Hovnanian Enterprises First Quarter Earnings Call
Mar 12, 3:11 PM EDT |
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| The loss position deteriorated to $130.9 million or $2.09 a share, down 129% from 2007 as the housing market remains challenging. |
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| The homebuilder reported a 6.1% drop in sales to $1.09 billion from $1.17 billion in the prior year due to a fall off in contracts per community as the number of open communities was down about 7%. The firm continues to focus on reducing inventories, maximizing cash flow and shrinking overheads as it steadily burns through the old land supply and replenishing supply with renegotiated lands. |
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Brinker International Third Quarter Earnings Call
Mar 12, 3:08 PM EDT |
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| Revenues increased 2.8% to $1.12 billion from $1.09 billion reported in 2006 following restaurant capacity growth of 7.9%. |
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| The international owner, operator, and franchisor of restaurants reported income from continuing operations of $54.6 million, or 43 cents per share, down from 13.5% from $63.1 million, or 48 cents a share in the prior year as the challenging environment affected operations and the bottom line. The firm announced its intentions to enter into an agreement to repurchase approximately $300 million of its common stock through a broker-dealer in an accelerated share repurchase (ASR) transaction. |
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Primedia Fourth Quarter Earnings Call
Mar 12, 5:40 AM EDT |
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| The net loss widened to $16.5 million or 37 cents per share as against $13.8 million or 31 cents per share in prior year. |
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| The publisher of free consumer guides reported revenue of $79.1 million, up 3% from the prior year, on growth in Apartment Guide, DistribuTech, Rentals.com, and New Home Guide. Primedia has made the decision to exit the Auto Guide Business and plans to either sell or shut down the business by the end of second quarter of 2008. The company has declared first regular quarterly cash dividend of 7 cents per share. The management declined to provide guidance for fiscal 2008. |
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EOG Resources Fourth Quarter Earnings Call
Mar 12, 5:36 AM EDT |
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| Full year net income dropped to $1.083 million compared with $1.2889 million for fiscal year 2006. |
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| The oil and natural gas producer posted weaker year-on-year net income whilst fourth quarter net income rose to $358 million, or $1.44 per share versus $237.2 million, or 96 cents per share in the past year quarter. The full year production increased 11% from last year, fueled by the Fort Worth and Rocky Mountain operations. The management now targets about 15% total company production growth for fiscal year 2008. |
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McDermott International Fourth Quarter Earnings Call
Mar 12, 5:30 AM EDT |
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| Profit rose 27% to $160 million, helped by income growth in all divisions. |
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| The engineering and construction company’s revenue increased 17% to $1.53 billion, exceeding analysts’ expectations of $1.48 billion. Revenue of offshore oil and gas construction unit was $733.3 million, up 54%. Income for the offshore oil and gas unit more than doubled to $100 million. In China, joint venture remains active, with Chinese and export work to Asia and the U.S. |
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E*Trade Financial Fourth Quarter Earnings Call
Mar 12, 4:35 AM EDT |
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| The Company recorded a full year net loss of $1.4 billion or $3.40 per share versus net income of $629 million, or $1.44 per share in 2006. |
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| The disappointing 2007 earnings performance masked the strong growth recorded in the retail franchise. Fourth quarter record revenues for the retail segment amounted to $476 million versus $421 million last year quarter and $474 million on a sequential basis. The management is now embarking on a turnaround plan, which is anticipated to unleash growth potential for the franchise. |
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Fresh Del Monte Fourth Quarter Earnings Call
Mar 11, 1:34 PM EDT |
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| The company turned around to a profit of $34.4 million or 56 cents per share as against a loss of $58.8 million or $1.02 per share in prior year. |
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| The producer and distributor of fresh and fresh-cut fruits and vegetables reported revenue of $848.2 million, up 15% over last year, due to price increases in the gold pineapple, canned pineapple and melon product lines; increased demand for bananas and favorable foreign exchange rates. Aiming to improve the cost structure, the firm will close its juice plant in the U.K. during the first quarter of 2008. The company gained approval to supply McDonald’s outlets across the UAE and Saudi Arabia. |
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SINA Fourth Quarter Earnings Call
Mar 11, 5:33 AM EDT |
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| Non-GAAP net income increased 35% year-over-year to $20.5 million, with net income per share of 34 cents versus 26 cents the same period last year. |
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| The leading online media and mobile value-added service provider posted net income for fiscal 2007 totaling $57.7 million, or 97 cents per share compared with $39.9 million or 69 cents per share for fiscal 2006. The strong advertising growth and stabilizing mobile business well positions the company for the Chinese Internet market and management now anticipates strong benefits from the Beijing Olympics. For fiscal 2008, the firm projects revenue of $66 million and $68 million. |
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Intuit Second Quarter Earnings Call
Mar 10, 10:25 AM EDT |
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| Higher marketing cost pushed the GAAP net income down to $115.2 million as against $145.4 million in prior year. |
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| The provider of business and financial management solutions had revenue of $835 million, up 11% over the prior year. During Q2, the sales and marketing costs increased to $263.7 million from $219.5 million in prior year, on higher spending on the campaign of TurboTax software. While Intuit completed the acquisition of Homestead Technologies, it expects to complete the acquisition of Electronic Clearing House in Q1 of calendar 2008. The firm projects GAAP EPS of $1.38 to $1.40 for fiscal 2008. |
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Cooper Companies First Quarter Earnings Call
Mar 10, 5:44 AM EDT |
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| The earnings were $6.9 million or 15 cents per share as against $5.3 million or 12 cents per share in the prior year. |
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| The maker of eye care products reported revenue of $245 million, up 12% from $219.4 million in the prior year, on 12% growth in Cooper Vision and 10% growth in Cooper Surgical. Cooper will launch Avaira, a third generation two-week silicone hydrogel product, in April and the product is in production now in the UK and Puerto Rico. Due to strong growth of core contact lens products and anticipated sales of Avaira, Cooper now expects fiscal 2008 revenue of $1.06 billion to $1.1 billion. |
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