The McGraw-Hill First Quarter Earnings Call
Jan 04, 12:16 PM EST |
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| Earnings were up 94% to $143.8 million or 40 cents following strong margin performance across all segments. |
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| The global information services provider realized revenue growth of 13.7% to $1.3 billion from $1.14 billion in the prior year following strong performance by Financial Services, and improvement in Education and Information & Media. The firm resumed borrowing in the commercial paper markets to fund seasonal cash requirements resulting in a significant rise in the net debt position to $178 million. The company accelerated its share repurchase program, purchasing 13.2 million shares. |
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The McGraw-Hill Fourth Quarter Earnings Call
Jan 04, 12:10 PM EST |
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| Earnings were up 8.6% to $882 million or $2.40 a share following a marginal increase in revenue and cost controls in some segments. |
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| The global information services provider reported a 4.2% increase in revenue to $6.3 billion following strong performance in financial services as the corporate sector benefited from an active merger and acquisition market and strong financing activity. There were sharp increases in issuance in the telecom, media and entertainment, materials, high-tech, and healthcare sectors. The board of directors reduced the dividend and the share repurchase program going forward. |
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Ford Motor Company First Quarter Earnings Call
Jan 04, 8:00 AM EST |
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| Net loss was $171 million or 9 cents a share, from a profit of $223 million or 12 cents a share in 2006 due to higher interest expenses. |
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| The automobile firm realized a 5% increase in revenue to $43 billion from $40.8 billion in the prior year, despite a drop in wholesale units sold to 1.65 million, reflecting mix improvements. Personnel reductions in some of the regions have been carried out resulting in significant cost savings with minimal disruptions to operation. The firm recently launched a new engine plant in China, and will launch a new assembly plant in in Nanjing which will further improve capacity. |
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Texas Instruments First Quarter Earnings Call
Jan 04, 4:49 AM EST |
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| The net income dropped to $516 million or 35 cents a share as against $585 million or 33 cents a share in the prior year quarter. |
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| The inventory correction in the semiconductor market led to 8% year over year drop in the revenue to $3.19 billion. The leading chipmaker for mobile phones had orders worth $3.20 billion, an increase of $128 million from the prior quarter, due to higher demand for products in both Semiconductor segment and Education Technology segment. For the second quarter, Texas Instruments expects total revenue to be in the range of $3.32 billion to $3.60 billion. |
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Worthington Industries Second Quarter Earnings Call
Jan 03, 3:13 PM EST |
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| Profit declined to $14.7 million, or 18 cents per share, from $26.9 million, or 31 cents per share a year ago. |
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| The latest results of the metal processing company include a $3.6 million restructuring charge and a $2.7 million charge tied to plant closures in the metal framing segment, which drove earnings by 3 cents per share down. Revenue for the quarter slid 2% to $713.7 million from $729.3 million last year. The company is trying to cut expenses and do some restructuring in order to offset the weaker metal framing segment. |
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Coach Third Quarter Earnings Call
Jan 03, 4:48 AM EST |
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| Net income rose to $147 million or 39 cents a share as against $102 million or 26 cents per share in the prior year quarter. |
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| The leading designer and retailer of accessories reported revenue of $625 million, an improvement of 30% over last year, on 20% growth in the US same store sales. During the quarter, Coach opened seven retail stores in North America and five stores in Japan. The company closed its small corporate accounts business in order to better control where its product is ultimately sold. For the fourth quarter, the company is targeting EPS of 40 cents, on net sales of $640 million. |
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Coach Second Quarter Earnings Call
Jan 03, 4:44 AM EST |
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| The net income increased to $227 million or 61 cents a share as against $174 million or 45 cents per share in the prior year. |
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| The designer and retailer of accessories reported revenue of $836 million, up 29% from $650 million in the previous year quarter. While the direct to consumer sales rose 34%, sales through internet grew 46%. Coach plans to add about 40 U.S. retail stores in each of the next three years, bringing the retail store base to over 350 at that time. For fiscal 2007, firm expects to generate EPS of about $1.71 compared with the analysts consensus estimate of $1.67 per share. |
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Telefonos de Mexico Third Quarter Earnings Call
Jan 02, 7:36 AM EST |
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| Net income reached 9.3 billion Pesos, a growth of 38% compared to the third quarter of last year. |
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| The Mexico based provider of fixed line telephones reported 2.1% growth in revenue to 48 billion pesos, on substantial growth in internet access revenue, interconnection revenue and other revenue. In Q3, TELMEX had 18.157 million lines in service, representing 21% of Mexico''s telecommunications market of fixed, mobile and voice services. In the third quarter, the firm added 296,000 broadband Infinitum ADSL accounts in Mexico, bringing the total to roughly 2.7 million services. |
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Circuit City Stores Third Quarter Earnings Call
Jan 01, 4:51 AM EST |
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| Including the non-cash expense for the tax valuation allowance, the net loss touched $208 million as against $19.9 million in the prior year. |
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| The specialty retailer of consumer electronics reported revenue of $2.96 billion, down 3.1% from prior year, on 5.8% decline in comparable store sales. Circuit City believes that it is on track to take out $150 million this year versus its run rate, which annualizes the $200 million in fiscal 2009. The company completed 21 domestic superstore openings in the quarter and it is on track to open 61 to 63 incremental and relocated domestic superstores this year. |
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