44% from a year ago quarter to $103 million. Red Hat expects revenue to range between $124 million to $126 million in the next quarter, while earnings per share are expected to approximate 17 cents per share. Capital expenditure is forecasted to be in the range of $30 to $35 million in the second quarter. |
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Intel Second Quarter Earnings Call
Jul 19, 9:32 AM EDT |
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| Profit rose 44% to $1.3 billion, helped by a slimmer workforce and solid microprocessor shipments. |
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| The information technology firm reported revenue increase of 8% to $8.7 billion, exceeding analysts’ expectations of $8.5 billion. The results include tax items that increased earnings by approximately 3 cents along with restructuring charges of $82 million. Gross margin was 46.9 % due to greater-than-expected pricing pressure for computer chips. For Q3, revenue is expected to be $9 billion and $9.6 billion. |
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Johnson & Johnson Second Quarter Earnings Call
Jul 18, 9:21 AM EDT |
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| Profit rose 9% to $3.08 billion due to better profit margins, lower-than-expected taxes and higher-than-expected sales. |
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| The health care products manufacturer reported revenue of $15.13 billion, exceeding analysts’ expectations of $15.06 billion. Excluding the December acquisition of Pfizer Consumer Healthcare, sales were up 3.6%, and favorable currency exchange rates boosted revenues by 2.4%. Pharmaceutical revenue rose 5.8% to $6.1 billion due to sales of epilepsy drug Topamax, arthritis treatment Remicade and Risperdal. For 2007, earnings, excluding items, are expected to be $4.02 and $4.07 a share. |
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CarMax First Quarter Earnings Call
Jul 17, 4:25 PM EDT |
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| Earnings increased 15% to $65.4 million, or 30 cents per share vs. $56.8 million, or 27 cents a year ago, while sales rose 14% to $2.15 billion. |
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| Used car retailer attributed the positive results to a 6% jump in same-store sales. The company sold 96,766 used vehicles during the first quarter, up 15% from a year-ago period. Free cash flows came in at $14.5 million following a 57% jump in operating cash flow to $75.4 million. Capital expenditure increased by 142.2% to $60.9 million. CarMax backed its EPS guidance of $1.03 to $1.14 for the fiscal year. |
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Accenture Third Quarter Earnings Call
Jul 17, 12:34 PM EDT |
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| Profit rose to $345.4 million as it benefited from strong demand for company’s consulting services. |
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| The revenue of the information technology firm grew to $5.08 billion, up 15% over the prior year quarter. Consulting revenue rose to $3.08 billion, an increase of 16% over the third quarter last year. Effective tax rate was 33.3%, which includes the effect of the reduction in the year-to-date tax rate from 34.9% to 34.3% as a result of changes in the forecasted geographic mix of income. In Q4, revenues are expected to be in the range of $4.8 billion to $5 billion. |
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Yum! Brands Second Quarter Earnings Call
Jul 17, 9:10 AM EDT |
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| Profit rose 11.5% to $214 million driven by strength in China and a lower tax rate offset weak results at its Taco Bell chain in USA. |
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| The operator of fast-food restaurants reported revenue increase of 9% to $2.37 billion, failing to meet the analysts’ expectations of $2.28 billion. Same-store sales rose 7% in mainland China and climbed 5% internationally, which excludes China, Thailand and KFC Taiwan. U.S. same-store sales dropped 3% because of a 7% decline at Taco Bell. The company raised its full-year earnings-per-share growth rate target from 11% to 12%. |
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FedEx Corporation Fourth Quarter Earnings Call
Jul 17, 5:00 AM EDT |
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| FedEx reported earnings of $610 million, or $1.96 per share for the fourth quarter, up 7% from $568 million, or $1.82 per share, a year ago. |
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| The latest results include a gain of 6 cents per share from a settlement with Airbus related to an order cancellation for A380 aircraft. Revenue rose to $35.2 billion from $32.3 billion. For fiscal 2007, the transportation, e-commerce and business provider earned $2.02 billion, or $6.48 a share, up from $1.81 billion, or $5.83 a share, the previous year. The company forecast earnings growth in fiscal 2008 below its long-term 10% to 15% target. |
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ConocoPhillips First Quarter Earnings Call
Jul 17, 4:15 AM EDT |
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| Net income rose to $3.55 billion, or $2.12 a share, from $3.29 billion, or $2.34 a share, in the year-ago quarter. |
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| Profit in the quarter included a one-time net gain of 29 cents a share from the sale of assets, but the company’s key exploration and production segment suffered from the lower commodity prices. Revenue declined 12% to $41.3 billion from $46.9 billion a year ago. ConocoPhillips bought back $1 billion in shares in the first quarter and reduced debt by $3.5 billion to $23.7 billion. |
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Marriott International Second Quarter Earnings Call
Jul 16, 11:12 AM EDT |
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| Earnings in the quarter increased 11% from a year ago on stronger demand for rooms, while adjusted net income rose 26% to $229 million. |
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| Revenue at the hotel operator rose to $3.21 billion from $2.89 billion a year earlier. Revenue per available room climbed 7.5% worldwide and 5.6% for Marriott-managed hotels in North America. The company lifted its guidance for the year, forecasting to earn between $1.88 and $1.96 per share for fiscal 2007, up from the $1.84 to $1.94 outlook issued earlier, but also cut the upper end of its forecast for revpar, guiding growth in the range of 6% to 7% in North America. |
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