Bank of America Earnings Call, Third Quarter 2008
Oct 12, 3:10 PM ET |
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| Third-quarter profit fell to $1.18 billion, or 15 cents per share, from $3.7 billion, or 82 cents per share, a year earlier. |
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| Bank of America posted 68% lower quarterly earnings and halved its dividend to 32 cents per share. Net interest income increased 33% to $11.92 billion from $8.99 billion a year earlier. Noninterest income rose 7% to $7.98 billion. |
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Ruby Tuesday Earnings Call, First Quarter 2009
Oct 12, 9:56 AM ET |
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| The weaker economy, housing crisis, and high energy prices was amplified in a significant drop in the bottom line. |
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| The restaurateur reported a 97% drop in income to $285 000 or 1 cent on weaker margins and revenue decreasing 6.6% to to $324 million. Management is managing the business for the long term with a sense of urgency to stabilize same-restaurant sales and continuing the focus on paying down debt. |
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Alcoa Earnings Call, Third Quarter 2008
Oct 09, 3:08 PM ET |
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| Earnings were $268 million, or 33 cents per share, compared with $555 million, or 63 cents per share, during the same period last year. |
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| Alcoa added that last year results included a net gain of 25 cents per share for the sale of the stake in Chalco. Revenue slid 2% from a year ago to $7.23 billion. Aluminum prices have dropped 32% from an all-time high in July. Alcoa expects all of its North American markets to decline this year. |
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Saks Earnings Call, Second Quarter 2008
Oct 08, 9:56 AM ET |
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| The retailer lost $31.7 million, or 23 cents per share, compared with a net loss of $24.6 million, or 17 cents per share, in the year-ago period. |
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| The retailer saw a wider-than-anticipated loss for the latest quarter with revenue down 3.5% from a year ago to $669.2 million. Saks expects 2008 operating margins, excluding certain items, to drop below 2007 levels. Same-store sales are expected to be from unchanged to down by low-single digit percentages for the second half of the fiscal year. |
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Research In Motion Earnings Call, Second Quarter Fiscal 2009
Oct 07, 11:12 AM ET |
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| Gross margin for the second quarter was 50.7%, in line with our expectations. The management reported that Q2 fiscal 2008 gross margin was 51.3%. |
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| The leading designer, manufacturer and marketer of innovative wireless solutions generated Q2 revenues of $2.58 billion, an increase of 15% from the second quarter fiscal 2008. The management reported that devices made the largest revenue contribution of 82% and the company shipped about 6.1 million devices in the quarter. The net income for the quarter was $495.5 million compared with $482.5 million in the prior quarter and $287.7 million on the previous year quarter. |
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The Buckle Earnings Call, Second Quarter 2008
Oct 05, 9:56 AM ET |
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| The apparel company earned $22.3 million, or 72 cents per share compared with a year-ago profit of $11.8 million, or 38 cents per share. |
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| The Buckle said that its quarterly profit surged 89%, same-store sales increased nearly 30%. Revenue jumped 37% to $169.8 million, up from $124.3 million a year earlier. Latest quarter results included a $3 million gain, worth 6 cents per share in the quarterly numbers, from an insurance payout. |
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Global Sources Earnings Call, Second Quarter 2008
Oct 04, 2:45 AM ET |
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| Net income totaled $8.4 million, or 18 cents per share, versus net income of $4.2 million, or 9 cents per share a year ago. |
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| Global Sources said that stripping out one-time items, the company earned $9.9 million, or 21 cents per share, compared with $8.8 million, or 19 cents per share, a year earlier. Revenue rose 21% to $63.7 million from $52.5 million on 30% stronger online sales thanks to the success of Global Sources Online 2.0. For the third quarter the company expects earnings of 2 cents to 3 cents per share vs. 11 cents last year. Revenue is expected to increase 14% to 15% to between $38.5 and $39 million. |
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Pepsi Bottling Group Earnings Call, Third Quarter 2008
Oct 04, 7:31 AM ET |
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| Global diversification cushions from the sluggish US economy as international business drives revenue growth despite weak earnings. |
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| The bottling firm had a 2% rise in sales to $3.8 billion though earnings fell 11% to $231 million or $1.06 a share on a higher tax expense. Strategic priorities are to strengthen the global brand portfolio, improve operating capabilities and capitalize on international growth opportunities. |
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Walgreen Earnings Call, Fourth Quarter 2008
Oct 04, 7:29 AM ET |
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| Economic challenges push Americans to scale to down on doctor visits and medication use. |
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| The drug store chain reported a 9% rise in sales to $15 billion, pushing income 12% higher to $443 million or 45 cents a share on strong retail margins. Walgreen is moderating its organic growth rate to create greater operational and financial flexibility and drive earnings growth. |
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Oracle Earnings Call, First Quarter 2009
Oct 04, 7:27 AM ET |
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| The scale of the business combined with recurring revenue model enabled the firm to deliver free cash flow and net income growth. |
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| The enterprise software company reported earnings growth of 28% to $1.1 billion or 21 cents a share from $840 million or 16 cents in the prior year due to an 18% rise in revenue to $5.3 billion. The firm has been gaining market share and claiming key contracts from main rivals. |
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