Starbucks Second Quarter Earnings Call
May 15, 5:11 PM EDT |
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| The firm is focusing on re-energizing and sharpening the focus on the brand and business as it takes decisive steps towards transformation. |
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| The coffe maker reported earnings of $108.7 million or 15 cents a share, down 27.9% from $150.8 million or 19 cents a share in 2007, as revenues were up 12% to $2.5 billion, with the softness driven by a decline in U.S. comparable store sales, driven by decreased traffic, which is related to the challenging economic environment. Starbucks has evaluated the business to assess the opportunities to better leverage resources and gain efficiencies in the cost structure. |
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Marchex First Quarter Earnings Call
May 15, 12:35 PM EDT |
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| The company is well positioned to be a leader in the local advertising and search ecosystems, aided by focus on strategic links and product milestones |
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| The online search and advertising company reported revenues of $37 million compared with $34.2 million in the same period last year. The GAAP net loss to common shareholders was $1.2 million or 3 cents per share versus GAAP net income to common shareholders of $548,000 or 1 cent per share for the first quarter of 2007. The management now anticipates full year revenue to be approximately $152 million or more. |
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Erie Indemnity First Quarter Earnings Call
May 15, 12:10 PM EDT |
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| The net operating income per share decreased 9.7% to 78 cents in the first quarter compared to 86 cents per share in last year. |
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| The insurance services company reported that the management fee revenue was 25% in the quarter, flat compared to the prior year. During the quarter, the net income fell by 46.8% to 30 million from $56.4 million in the prior year quarter, driven by net realized losses on investments due to changes in fair value in the firm’s common stock since it adopted FAS-159. In Q1, the realized losses on investments from changes in the fair value of the common stock were $13.7 million. |
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OfficeMax First Quarter Earnings Call
May 15, 4:38 AM EDT |
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| Profit rose to $63.3 million from $58.5 million a year earlier. |
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| Sales declined to $2.3 billion, reflecting the weaker US economy, deliberate focus on profitable sales and the negative impact of the Easter holiday shifting to Q1 2008 from Q2 last year. Bottom line net income increased to $63.3 million or 81 cents per share. Retail operating income was reduced by about $10 million from the 77 stores opened last year due to occupancy and operating costs on lower sales. Capital expenditures for 2008 are expected to total between $200 million and $220 million. |
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FPL Group First Quarter Earnings Call
May 15, 3:55 AM EDT |
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| Earnings rose to $249 million, helped by strong results at its FPL energy unit. |
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| Adjusted earnings were 76 cents a share, up from 70 cents a share a year earlier. FPL Energy’s net income included a net unrealized after-tax loss of $56 million associated with the mark-to-market effect of non-qualifying hedges and OTTI. Customer growth in Florida Power & Light slowed because of economic conditions in Florida, especially those related to the housing market. FPL Group reaffirmed its target for 2008 adjusted earnings of $3.83 to $3.93 a share and $4.15 to $4.35 a share for 2009. |
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Cummins First Quarter Earnings Call
May 15, 3:38 AM EDT |
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| Net profit increased to $190 million as stronger international demand helped offset rising commodity prices. |
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| Sales grew 23% to $3.47 billion. Strong performance in international markets helped offset rising commodity prices and weakness in some U.S. consumer-related markets. Demand was strong for medium-duty truck engines in the U.S. and for commercial generator sets in India, Great Britain, Asia and the Middle East. The company''s joint venture earnings jumped 86%, boosted by emerging markets such as China and India, and by the company''s North American distributors. |
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Las Vegas Sands First Quarter Earnings Call
May 15, 3:07 AM EDT |
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| The company posted a first-quarter net loss of $11.2 million, citing higher operating costs. |
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| Net revenue increased 71.8% to $1.08 billion compared to $628.2 million in Q1 2007. Las Vegas casino revenue rose 24% to $147.8 million, while hotel revenue rose 42% to $136.2 million. Total debt outstanding, including the current portion, was $8.37 billion. Adjusted property EBITDAR for Las Vegas operations increased 9.3% to $122.6 million compared to $112.1 million in the first quarter of 2007. The company''s projected effective tax rate for the full year 2008 is approximately 6.2%. |
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Dun & Bradstreet First Quarter Earnings Call
May 14, 7:36 AM EDT |
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| The Dun leveraged the free cash flow to make ongoing investments in the business to support the long-term growth strategy. |
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| The provider of commercial information reported income growth of 16%, to $61.2 million or $1.07 a share as revenue was $414.7 million, up 8% from $379 million in the prior year. The firm continues to benefit from the financially flexible business model, which has allowed it to invest while returning cash to shareholders. It is also benefiting from the diversity of the portfolio, which is well balanced across products, customers and geographies. |
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Akamai Technologies First Quarter Earnings Call
May 14, 7:31 AM EDT |
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| Strong demand for services continued as businesses continued to take advantage of the Internet to build global scale and reduce costs. |
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| The provider of market-leading managed services for powering rich media, dynamic transactions, and enterprise applications online reported income growth of 93% to $36.9 million, or 20 cents per share from $19.12 billion or 12 cents a share in 2007 on revenue growth. Revenue of $187 million, was 34% up from $139.3 million in the year ago period due to organically-driven growth. The performance illustrates the value of having a broad portfolio of solutions and a diverse set of customers. |
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Time Warner First Quarter Earnings Call
May 14, 7:24 AM EDT |
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| Substantial progress was made on key structural initiatives to better align the organization for the volatile operating environment. |
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| The media firm reported a 2% growth in revenues to $11.4 billion though growth was stunted by the declines in AOL subscription revenue. Income was down 36% to $771 million or 22 cents a share, due largely to the absence of the significant gain on the sale of AOL’s Internet access business in Germany in the prior year quarter. Time Warner has been engaged in discussions with Cable''s management and is close to reaching an agreement on the terms of a separation. |
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