ValueForum has meant the difference between mediocre and stellar stock performance.more testimonials »
Earnings After the Bell: Diamond Foods, Quiksilver, SAIC, Verifone Friday, June 3, 11:56 AM ET
Diamond Foods (NASDAQ:DMND) reported fiscal third quarter earnings after the close of trading yesterday of $7.7 million, or $0.34 per share, a swing from a loss of $4.3 million, or $0.22 per share, last year.
Adjusted earnings of $0.52 per share were ahead of analyst expectations, as was a 61% increase in revenue, to $223 million.
Diamond hiked it earnings outlook to $2.48 to $2.52 per share, which is still below analyst expectations at the low end.
Also late yesterday, Quiksilver (NYSE:ZQK) reported a second quarter loss of $83.3 million, or $0.51 per share, compared to earnings of $9.4 million, or $0.07 per share, last year.
The surfing-, snowboarding-, and skateboarding-inspired retailer said earnings totaled $0.09 per share excluding restructuring and other charges.
Adjusted earnings exceeded analyst expectations, as did a 2% increase in revenue, to $478.1 million.
SAIC (SAI) posted first quarter earnings late yesterday of $131 million, or $0.36 per share, compared to $125 million, or $0.32 per share, last year.
The engineering and technology services company said revenue rose to $2.69 billion from $2.63
billion in last yearís first quarter.
Earnings per share exceeded analyst forecasts, but revenue fell short.
And, Verifone Systems (NYSE:PAY) said late yesterday fiscal second quarter earnings totaled $25.2 million, or $0.27 per share, compared to $20.2 million, or $0.23 per share, last year.
The electronic payment processing systems company said adjusted earnings totaled $0.46 per share, while revenue grew to $292.4 million from $240.7 million last year. Both figures beat analyst expectations.
Verifoneís forecast for earnings of $1.80 to $1.83 per share for the full year beats expectations as well.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.