4:05PM American Dairy reports FY08 EPS of $0.60 vs $0.46 in FY07; revs increased 17.9% to $193.2 mln (no ests) (ADY) 18.29 +0.49 : Gross profit increased 4.9% to $76.0 million in 2008 from $72.5 million in 2007. Gross margin in 2008 was 39.3%, compared to 44.2% in 2007. Gross profit margin performance reflects the higher contribution of raw milk powder sales in 2008 as well as a general increase in costs of raw materials.
8:47AM Charles Schwab beats by $0.04, beats on revs (SCHW) 16.36 : Reports Q1 (Mar) earnings of $0.19 per share, $0.04 better than the First Call consensus of $0.15; revenues fell 15.0% year/year to $1.11 bln vs the $1.07 bln consensus. Co says, "Our balance sheet remains strong, with $4.3 billion in equity capital, a long-term debt to total capital ratio of 16%, and approximately $950 million in freely available cash. During the quarter, we took advantage of this strength and repurchased $64 million of our long-term debt, recognizing a one-time gain of $26 million pre-tax. Our net revenues for the first quarter were also affected by modest impairment losses of $14 million on some of the mortgage-backed securities collateralized by Alt-A mortgages that we own in our investment portfolios as long-term holdings. Our portfolios included Alt-A backed securities with an amortized cost of $758 million at quarter-end, which represented just under 2% of the company's cash and investments."
8:09AM Peabody Energy misses by $0.43, misses on revs (BTU) : Reports Q1 (Mar) earnings of $0.50 per share, $0.43 worse than the First Call consensus of $0.93; revenues rose 15.3% year/year to $1.46 bln vs the $1.62 bln consensus. The average U.S. realized price per ton was 16 percent above the prior year, led by higher-value contracts. The 50 percent improvement in the Australian price per ton was related to higher realized metallurgical and thermal coal pricing. Realized prices would have been even higher, had metallurgical coal volumes not been sharply reduced due to customer deferrals, weighting the sales mix toward domestic and export thermal products. Cash flows from operations were $219.8 million, increasing cash balances by $77 million from the fourth quarter, to $526.7 million. As expected, global demand for coal remained sluggish in the first quarter, driven by low capacity utilization at steel mills and declines in electricity demand. Forward price curves are higher for all energy products, and Peabody expects a sharp rebound when economies improve given supply reductions and the lack of current investment in future capacity. With continued uncertainty around the economy, steel demand and electricity generation, Peabody is reducing its 2009 production estimates to 185 to 190 million tons in the United States and 20 to 23 million tons in Australia, with total sales of 225 to 245 million tons.Because full-year global and U.S. delivery levels remain uncertain, and seaborne coal settlements and carryover negotiations are ongoing, Peabody will defer providing full-year financial targets. The company's 2009 results will be affected by a number of issues including the longevity of the global economic slump; Australian seaborne coal pricing, volumes and carryover terms; and the potential for additional customer shipment delays.
8:05AM Burger King sees EPS of $0.33-0.35 vs. $0.33 First Call consensus; sees Q3 (Mar) revs of $600 mln vs. $625.79 mln consensus (BKC) 22.68 : Co issues mixed guidance for Q3 (Mar), sees EPS of $0.33-0.35 vs. $0.33 First Call consensus; sees Q3 (Mar) revs of 600 mln vs. $625.79 mln consensus. Earnings per share were negatively impacted by significant traffic declines in the month of March resulting in lower than expected co restaurant margins for the quarter. The negative impact of lower than forecasted company restaurant margins on earnings was more than offset by continued rev growth, improved general and administrative (G&A) costs, lower interest expense and a lower than forecasted tax expense. Worldwide co restaurant margins were lower than expected primarily due to an unanticipated traffic slowdown in the month of March across most company-owned restaurant markets. Co reports worldwide positive comparable sales of 1.0%.
8:03AM Piper Jaffray beats by $0.06, beats on revs (PJC) 27.08 : Reports Q1 (Mar) loss of $0.17 per share, $0.06 better than the First Call consensus of ($0.23); revenues fell 12.3% year/year to $83.9 mln vs the $81.5 mln consensus. Co said, "Revenues rebounded from the fourth quarter. We are seeing a benefit to our financial results from the senior talent we have added and from the disruption in the competitive landscape. For example, we have completed multiple municipal transactions for new clients and are achieving significant improvement in our fixed income sales and trading results. However, our global investment banking businesses remain challenged."
7:19AM Abbott Labs beats by $0.03, misses on revs; guides Q2 EPS in-line; reaffirms FY09 EPS guidance (ABT) 44.71 : Reports Q1 (Mar) earnings of $0.73 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.70; revenues fell 0.7% year/year to $6.72 bln vs the $7.06 bln consensus. Co issues in-line guidance for Q2, sees EPS of $0.87-0.89, excluding non-recurring items, vs. $0.88 consensus. Co reaffirms guidance for FY09, sees EPS of $3.65-3.70, excluding non-recurring items, vs. $3.67 consensus.
1:59AM Infosys beats by $0.01, reports revs in-line; guides Q1 EPS below consensus, revs below consensus; guides FY10 EPS below consensus, revs below consensus (INFY) 28.76 : Reports Q4 (Mar) earnings of EUR 0.55 per share, excluding non-recurring items, $ 0.01 better than the First Call consensus of EUR 0.54; revenues fell 1.8% year/year to $1.12 bln vs the $1.13 bln consensus. Co issues downside guidance for Q1, sees EPS of $0.47 vs. $0.50 consensus; sees Q1 revs of $1.06-1.08 bln vs. $1.14 bln consensus. Co issues downside guidance for FY10, sees EPS of $1.91-2.00 vs. $2.16 consensus; sees FY10 revs of $4.35-4.52 bln vs. $4.7 bln consensus. Co recommends final dividend of $0.27/ADS for FY09.
No comments:
Post a Comment