Citigroup Fourth Quarter Earnings Call
Jan 16, 7:15 AM EST |
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| The net loss was $9.83 billion or $1.99 per share as against net income of $5.13 billion or $1.03 per share in the prior year quarter. |
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| The financial services provider reported revenue of $7.22 billion, a substantial drop of 70% from $23.83 billion in the Q1 of 2006. The quarterly results included $18.1 billion in pre-tax write-downs and credit costs on sub-prime related direct exposures in fixed income markets, and a $4.1 billion increase in credit costs in U.S. consumer. Citigroup reduced its dividend by roughly 40% to 32 cents a share, reflecting the approximate sizing of dividend relative to growth opportunities. |
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Companhia Vale do Rio Doce Third Quarter Earnings Call
Jan 15, 3:17 PM EST |
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| Operational profit, as measured by adjusted EBIT, of US$ 3.4 billion, was 7.8% above a year ago. |
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| Companhia Vale do Rio Doce showed a good performance in the third quarter amidst a scenario of strengthening Brazilian and Canadian currencies vis-a-vis the U.S. dollar, which has had a negative impact on costs, and more moderate nickel prices, not contributing as strongly to revenue growth. All-time high iron ore and pellet shipments, totaled 78.5 million metric tons. Gross revenue was US$8.1 billion, the highest ever for a third quarter and 9.9% higher than a year ago. |
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Shuffle Master Fourth Quarter Earnings Call
Jan 15, 8:02 AM EST |
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| Aided by tax benefit, the net income increased to $8.2 million or 23 cents per share as against $3.2 million or 9 cents per share. |
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| The developer and manufacturer of entertainment based products reported revenue of $51.7 million, up 13% from the prior year quarter, on growth in sales and services of products. During the quarter, Shuffle Master had tax benefit of $6.7 million, related to recording amortizable tax basis for the PC4 technology. The company closed on a $100 million senior secured revolving credit facility and had $75.7 million outstanding on the credit facility as of October 31, 2007. |
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Interactive Data Corp. Third Quarter Earnings Call
Jan 15, 6:55 AM EST |
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| Revenues were up 12% to $175 million from $156.7 million in the prior year due to improved margin performance. |
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| The provider of financial market data, analytics and related services produced a 47% rise in income to $39 million or 40 cents a share from 27 million or 28 cents a share in 2006 as a result of revenue growth, prudent spending and a drop in the tax rate. The firm continued to bring innovative new services to the marketplace by taking advantage of the collective capabilities content and expertise resident across the organization. |
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Schlumberger First Quarter Earnings Call
Jan 14, 11:50 AM EST |
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| Net income rose 63% to $1.18 billion or 96 cents a share, from $723 million or 37 cents in the prior year due to increased margins across geomarkets. |
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| The oil and gas rigging company recorded a 29% increase in revenue to $5.46 billion from $4.24 billion in the prior year due to an increase in international activity in geo-markets and the conclusion of negotiations with PDVSA related to certain rig management and engineering contracts, enabling recognition of previously deferred revenue. The colder weather late in the North American winter resulted in natural gas storage levels falling below those anticipated. |
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Infosys Technologies Third Quarter Earnings Call
Jan 14, 8:29 AM EST |
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| The profit increased to Rs12.2 billion as against Rs9.71 billion in the prior year quarter. |
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| The leading India based technology company has reported revenue of $1.08 billion, up 17% from prior year. During the quarter, the firm had one-time voluntary settlement with the statutory authorities of California for around $26 million; $18 million reversal of insurance costs and $13 million tax reversals. In Q3, Infosys Technologies recruited 8,100 employees. For Q4, earnings per ADS are expected to be 54 cents, on anticipated revenue of $1.13 billion to $1.14 billion. |
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Merrill Lynch First Quarter Earnings Call
Jan 14, 8:09 AM EST |
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| Gains in global markets and investment banking business boosted earnings 31% to $2.2 billion. |
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| Merrill Lynch & Co. reported revenue increase of 34% to $9.9 billion, beating analysts’ expectation of $9.1 billion. GMI revenue rose 43% to $6.5 billion, led by growth abroad as non-U.S. revenues grew faster than U.S. revenues this period. Despite the subprime mess, the fixed income, currencies and commodities line jumped 36% to $2.8 billion, on the back of record revenue levels from credit products, real estate, interest rate products and currencies. |
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Valero Energy First Quarter Earnings Call
Jan 13, 9:46 AM EST |
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| Earnings were up 41% to $1.1 billion or $1.86 a share, from $849 million or $1.32 a share in 2006 due to stronger gasoline and distillate margins |
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| The gas and oil refining company reported a 6% drop in revenues to $19.7 billion from $20.9 billion in the prior year due to more stringent product specifications, more complicated refining operations, logistics constraints, and tightness in labor and equipment for maintenance activities. However, the firm benefited from the commissioning of the expanded crude unit at the Port Arthur refinery, which increased overall throughput capacity to 325,000 barrels per day of sour crude oil. |
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BP First Quarter Earnings Call
Jan 12, 12:27 PM EST |
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| Replacement cost profit was $4.4 billion, 17% lower than in the previous year due to lower oil and gas realizations and lower reported volumes reflect |
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| The oil and gas company reported a 3.2% drop in revenue from $65 billion in 2006 to $63 billion as oil prices declined and production dropped 3% to 3.9 million barrels of oil equivalent per day. The firm acquired a 31% share of the Netherlands Refinery Company and announced divestment of the Coryton Refinery. Additionally, the firm is expanding solar cell production capacity in both Spain and India, and selected research partners for the BP Energy Bio Sciences Institute. |
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Alcoa Fourth Quarter Earnings Call
Jan 12, 10:08 AM EST |
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| Profit increased 76% to $632 million, helped by the pending sale of packaging and consumer businesses. |
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| The aluminum maker''s revenue fell to $7.39 billion due to lower aluminum prices and the exclusion of a business segment which is now part of a joint venture. Excluding a favorable restructuring adjustment and a tax benefit stemming from the sale of the company''''s packaging and consumer businesses, earnings would have come in at 36 cents a share. In December, Alcoa was selling its packaging and consumer businesses for $2.7 billion cash to a private New Zealand company. |
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