Merrill Lynch Fourth Quarter Earnings Call
Jan 19, 2:38 AM EST |
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| Net revenues a negative $8.2 billion, from $8.4 billion in 2006 driven by write-downs related to CDOs' and sub-prime mortgages. |
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| The financial services firm reported a net loss of $10.3 billion, or $12.01 per share, down from net income of $2.2 billion, or $2.41 per share in the prior year as a result of declines in net revenues due to a weaker business environment and net write-downs. The firm raised an additional $12.8 billion from long term investors to buffer its equity base and is now well capitalized, both at the parent level and at the regulated subsidiary level. |
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Wells Fargo Fourth Quarter Earnings Call
Jan 18, 4:43 AM EST |
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| The net income, impacted by the credit crisis in the US, dropped to $1.36 billion as against $2.18 billion in the prior year quarter. |
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| The leading banking and financial services provider reported record revenue of $10.2 billion, up 8% over the previous year quarter. In the quarter, Well Fargo’s first mortgage portfolio continued to perform well, with annualized charge-offs of only 0.19%. The company completed the acquisition of Greater Bay Bancorp with $7.4 billion in assets, representing the third-largest bank acquisition in the company''s history. In Q4, the firm repurchased 83 million shares of its common stock. |
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Intel Fourth Quarter Earnings Call
Jan 18, 4:33 AM EST |
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| Profit increased 51% jump to $2.27 billion due to gains in microprocessor and chipset businesses. |
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| Intel reported revenue increase of 10% to $10.7 billion from $9.69 billion, but missed the company''''s own estimates. The results included a higher-than-expected charge of $234 million related to the spinoff of a division that makes one type of computer memory. Low prices for several types of memory cut into profits. Prices for processor chips were flat. Intel forecast Q1 sales between $9.4 billion and $10 billion. |
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Pfizer First Quarter Earnings Call
Jan 18, 4:30 AM EST |
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| The company llowered its profits outlook for this year following the earlier than expected loss of a patent on one of its best-selling drugs. |
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| The company was up against nearly $850 million of reduced revenues in United States compared to the year-ago period driven by the recent loss of exclusivity in the U.S., Norvasc, Zoloft, and Zithromax. Lipitor was a positive contributor, posting solid sales growth notwithstanding declining scripts. The company expects to earn between $2.08 and $2.15 a share this year compared with its previous guidance of $2.18 to $2.25. |
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Panera Bread Company First Quarter Earnings Call
Jan 18, 4:28 AM EST |
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| Net income remained unchanged from the prior year at $15 million or 47 cents a share reflecting the adverse impact on margins of extreme weather. |
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| The owner and franchisor of bakery-café’s reported a 24% increase in revenue to $240 million from $194 million in 2006, mainly from bakery-cafe sales, and franchise royalties and fees and fresh dough sales to franchisees. System-wide comparable bakery-cafe sales decreased as a result of a shift away from FDF manufactured products, pressure from commodities such as gasoline and the incremental Crispani. |
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Allianz SE Fourth Quarter Earnings Call
Jan 17, 11:46 AM EST |
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| Income rose 60% to €7 billion or €17.09 a share from €4 billion or €11.24 in 2005, on income growth from asset management and property-casualty |
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| The insurance products and services provider reported a marginal rise in revenues to €101 billion, due to contributions from life/health, banking and asset management segments. The company also transformed its investment approach from the traditional investment approach into the more modern alternative asset approach and capital gains were up €800 million resulting mainly from some major transactions like Schering and Four Seasons. The firm plans to acquire all shares of AGF and Allianz Leben |
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Manulife Fourth Quarter Earnings Call
Jan 17, 8:36 AM EST |
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| Net income increased 21% to $1.1 billion or 70 cents a share attributable to business growth, investment experience, and stronger equity markets. |
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| The Canadian-based financial services provider reported an 11% increase in Funds under Management to $414 billion driven by organic growth in segregated funds and mutual funds. The firm continued to focus on product innovation, distribution excellence and customer service. As a result, total capital was $31.5 billion, up $3.1 billion from $28.4 billion in 2005, as a result of growth in net income and new capital issued during the year. |
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Ruby Tuesday Second Quarter Earnings Call
Jan 17, 3:10 AM EST |
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| The $5.6 million costs related to remodel initiative pushed the company to a loss of $10.4 million versus an income of $16.7 million in prior year. |
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| The operator of causal dining restaurant chain reported revenue of $320.9 million, down 4.7% over the prior year, on 10.8% decline in company owned same store sales and 8.7% decline in same store sales of domestic franchisees. The cost associated with the remodel initiative of Ruby Tuesday reduced the earnings per share by 7 cents. For fiscal 2008, the company assumes the same-restaurant sales to be down 6% to 8.5% and expects EPS to be in the range of 40 cents to 60 cents. |
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Abercrombie & Fitch Fourth Quarter Earnings Call
Jan 17, 10:48 AM EST |
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| Net income increased 20% to $198.2 million or $2.14 per share versus $164.6 million or $1.80 per share in last year. |
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| The retailer of casual apparel reported sales growth of 18% to $1.139 billion as against $961.4 million in the prior year. Total company comparable store sales fell 3% in the Q4. Abercrombie & Fitch is planning to introduce its next new concept in January 2008, with seven stores opening by March 2008. In fiscal 2006, the firm invested $40 million to refresh existing stores and it plans to continue this initiative by investing an additional $60 million in fiscal 2007. |
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Global Payments Second Quarter Earnings Call
Jan 16, 2:43 PM EST |
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| Global Payments announced that the second quarter revenue grew 18% to $308.8 million compared to $260.7 million in the prior year. |
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| The company provided an annual fiscal 2008 revenue guidance of $1.2 billion to $1.3 billion. This revenue guidance reflects an expected 16% to 18% growth versus $1, billion in fiscal 2007. In addition, Global Payments issued an annual fiscal 2008 diluted earnings per share guidance of $1.89 to $1.96, or 7% to 11% growth versus $1.77 in fiscal 2007. This includes the impact of stock option expenses as a result of the adoption of FAS 123R. |
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