Men’s Wearhouse Earnings Call, Second Quarter 2008
Aug 28, 6:40 PM ET |
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| Underlying assortment strategy impacting the business incorporates a de-emphasis on non-branded price driven product to trend right branded product. |
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| The specialty retailer of men’s apparel reported a 4.2% decline in company sales performance to $545.3 million declined 4.2% from $569 million in 2007 as both clothing sales and tuxedo rental revenue dropped 4% and 5.3% respectively. EPS was 63 cents a share, down from 27% from $1.00 in the prior year on higher costs and lower sales. |
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Motorola Earnings Call, Second Quarter 2008
Aug 28, 6:38 PM ET |
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| The firm is on track to achieve the $1 billion cost structure reduction in 2008 as it forges ahead with plans to split the company into two. |
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| The mobile communications solutions provider reported sales of $8.1 billion, down 7% from $8.73 billion in 2007 due to lower sale in mobile devices, partially offset by higher sales in Home and Networks Mobility and Enterprise Mobility Solutions. Earnings marginally strengthened to $4 million or 2 cents per share, up from a loss of 28 million or 2 cents a share in 2007 due to an improved overall gross margin percentage and lower operating expenses as well as higher non-operating income. |
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K-Swiss Earnings Call, Second Quarter 2008
Aug 28, 6:36 PM ET |
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| The full-year guidance range to account for the deteriorating domestic and international backlog. |
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| The specialty footwear retailer reported a 17% drop in revenues to $85.2 million, from $103 million in 2007 on an 18% decrease in the volume of footwear sold. A favorable litigation settlement pushed earnings 244% to $26 million or 75 cents a share. Estimates for the year continue to reflect the decline in domestic revenues, investments in product development and marketing for the K-Swiss brand, slowdown of international operations and continued investment in the Royal Elastics brand. |
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Massey Energy Earnings Call, Second Quarter 2008
Aug 28, 8:53 AM ET |
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| Excluding the Wheeling Pittsburgh litigation charge, new records were set for operating cash margin per ton, EBITDA and EPS. |
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| The coal company reported a year-over-year increase of 38% in second quarter produced coal revenue and an 8% increase in produced coal tons sold. The increase reflects the company’s expanding operations in Central Appalachia. Excluding the WP litigation, the company posted net income of $92.2 million or $1.15 versus net income of $34.9 million or 43 cents in the second quarter of 2007. The company expects full year 2008 produced coal shipments in the range of 41.5 million to 43 million tons. |
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FactSet Research Systems Earnings Call, Third Quarter 2008
Aug 28, 5:12 AM ET |
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| Earnings rose 14% to $32.5 million due to growth in its user and client base. |
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| Revenue was $147 million versus $121 million in the year-ago quarter. Free cash flows exceeded net income by 41% and over the last 12 months free cash flow and net income are nearly identical. Capital expenditures for computer equipment were $7.6 million and the remainder covered office space expansion. For Q4, FactSet expects revenue to be in the $150 million-$154 million range. |
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First Solar Earnings Call, Second Quarter 2008
Aug 28, 5:03 AM ET |
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| Profit increased 57%, as higher-than-expected production from a new plant in Malaysia helped it meet surging demand. |
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| Net sales were $267 million, an increase of $70.1 million, or 35.6% over the first quarter of 2008 and an increase of $189.8 million compared to the same period of 2007. Gross margin was 54.2%, up from 53% Q1 2008, benefiting from favorable foreign exchange rate trends, increased conversion efficiency, higher module run rates and lower material costs. Interest income was $4.9 million, reflecting an average pretax yield of 2.9% and compared to $6.7 million in the first quarter of 2008. |
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American Eagle Outfitters Earnings Call, Second Quarter 2008
Aug 28, 3:25 AM ET |
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| The company earned $59.8 million, or 29 cents per share in the quarter compared with $81.3 million, or 37 cents per share, in the year-ago period. |
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| The teen retailer attributed the 26% decline in second-quarter net income to the weak sales of women''s apparel, particularly denim. Sales dropped 2% from a year ago to $688.8 million, while same-store sales declined 9%. The merchant issued a downbeat outlook for the third quarter projecting earnings in a range of 31 cents to 36 cents per share. American Eagle continues to expand its value offerings and step up promotional events to gain market share. |
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Harris Earnings Call, Fourth Quarter 2008
Aug 27, 12:12 AM ET |
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| The Company achieved excellent financial results, notwithstanding the unexpected higher costs and accounting errors in Q4 at Harris Stratex Networks. |
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| The international communications and information technology company reported that fourth quarter revenue increased 19% to $1.4 billion compared with $1.2 billion in the previous year quarter. The fourth quarter GAAP net income was $122 million versus $88 million in the prior year quarter. The management has re-confirmed its earnings guidance for fiscal 2009 in the range of $4.05 to $4.15 per share. |
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Gymboree Earnings Call, Second Quarter 2008
Aug 27, 9:08 AM ET |
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| The firm is continuing its focus on long term growth while managing through the current challenging retail landscape. |
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| The specialty retailer reported sales of $206 million versus $182 million for the prior year an increase of 13% as income increased 38% to $8 million or 27 cents a share versus $5.8 million or 19 cents a share in 2007 on revenue growth. With a multi-brand strategy focused on reaching every mom in America significant store growth in current proven concepts and major market share opportunities, it is on track for solid growth for the next several years. |
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News Earnings Call, Fourth Quarter 2008
Aug 27, 9:06 AM ET |
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| Despite the recessionary environ, growth in drivers and balance sheet strength will help weather this storm and strengthen and grow the businesses. |
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| The media firm reported 16% growth in revenue to $8.6 billion, driving income up by 27% to $1.13 billion or 43 cents a share from $890 million or 28 cents a share in 2007 coupled by strong performance in filmed entertainment. The escalating price of energy, the contraction of real estate values, and liquidity and competence issues in the finance sector are creating economic shocks that will likely be felt by the vast majority of consumers in the U.S. as well as in Europe and maybe elsewhere. |
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