This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

DST Systems Management Discusses Q2 2012 Results - Earnings Call Transcript

So taking into account a number of things on an adjusted non-GAAP basis, diluted earnings per share for the quarter were $0.77, and that compares to $1.05 for the second quarter of '11 and it also compares to $1.05 for the first quarter of '12. We generally don't try to provide a comparative analysis from like previous quarter to current, but when we look at all the components that have come into this quarter's results, we think it's appropriate to try and take a look at some of the significant variances from the first quarter to kind of give you a map from there to Q2.

So there are a number of factors, several of them being nonoperating, that resulted in a $0.28 reduction in the non-GAAP earnings for the second quarter as compared to the first. One of the more significant wins was a change in our estimated full year 2012 income tax rate and that negatively impacted the second quarter's diluted earnings by approximately $0.13 a share. So the full year 2012 estimated tax rate, we've increased it from 34.5% in the first quarter to our estimate now, which will be 37%, and that recorded in the second quarter. And that's a function of lower foreign tax credits available to us, some increased losses in international subsidiary, and in either of those cases, there's no current tax benefit.

So in order to get to the 37%, a 41.8% tax rate was needed to be recorded in the second quarter to bring the whole year in line with what are our current expectations which, again, is at 37%.

Read the rest of this transcript for free on

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.99 0.00%
FB $99.54 0.00%
GOOG $678.11 0.00%
TSLA $148.25 0.00%
YHOO $26.82 0.00%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs