American Axle & Manufacturing (NYSE:
AXL -
News) reported a fourth-quarter loss of $188.6 million, or $3.74 a share, down from a year-ago profit of $4.5 million, or 9 cents a share. The latest results include charges stemming from its special attrition program and asset impairment. Looking ahead, the Detroit-based car parts company said it expects earnings of $1.25 to $1.50 a share in fiscal 2007 with sales rising to $3.3 billion.
Ameristar Casinos Inc. (NasdaqGS:
ASCA -
News) reported fourth-quarter net earnings of $17.8 million, or 31 cents a share, up 25% from $14.3 million, or 25 cents a share, during the year-ago period. The company posted net revenue of $244 million vs. $243.8 million.
Aviza Technology (NasdaqGM:
AVZA -
News) shares jumped after the Scotts Valley, Calif.-based maker of semiconductor capital equipment late Thursday reported a fiscal first-quarter net profit of $1.13 million, or 7 cents a share. In the same quarter last year, the company posted a net loss of $4.63 million, or $1.25 a share. Revenue surged to $62.2 million from $28.9 million. Aviza expects second-quarter revenue of $60 million to $64 million, with operating income of $2.5 million to $3 million.
Brookfield Homes Corp. (NYSE:
BHS -
News) said fourth-quarter net income fell, as home closings and lot sales declined, to $58.8 million, or $2.19 a share, from $129.6 million, or $4.36 a share, during the same period in the prior year.
CA Inc. (NYSE:
CA -
News) said its third-quarter net income fell 14%, as the company continues to restructure through acquisitions and cost cuts.
Electronic Arts (NasdaqGS:
ERTS -
News) said earnings fell 38% in the December quarter as video game sales stayed flat with the previous year due to a lack of hit titles during the holiday shopping period.
Gannett (NYSE:
GCI -
News) shares rose after the newspaper publisher said net income rose 3% in the fourth quarter, as election-year political advertising on its television stations offset higher expenses. Earnings rose to $353.5 million, or $1.51 a share, from $343.3 million, or $1.44 a share, in the fourth quarter a year earlier. Revenue rose 7.5% to $2.21 billion. Gannett's results were clouded by the impact of an extra week in December compared with the prior year. The average estimate of analysts was for earnings of $1.49 a share on revenue of $2.15 billion, according to Thomson Financial.
Genworth Financial Inc. (NYSE:
GNW -
News) said fourth-quarter net income came in at $373 million, or 81 cents a share, up 21% from a year earlier when the life insurer made $307 million, or 64 cents a share.
Shares of Hayes Lemmerz International Inc. (NasdaqGM:
HAYZ -
News) gained after the Northville, Mich.-based supplier of automotive components announced new moves in an effort to streamline its North American businesses. The company said it has agreed to sell its Montague, Mich., and Bristol, Ind., suspension operations to Diversified Machine Inc. Financial terms of the deal were not disclosed. Hayes Lemmerz expects to complete the sale within the next 30 days. In addition, the company said it will relocate its automotive components group headquarters and technical center to its Northville, Mich., corporate headquarters from Ferndale, Mich. The Ferndale facility will be closed, Hayes Lemmerz added.
Intuitive Surgical (NasdaqGS:
ISRG -
News) shares surged after the company said its fourth-quarter earnings fell 52%, as the year-ago quarter included a $22.2 million benefit associated with deferred tax assets. The Sunnyvale, Calif., medical equipment maker had fourth-quarter earnings of $23.6 million, or 62 cents a share, compared with $49.5 million, or $1.31 a share, a year earlier. On a pro forma basis, excluding the cost of accounting for stock-option payments, the company earned $28.1 million, or 73 cents a share. Intuitive Surgical said revenue for the quarter ended Dec. 31 rose 56% to $112.6 million from $72.1 million a year ago. Analysts surveyed by Thomson Financial expected, on average, earnings of 51 cents a share on revenue of $105 million.
Longs Drug Stores Corp. (NYSE:
LDG -
News) turned in better-than-expected January sales results. Sales at stores open longer than a year, the industry benchmark known as same-store sales, were up 3.4%, ahead of the 2% increase expected by analysts.
Millipore (NYSE:
MIL -
News) shares gained after the company said fourth-quarter net income rose sharply to $18.5 million, or 34 cents a share, from $1.02 million, or 2 cents a share, a year earlier, helped by foreign exchange rates and its bioscience division. The biosciences products and services company said revenue increased 49% to $383.1 million from $256.3 million a year earlier. Excluding items, the company earned $49.1 million, or 90 cents a share, up from $32.7 million, or 62 cents a share, a year earlier. On average, analysts polled by Thomson Financial expected earnings of 81 cents a share on revenue of $365.2 million. Analysts' estimates usually exclude items.
Nextest Systems (NasdaqGM:
NEXT -
News) reported fiscal second-quarter earnings of $2.2 million, or 12 cents a share, up from a year-ago loss of $95,000, or a penny per share. Looking ahead, the San Jose, Calif.-based maker of semiconductor test equipment said it sees earnings of 3 to 10 cents a share for the third quarter on revenue of $18 million and $22 million.
Owens & Minor Inc. (NYSE:
OMI -
News) increased its quarterly cash dividend 13.3% to 17 cents from 15 cents a share. The dividend is payable on March 30 to shareholders of record as of March 15.
Raytheon (NYSE:
RTN -
News) was upgraded to buy from neutral at Citigroup. The firm cited the company's strong organic growth.
Ronson Corp. (NasdaqCM:
RONC -
News) said its board declared a 5% common stock dividend. The Somerset, N.J., holding company said the dividend is payable April 16, to shareholders of record March 30. The dividend will increase the company's common shares outstanding by about 228,000 shares to 4.8 million.
Secure Computing (NasdaqGS:
SCUR -
News) swung to a fourth-quarter loss of $27.4 million, or 44 cents a share, from year-earlier profit of $6.57 million, or 17 cents a share. Excluding items, Secure would have earned 7 cents a share, down from 17 cents a share a year earlier. The San Jose network-security company said Thursday that fourth-quarter revenue rose to $51.6 million from $30.2 million a year earlier. Analysts polled by Thomson Financial, on average, expected break-even non-GAAP earnings on revenue of $55.8 million. For the first quarter, Secure expects non-GAAP per-share earnings of 3 to 4 cents on revenue of $59 million to $61 million. Wall Street, on average, is looking for non-GAAP earnings of 2 cents a share on revenue of $56.2 million for the first quarter.
Silicon Motion Technology Corp. (NasdaqGM:
SIMO -
News) said fourth-quarter net income rose to Taiwan $334.7 million ($10.2 million), or T$10.60 per American Depositary Share (32 cents), from T$246 million, or T$7.81 per ADS (24 cents), during the same period in the prior year. Analysts were looking for per-ADS earnings of 30 cents.
Simpson Manufacturing (NYSE:
SSD -
News) shares gained after the company reported said fourth-quarter net income of $18.7 million, or 38 cents a share, down from $21.6 million, or 44 cents a share, during the same period in the prior year. Analysts polled by Thomson Financial had expected per-share earnings of 40 cents. The Pleasanton, Calif.-based manufacturer of wood-to-wood, wood-to-concrete and wood-to-masonry connectors said quarterly revenue fell to $179.6 million from $203.9 million in the prior year, while Wall Street was expecting $189 million.
Standard Pacific Corp. (NYSE:
SPF -
News) reported a fourth-quarter net loss of $98.4 million, or $1.53 a share. During the same period a year ago, the company posted net earnings of $154.9 million, or $2.22 a share.
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