E*TRADE First Quarter Earnings Call
Jan 09, 2:25 AM EST |
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| Net income was $169 million or 39 cents a share, up 18% from $142.3 million or 33 cents a share over the prior year on revenue growth. |
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| The financial services firm reported an 8% rise in revenue to $645 million from $598.3 million in the prior year as marketing and service investments generated record net new accounts, with continued strong growth in target segments, and record levels of customer assets and cash. However, the firm lowered earnings expectations to $1.55 to $1.75 a share for 2007 because of adverse market conditions. |
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Baidu.com Third Quarter Earnings Call
Jan 08, 6:36 AM EST |
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| The profit of 181.7 million yaun represents an increase of 113% from 85.3 million yuan in the prior year quarter. |
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| The leading Chinese language internet search provider reported revenue of 497 million yuan, up from 237.6 million yuan, with marketing revenue accounting for 496 million yuan. During the quarter, Baidu launched several new products including the Olympic Channel, the Game Channel and Baidu TV. The company plans to launch its first e-commerce consumer-to-consumer initiative in 2008. The firm currently expects Q4 revenues to be between 560 million yuan and RMB575 yuan. |
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AutoNation Third Quarter Earnings Call
Jan 08, 6:33 AM EST |
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| The net income from continuing operations was $77 million or 39 cents a share versus $85 million or 40 cents per share in last year. |
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| Due to lower new vehicle sales, the revenue of the automotive retailer dropped from $4.9 billion in the previous year to $4.6 billion. The decline in net income reflected a drop in new vehicle retail sales especially in California and Florida, partially offset by tax adjustments. AutoNation has entered into an agreement to purchase Don Mackey BMW in Tucson, Arizona. After the completion of the transaction in January 2008, the store will be renamed to BMW, Tucson. |
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Caterpillar First Quarter Earnings Call
Jan 08, 6:26 AM EST |
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| International construction and mining helped offset weaker demand in North America. |
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| The maker of machinery and engines was able to increase its sales of machinery and engines 6.9% to $9.3 billion from $8.7 billion a year ago despite weakening North American demand. Sales of machinery to the Europe increased as low interest rates improved economic growth. The company benefited from increases in both housing and non-residential construction there. The company upped its 2007 earnings outlook to a range of $5.30 to $5.80 per share. |
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Caterpillar Fourth Quarter Earnings Call
Jan 08, 6:57 AM EST |
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| Sales rose to $11 billion, helped by a 13% increase in machinery sales, a 17% rise in engines sales and a 9% gain in sales of financial products. |
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| Caterpillar reported income increase to $882 million, up from the year-ago $846 million a year ago. The factors that contributed to the increase in core operating costs were the $500 million increase in sales volume, disruption related to production holds at factory that produces backhoe loaders in North America, and higher period costs at most of business units. In 2007, the company expects to make $5.20 to $5.70 a share on revenue of $41.5 billion to $43.6 billion. |
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The New York Times First Quarter Earnings Call
Jan 07, 12:04 PM EST |
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| Newsprint expense decreased 8.5% with 6.7% of the decrease resulting from lower consumption and 1.8% from lower prices. |
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| The New York Times reported earnings per share from continuing operations of 14% compared with 21% in the same period a year ago. In December, the company relaunched the Times’ travel site and traffic grew more than 50%. The company announced an agreement to sell the Broadcast Media Group for $575 million. The company''s Board of Directors announced that it was increasing regular quarterly dividend 31% to 23 cents per share from 17.5 cents per share. |
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The New York Times Fourth Quarter Earnings Call
Jan 07, 12:02 PM EST |
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| The quarter turned out better than expected, because of higher than expected anticipated advertising revenues. |
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| The New York Times reported a net loss of $4.50 per share, compared with earnings per share of 43 cents in the fourth quarter of 2005. The New England Media Group had a difficult quarter as it continues to grapple with the soft economic climate and consolidation among major advertisers. Depreciation and amortization totaled $54.6 million, versus $35.4 million in the same period last year. Capital spending totaled $119 million, including $69 million for new headquarters. |
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Global Payments Second Quarter Earnings Call
Jan 07, 8:41 AM EST |
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| The net income increased to $38.3 million or 48 cents per share as against $34 million or 42 cents per share in the previous year. |
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| The provider of money transfer and payment processing services reported revenue of $308.8 million, up from $260.7 million in prior year, driven by solid performance in merchant services segment. During the quarter, Global Payments completed its facility consolidation plan and incurred a modest amount of related restructuring charges. Based on the current trends and its ongoing growth strategy, the firm is raising its fiscal 2008 revenue guidance to a range of $1.231 billion to $1.257 billion. |
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Akamai Technologies Fourth Quarter Earnings Call
Jan 07, 2:59 AM EST |
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| Net income was up 47% to $20.6 million or 12 cents a share fueled by increased demand for services in the digital media and online commerce markets. |
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| The accelerating content and business processes online provider reported a 52% rise in revenues to $126 million from $83 million in 2005 as demand from existing customers contributed significantly to ARPU growth, helping drive impressive top line expansion, while delivering on operational efficiencies that drove strong bottom line performance. The firm increased its revenue guidance by $50 million to $610 million on the back of synergies from acquired companies. |
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Bed Bath & Beyond Third Quarter Earnings Call
Jan 04, 3:15 PM EST |
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| Third quarter net income was $138.2 million, or 52 cents a share, compared with net income of $142.4 million, or 50 cents a share, a year earlier. |
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| The home merchandise Bed Bath & Beyond has bought back 24.5 million shares through December 1st, 2007. Total sales of the company climbed 10.8% from a year ago to $1.79 billion. Same-store sales inched up 0.8%, far below the 4.6% jump in last year''s comparable period. The company guided earnings for the full year ending March 1st to the range of $2.08 to $2.11 a share. |
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