Ann Taylor Stores Third Quarter Earnings Call
Nov 21, 6:34 AM EST |
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| Profit rose 4%, helped by sales at new stores as well as revenue from Factory stores and the Web. |
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| Women''s apparel retailer’s revenue rose 6% to $600.9 million from $566.3 million a year ago. Net sales at Ann Taylor-brand stores fell 4.4%, to $213.5 million, while Ann Taylor Loft sales rose 8.9% to $296.9 million. Same-store sales fell 0.4%, including a 4.4% drop at Ann Taylor stores and a 0.3% drop at Loft stores. The company blamed weak traffic and unseasonably warm weather. Ann Taylor expects profit of $2.05 to $2.15 per share versus previous guidance of $2.15 to $2.25 per share. |
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51job Third Quarter Earnings Call Summary
Nov 20, 3:02 PM EST |
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| Net income rose to $3.6 million, or 13 cents per ADS, on revenue of $29.4 million. Excluding items, earnings were 18 cents per ADS. |
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| The company added that print advertising revenue in the latest quarter increased 15.9% from a year ago to $15.2 million, thanks to the higher advertisement volumes. Online recruitment services revenue advanced 26.8% to $9.7 million, as 51jobs website was used by more employers. For the fourth fiscal quarter, the company expects earnings, excluding items, of 13 cents to 15 cents per ADS on revenue of $27.4 million to $28.7 million. |
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General Motors Third Quarter Earnings Call
Nov 20, 1:25 AM EST |
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| Net loss was $39 billion or $68.85 a share, from a $147 million, or 26 cents a share loss in 2006, due to deferred tax asset valuation. |
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| The car company realised a 10.3% drop in revenue from $48.9 billion in 2006 to $43.8 billion, as financial and insurance revenue fell 92.5% to $700 million. The decline in revenue was against record global sales and further improvement in the core automotive business driven by solid financial performance in key growth markets around the world and improved liquidity. Ongoing challenges in the U.S. mortgage market adversely impacted income from GMAC. |
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Peabody Energy Third Quarter Earnings Call
Nov 19, 8:17 AM EST |
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| Revenues were $1.49 billion, up 18.1% from $1.27 billion in the prior year on record sales volume and improved U.S. pricing. |
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| The coal firm realized a 77% drop in earnings to $32.3 million or 12 cents a share, compared with $142 million in 2006, despite revenue growth and efforts towards reshaping the earnings base by increasing production capacity, expanding global coal trading operations and spinning off a unit. The firm advanced Business Development activities in China, Mongolia, and other high growth regions, broken ground on Prairie State and advanced the development of the coal-to-gas project. |
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FPL Group Third Quarter Earnings Call
Nov 18, 12:47 PM EST |
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| Profit rose 1% and is predicted the trend would extend through next year despite a drop in regional home building. |
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| The utility operator revenue fell to $4.58 billion from $4.69 billion, failing to meet the analyst estimates of $4.73 billion. The quarter included a $40 million gain related to the valuation of hedges, while the 2006 quarter included a similar gain of $74 million and a $7 million charge related to an acquisition. Retail power sales were up 3.5% compared with a year ago while the number of new accounts grew by 2%, in line with the company''s historical growth curve. |
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Wal-Mart Stores Third Quarter Earnings Call Summary
Nov 15, 3:22 PM EST |
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| The company earned 70 cents per share, up from 62 cents a year ago. The 70 cents includes an after-tax gain equal to 1 cent per share. |
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| In the most recent quarter Wal-Mart had revenue of $91.95 billion, up 8.8% from $84.47 billion reported a year ago. Same-store sales, not counting fuel, were up 1.5% in the U.S. stores, unchanged from a year ago. The company expects same-store sales for the fourth quarter to increase no more than 2%. Overhead costs remained flat as Wal-Mart lifted its gross margin slightly to 23.8%. |
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Bank of America Second Quarter Earnings Call
Nov 15, 12:40 PM EST |
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| Second-quarter net income rose 5% to $5.76 billion from $5.48 billion a year earlier, beating expectations. |
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| Diluted earnings per share rose 8% to $1.28 from $1.19 a year ago. Revenue net of interest expense on a fully taxable-equivalent basis increased 8% to $19.96 billion from $18.52 billion a year earlier. The bank’s management added that non-interest income increased 21%, offsetting $1.3 billion increase in credit cost and a 4% increase in expense levels. |
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Toll Brothers Fourth Quarter Earnings Call
Nov 15, 11:36 AM EST |
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| Home building revenues dropped 36% from $1.81 billion in the prior year to $1.17 billion as customer cancellation accelerated. |
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| The luxury homebuilder reported a 38% decline in gross signed contracts to $694 million in its preliminary release following growth in the rate of cancellations, the decline in new contracts, and general weaknesses in the housing market. Excess supply created by cancellations, speculative buyers and ambitious builders, as well as customer concerns about selling their existing homes, and a lack of consumer confidence are the primary impediments to the market''s recovery. |
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Prudential Financial Third Quarter Earnings Call
Nov 15, 5:32 AM EST |
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| Net income dropped 28% to $860 million as the company recorded charges related the summer liquidity crunch. |
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| Revenues was $6.66 billion, beating forecasts of $6.53 billion. Excluding investment losses and gains and other items, the company recorded per-share earnings $1.97, compared with $1.72 a year earlier. The company recorded $111 million in charges related to impairments on credit-impaired securities and the disposal of securities backed by subprime mortgages. The company is raising 2007 guidance for common stock earnings per share to a range of $7.45 to $7.60 based on adjusted operating income. |
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Time Warner Third Quarter Earnings Call
Nov 15, 4:40 AM EST |
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| Net income dropped 53% to $1.1 billion or 30 cents a share, due to higher cost of revenue growth. |
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| The media and entertainment company realised a 9% rise in revenue from $10.75 billion in 2006 to $11.7 billion led by growth at the Cable, Filmed Entertainment and Networks segments. The company re-affirmed its full year business outlook and is targeting sustainable, double-digit EPS growth. In addition, it will continue to invest in AOL for sustainable long-term growth and value creation. The firm also announced the acquisition of Quigo, which has capabilities for contextual targeting. |
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