Family Dollar Stores Earnings Call, Third Quarter 2008
Aug 29, 5:34 AM ET |
|
| Net sales were $1.702 billion, or 2.9% above sales of $1.655 billion for the third quarter of fiscal 2007. Traffic and transaction trends improved. After a decline in March resulting from the shift in Easter, customer traffic and transaction trends stabilized. The tax rate was 36.1% compared with 35% in the third quarter last year. For Q4, comparable store sales will increase 4% to 6% compared to Q4 2007. |
|
|
Full Story... |
NYSE Euronext Earnings Call, Second Quarter 2008
Aug 29, 4:29 AM ET |
|
| The Company continued to build on a record Q1 with Q2 results a reflection of strength and earnings potential from the highly diverse business model. |
|
| The exchange group generated higher second quarter revenues of $1,153 million compared with $1,077 million for the same period in fiscal 2007. The reported net income of $195 million represents a $34 million or 21% increase versus net income of $161 million for the second quarter of 2007. The management reported that the drivers for the reported higher Q2 revenues, net income and EPS were increased transaction volumes and expense management. |
|
|
Full Story... |
Men’s Wearhouse Earnings Call, Second Quarter 2008
Aug 28, 6:40 PM ET |
|
| Underlying assortment strategy impacting the business incorporates a de-emphasis on non-branded price driven product to trend right branded product. |
|
| 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. |
|
|
Full Story... |
Motorola Earnings Call, Second Quarter 2008
Aug 28, 6:38 PM ET |
|
| 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. |
|
| 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. |
|
|
Full Story... |
K-Swiss Earnings Call, Second Quarter 2008
Aug 28, 6:36 PM ET |
|
| The full-year guidance range to account for the deteriorating domestic and international backlog. |
|
| 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. |
|
|
Full Story... |
Massey Energy Earnings Call, Second Quarter 2008
Aug 28, 8:53 AM ET |
|
| Excluding the Wheeling Pittsburgh litigation charge, new records were set for operating cash margin per ton, EBITDA and EPS. |
|
| 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. |
|
|
Full Story... |
FactSet Research Systems Earnings Call, Third Quarter 2008
Aug 28, 5:12 AM ET |
|
| Earnings rose 14% to $32.5 million due to growth in its user and client base. |
|
| 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. |
|
|
Full Story... |
First Solar Earnings Call, Second Quarter 2008
Aug 28, 5:03 AM ET |
|
| Profit increased 57%, as higher-than-expected production from a new plant in Malaysia helped it meet surging demand. |
|
| 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. |
|
|
Full Story... |
American Eagle Outfitters Earnings Call, Second Quarter 2008
Aug 28, 3:25 AM ET |
|
| 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. |
|
| 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. |
|
|
Full Story... |
Harris Earnings Call, Fourth Quarter 2008
Aug 27, 12:12 AM ET |
|
| The Company achieved excellent financial results, notwithstanding the unexpected higher costs and accounting errors in Q4 at Harris Stratex Networks. |
|
| 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. |
|
|
Full Story... |
|
|
