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O'Reilly Automotive Q1 Earnings Call Transcript

123jump.com Staff
29 Jun, 2010
New York City

Sales rose 10% to $1.28 million and net income rose 55% to $97.5 million or 70 cents a share. Gross profit was 48.3% of sales for the quarter versus 46.6% in the prior year. Operating margin for the quarter was extremely strong 13.2% of sales. An improvement of 342 basis points over the prior year.

U.S., World Markets Up; Tobacco Stocks Rally

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
28 Jun, 2010
New York City

U.S. stocks closed higher as personal income and spending rose. World leaders agreed to cut budget deficits by half in the next six years and recapitalize banks. Tobacco stocks traded higher after the Supreme Court rejected to hear the case between the U.S. and cigarette makers.

UK Stocks Decline; BP Cleanup Costs Soar

Arthi Gupta, Mayank Mehta and Sanjay Barot
28 Jun, 2010
New York City

The UK indexes fall despite gains by miners. UK home price edges up 0.1% in June. G20 leaders agree to balance fiscal consolidation with the need to maintain pro-growth economic policies. BP Plc estimates $2.7 billion cleanup costs for the Gulf of Mexico oil spill.

Apple, Boeing Decline; Merck, NYSE Gain

Mayank Mehta
28 Jun, 2010
New York City

Apple Inc said it sold 1.7 million iPhone 4 in the first three days of selling. Isle of Capri dropped after it filed to sell as many as 9 million shares. BP Plc gained on the speculation that its chief executive may resign as early as today.

Cautious Trading in Europe

Arthi Gupta, Mayank Mehta and Sanjay Barot
28 Jun, 2010
New York City

European markets climb after the group of 20 leaders endorsed targets to cut deficits by at least half by 2013. Euro-zone private lending rose 0.2% in May. German consumer price inflation eases 0.1% in June.

G20 Summit Vows Stringent Financial Reforms

Arthi Gupta
28 Jun, 2010
New York City

Leaders of the G20 countries agreed to cut government debt at the group''s summit in Toronto, Canada. Leaders of largest economies announced they would cut deficits in half by 2013 and stabilize their debt-to-GDP ratios by 2016.

U.S. Stocks Rise; Personal Income Rises

Arthi Gupta, Mayank Mehta and Sanjay Barot
28 Jun, 2010
New York City

U.S. stocks rise after leaders at the G20 summit agreed to push the economic recovery while targeting significant reductions in deficit spending by 2013. U.S. personal income rises 0.4% and spending increases 0.2% in May.

Australian Stocks Fall; G20 Worries

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
28 Jun, 2010
New York City

Stocks in Australia traded lower on global sentiments. G-20 summit decides that banks need higher capital and agreed to cut budget deficits by half by 2013. Miners urge for speed on tax talks. Valspar agrees to acquire Wattyl Ltd. for A$142 million.

Nikkei Slips; Retail Sales Growth Declines

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
28 Jun, 2010
New York City

Stocks fall across all sectors dragging the indexes lower. Retail sales in Japan grew at the slowest pace since January, says a government report. The yen fell against the euro after the G-20 meeting endorsed targets to reduce budget deficits.

Local Debt Surge Worries China Regulators

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
28 Jun, 2010
New York City

Stocks in Shanghai declined for the fourth day in a row but in Hong Kong gained. Regulators said that local government controlled entities borrowing surged 70% that may be unsustainable. Air China signs deal with Boeing to buy 20 new planes.

India Decontrols Fuel Prices; Rcom, GTL Deal

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
28 Jun, 2010
New York City

Stocks in Mumbai traded higher after the government decontrols fuel prices. Reliance Communications and GTL merge their telecom tower holdings to form the largest telecom tower company in the world. Reliance Industries finds more oil in Cambay basin. Resurgere Mines raises $53 in a GDR issue.

Red Hat, Inc. Q1 2011 Earnings Call Transcript

123jump.com Staff
28 Jun, 2010
New York City

Revenues rose 20% to $209.1 million & net income rose 30.3% to $24.1 million or 12 cents a share. Operating cash flow of $61 million was in line with Q1 last year. Non-GAAP operating expense came in at $126 million up 3% sequentially and 16% year-over-year. Non-GAAP operating income was $52 million.

Three More U.S. Banks Closed

123jump.com Staff
25 Jun, 2010
New York City

Bank regulators shut down three banks as commercial real estate loans sour across the nation. Banks in Florida, Georgia and New Mexico were closed today by the FDIC totaling 86 banks for the year.

Banks in New York Rise; World Stocks Struggle

Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
25 Jun, 2010
New York City

World leaders gather in Toronto to discuss the global economic health and future course of action. Three banks were seized by the U.S. regulators totaling bank failures to 86 for the year. Stocks struggled, bonds, metals and commodities gained after the U.S. lowered first quarter economic growth.

BP Drops 6%; UK Indexes Weak

Arthi Gupta, Mayank Mehta and Sanjay Barot
25 Jun, 2010
New York City

The UK indexes slump after BP Plc stocks plunged to a 14-year low. BP Plc provided an update on developments in response to the oil well incident in the Gulf of Mexico. Leaders of G20 nations are scheduled to meet this weekend to discuss the future course of action to sustain economic recovery.

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