Yahoo Earnings Call, Second Quarter 2008
Jul 23, 10:21 AM ET |
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| Litigation defense costs on the Microsoft proposals adversely hit the bottom line, as the commercial agreement with Google is still to payoff. |
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| The global internet brand reported net income of $131 million or 9 cents a share, down 18.6% from $161 million or 11 cents a share in 2007 on high litigation costs, despite revenues rising 6% to $1.8 billion from $1.7 billion in the prior year. Yahoo!''s transformation gained momentum in the second quarter as it announced new product initiatives and partnerships including Publicis, WPP, Havas and premier publishing partners including walmart.com, and CNET and Turner. |
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Eagle Materials Earnings Call, First Quarter 2009
Jul 23, 8:53 AM ET |
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| For the quarter ended June 30, 2008, revenues and net earnings were $176.8 million and $7.8 million, respectively. |
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| Diluted earnings per share for the first quarter of fiscal 2009 were $0.18.The continued contraction in U.S. homebuilding activity and escalating energy costs negatively impacted the company’s wallboard sales prices and costs. Cement sales volumes were negatively impacted by adverse weather conditions in the Midwest. Consolidated net revenues fell by 20% from a year ago and consolidated net earnings declined 79%. Industry wallboard shipments for the quarter were down 17% from a year ago. |
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SunTrust Earnings Call, Second Quarter 2008
Jul 23, 5:14 AM ET |
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| Profit declined to $535.3 million, hurt by higher credit costs. |
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| Revenue increased 9% to $2.6 billion, compared with the estimate of $2.13 billion. Average loans were $125.2 billion, up $7 billion, or 5.9%, from the second quarter of 2007. Mortgage production income was $63.5 million as compared to $64.3 million in the second quarter of 2007. Net charge-offs were $323 million, as compared to $88 million in the second quarter of 2007. The bank said it sold 10 million shares of Coke in June, and in July disposed of another 30 million shares. |
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SanDisk Earnings Call, Second Quarter 2008
Jul 23, 4:07 AM ET |
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| SanDisk swung to $68 million loss and has plans to delay investments in new chip factories to combat the oversupply of flash chips pressuring prices. |
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| Product revenue of $688 million was down 5% on both a sequential and a year-over-year basis and came 61% from the retail channel and 39% from OEMs. ASP per megabyte declined 15% sequentially and 55% year-over-year, in line with expectations. OEM revenue of $266 million was down 13% sequentially and up 13% year-over-year. Non-GAAP product gross margin of 5.7% was 10 points below the middle of the gross margin range provided in April. |
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Apple Earnings Call, Third Quarter 2008
Jul 23, 3:00 AM ET |
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| Profit increased to $1.07 billion on strong sales of Mac computers and iPhones. |
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| Revenue was $7.46 billion, representing 38% growth and an increase of more than $2 billion over the previous June quarter’s revenue of $5.41 billion. Operating margin was better than expected at 18.6%, due primarily to higher-than-anticipated revenue and gross margin. The Apple retail stores delivered strong results with revenue growing 58% year over year to $1.44 billion. The company is expecting revenue of about $7.8 billion in Q4. |
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Schering Plough Earnings Call, Second Quarter 2008
Jul 22, 1:48 PM ET |
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| Profit declined to $398 million, or 24 cents per share, from $517 million, or 34 cents per share, a year ago. Sales rose 55% to $4.92 billion. |
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| The company attributed the 30% drop in second-quarter profit to acquisition-tied charges. Adjusted earnings rose from a year ago beating expectations. Revenues for the quarter increased 55%, boosted by sales from the recent acquisition Organon BioSciences and a favorable currency rate. The company’s Productivity Transformation Program started in April 2008 is expected to realize savings of 10% or $1.5 billion of its 2007 cost base by the end of 2012. |
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Bank of America Earnings Call, Second Quarter 2008
Jul 22, 12:14 AM ET |
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| Pessimistic outlook projected as continued economic sluggishness is expected to result in some further deterioration in credit quality. |
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| The provider or financial services reported a 3% increase in revenues to $20.3 billion from $20 billion in 2007 as consumer and commercial client flows remained strong. However, earnings fell 39% to $3.4 billion or 75 cents a share as credit costs remained high reflecting weaker housing markets, notably in geographic regions that experienced significant home price declines. |
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American Express Earnings Call, Second Quarter 2008
Jul 22, 12:09 AM ET |
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| Sales growth was offset by credit deterioration as the firm intensifies re-engineering efforts towards reducing cost structure and staffing levels. |
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| The credit card company reported income of $655 million or 56 cents a share, down 38% from $1.1 billion or 88 cents a share in 2007, reflecting higher credit losses in U.S. card services. Revenues rose 8% to $7.5 billion on card fee growth. The overall billed business and cards in force growth rate where the gap between performance and that of most major competitors demonstrate the effectiveness and ongoing benefit of marketing and rewards investment over the past several years. |
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Advanced Micro Devices Earnings Call, Second Quarter 2008
Jul 22, 12:04 AM ET |
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| Gross margin was 52%, up from 41% in 2007 on lower unit volumes and ASP’s and changes in product mix. |
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| The firm dedicated to driving open innovation, choice and industry growth by delivering superior customer-centric solutions reported revenue of $1.3 billion, up 3%. However, the challenging economic environ resulted in a net loss of $1.2 billion, or $1.96 per share, down from a loss of $600 million or $1.09 a share in 2007. Customer adoption of the recently introduced microprocessor and graphics products and platform offerings is strong, and there is increasing momentum across the businesses. |
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Media General Earnings Call, Second Quarter 2008
Jul 21, 10:32 AM ET |
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| Preliminary results show a loss of $129,000, or 1 cent per share, versus a year-earlier profit of $5.2 million, or 22 cents per share. |
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| Media General said the latest results do not include a goodwill impairment charge expected to be between $500 million to $550 million. The loss was attributed to the second-quarter severance costs and declining ad revenue. The newspaper publisher and TV station operator said the result from continuing operations was a loss of $1.4 million, or 6 cents per share, including severance charges of 14 cents per share. Revenue fell 10% to $205 million while newspaper advertising revenue dropped 17%. |
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