Wausau Paper (NYSE:WPP) posted net earnings of $0.11 per share compared to a loss of $0.04 per share a year ago. Ex-items, adjusted quarterly earnings were $0.07 per share compared to $0.15 per share last year. Net sales increased 1% to $265.6 million.
The company said they estimate third-quarter 2010 net earnings in the range of $0.13 to $0.15 per share, exclusive of timberland sales gains.
Wausau is trading lower by 12.3%.
Plantronics (NYSE:PLT) announced first quarter fiscal 2011 net revenues of $170.7 million, a 21% increase compared with $141.2 million in the first quarter of fiscal 2010. Net revenues were above the guidance provided on May 4, 2010 of $160 to $165 million. GAAP diluted EPS from continuing operations were $0.52 in the first quarter of fiscal 2011 compared with diluted earnings per share from continuing operations of $0.27 in the same quarter of the prior year. Non-GAAP diluted EPS for the first quarter of fiscal 2011 were $0.58, an increase of 45% over the same quarter of the prior year.
The company expects, for the second quarter of fiscal 2011, net revenues of $158 million to $163 million, non-GAAP operating income of $32.5 million to $35.0 million, and non-GAAP diluted EPS of $0.48 to $0.52.
Despite analyst-beating results in the current quarter, the forecast for Q2 fell short, and shares of Plantronics are down 9.7%.
Carlisle Companies (NYSE:CSL) said that income decreased 32% to $38.9 million, or $0.62 per diluted share, in the second quarter 2010 compared with $57.2 million, or $0.93 per diluted share, in the second quarter of 2009. Shares are lower by 9.7%.
Range Resources (NYSE:RRC) posted adjusted net income of $14.1 million or $0.09 per diluted share compared to $33.7 million or $0.21 per diluted share for the prior-year quarter.
Shares of Range are down 7.75%.
Masco Corporation (NYSE:MAS) reported net sales for the quarter increased two percent to $2.0 billion. Income from continuing operations was $.01 per share in the second quarter of 2010 compared to income of $.19 per common share in the second quarter of 2009. Adjusted EPS were $0.16 versus $0.17 a year ago.
The company said that they believe housing starts will improve in 2010 from 554,000 units in 2009, but think the increase will be in a range of 575,000 to 625,000 units. This is a reduction of their previous expectation that 2010 housing starts would increase to a range of 600,000 to 700,000 units. In addition, they anticipate that expenditures on repair and remodel activity will be challenged in the second half of 2010 and expect that big-ticket items will continue to be deferred, in the short-term, until general economic conditions, unemployment, consumer confidence, credit availability and home prices improve.
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