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Pep Boys Q3 2008 Earnings Call Transcript

123jump.com Staff
06 Jan, 2009
New York City

The automotive aftermarket retail and service chain quarterly revenue declined 12.2% to $464.2 million and comparable sales decreased 10.4%. Net earnings rose to $2.8 million or $0.05 per share as compared to a net loss of $20.6 million or $0.40 per share in 2007. Gain from sale lease back transactions increased from $87 million to $173 million.

Kroger Q3 Earnings Call Transcript

123jump.com Staff
06 Jan, 2009
New York City

The largest independent grocery chain reported same store sales in the third quarter rose at 5.6% and the share of store brands items increased to 27% of total sales. The company plans to spend for capital expenditure between $2 billion and $2.2 billion in fiscal year.

Verizon Falls, Varian Lowers Estimates

123jump.com Staff
06 Jan, 2009
New York City

Verizon and AT&T declined on an analyst downgrade. Barnes & Noble rose after private equity stake disclosure in the bookseller. Best Buy rose on analyst upgrade. Varian Semi lowered revenue estimate for the first quarter.

U.S. Stocks Fall, Earnings Worries

123jump.com Staff
05 Jan, 2009
New York City

U.S. stocks declined on the earnings worries and weak economic cliamte. Manufacturing in China declined for the fifth month in a row. India lowered key lending rate to 8-year low. Auto sales in Japan dropped to a 3-decade low.

UK Stocks Edge Higher; Pound Rises

123jump.com Staff
05 Jan, 2009
New York City

UK stocks edged higher after crude oil reached $47. Adams Childrenswear Limited shut 111 stores and Waterford Wedgewood Plc appointed administrator for its certain UK subsidiaries. The pound rose 2.4% against the euro. Old Mutual led decliners in the FTSE 100 index with a loss of 10%.

India Cuts Rates to 8-Year Low

123jump.com Staff
05 Jan, 2009
New York City

Stocks in Mumbai surged after the Reserve Bank of India cut interest rate to eight-year low. In volatile trading stocks edged above 10,000. The government lifted restrictions for foreign investors and promised more capital for state controlled banks.

Manufacturing in China Shrinks; Stocks Rise

123jump.com Staff
05 Jan, 2009
New York City

Manufacturing index in China dropped for the third month in a row as companies shrink labor force and orders weaken. China plans to unveil stimulus package for auto industry aimed at encouraging sale of low emission cars. China issued third generation telecom licenses.

Tokyo Stock Up 2%, Auto Sales Plunge

123jump.com Staff
05 Jan, 2009
New York City

Stocks in Japan rose after the yen fell and on the hopes that U.S. tax relief will stimulate demand for exports from Japan. Vehicle sales in December dropped 23% and for the year declined 6.5% from a year ago. Vehicle sales declined for the fifth year in a row.

Australian Stocks Fall, PanAust Surges

123jump.com Staff
05 Jan, 2009
New York City

Australian stocks dropped on weak trading on media speculation that the Reserve Bank of Australia is not expected to lower interest rate at the next meeting in February. PanAust led advancers in the ASX 200 index shares with a surge of 106% after rolling over its US$80 million subordinated debt.