Earnings Roundup For June 7

Navistar International Corp NAV reported a 72% rise in its fiscal second-quarter profit on Tuesday. Navistar reported its quarterly profit at $74 million, or $0.93 per share, up from $43 million, or $0.60 per share, in the year-earlier period. Its revenue for the quarter surged 22% to $3.36 billion. Navistar's adjusted earnings came in at $1.02 per share. However, analysts were expecting earnings of $1.14 per share on revenue of $3.32 billion. Navistar narrowed its earnings target for the fiscal year to a range of $5.50 to $6.00 per share. Analysts expected fiscal-year earnings of $5.34 per share. Booz Allen Hamilton Holding Corporation BAH reported its Q4 net income at $18.1 million, up from $4.9 million, in the year-ago period. Its adjusted net income surged to $50.5 million from $20.1 million. BAH's diluted earnings per share (EPS) and adjusted diluted EPS came in at $0.13 and $0.36, respectively, versus $0.04 and $0.17, in the year-ago period. Its revenue rose to $1.49 billion, from $1.35 billion in the prior year period. However, analysts were expecting earnings of $0.28 per share on revenue of $1.51 billion. Booz Allen Hamilton projects FY12 adjusted earnings of $1.55 to $1.65 per share, versus analysts' estimates of $1.52 per share. The Talbots Inc TLB reported its Q1 income from continuing operations at $0.9 million, or $0.01 per share, versus last year's loss from continuing operations of $7.1 million, or $0.12 per share. Its adjusted quarterly income from continuing operations came in at $5.3 million, or $0.08 per share, versus last year's adjusted income from continuing operations of $21.7 million, or $0.38 per share. Talbots' net sales dropped 6.0% y/y to $301.3 million, from $320.7 million. However, analysts were expecting earnings of $0.03 per share on revenue of $306.26 million. Its consolidated comparable sales fell 7.7%. Talbots' store sales declined 6.5% to $240.8 million, from $257.6 million, in the year-ago period. Its comparable store sales fell 8.2% in the first quarter of 2011, excluding stores scheduled to close under the Company's store rationalization plan. Koninklijke Ahold NV AHODF reported a 6% increase in its financial first-quarter net profit on Tuesday. Ahold reported its quarterly net profit at 291 million euros ($426 million), versus a profit of €274 million, in the year-earlier period. Its net sales climbed about 6% y/y to €9.25 billion from €8.74 billion. However, analysts were expecting a net profit of €279 million. Its underlying retail margin surged to 4.6%, from 4.2% in the year-earlier period. Modine Manufacturing Company MOD reported its Q1 net earnings at $12.3 million, up 209%, from the year-ago period. Its sales surged 22% y/y to $397 million. Its gross margin surged 100 basis points y/y to 15.1%. The company's diluted earnings per share came in at $0.26, versus a diluted loss per share of $0.24, in the year-ago period. Its operating income jumped to $7.8 million, up $5.8 million, from the year-ago quarter. The company recorded an income tax benefit of $7.8 million related to an income tax incentive in its Hungary operations during the quarter. However, analysts were expecting earnings of $0.16 per share on revenue of $379.33 million. Modine Manufacturing projects FY12 earnings of $0.95 to $1.05 per share, versus the analysts' estimates of $1.05 per share. FreeSeas Inc FREE reported a Q1 net loss at $3.1 million, or $0.49 loss per share, versus a net income of $2.7 million, or $0.43 per share, in the year-ago quarter. Its adjusted net loss came in at $2.3 million, or $0.36 per share, versus an adjusted net income of $2.9 million, or $0.46 per share, in the year-ago quarter. FreeSeas' adjusted EBITDA came in at $2.1 million, down from $8.2 million, in the year-ago quarter. FreeSeas' operating revenue dropped to $8.5 million, from $15.7 million, in the year-ago period. However, analysts were expecting a loss of $0.42 per share on revenue of $8.40 million. Read more from Benzinga's Markets.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPre-Market OutlookMarketsApparel RetailAuto Parts & EquipmentConstruction & Farm Machinery & Heavy TrucksConsumer DiscretionaryEarnings RoundupIndustrialsMarine
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!