Earnings Quotations

Chasing revenues that don't have good earnings doesn't help us or shareholders one lick.

The real reason to oppose increasing tax rates on the wealthy is that it's a good bet they could do more to help the economy if they keep their money rather than have their earnings confiscated by the government and spent on another round of stimulus.

Through good times and bad, American workers and their families have been able to rely on Social Security to provide guaranteed protection against the loss of earnings due to retirement, disability, or death.

Cerner has significant growth opportunities. We believe there is leverage with HNA Millennium and in our business model that can grow both our top-line and earnings during 2000 and through the foreseeable part of this decade.

The old man sold beer after hours on weekends. And that was something that he probably did to top up his earnings as a truck driver. Mum was the traditional housewife. Loving, caring, sharing - always the keynotes of the family.

I pretty much believe, as everyone in the B Team does, that business must succeed beyond the bottom line. More important than profits is how you get to them. Measuring financial earnings and losses only is definitely not enough and has led us astray from creating a better world for all.

One tax dodge often used by multi-national companies is to squirrel their earnings abroad in foreign subsidiaries located in countries where taxes are lower.

I have almost no interest in quarterly reports. Running a business or investing in a business based on quarterly earnings doesn't make any sense at all to me.

Of course, the discounting of future earnings should hurt all stocks. But it should hurt technology stocks more than others, because so many of them are valued at extremely high levels relative to their current earnings.

Xerox's innovative technology and service offerings - delivered through an expanding distribution system with a lean and flexible business model - continue to solidify our market leadership, driving consistently strong earnings performance.

Educating girls just one year beyond the average fourth grade education increases their eventual earnings by 10 to 20 percent. Every additional year of secondary education can increase future wages by 15 to 25 percent.

Stock prices relative to company assets are no better at signaling the likelihood of future earnings growth than they were the day the Titanic sank, and risk management is a good deal worse.

The children of the unemployed achieve less in school and appear to have reduced long-term earnings prospects.

Message to all you crazed parents desperately hiring tutors and padding your kid's thin resume: Chillax. Attending an elite college is no guarantee of leadership, life success, or earnings potential.

The generosity of the super-rich is sometimes proffered as evidence they're contributing as much to the nation's well-being as they did decades ago when they paid a much larger share of their earnings in taxes.

Rising interest rates are considered bad for stocks because they raise the cost of doing business and depress corporate earnings and because higher yields make bonds relatively more attractive than stocks to investors.

Going public today is fraught with peril on many levels. One is earnings guidance. If you miss guidance, the stock price becomes very volatile. Short sellers can put a tremendous downward pressure on the stock.

Investors have been too willing to buy stocks with strong reported earnings, even if they do not understand how the earnings are produced.

Immigrants aren't the reason wages haven't gone up enough; those decisions are made in the boardrooms that too often put quarterly earnings over long-term returns.

The post-Labor Day rally, I wasn't sold on. The fact that we didn't really crash over summer, I thought was a terrific blessing. I think sentiment is going to drive the market from here. The numbers are there, the numbers have not changed. The economy has not changed, it is still good, slowing down a little bit. We've got a nice stable platform. Earnings for second quarter were fabulous. They ought to be pretty good, I think, coming in here to the third quarter.

The possibility of rising interest rates worries investors. For many companies there is a direct effect on their earnings and stocks can also become less attractive to bonds.

Until businesses feel a real need for more hands-until productivity alone won't allow them to reach their earnings goals-they won't begin hiring.

We are seeing a 'soft landing' rather than a 'hard landing' in consumer spending for a couple of reasons. First, although job growth is slowing, wages are still rising, with average hourly earnings up 0.4% in October. Second, despite recent stock market turmoil, consumer spirits are holding up reasonably well.

We are pleased with the strong earnings growth and ROE (return on equity) of 23.9% in the first quarter.

We are pleased with the solid first quarter (ended December 31) result with beer volume and overall group earnings in line with our business plan, giving us confidence that we are on track for our full year profit guidance.

We are pleased with the progress toward achieving our earnings growth objective. We are reaffirming our 2006 earnings guidance of $1.25 to $1.35 per share.

We are pleased with the performance in the quarter, with the return of sequential revenue growth and with the solid earnings results,

We are pleased with the financial performance and operational improvements that are demonstrated by our first quarter financial results, ... Our eighth consecutive quarter of double-digit sequential revenue growth and net earnings in the quarter of $2.8 million reflect a continuation of the momentum that was generated last fiscal year and put the company on pace to achieving our annual guidance.

We are pleased with the earnings growth of our retail business and look forward to an even better year in 2002,

We are pleased with our results in a challenging 2005, even though the 4% improvement in diluted earnings per share from operations was below our goal to increase those earnings 10% to 15% per year over time.

We are pleased with our fourth quarter results which, we believe, again demonstrate the Firm's operating leverage and our ability to improve pricing as demonstrated by another sequential improvement in our flex gross margin and earnings per share. We believe that we can continue to migrate the Firm's flex revenue footprint to higher margin business, and are accelerating our hiring of permanent placement associates as the staffing cycle dynamics remain positive. We believe that our ability to generate cash flows from operations of $22.3 million in the fourth quarter, which are the highest quarterly cash flows from operations in the Firm's history, and our strong balance sheet will enable the Firm to capitalize on opportunities to accelerate our growth.

We are pleased with our first-quarter results, particularly in view of the strength of last year's performance, ... We remain comfortable that we are well-positioned to meet near-term economic and competitive challenges, and deliver reasonable growth in earnings per share for the full year.

We are pleased with our first quarter financial results that demonstrate our success in the market and our focus to improve our financial performance. Earnings per share came in above the high end of the range we communicated in our mid-quarter update as a result of higher revenues and improved gross margins. We remain cautiously optimistic that capacity expansion in semiconductor manufacturing will continue in a rational manner, and we look forward to further improvements in our financial metrics as the year continues.

We are pleased to report the 33rd consecutive quarter of revenue and earnings growth. We are especially pleased with the balanced growth rate across almost all countries in both Europe and the Americas.

We are pleased to report that all outstanding issues involving the SEC's financial review, as well as the accounting issues related to DFG, have now been resolved, ... Today's earnings release brings this matter to a close and we now look forward to proceeding with the Tyson transaction.

We are pleased to report strong earnings growth during a period of rising interest rates and a competitive industry environment. Our results reflect the combined effect of our improved brand mix and the successful execution of our key operating initiatives.

We are pleased to report a strong start for 2006. Our first quarter sales were driven by volume increases across all of our businesses. We continued to benefit from our successful efforts to build revenues while controlling expense growth, resulting in double-digit earnings gains.

We've accepted the fact that the earnings growth for the quarter is around 20, 21 percent year-over-year for the S&P. But there's been this behind the scenes look or under the surface look at revenue. And we haven't got the best of forecasts for the second half of the year in many companies going forward. And if you don't have that pristine look -- where you come in this earnings season totally clean -- you've gotten battered. And I can't even name more than a handful of stocks that have come through.

We are pleased to announce record earnings today which have exceeded the expectations we set for the company.

We are maintaining our neutral opinion on PPC (No. 2 U.S. poultry producer Pilgrim's Pride Inc.) following the company's comments this morning that it no longer expects to meet its previously announced earnings expectations for either F2006 (ends Sept) or the F2Q. We are reducing our F2006 estimate to $1.20 from $2.20 and are also now estimating a fiscal 2Q loss of $0.30 per share, down from earnings of $0.30 per share.

We are lowering our future revenue estimates modestly, which causes a slight decline in our earnings-per-share assumptions. Our fourth-quarter earnings estimate now is $1.45, down a penny, and our 2001 estimate is $4.90, down from $4.95.

We believe that the focus of the earnings call is likely to be on the financial impact of its decision to delay the release of Windows Vista and Office 12 to the consumer market.

We believe that the endowments should be used for the benefits of current and future generations of students. There was a year in which Harvard spent one-eighth of its endowment earnings on its fund managers.

We believe that one of the reasons that CC earnings are imploding is because Best Buy is opening up powerful stores in large metropolitan markets, particularly in New York. We believe capacity will get worse. Best Buy has a large amount of cash and they are ramping up their expansion to try to pre-empt CC's turnaround.

There are definitely earnings fears creeping in the market. Investors are seriously questioning whether Japanese companies can really attain existing earnings growth forecasts for next year.

There are definitely earnings fears creeping in the market,

There are some genuinely problematic reports out today, like Merck, but there's a lot of good stuff, too, and people are taking some pretty decent earnings and focusing on the negative.

There are some disappointments in earnings and obviously Hewlett-Packard is a big one.

We still think we are on track to see earnings growth of 23 percent for the quarter.

We still lag behind foreign rivals in terms of per-share earnings, and we would like to expand our earnings to join the global top five.

We're in a light week that's light on news, light on earnings and light on volume, ... Most of the attention is focused on Cisco. The techs have been sprightly but they've left a bit to be desired.

Until we start seeing some better earnings news, I think the market's going to be in this bottoming phase.

Until we see earnings impacted by oil, I don't think the market is going to be responsive.

Until we see all the earnings reports, it's hard to define the context clearly.

Until we get the full force of earnings and economic data later in the week, I kind of expect us to remain at the lower end of the trading range,

We believe that Japan's premium (price-to-earnings) multiple is justified given the lower level of interest rates and higher earnings momentum we expect.

We believe that IBM is a second-half story and now we're there. We believe earnings growth should take the stock higher and we'd be even more optimistic if we had confidence in execution. We think the key to long-term appreciation is figuring out if IBM is a new technology or old technology stock. It's some of both now.

We believe that copper prices could remain unusually high for the next 6-12 months and should continue to generate extraordinary earnings for copper producers.

We've been able to handle a lackluster earnings season so far. Energy companies haven't really come into the fray yet, so things may look a little better after they report. Another positive is that we're backing off a bit from the high price of oil.

We've been able to create a self-sustaining real estate model, with development and redevelopment as the engine giving us earnings growth.

We remain very excited about our recent acquisition of Bio-logic Systems. We have made great progress in the integration of Bio-logic, including the successful combining of our two sales and marketing organizations. We are also making significant operational changes to the organization that will make their operations more efficient. We remain very confident that the acquisition of Bio-logic will be accretive to our earnings in 2006 and beyond.

We remain solidly on track to deliver our 2006 financial goals of double-digit earnings per share growth and mid to upper single-digit revenue growth. We continue to make progress on our medium-term goal of 9.5 percent operating margins.

We remain prepared to deliver double-digit earnings growth in 2001, but most importantly we're excited about how well GE is positioned for the future,

We remain on track to deliver earnings per share growth for the 2006 fiscal year which equals or exceeds the average of our peers.

We remain on track for your consensus earnings per share estimate for 2001, which is consistent with our longer term business model.

We remain dissatisfied in the overall sales performance of our Circuit City business, ... no new trends on which to base any charges in earnings expectations." ()

We remain confident in the prospects for earnings expansion in 2006 and will discuss this in more detail during our normally scheduled earnings call on Jan. 23.

We remain confident in our ability to consistently achieve annual double-digit earnings per share growth over the long-term, with a 12 percent average annualized target through 2004,

We're going to see volatile markets for the next little while with all this uncertainty regarding earnings. We need to see a general improvement in the tone of earnings and especially with guidance.

What we're seeing here is a market that's just waiting to assess economic data later in the week and, of course, moving into the earnings season.

What we're seeing happening is the best of all worlds. The economy is strong yet inflation remains quiescent. The earnings outlook remains reasonably good. Given those things, the money continues to flow into the market from both domestic and foreign sources.

What we're seeing from Lehman is that market conditions improved through the summer, and that conditions are likely to continue improving. That's showing up in the earnings and in the detail of their reports.

What we're looking at generally is whether the market can get past these levels. We think there's enough strong sentiment and stimulus in the pipeline for that to happen and that the earnings will ultimately lead the market, but it's a process, and it's going to take time.

When we get beyond the Fed's decision in August, it then opens up the opportunity for technology to assert itself because of its strong earnings growth and take the market to higher highs and higher lows.

We would still buy it at these levels, ... The stock has excellent earnings momentum right now. Great product pipeline. So, this is a stock that we'd still want to be involved in.

We grew earnings per diluted share by 85 percent in the first quarter of fiscal 2006, so it represents the most difficult earnings comparison for the coming year.

we believe we are on track to deliver on our previously disclosed range of earnings per share of $2.58 to $2.85 during the second half of this year.

We believe this will be another quarter of solid results for ING, further adding to our belief that earnings should remain resilient in 2006.

What little earnings reports we have had have been a little bit more disappointing than outperforming, for the most part, so that's weighing.

We're just winding down the year, ending the year with these sort of small, middling gains, which to me makes sense because you've had opposing factors this year. On the one hand you've had good earnings and a robust economy, but on the other hand, you've been fighting the Fed. The two canceled each other out.

Unless (energy) prices collapse, earnings in 2006 will make 2005 look like a cake walk.

U.S. markets are starting to worry about the earnings of multinational companies in the face of the strong dollar.

We're more trading off of earnings. Investors will be able to tolerate continued moderate inflation as long as earnings continue to accelerate.

Year-over-year revenue growth of 34 percent and earnings growth of 41 percent were the second highest in any given quarter in Apple's history.

With the miners looking shaky, the temptation is to look elsewhere; either for earnings certainty or for relative underperformance, and the banks have that in spades.

With the Micron earnings quite a disappointment and the Delta outlook, technically we were very overbought on a short-term basis.

With the improvement in oil prices, second quarter net income increased 18 percent from the first quarter of 1999, in contrast to the seasonal earnings decline that we usually see from the first to the second quarter of each year,

With no major earnings news scheduled and losses in Tokyo, the (U.S.) market is lacking support for further gains.

With new initiatives under way in every area of the business, the revitalization of MSLO is firmly underway. Third-quarter earnings were modestly ahead of expectation, largely on the strength of our core publishing business.

With multiple expansion having accounted for most of the outsized stock price performance for the group over the last year, we believe that many companies must now deliver on the robust earnings potential that their share prices often imply.

We fear that people are mistaking the size of our earnings for a windfall, not realizing the enormous levels of investments required to achieve those earnings and bring new energy supplies to the market.

We extended our track record for double-digit earnings growth to a fourth consecutive year even while integrating Bell Atlantic and Nynex following our merger,

We're experiencing a wait-and-see attitude because it's widely expected that earnings will not be that great. The odd surprise will help bolster the market but more importantly investors are waiting to hear guidance heading into the next quarter.

We're expecting a pretty tough first half of the year -- tech profits will be up about 10 percent this year compared to 30 percent last year, ... But by the second half of the year, the economy may brighten, earnings comparisons are easier and we could start to see an easier tech tape.

We're pleased with the solid revenue and earnings per share results Cisco delivered during its second quarter, but also especially pleased with our strong order momentum. This proves our strategy is working in terms of the convergence of voice, video and data along with our balanced approach to our customer segments, core and advanced technologies, business and technology architecture and key geographic theaters.

We're pleased with second quarter results, especially our ability to drive same-store sales gains in the face of tough comparisons. In terms of profitability, we posted a 47% increase in diluted earnings per share for the quarter, boosted by lower fresh chicken wing prices.

We're fairly comfortable with our 77 cents earnings number. And on the basis of the 77 cents, the current stock price looks fairly attractive, historically, but also when you just start talking about fair value.

We're just about through the earnings season. We have to go through this bump and grind. I think it will probably be like this for several months yet to come, until the market starts to focus on looking beyond the short term to the recovery that surely will follow.

We're into a bit of the summer doldrums. There have been a lot of positive earnings surprises, but the anticipation of that has lifted markets for months, with little proof that the economy is improving enough to justify those earnings. So the mood is more upbeat, but that hasn't translated to higher stock prices.

We're getting closer to the earnings period, and the bulls are hoping that the actual quarterly results will be in line or better than expected and alleviate the fears that there's another warning coming in every night.