First Data Corporation First Quarter Earnings Call
May 20, 6:43 AM EDT |
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| Merchant Services generated revenues of $926 million, a growth rate of 10% or 3% excluding reimbursable debit network fees. |
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| Consolidated revenues were up 16% to $2.1 billion. The company signed 156,000 domestic merchant locations, which is an increase of 5% over the first quarter of 2007. Financial Services generated revenue of $706 million, up 1% or flat excluding reimbursables and purchase accounting adjustments. On April 28, 2008, First Data announced that it had reached an agreement to acquire InComm Holdings Inc. |
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BMC Software Fourth Quarter Earnings Call
May 20, 5:25 AM EDT |
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| Earnings rose 55% to $97 million driven by licensing and professional services revenue growth. |
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| Revenue increased 11% to $466.9 million, from $419.4 million during the year-ago period. Revenue from licensing increased 14% to $189.3 million, helping to improve BMC Software''s profit. Professional services revenue increased 37% to $32.7 million. Total ESM bookings, which include professional services, were $327 million, up 8%. The company repurchased 3.3 million shares for an aggregate value of $110 million. |
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Boeing First Quarter Earnings Call
May 20, 4:10 AM EDT |
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| Profit rose to $1.2 billion, helped by higher deliveries of commercial planes. |
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| Revenue rose 4% to $16 billion while its operating cash flow more than doubled to $1.9 billion reflecting the strong operating earnings and higher commercial airplane orders. Total company backlog at quarter-end reached a record $346 billion, up 32% in the last year, with growth driven by commercial airplane and V-22 multi-year orders. The company contributed $506 million to its pension plans. Revenue guidance for fiscal 2008 is unchanged at between $67 billion and $68 billion. |
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Black & Decker First Quarter Earnings Call
May 20, 3:30 AM EDT |
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| Net earnings fell to $67.4 million from $108.1 million a year earlier as the company took a $12.2 million after-tax restructuring charge. |
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| Sales fell 5% to $1.5 billion despite a positive 4% boost from the weaker dollar. Excluding a restructuring charge of $12.2 million after-tax, net earnings were $79.6 million, or $1.29 per share. U.S. housing downturn and related credit tightening have lowered demand for tools, locksets, and faucets. The company repurchased 2 million shares and 6.3 million over the past year. The company expects EPS in the range of $1.40 to $1.50 for Q2. |
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Whole Foods Markets Second Quarter Earnings Call
May 19, 9:11 AM EDT |
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| Profit fell 13% as the acquisition of Wild Oats Markets Inc. led to higher costs. |
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| The natural-foods grocer’s revenue rose 28% to $1.87 billion from $1.46 billion last year. Comparable store sales climbed 6.7%. For all stores excluding Wild Oats, gross profit increased 36 basis points to 35.5% of sales, above five-year range for the second quarter of 35.3%. G&A expenses increased to 3.7% of sales. Whole Foods expects sales growth of 25% to 30% in the current fiscal year, and growth in comparable store sales of 7.5% to 9.5%. |
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Urban Outfitters First Quarter Earnings Call
May 19, 5:33 AM EDT |
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| Profit rose 45% to $42.6 million, helped by fewer markdowns and improved same-store sales. |
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| Same-store sales rose 10%, with the biggest increase of 19% seen at its Free People business. Gross profit margins rose 4.44 percentage points due to fewer markdowns and improvements to initial merchandise costs. Website visits were up 31% to 15.3 million visits, a gain of 3.6 million visits over the same quarter last year. The company opened 12 new stores. Total company comparable inventory was down 3%, with a 2% decrease at Anthropologie and a 5% reduction at Urban Outfitters. |
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The Street.com First Quarter Earnings Call
May 18, 12:03 PM EDT |
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| New initiatives position the firm for expansion from just investment and financial news space despite hitting the bottom line in the short term. |
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| The online media firm reported revenue growth of 31% to $18.9 million. Income was $2.4 million or 7 cents per share, a decrease of 22% from the $3 million or 11 cents in 2007 as the firm diverted a portion of the revenue-producing capacity from the Promotions.com group to the internal strategic initiatives and invested in content, marketing and additional ad sales staff to support the relaunch of TheStreet.com and the launch of MainStreet. |
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Corning First Quarter Earnings Call
May 18, 12:00 PM EDT |
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| Positive outlook as the LCD glass substrate facilities are operating at full capacity while global consumer appetite for LCD televisions continues to |
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| The producer of specialty glass and ceramics reported sales of $1.62 billion, 24% higher than $1.31 billion realised a year ago as Display glass demand remained strong. As a result, net income rose 55% to $702 million or 44 cents a share as the firm benefited from strengthening of the Yen to US dollar exchange rate. Corning continues to closely monitor the U.S. retail market, but has not seen any indication that the U.S. slowdown is impacting the LCD glass business. |
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Hartford First Quarter Earnings Call
May 17, 12:51 PM EDT |
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| The equity downturn scenario restrained the firm from buying back its own shares to preserve its capital strength in order to invest in operations. |
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| The diversified financial services firm reported net income of $145 million or 46 cents a share, down 83%, as assets under management rose 10% to $424 billion from $387 billion in the prior year. Hartford reported considerable capital losses this quarter, and returns on the alternative investment portfolio were well below expectations. Despite these headwinds, strong execution helped it to deliver a 9% increase in property and casualty ongoing operations underwriting income. |
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General Motors First Quarter Earnings Call
May 17, 12:47 PM EDT |
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| Revenue fell to $42.7 billion due to the impact of the American Axle strike on North American operations and weakness in the U.S. auto industry. |
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| The automotive manufacturer reported a net loss of $3.3 billion, or $5.74 per share, compared with a net loss from continuing operations of $42 million, or 7 cents per diluted share in the prior year on declining volumes. Adjusted automotive earnings before taxes were $392 million, up $161 million. Results were driven by strong combined earnings before taxes of $1 billion in GM Latin America, Africa and Middle East (GMLAAM), GM Asia Pacific (GMAP) and GM Europe (GME). |
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