Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (43450)	7/26/2006 4:38:41 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70990

Earnings Call Summaries: SanDisk, D R Horton, BlackRock, and BellSouth Wednesday, July 26, 2006 By 123jump.com Click here for StockHouse Conflicts and Disclosure Policy SanDisk Second Quarter Earnings Call Improved pricing as well as higher retail sales helped net income grow 36% to $95.6 million, or $0.47 a share, over the year-ago period. The revenue at SanDisk (NASDAQ: SNDK, BullBoards), maker of flash memory, grew 40% to $719 million over the year-ago period. As per the NPD independent market data, SanDisk's mobile cards commanded 96% market share in U.S. retail in June. During the quarter, the company has introduced the world's fastest flash card - Extreme IV, which has up to 40 megabyte per second write rate. While the company has not given EPS guidance for third quarter, analysts' expect EPS of $0.58, on sales of $79.19 million. D R Horton Third Quarter Earnings Call Net income dropped 21% to $292.8 million, or $0.93 a share, on slowdown in the housing market. Despite the fall in the net sale order to 14,316 homes from 14,980 homes, the revenue rose 9% over the year-ago period. The largest home builder in the U.S. took a pretax charge of $57.2 million to write off earnest money and pre-acquisition costs related to land option contracts. The firm believes that the overall unit inventory will fall as it delivers backlog and continues to reduce its starts to reflect its current sales environment. D R Horton (NYSE: DHI, BullBoards) has lowered its fiscal 2006 EPS outlook to $3.65. BlackRock Second Quarter Earnings Call Solid performance at its cash management business pushed the second quarter revenues up by almost 33% to $360.7 million over the prior-year quarter. The quarterly earnings of the financial services company included about $12.5 million of expense related to the pending Merrill Lynch transaction and approximately $12.3 million for the firm's Long-Term Retention and Incentive Plan (LTIP) expense. The $8 billion merger deal with Merrill Lynch, which is moving ahead as per the plans, will position BlackRock (NYSE: BLK, BullBoards) as one of the biggest institutes in asset management. For fiscal 2007, EPS is projected to range between $6.45 and $7.05, excluding merger charges. BellSouth Second Quarter Earnings Call Normalized net income crossed the $1 billion mark, aided by strong growth in the Cingular Wireless and high speed Internet services. The revenue of the leading telecom service provider rose marginally to $5.21 billion over the year-ago period. While BellSouth added 128,000 new DSL customers, its total access lines were down by 460,000. The management attributed the decline to seasonal issues, increased usage of mobile phones and strong competition from cable providers. The BellSouth (NYSE: BLS, BullBoards) and AT&T (NYSE: T, BullBoards) merger plan has been approved by the shareholders and the deal is likely to be completed in the fall of this year. 123jump.com provides detailed earnings call summaries on 500 companies per quarter. Earnings Calls Summaries Archive 123jump.com