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Hewlett-Packard Company (HPQ) F2Q3 Earnings Conference Call May 22, 2013 5:00 p.m. ET Executives Margaret C. Whitman – President and Chief Executive Officer Rob Binns – Vice President, Investor Relations Catherine A. Lesjak – Executive Vice President and Chief Financial Officer Analysts Kathryn Huberty - Morgan Stanley Benjamin Reitzes - Barclays Capital Mark Moskowitz - JPMorgan Toni Sacconaghi - Sanford Bernstein Shannon Cross - Cross Research Keith Bachman - BMO Capital Markets Brian Alexander - Raymond James & Associates Steven Milunovich - UBS Aaron Rakers - Stifel Nicolaus Bill Shope - Goldman Sachs Presentation Operator Good day, ladies and gentlemen, and welcome to the second quarter 2013 Hewlett-Packard earnings conference call. My name is John and I will be your operator for today's call. At this time all participants are in a listen-only mode. We will be facilitating a question-and-answer session towards the end of the conference. (Operator Instructions) As

Semtech (SMTC) Q1 2014 Earnings Call May 22, 2013 5:00 pm ET Executives Linda Brewton Emeka N. Chukwu - Chief Financial Officer, Principal Accounting Officer and Senior Vice President of Finance Mohan R. Maheswaran - Chief Executive Officer, President and Director Analysts Jonathan Steven Smigie - Raymond James & Associates, Inc., Research Division Craig A. Ellis - B. Riley Caris, Research Division Richard E. Schafer - Oppenheimer & Co. Inc., Research Division Harsh N. Kumar - Stephens Inc., Research Division Gabriela Borges - Goldman Sachs Group Inc., Research Division Tyler Radke - Lazard Capital Markets LLC, Research Division Terence R. Whalen - Citigroup Inc, Research Division Presentation Operator Good afternoon. My name is Rachel, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Q1 FY '14 earnings release call. [Operator Instructions] Linda Brewton, Head of Investor Relations, you may begin your

While the S&P 500 has been speeding toward new highs, the Dow Jones Transportation ETF (IYT) is really burning up the fast lane. So is it still a good bet? A Thomson Reuters StarMine model analysis shows that the Dow Transports don't seem to be hitting any big stop signs in the near future, especially when it comes to the latest analyst earnings growth forecasts.Check out the chart below. Through May 15, the S&P 500 (blue line) climbed 17%; the S&P 400 midcap index (orange line) jumped 19% -- and the Dow Jones Transports ETF (red line) beat them both, recording a 24% gain in total return. (click to enlarge) As we approach the Memorial Day weekend, investors seem torn between fear and greed -- fear that these lofty heights augur a correction… and the lure of potential further gains. Not everyone's bullish in the short run. Some analysts

Kodiak Oil and Gas Corporation (KOG) 2013 UBS Global Oil and Gas Conference Call May 22, 2013 1:30 PM ET Executives Lynn Peterson – Chairman, President and CEO Presentation Unidentified Analyst Very happy to have Kodiak Oil & Gas being our next presenter. A lot of exciting things going on with 12 well pilot tests that’s coming online in the second half of this year. So, we will sure of get better understanding of the down-spacing in the Bakken and additional results from the lower Three Forks. So, here to tell us about it is Lynn Peterson, Chief Executive Officer from the company and Jimmy Henderson, Chief Financial Officer. Lynn Peterson Thank you, (Betty) and thanks UBS for including us. Alright, however, we make this work. We are a pretty straightforward story with the Williston Basin story. We have got about 155,000 net acres in the basin continuing to look

Kraton Performance Polymers, Inc. (KRA) Goldman Sachs Basic Materials Conference Call May 22, 2013 14:20 ET Executives Kevin Fogarty - Chief Executive Officer Steve Tremblay - Chief Financial Officer Analysts Brian Maguire - Goldman Sachs & Co. Presentation Brian Maguire - Goldman Sachs & Co. Okay. Thanks everyone for sticking around. We have our final presentation of the day. Happy welcome to Kraton Performance Polymers here. We are very happy to have CEO Kevin Fogarty. Kevin? Kevin Fogarty - Chief Executive Officer Thanks, Brian. Good afternoon everybody. I hope I assume I can advance this by doing here we go get through the disclaimers quickly. Let me give you a quick overview of Kraton. Kraton is world’s largest producer, supplier, innovator of styrenic block copolymers. Just about every measure in terms of share points to Kraton is the clear market leader. You can see pie charts at the bottom, how

Valero Energy Corporation (VLO) 2013 UBS Global Oil and Gas Conference Call May 22, 2013 12:20 PM ET Executives William Klesse – President and CEO Analysts Craig Weiland – UBS Presentation William Klesse All right, so as a brief overview of Valero, we're a refining and wholesale marketing company. Very focused on that business now, we have ethanol production as well, lots of logistics, but we did spend off our company retail two years, so we have about 16 refineries, 2.8 million barrels a day of capacity. We're large obviously. As I said, we're a wholesale marketer, we have a branded wholesale marketing segment in the business. And about 7,300 branded outlets, they're actually Valero, Diamond Shamrock, Shamrock, Texaco, Beacon, Ultramar. So we have all these different brands. We're in the corn and ethanol business, we're third largest producer there. We also have a plant that will start up here

ValueVision Media (VVTV) Q1 2014 Earnings Call May 22, 2013 4:30 pm ET Executives Teresa Dery - Senior Vice President, General Counsel and Corporate Secretary Keith R. Stewart - Chief Executive Officer, Director, Member of Special Committee, Chief Executive Officer of ShopNBC, President of ShopNBC and Director of ShopNBC William J. McGrath - Chief Financial Officer and Executive Vice President G. Robert Ayd - President Carol Steinberg - Chief Operating Officer Analysts Mark E. Smith - Feltl and Company, Inc., Research Division Alex J. Fuhrman - Piper Jaffray Companies, Research Division Gregory J. McKinley - Dougherty & Company LLC, Research Division Gunnar Hansen - Sidoti & Company, LLC Wilson S. Jaeggli - Southwell Management, L.P. Presentation Operator Good afternoon, and welcome to the ValueVision Media Fiscal 2013 First Quarter Conference Call. [Operator Instructions] This call is being recorded for instant replay. I would now like to turn the call over

Staples (NASDAQ:SPLS) recently reported its first quarter earnings and discussed the following topics in its earnings conference call. Delivery Business Breakout Dan Binder – Jefferies & Company: I had a couple questions for you. First on the delivery business, I was wondering if you could breakout for us what your – in terms of the positive sales that you saw there, how much of it was generated from acquisition of accounts versus growth in spend for existing accounts? Joseph G. Doody – President, North American Commercial: First, let me break (it out) a little bit between Quill and contract. Now, Quill had a very good quarter; in fact, Quill had their best quarter in more than five years, with a positive 3% growth. There, it was heavily driven by new business, also the marketplace ramp up with the expanded assortment was a clear driver of growth for them, and they continued to have a strong growth in facilities and breakroom. But, clearly, it was a combination thereof both, the new business and some increased sales to existing customers, primarily though the assortment expansion and facilities and breakroom. In contract, there we had positive sales growth, over 200 basis points improvement from Q4. Sales to existing customers were up slightly. We also continued to see very strong growth facilities and breakroom. Our new business acquisition was up slightly in terms of number of new accounts and as far as new business from those accounts, it was up more significantly. So little bit bigger average new customer it was brought on and that we continue to see a very strong growth in facilities and breakroom there as well. NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! Dan Binder – Jefferies & Company: Once you get to the SKU count that you want to online in delivery, I know you noted that there was about $1 million per week coming in from those extra – from those new SKUs that you’ve added over the last year. I think you’re doing like 300,000 or 400,000 SKUs, but what do you ultimately think that can generate in terms of incremental dollars either per year, per week however you want to frame it? Joseph G. Doody – President, North American Commercial: I don’t think we’ve really given out a forecast on that Dan. First I’d say that the $1 million per week right now is essentially the run rate on our Staples.com site. We also noted that Quill.com is getting some good growth there as well, probably more like a third of that, that in terms of size of magnitude, but we’re very happy with the ramp up and we continue to add new SKUs, get incremental sales and incremental margin dollars from those… Dan Binder – Jefferies & Company: Then Ron, my last question was around the sales guidance for Europe. Obviously, with the negative number in Q1 you sort of start out, bit of a whole you have to make up some ground. I’m just curious, at what point do you think the business could inflect. Is it as early as next quarter or are we thinking more back half? NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! Ronald L. Sargent – Chairman and CEO: It’s hard for me to predict what our sales going to be three months from now, but our plan is certainly to accelerate from the first quarter every quarter this year and I think the online expansion is a big part of that, but we’ve also got a lot of new things coming on our retail side of our business. I do think we will have a drag from the stores we closed throughout the year, but we expect the sales to continue to grow from here and in the year at slight positive top line sales growth, which I think would be not only our plan, but what we’re expecting even after the first quarter. Top Line Growth Gary Balter – Credit Suisse: I wanted to ask more a t

Polo Ralph Lauren (NYSE:RL) will report earnings before markets open on Thursday, May 23rd. Polo Ralph Lauren Corporation designs, markets, and distributes men’s, women’s and children’s apparel, accessories, fragrances, and home furnishings. The Company’s products are sold under a wide range of brands. Polo’s operations include Wholesale, Retail and Licensing. Here is your Cheat Sheet to Polo Ralph Lauren Earnings: Earnings Expectations: Analysts expect earnings of $1.30 per share on revenues of $1.70 billion. Currently, the company’s P/E ratio stands at 24.59. Analyst Trends: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $2.35 and has not changed. For the current year, the average estimate is a profit of $8.03, which is the same as the estimate ninety days ago. The stock market is at 5-year highs! Discover the best stocks to buy in today’s market. CLICK HERE for Your Stock Investor Cheat Sheet NOW! Earnings Trends: Here’s how Polo Ralph Lauren has been performing on an annual basis: Fiscal Year 2009 2010 2011 2012 Revenue ($) in millions 5,019 4,979 5,660 6,860 Diluted EPS ($) 4.01 4.73 5.75 7.13 Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data: Quarter Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Revenue ($) in millions 1,579.50 1,551.40 1,815.40 1,795.90 Diluted EPS ($) 0.99 2.03 2.29 2.31 Past Performance: Polo Ralph Lauren has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates. “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now! (Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com) Read the original article from Wall St. Cheat Sheet

Medtronic (NYSE:MDT) recently reported its fourth quarter earnings and discussed the following topics in its earnings conference call. Emerging Markets Analysis Matthew Dodds – Citigroup: Omar, first for you. Emerging markets was up 14%. Sounds like if you make a few a minor adjustments, maybe 15% to 17%, but it’s below I think your plan of 20% plus. And when we look at fiscal ’14, do you think 20% plus is still reasonable for emerging markets or is 15% to 20% more reasonable just based on what you think the markets are growing? Omar Ishrak – Chairman and CEO: I think, look, 20% certainly is a number to be stated, but it’s something that as we’ve been through this is a number that we’ve got to work towards and that’s certainly going to be our goal. But I think 15% to 20% if you’re going to pick between the two, I think 15% to 20% is probably a more realistic outlook, but look, I’m holding all the regions accountable to try to get to 20%, but there are barriers here that we have to overcome which is taking perhaps a little longer than we originally anticipated, so that’s why I was saying that. NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! Matthew Dodds – Citigroup: Then Gary a quick one for you. I know you don’t like giving quarterly guidance, but if you look at the first call progression, is the $0.90 for Q1 reasonable or should we think about more of a ramp as we go through the year? Gary Ellis – SVP and CFO: Well, as you said, we don’t like to involve quarterly guidance out, but I mean as we highlighting on our expectations the $3.80 to $3.85 obviously include some operational things we have to – the headwinds we are dealing with the interest expense, the medical device tax for example, and if you take those into account I think the $0.90 right now is indicating like a 6% to 7% growth in earnings per share, which would be basically not including the medical device tax and interest expense come from the modeling. So, right now my guess is if you looked at it, yes, I would – I probably would see a shift. I think if you update your models, you’ll probably be shifting a couple of cents from Q1 to Q4. But in general that guidance we gave should really kind of play across all the quarters, as we go forward here. So I think the number currently in Q1 is probably a little bit high as people (indiscernible) their models. CRM Business Michael Weinstein – JP Morgan: So, if I look at the U.S. business, it’s your best quarter in I think in three years maybe even a little bit more than that or if one way we’ve been look at it everybody is trying to wait for you to anniversary the U.S. resolute launch is that if we looked at ex-resolute, it’s also your best quarter in a few years. So, then one question probably everybody has is repeatability and if you could just talk about in particularly the performance in the CRM business this quarter in the U.S. and whether you feel like that’s a sustainable number or there was anything that really pushed it at the end of quarter? Gary Ellis – SVP and CFO: Look, I think we’ve certainly seeing signs end markets stabilizing to some degree. But there are many dynamics here including ability to launch new products and some level of share gain in this. And I’m going to ask Mike Coyle to really take this on because the share and thing obviously driving it. So, Mike why don’t you provide some color to this? NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! Michael J. Coyle – EVP and Group President, Cardiac and Vascular Group: We’re obviously on the frontend of pretty robust new product introduction cycle here in the U.S. with Advisa MRI in early part of the quarter, but really sort of have imp