Erie Indemnity Company Fourth Quarter Earnings Call
Mar 06, 4:41 AM EST |
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| Impacted by the net realized losses on investments, net income fell to $32.6 million from $45.5 million in the prior year quarter. |
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| Erie Indemnity, which offers management services to members Erie Insurance Group, reported management fee revenue growth of 1.1% over prior year quarter. The firm has decided to restructure its Insurance Operations, which accounts for nearly 75% of its total operations, into two areas - Personal Lines, Commercial Lines and Customer Service as well as Agency, Claims and Field Operations. For fiscal 2007, the net income was $212.9 million or $3.43 per share. |
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Netflix Fourth Quarter Earnings Call
Mar 06, 4:37 AM EST |
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| GAAP net income was $15.8 million or 24 cents per share compared with $14.9 million or 21 cents per share in the year ago quarter. |
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| The world’s largest online movie rental service provider ended the quarter with 7.5 million subscribers, an increase of 18% from last quarter while revenues sequentially rose 21% to $302.4 million. The new bundled service, which enables subscribers to receive DVDs through the mail fast and movies and TVs episodes over the Internet instantly, is projected to help the company solidly grow in 2008 and beyond. For fiscal 2008, Netflix projects net income in the range $75 million to $83 million. |
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Dollar Tree Stores Fourth Quarter Earnings Call
Mar 06, 4:24 AM EST |
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| Profit slipped 3% compared to last year's quarterly results, when an extra week of sales boosted results. |
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| The dollar store operator had fewer shares outstanding, which boosted per-share results. It also said an additional week in the year-earlier quarter added 7 cents per share to earnings for that period. Store traffic was down 1.2%, while its average ticket, or the amount customers spent per visit, rose. The company forecasts first-quarter per-share profit to be in the range of 37 cents to 40 cents a share with sales of $1.01 billion to $1.035 billion. |
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American International Group Fourth Quarter Earnings Call
Mar 05, 12:32 PM EST |
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| Net premiums written were up 2.3% to $11 billion from $10.8 billion in the prior year reflective of the difficult operating environment. |
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| The insurer reported a net loss of $5.3 billion or $2.08 a share, from a profit of $3.4 billion or $1.31 a share in 2006 as a number of businesses were adversely affected by their exposure to the domestic residential real estate market. Rapid deterioration in the U.S. residential, real estate and credit markets significantly affected several of the operations and investments. |
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Autozone Second Quarter Earnings Call
Mar 05, 7:23 AM EST |
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| Net income was $107 million or $1.67 a share up 3.6% from $103 million or $1.45 a share in the prior year due to revenue growth. |
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| The retailer and a leading distributor of automotive replacement parts and accessories reported a 3% growth in sales to $1.339 billion, from $1.3 billion in the prior year though same store sales or sales for stores open more than one year were down 0.3%. The firm generated $126 million of operating cash flow and did not repurchase any AutoZone stock as part of the ongoing stock repurchase program. |
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51job Fourth Quarter Earnings Call
Mar 05, 5:58 AM EST |
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| Net income was RMB 21 million as against RMB20 million in the previous year quarter. |
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| The provider of human resources services in China reported revenue of RMB214 million, up 25% over prior year on 31% growth in online revenue. While the number of print advertising pages grew 21% over last year to 4,000 pages, the average revenue per page fell roughly 10% from the prior year. 51job identified some irregularities to contract terms by a third party, which provided services to the firm and currently estimates a potential financial impact of about $1.2 million in 2007 or 2008. |
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Express Scripts Fourth Quarter Earnings Call
Mar 05, 4:57 AM EST |
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| The earnings dropped from $147.2 million or 54 cents per share in previous year to $138.6 million or 54 cents per share. |
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| The provider of pharmacy benefit management services reported revenue of $4.69 billion, an increase of 4% from $4.5 billion in the prior year. The company is reviewing the strategic fit of the infusion business in its product portfolio and is in the process of selling this business unit. During 2007, Express Scripts repurchased 23.1 million shares of its common stock for a total cost of over $1.1 billion. For fiscal 2008, the firm projects EPS in the range of $2.92 to $3. |
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Toll Brothers First Quarter Earnings Call
Mar 05, 4:14 AM EST |
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| Toll Brothers swung to a loss of $96 million after taking hefty writedowns amid the housing slump. |
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| Toll Brothers reported revenue decrease of 23% to $842.9 million. Excluding writedowns and one-time events, the company earned $57.3 million, or 35 cents per share, compared to $54.3 million, or 33 cents per share in the same period last year. The company''s new home order cancellation rate is running between 25% and 30%, well above the 7% average of the past four decades. |
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Dell Fourth Quarter Earnings Call
Mar 05, 3:42 AM EST |
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| Profit fell 6.5%, due in large part to a number of charges it took during the period. |
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| Dell reported revenue increase of 10% to $16 billion from $14.5 billion a year ago. The United States represented 51% of Dell''s sales. Charges included $83 million related to acquisitions, $54 million from restructuring and $27 million in investigation costs. Net income for the full year grew 14% to $2.94 billion, or $1.31 per share. Revenue grew 6% to $61.13 billion. |
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The Dress Barn Second Quarter Earnings Call
Mar 04, 4:53 PM EST |
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| Net sales increased 2% to $345.6 million from $340.3 million in 2006 on sales growth from new stores though comparable store sales dropped 4%. |
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| The apparel retailer reported a 56.5% decrease in earnings to $7.4 million or 12 cents per share from $17 million or 24 cents in 2006, reflective of the highly promotional retail environment. Aggressive promotions resulted in a lower average unit price, with the corresponding effect on margin. The firm continues to search for strategic acquisitions and has a Board approval for $100 million stock buy back though no purchases have been made yet it is building cash for potential acquisitions. |
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