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By Adam Satariano Feb. 8 (Bloomberg) — Electronic Arts Inc. , the world’s second-largest video-game publisher, tumbled in extended trading after its full-year forecast trailed some analysts’ estimates. Fiscal 2011 profit, excluding some items, will be 50 cents a share to 70 cents a share, the Redwood City, California-based company said today in a statement. That’s less than the $1 a share projection of Michael Pachter , an analyst at Wedbush Morgan Securities. Sales will be $3.5 billion to $3.7 billion, missing Pachter’s $4.5 billion estimate. The maker of “Madden NFL,” which has cut more than 2,500 jobs since 2008, missed its last two annual profit targets after disappointing holiday sales. Chief Executive Officer John Riccitiello aims to boost profit by releasing fewer titles, cutting costs and expanding online and mobile offerings. Electronic Arts fell $1.33, or 7.6 percent, to $16.16 at 4:34 p.m. after the announcement. The shares, which gained 11 percent last year, rose 23 cents to $17.49 in regular Nasdaq Stock Market trading. The company reported its third-quarter net loss narrowed to $82 million, or 25 cents a share, from a loss of $641 million, or $2 a share, a year earlier. Excluding some items, profit was 33 cents, compared with the 31-cent estimate of 23 analysts surveyed by Bloomberg. Sales fell 23 percent to $1.3 billion. Riccitiello said last month that fiscal 2010 earnings would be lower than expected because of weak holiday sales . The company expects to have a fourth-quarter profit of 2 cents to 6 cents a share after releasing new games including “Mass Effect 2.” Activision Blizzard Inc. , the world’s largest video-game publisher, reports fourth-quarter results on Feb. 10. (Electronic Arts will hold a conference call at 5 p.m. New York time. To listen, go to http://investor.ea.com .) To contact the reporter on this story: Adam Satariano in San Francisco at asatariano1@bloomberg.net .

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Electronic Arts Falls as Game Maker’s Full-Year Forecast Trails Estimates

By Adam Satariano Feb. 8 (Bloomberg) — Electronic Arts Inc. , the world’s second-largest video-game publisher, tumbled in extended trading after its full-year forecast trailed some analysts’ estimates. Fiscal 2011 profit, excluding some items, will be 50 cents a share to 70 cents a share, the Redwood City, California-based company said today in a statement. That’s less than the $1 a share projection of Michael Pachter , an analyst at Wedbush Morgan Securities. Sales will be $3.5 billion to $3.7 billion, missing Pachter’s $4.5 billion estimate. The maker of “Madden NFL,” which has cut more than 2,500 jobs since 2008, missed its last two annual profit targets after disappointing holiday sales. Chief Executive Officer John Riccitiello aims to boost profit by releasing fewer titles, cutting costs and expanding online and mobile offerings. Electronic Arts fell $1.33, or 7.6 percent, to $16.16 at 4:34 p.m. after the announcement. The shares, which gained 11 percent last year, rose 23 cents to $17.49 in regular Nasdaq Stock Market trading. The company reported its third-quarter net loss narrowed to $82 million, or 25 cents a share, from a loss of $641 million, or $2 a share, a year earlier. Excluding some items, profit was 33 cents, compared with the 31-cent estimate of 23 analysts surveyed by Bloomberg. Sales fell 23 percent to $1.3 billion. Riccitiello said last month that fiscal 2010 earnings would be lower than expected because of weak holiday sales . The company expects to have a fourth-quarter profit of 2 cents to 6 cents a share after releasing new games including “Mass Effect 2.” Activision Blizzard Inc. , the world’s largest video-game publisher, reports fourth-quarter results on Feb. 10. (Electronic Arts will hold a conference call at 5 p.m. New York time. To listen, go to http://investor.ea.com .) To contact the reporter on this story: Adam Satariano in San Francisco at asatariano1@bloomberg.net .

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Electronic Arts Falls as Game Maker’s Full-Year Forecast Trails Estimates

Goldman Sachs Helped Push AIG To The Brink

February 6, 2010

Billions of dollars were at stake when 21 executives of Goldman Sachs and the American International Group convened a conference call on Jan. 28, 2008, to try to resolve a rancorous dispute that had been escalating for months.

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Toll Brothers’ Website to Broadcast Its February 24, 2010 "First Quarter 2010 Earnings" Conference Call Live

February 5, 2010

HORSHAM, Pa., Feb. 5, 2010 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, will broadcast live on its website, www.tollbrothers.com, a conference call to discuss its FY 2010 first quarter results. The event is scheduled for 2:00 P.M. (EST) on Wednesday, February 24, 2010. It will follow announcement of the Company’s first quarter 2010 results for earnings, revenues, contracts and backlog before the market opens on Wednesday, February 24, 2010. The call will be hosted by Robert I. Toll, Chairman and Chief Executive Officer.

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Kilroy Realty’s Fourth Quarter 2009 Earnings Conference Call

December 31, 2009

Kilroy Realty Corporation has scheduled its quarterly conference call to discuss its fourth quarter financial results on Tuesday, January 26, 2010 at 11:00 a.m. PT .

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Spyker Makes New Offer to GM for Saab, Saying It Addresses All ‘Obstacles’

December 20, 2009

By Mike Harrison Dec. 20 (Bloomberg) — Spyker Cars NV today said it has submitted a renewed offer for General Motors Co.’s Saab unit. “An 11-point proposal had been submitted to GM, addressing each of the issues that arose during the due diligence process” which will “remove each of the obstacles that were standing in the way of a swift transaction,” Spyker Chief Executive Officer Victor R. Muller said in a statement. GM last week said it will shut the money-losing Saab unit after talks collapsed on a sale to Spyker, the second failure in less than a month to keep the 72-year-old Swedish brand alive. GM and Spyker decided there was “no point in carrying on” after encountering issues that couldn’t be resolved, GM Vice President John Smith said on a conference call on Dec. 18. “We have made every effort to resolve the issues that were preventing the conclusion of this matter and we have asked GM and all other involved parties to seriously consider this offer,” Muller said in today’s statement. “We are very confident that our renewed offer will remove the impasse that was standing in the way of an agreement on Friday, and this would still allow us to conclude the deal prior to the expiry of the deadline originally set by GM of Dec. 31,” he said. Spyker said it’s renewed offer is valid to 5 p.m. Eastern Standard Time tomorrow.

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Swine Flu Rates in U.S. Declined for Fifth Straight Week, CDC Reports

December 4, 2009

By Tom Randall Dec. 4 (Bloomberg) — Swine flu rates declined for the fifth straight week, with the lowest number of reported hospitalizations and deaths in more than two months, according to the U.S. Centers for Disease Control and Prevention. Visits to U.S. doctors for influenza-like illness declined to the lowest level in three months as the flu retreated in seven states in the week ended Nov. 28, the CDC said on its Web Site . Twenty-five states reported widespread activity, down from at least 46 in November. Swine flu, known as H1N1, was first identified in April and swept the globe at an unprecedented rate. The illness prompted governments to activate pandemic-mitigation plans including the biggest-ever flu vaccination program. The illness causes symptoms similar to seasonal flu in most instances though the number of cases remains higher than usual for this time of year. “Although the swine flu appears to be dying out, it’s a wait-and-see question on what’s going to happen with seasonal flu this winter” in the northern hemisphere, said Kurt Krause, director of the Webster Centre for Infectious Diseases at the University of Otago in Dunedin, New Zealand, in a Dec. 2 interview. Swine flu is killing fewer of those who fall ill with the virus than seasonal flu, according to CDC estimates in mid- October that 3,900 people died of the 22 million infected. People older than age 65, who make up 90 percent of seasonal flu deaths, are less likely to be infected with swine flu than other strains, according to the CDC. Children Susceptible Children are more vulnerable to the H1N1 virus than seasonal flu. There have been 251 pediatric deaths since the new strain emerged in April, about six times the annual childhood flu toll, said Thomas Frieden , director of the Atlanta-based CDC, in a conference call today. There are 73 million doses of vaccine now available to states, with more coming, Frieden said. Some areas have enough vaccine to begin administering it to healthy adults, he said. Previously, the shot was aimed at people most at risk: pregnant women, children and those younger than 25, and people with chronic health conditions. Vaccine safety monitoring shows it continues to be as safe as seasonal influenza vaccine, Frieden said today. “We’re still in a period of changing gears, from a time of not having enough vaccine,” to a time of having adequate supply for anyone to receive shots, Frieden said. Seasonal flu kills about 36,000 people in the U.S. each year, according to the CDC. Scientists are split whether a repeat wave of swine flu may come or if seasonal flu will have its usual impact in the next few months, Frieden said last week. To contact the reporters on this story: Tom Randall in New York at trandall6@bloomberg.net

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Investors Real Estate Trust Announces 2nd Quarter Fiscal 2010 Earnings Conference Call

November 30, 2009

MINOT, N.D., Nov. 30, 2009 (GLOBE NEWSWIRE) — Investors Real Estate Trust (Nasdaq:IRET) (Nasdaq:IRETP) has scheduled a conference call for Friday, December 11, 2009, at 9:00 a.m. Central Time, to discuss the Company’s second quarter fiscal year 2010 financial and operating results.

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Brookfield Asset Management Announces 2009 Third Quarter Results

November 6, 2009

TORONTO, ONTARIO–(Marketwire – Nov. 6, 2009) – Brookfield Asset Management Inc. (TSX:BAM.A)(NYSE:BAM)(EURONEXT:BAMA) – Investors, analysts and other interested parties can access Brookfield Asset Management’s 2009 Q3 Results as well as the Shareholders’ Letter and Supplemental Information on Brookfield’s web site under the Investor Centre/Financial Reports section at www.brookfield.com. The 2009 Q3 Results conference call can be accessed via webcast on November 6, 2009 at 11 a.m. Eastern Time at www.brookfield.com or via teleconference at 1-800-319-4610 toll free in North America. For overseas calls please dial 1-604-638-5340, at approximately 10:50 a.m. Eastern Time. The teleconference taped rebroadcast can be accessed at 1-800-319-6413 or 604-638-9010 (Password 2811).

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CoStar Group to Report Third Quarter 2009 Financial Results On October 21, 2009

October 9, 2009

BETHESDA, Md., Oct. 9, 2009 (GLOBE NEWSWIRE) — CoStar Group, Inc. (Nasdaq:CSGP), the number one provider of information, marketing and analytic services to the commercial real estate industry, will announce financial results for the third quarter of 2009 following the market close on Wednesday, October 21, 2009. Management will conduct a conference call to discuss the third quarter results and the company’s outlook for the fourth quarter at 11:00 AM EDT on Thursday, October 22, 2009.

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Lowe’s Falls After Missing Estimates as Consumers Curb Remodeling Projects

August 17, 2009

By Mark Clothier Aug. 17 (Bloomberg) — Lowe’s Cos. , the second-largest U.S. home-improvement retailer, fell as much as 11 percent in New York trading after posting profit that trailed analysts’ estimates and narrowing its full-year forecast. Net income plunged 19 percent to $759 million, or 51 cents a share, from $938 million, or 63 cents, a year earlier, the Mooresville, North Carolina-based company said today in a statement. Analysts projected profit of 54 cents, the average of estimates compiled by Bloomberg. Lowe’s and larger rival Home Depot Inc. are competing for shoppers, who are taking on fewer large remodeling projects during the housing slump. Sales at Lowe’s in the three months ended July 31 fell 4.6 percent to $13.8 billion, also trailing estimates. “This is worse than expected,” Colin McGranahan , an analyst with Sanford C. Bernstein & Co. in New York, said in a telephone interview. “It’s a disappointment, but it’s obviously macro driven.” Lowe’s dropped $2.08, or 9.1 percent, to $20.75 at 10:13 a.m. in New York Stock Exchange composite trading after earlier touching $20.25, the biggest intraday decline since Oct. 10. Before today, the shares had climbed 6.1 percent this year. Home Depot, which reports earnings tomorrow, fell $1.35, or 5 percent, to $25.79. Lowe’s said it will slow its expansion in North America next year probably to 45 stores, at most. The chain incurred a pretax expense of $48 million, or about 2 cents a share , mostly for the cost of pulling out of some of the new store-site agreements. The company opened 18 locations in the second quarter, bringing its total to 1,688 in the U.S. and Canada as of July 31. It plans to open as many as 66 stores this year. ‘Reluctant’ Consumers “Cautious consumers remain reluctant to take on discretionary projects until signs of economic improvement are more evident,” Chairman and Chief Executive Officer Robert Niblock said in the statement. Lowe’s trimmed the high end of its full-year profit forecast by 4 cents, to $1.21 a share. Sales in stores open at least 13 months fell 9.5 percent in the period, the 12th consecutive quarterly decline. Chris Horvers , an analyst with JP Morgan Securities Inc. in New York, projected a decline of 7 percent. McGranahan estimated a 6 percent drop. Transactions of more than $500, which make up about 30 percent of revenue, fell 16 percent in the quarter, Niblock, 46, said today on a conference call with analysts and investors. To contact the reporter on this story: Mark Clothier in Atlanta at mclothier@bloomberg.net

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AIG Will Skip Conference Call When It Releases Earnings Results This Week

August 4, 2009

By Hugh Son Aug. 4 (Bloomberg) — American International Group Inc., the insurer rescued by the U.S. government, will release second- quarter results without a conference call this week as Chief Executive Officer Edward Liddy prepares to step down. AIG, which is scheduled to report earnings before the start of New York trading on Aug

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GE, Harley-Davidson Won’t Need to Separate Finance Businesses, Frank Says

July 29, 2009

By Rachel Layne and Alison Vekshin July 29 (Bloomberg) — General Electric Co. , Harley- Davidson Inc. and manufacturers with finance businesses should be allowed to keep them under a revision of rules to govern banking, U.S.

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GE, Harley-Davidson Won’t Need to Separate Finance Businesses, Frank Says

July 29, 2009

By Rachel Layne and Alison Vekshin July 29 (Bloomberg) — General Electric Co.

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IBM Agrees to Purchase Statistical Software Maker SPSS for $1.2 Billion

July 28, 2009

By Julie Alnwick July 28 (Bloomberg) — International Business Machines Corp. , the world’s biggest computer-services provider, said it will buy SPSS Inc. for about $1.2 billion in cash to gain analytics software. The per-share price is $50, the companies said today in a statement.

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Apple 3Q Profit Up 15 Percent On iPhone Sales

July 21, 2009

SEATTLE (AP) — Apple Inc., the closest thing the tech industry has to a luxury brand, said Tuesday its profit jumped 15 percent in the most recent quarter despite the recession. Sales of Mac computers grew while the rest of the personal-computer industry shrank. The company, which recently welcomed CEO and co-founder Steve Jobs back from a six-month medical leave, said earnings in the quarter that ended June 27 rose to $1.23 billion, or $1.35 per share. Apple’s profit was $1.07 billion, or $1.19 per share, in the same period last year

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