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Albertson's Inc. (ABS: news, chart, profile) reported fourth-quarter earnings of $194 million, or 52 cents per share, up from $130 million, or 35 cents, earned in the same period a year earlier. The food and drug retailer's sales approached $11.08 billion in the three months ended Feb. 3, up more than 29 percent from the prior year's $8.57 billion. Gross margin was flat at 27.82 percent, the company said. Earnings from continuing operations, on an adjusted basis, would have amounted to 52 cents per share in the latest quarter as well. Analysts, on average, had been expecting quarterly earnings of 52 cents per share on sales of nearly $10.95 billion. For the year ahead, Albertson's is forecasting earnings from continuing operations ranging from $1.33 to $1.43 per share, including a 4-cent incremental impact from expensing stock options. Wall Street's average forecast stands at $1.33 per share, according to estimates compiled by Thomson First Call. Shares of Albertson's added 33 cents, or 1.6 percent, to end at $20.87 in Monday's trading.
A.M. Castle & Co. (CAS: news, chart, profile) swung to a fourth-quarter profit of $2.2 million, or 14 cents a share, as sales rose 49 percent to $197.8 million. In the year-ago period, the company posted a loss of $5.5 million, or 35 cents a share. Looking ahead, the specialty metals and plastics distributor said it sees first-quarter results up substantially. In addition, the company said that an internal control evaluation showed material weakness in the area of inventory controls.
America West Airlines (AWA: news, chart, profile) said in a Form 10-K filing with the Securities and Exchange Commission that it may continue to sustain significant operating losses. The company also said it expects the threat of further terrorist attacks and continued instability in oil producing regions to negatively impact its revenue and costs in the near-term. America West added that it currently believes its cash flow from operating activities, along with existing cash balances and financing commitments, will be adequate to fund its operating and capital needs and keep it in compliance with its various debt agreements at least through Dec. 31, 2005. The stock closed Monday at $5.08, up 3 cents.
AstraZeneca (AZN: news, chart, profile) said late Monday that the Food and Drug Administration formally denied Public Citizen's Health Research Group's petition to remove Crestor from the marketplace. The FDA said evidence indicates that Crestor, which is used to treat various lipid disorders, does not pose a risk of muscle toxicity greater than other approved statins and there is no convincing evidence it poses a serious risk of renal injury.
Beverly Enterprises (BEV: news, chart, profile) said its fourth-quarter net profit declined to $6.1 million, or 6 cents a share, from $40.8 million, or 38 cents, on discontinued operations. Its EPS from continuing operations rose to 13 cents a share from 10 cents a share, with revenue up to $516.6 million from $470.2 million, with the company citing revenue and margin gains in Skilled Nursing Facilities, as well as strong revenue and EBITDA improvements in Aegis Therapies and AseraCare Hospice. The EPS from continuing operations fell short of Thomson First Call-compiled estimates of 18 cents a share. It reiterated its 2005 EBITDA guidance of $210 million to $215 million, excluding costs associated with the Whitman / Appaloosa expression of interest in BEI.
Cedar Fair (FUN: news, chart, profile) said its loss in the last three months of 2004 widened to $13.8 million, or 26 cents per share, compared with $10.7 million, or 21 cents per share in the year-earlier period. Net revenue rose to $68.1 million from $61 million in the 2003 quarter. Analysts polled by Thomson First Call expected a loss of 29 cents per share. Cedar Fair also said its accountants found "a material weakness" related to a tax accounting issue. Revenue should grow 6 to 8 percent in 2005, the Sandusky, Ohio-based company said. Shares fell Monday $1.34 to $31.56.
Celeritek Inc. (CLTK: news, chart, profile) said Mimix Broadband Inc. will purchase Celeritek's assets relating to its gallium arsenide semiconductor-components business for $2.8 million in cash.
Central European Distribution Corp. (CEDC: news, chart, profile) reported that fiscal 2004 net profit rose 45 percent to $21.8 million, or $1.31 a share, from $15.1 million, or 96 cents a share, last year. Sales rose 35 percent to $580.7 million, after import duties were dropped in May as Poland joined the European Union, the beverage importer said. "Based on our belief that the local currency will continue to be strong versus the U.S. dollar, we are raising our 2005 guidance to $680-$700 million of net sales and $1.54 to $1.64 fully diluted earnings per share," William Carey, President and CEO, said.
Comverse Technology (CMVT: news, chart, profile) said its fourth-quarter income more than quadrupled as revenue surged nearly 28 percent on strong demand across all three of its business lines. See full story.
Coors Brewing Co., the U.S. subsidiary of Molson Coors Brewing Co. (TAP: news, chart, profile) , said Frits van Paasschen was named president and chief executive officer, effective March 29. Van Paasschen most recently worked for Nike Inc. (NKE: news, chart, profile) as corporate vice president and general manager of Europe, Middle East and Africa operations.
Dean Foods Co. (DF: news, chart, profile) said Chief Executive Gregg Engles will assume leadership of its WhiteWave Food division on an interim basis, following the resignation of the unit's president. See full story.
Dialysis Corporation of America (DCAI: news, chart, profile) has agreed to acquire Medicore Inc. (MDKI: news, chart, profile) for about 5.3 million shares of DCA's common stock, or about $152 million, the companies' said Tuesday. Hialeah, Fla.-based Medicore owns 57 percent of DCA, which is based in Linthicum, Md. Upon completion of the merger each Medicore shareholder will receive 0.68 shares of DCA stock for each share held. "The infusion of additional capital resources into our company makes this very appealing to DCA as we continue to build and expand our company," said DCA chief executive Stephen Everett in a statement. Medicore shares jumped on the news in pre-market trading, adding 52 percent to $14.03. DCA's stock fell 2.8 percent to $27.76 before the bell.
Discovery Labs (DSCO: news, chart, profile) reported a fourth-quarter net loss of $20.1 million, or 42 cents per share, compared to a net loss of $8.7 million, or 21 cents per share, last year. The company's adjusted net loss was 25 cents per share. The company was expected to post a loss of 28 cents per share, according to a survey of analysts by Thomson First Call. Revenue was $134,000 compared with $183,000 in the year-ago period. Shares rose 24 cents to $5.46 on Monday.
Estee Lauder (EL: news, chart, profile) was upgraded by J.P. Morgan to "overweight."
Gamestop Corp. (GME: news, chart, profile) said Dan DeMatteo has been promoted to vice-chairman and chief operating officer and Joe DePinto has been named president. Shares of the Grapevine, Texas video game retailer fell 63 cents to $19.66 on Monday.
Genentech (DNA: news, chart, profile) said its oncology drug Avastin was proven effective in extending the lives of certain lung cancer patients when used with two other medications. See full story.
Jacobs Engineering (JEC: news, chart, profile) received a contract from Pfizer (PFE: news, chart, profile) to provide preliminary engineering services for Pfizer's Focus Freeze Dry project in Puurs, Belgium. The financial terms of the deal were not disclosed.
Illinois Tool Works Inc. (ITW: news, chart, profile) affirmed its earnings projections of $1.01 to $1.07 per share for the first quarter and its 2005 estimate of $4.96 to $5.16 per share for income from continuing operations. Operating revenue rose 17 percent in the three months ended February 28, 2005, the Glenview, Ill.-based tool maker said. Shares fell 12 cents Monday to $92.95.
Lehman Brothers (LEH: news, chart, profile) reported first-quarter net income of $875 million, or $2.91 per share, up 31 percent from $670 million, or $2.21 per share, last year. The New York-based financial firm cited revenue increases at its investment banking, capital markets and Europe and Asia units. Net revenue rose 21 percent to $3.8 billion. The company was expected to earn $2.20 per share, according to a survey of analysts by Thomson First Call. Shares rose 44 cents to $92.32 on Monday.
Shares of Liberty Media (L: news, chart, profile) rose in pre-market after the group controlled by cable investor John Malone set plans to spin-off its investments in two divisions to shareholders. Overnight, the group said it expects revenue to rise in the high single digits at QVC this year and for operating income to rise in the low double digits.
Lone Star Steakhouse & Saloon (STAR: news, chart, profile) reported fourth-quarter net income $10.5 million, or 47 cents per share, compared to a net loss of $1.5 million, or 7 cents per share, last year. Sales rose to $71.6 million from $69.7 million. The company was expected to earn 30 cents per share, according to a survey of analysts by Thomson First Call. The company restated earnings in 2004 and 2003 based on changes in lease accounting, but the changes, "did not have any impact on the company's previously reported cash position, cash flows or revenue." Shares rose 45 cents to $26.79 on Monday.
LSI Logic Corp. (LSI: news, chart, profile) boosted its first-quarter revenue target, citing stronger demand for its chips used in DVD recorders and iPods. See full story.
Navistar International Corp. (NAV: news, chart, profile) said it delayed filing its first-quarter Form 10-Q with the Securities and Exchange Commission, following the late filing of its 2004 Form 10-K. It said it plans to announce first-quarter results by mid-April.
NCO Group, Inc. (NCOG: news, chart, profile) reported fourth-quarter net income of $12.2 million, or 36 cents per share, up 18 percent from $10.3 million, or 37 cents per share, last year. The latest quarter included a reduction of 3 cents per share from a correction of one of the company's revenue recognition policies. The Horsham, Pa. outsourcing services firm was expected to earn 39 cents per share, according to a survey of analysts by Thomson First Call. Revenue rose 26.5 percent to $237.3 million. NCO said it expects earnings per share of $1.70 to $1.80 in 2005, not including the expense of stock options. The company is expected to earn $1.81 per share according to Wall Street estimates. Shares rell 56 cents per share to $19.03 on Monday.
Northwest Airlines (NWAC: news, chart, profile) said it doesn't expect to add any capacity to its North American routes this year, easing back from growth plans of 2 percent to 3 percent. See full story.
Onyx Software (ONXS: news, chart, profile) said its chief financial officer, Brian Henry, will resign to pursue other interests. Henry said he would remain with the company through mid-April, as the company looks for a successor. Separately, the company said it is seeking an extension in filing its annual report.
Potash Corp. (POT: news, chart, profile) was downgraded to "sector underperformer" by CIBC World Markets.
Princeton Review Inc. (REVU: news, chart, profile) said it will delay filing its annual report with the Securities and Exchange Commission to give it more time to prepare its financial statements. The company sees an additional $22 million non-cash tax expense in its results. It said it would not release its 2004 results Tuesday, as originally planned, but would before the market open on Friday.
Protein Design Labs (PDLI: news, chart, profile) reported a narrowed fourth-quarter loss, due largely to a 124 percent increase in royalty revenue. See full story.
Qualcomm's (QCOM: news, chart, profile) management agrees with Deutsche Bank's view of an improving global CDMA market in India, Korea and China, although the timing of the recovery remains a second-quarter or third-quarter event, the broker told clients. Deutsche Bank said it has been hearing from its industry contacts that Qualcomm has accelerated its CDMA/WCDMA development programs. Regarding third-generation networks, the broker said Qualcomm remains well positioned with U.K. mobile phone operator Vodafone (UK:VOD: news, chart, profile) and several of its suppliers.
Radiologix Inc. (RGX: news, chart, profile) said it net loss for the fourth quarter widened to $7.8 million, or 36 cents a share, from $2.98 million, or 14 cents a share. Service fee revenue fell to $55.4 million from $62.5 million, including a $9.1 million increase to contractual adjustments, referring to cash collections to billed charges, as a result of its own Sarbanes-Oxley accounting standards review.
Station Casinos Inc. (STN: news, chart, profile) , the Las Vegas casino operator, lifted its estimate of adjusted first-quarter earnings to a range of 66 cents to 68 cents a share from 56 cents to 62 cents. The figures exclude certain expenses and one-time items. Thomson First Call's consensus analyst estimate is 60 cents. Revenue will come in near the top of the company's previous estimate of a 9 percent to 13 percent same-store increase, excluding Green Valley Ranch, Station Casinos said. The company also said it would speed the construction of the second phase of expansion at its Red Rock property. The expansion will begin late this year and finish in 2006. Station Casinos' shares rose 8 cents to $61.54 on Monday.
Shares of TiVo, Inc. (TIVO: news, chart, profile) surged 19 percent following a Wall Street Journal report that the digital video recorder is in advanced talks with cable giant Comcast Corp. (CMCSA: news, chart, profile) to form a partnership that would greatly expand TiVo's audience. TiVo executives have been unable to reach an alliance with cable companies, including Comcast, in the past because they could never reach terms that were attractive enough to the company.
Ulticom Inc. (ULCM: news, chart, profile) reported fourth-quarter earnings rose 303 percent to $4.9 million, or 11 cents a share, from $1.2 million, or 3 cents a share, a year ago. Revenue was $17.1 million vs. $10.1 million.
Albertson's Inc. (ABS: news, chart, profile) reported fourth-quarter earnings of $194 million, or 52 cents per share, up from $130 million, or 35 cents, earned in the same period a year earlier. The food and drug retailer's sales approached $11.08 billion in the three months ended Feb. 3, up more than 29 percent from the prior year's $8.57 billion. Gross margin was flat at 27.82 percent, the company said. Earnings from continuing operations, on an adjusted basis, would have amounted to 52 cents per share in the latest quarter as well. Analysts, on average, had been expecting quarterly earnings of 52 cents per share on sales of nearly $10.95 billion. For the year ahead, Albertson's is forecasting earnings from continuing operations ranging from $1.33 to $1.43 per share, including a 4-cent incremental impact from expensing stock options. Wall Street's average forecast stands at $1.33 per share, according to estimates compiled by Thomson First Call. Shares of Albertson's added 33 cents, or 1.6 percent, to end at $20.87 in Monday's trading.
A.M. Castle & Co. (CAS: news, chart, profile) swung to a fourth-quarter profit of $2.2 million, or 14 cents a share, as sales rose 49 percent to $197.8 million. In the year-ago period, the company posted a loss of $5.5 million, or 35 cents a share. Looking ahead, the specialty metals and plastics distributor said it sees first-quarter results up substantially. In addition, the company said that an internal control evaluation showed material weakness in the area of inventory controls.
America West Airlines (AWA: news, chart, profile) said in a Form 10-K filing with the Securities and Exchange Commission that it may continue to sustain significant operating losses. The company also said it expects the threat of further terrorist attacks and continued instability in oil producing regions to negatively impact its revenue and costs in the near-term. America West added that it currently believes its cash flow from operating activities, along with existing cash balances and financing commitments, will be adequate to fund its operating and capital needs and keep it in compliance with its various debt agreements at least through Dec. 31, 2005. The stock closed Monday at $5.08, up 3 cents.
AstraZeneca (AZN: news, chart, profile) said late Monday that the Food and Drug Administration formally denied Public Citizen's Health Research Group's petition to remove Crestor from the marketplace. The FDA said evidence indicates that Crestor, which is used to treat various lipid disorders, does not pose a risk of muscle toxicity greater than other approved statins and there is no convincing evidence it poses a serious risk of renal injury.
Beverly Enterprises (BEV: news, chart, profile) said its fourth-quarter net profit declined to $6.1 million, or 6 cents a share, from $40.8 million, or 38 cents, on discontinued operations. Its EPS from continuing operations rose to 13 cents a share from 10 cents a share, with revenue up to $516.6 million from $470.2 million, with the company citing revenue and margin gains in Skilled Nursing Facilities, as well as strong revenue and EBITDA improvements in Aegis Therapies and AseraCare Hospice. The EPS from continuing operations fell short of Thomson First Call-compiled estimates of 18 cents a share. It reiterated its 2005 EBITDA guidance of $210 million to $215 million, excluding costs associated with the Whitman / Appaloosa expression of interest in BEI.
Cedar Fair (FUN: news, chart, profile) said its loss in the last three months of 2004 widened to $13.8 million, or 26 cents per share, compared with $10.7 million, or 21 cents per share in the year-earlier period. Net revenue rose to $68.1 million from $61 million in the 2003 quarter. Analysts polled by Thomson First Call expected a loss of 29 cents per share. Cedar Fair also said its accountants found "a material weakness" related to a tax accounting issue. Revenue should grow 6 to 8 percent in 2005, the Sandusky, Ohio-based company said. Shares fell Monday $1.34 to $31.56.
Celeritek Inc. (CLTK: news, chart, profile) said Mimix Broadband Inc. will purchase Celeritek's assets relating to its gallium arsenide semiconductor-components business for $2.8 million in cash.
Central European Distribution Corp. (CEDC: news, chart, profile) reported that fiscal 2004 net profit rose 45 percent to $21.8 million, or $1.31 a share, from $15.1 million, or 96 cents a share, last year. Sales rose 35 percent to $580.7 million, after import duties were dropped in May as Poland joined the European Union, the beverage importer said. "Based on our belief that the local currency will continue to be strong versus the U.S. dollar, we are raising our 2005 guidance to $680-$700 million of net sales and $1.54 to $1.64 fully diluted earnings per share," William Carey, President and CEO, said.
Comverse Technology (CMVT: news, chart, profile) said its fourth-quarter income more than quadrupled as revenue surged nearly 28 percent on strong demand across all three of its business lines. See full story.
Coors Brewing Co., the U.S. subsidiary of Molson Coors Brewing Co. (TAP: news, chart, profile) , said Frits van Paasschen was named president and chief executive officer, effective March 29. Van Paasschen most recently worked for Nike Inc. (NKE: news, chart, profile) as corporate vice president and general manager of Europe, Middle East and Africa operations.
Dean Foods Co. (DF: news, chart, profile) said Chief Executive Gregg Engles will assume leadership of its WhiteWave Food division on an interim basis, following the resignation of the unit's president. See full story.
Dialysis Corporation of America (DCAI: news, chart, profile) has agreed to acquire Medicore Inc. (MDKI: news, chart, profile) for about 5.3 million shares of DCA's common stock, or about $152 million, the companies' said Tuesday. Hialeah, Fla.-based Medicore owns 57 percent of DCA, which is based in Linthicum, Md. Upon completion of the merger each Medicore shareholder will receive 0.68 shares of DCA stock for each share held. "The infusion of additional capital resources into our company makes this very appealing to DCA as we continue to build and expand our company," said DCA chief executive Stephen Everett in a statement. Medicore shares jumped on the news in pre-market trading, adding 52 percent to $14.03. DCA's stock fell 2.8 percent to $27.76 before the bell.
Discovery Labs (DSCO: news, chart, profile) reported a fourth-quarter net loss of $20.1 million, or 42 cents per share, compared to a net loss of $8.7 million, or 21 cents per share, last year. The company's adjusted net loss was 25 cents per share. The company was expected to post a loss of 28 cents per share, according to a survey of analysts by Thomson First Call. Revenue was $134,000 compared with $183,000 in the year-ago period. Shares rose 24 cents to $5.46 on Monday.
Estee Lauder (EL: news, chart, profile) was upgraded by J.P. Morgan to "overweight."
Gamestop Corp. (GME: news, chart, profile) said Dan DeMatteo has been promoted to vice-chairman and chief operating officer and Joe DePinto has been named president. Shares of the Grapevine, Texas video game retailer fell 63 cents to $19.66 on Monday.
Genentech (DNA: news, chart, profile) said its oncology drug Avastin was proven effective in extending the lives of certain lung cancer patients when used with two other medications. See full story.
Jacobs Engineering (JEC: news, chart, profile) received a contract from Pfizer (PFE: news, chart, profile) to provide preliminary engineering services for Pfizer's Focus Freeze Dry project in Puurs, Belgium. The financial terms of the deal were not disclosed.
Illinois Tool Works Inc. (ITW: news, chart, profile) affirmed its earnings projections of $1.01 to $1.07 per share for the first quarter and its 2005 estimate of $4.96 to $5.16 per share for income from continuing operations. Operating revenue rose 17 percent in the three months ended February 28, 2005, the Glenview, Ill.-based tool maker said. Shares fell 12 cents Monday to $92.95.
Lehman Brothers (LEH: news, chart, profile) reported first-quarter net income of $875 million, or $2.91 per share, up 31 percent from $670 million, or $2.21 per share, last year. The New York-based financial firm cited revenue increases at its investment banking, capital markets and Europe and Asia units. Net revenue rose 21 percent to $3.8 billion. The company was expected to earn $2.20 per share, according to a survey of analysts by Thomson First Call. Shares rose 44 cents to $92.32 on Monday.
Shares of Liberty Media (L: news, chart, profile) rose in pre-market after the group controlled by cable investor John Malone set plans to spin-off its investments in two divisions to shareholders. Overnight, the group said it expects revenue to rise in the high single digits at QVC this year and for operating income to rise in the low double digits.
Lone Star Steakhouse & Saloon (STAR: news, chart, profile) reported fourth-quarter net income $10.5 million, or 47 cents per share, compared to a net loss of $1.5 million, or 7 cents per share, last year. Sales rose to $71.6 million from $69.7 million. The company was expected to earn 30 cents per share, according to a survey of analysts by Thomson First Call. The company restated earnings in 2004 and 2003 based on changes in lease accounting, but the changes, "did not have any impact on the company's previously reported cash position, cash flows or revenue." Shares rose 45 cents to $26.79 on Monday.
LSI Logic Corp. (LSI: news, chart, profile) boosted its first-quarter revenue target, citing stronger demand for its chips used in DVD recorders and iPods. See full story.
Navistar International Corp. (NAV: news, chart, profile) said it delayed filing its first-quarter Form 10-Q with the Securities and Exchange Commission, following the late filing of its 2004 Form 10-K. It said it plans to announce first-quarter results by mid-April.
NCO Group, Inc. (NCOG: news, chart, profile) reported fourth-quarter net income of $12.2 million, or 36 cents per share, up 18 percent from $10.3 million, or 37 cents per share, last year. The latest quarter included a reduction of 3 cents per share from a correction of one of the company's revenue recognition policies. The Horsham, Pa. outsourcing services firm was expected to earn 39 cents per share, according to a survey of analysts by Thomson First Call. Revenue rose 26.5 percent to $237.3 million. NCO said it expects earnings per share of $1.70 to $1.80 in 2005, not including the expense of stock options. The company is expected to earn $1.81 per share according to Wall Street estimates. Shares rell 56 cents per share to $19.03 on Monday.
Northwest Airlines (NWAC: news, chart, profile) said it doesn't expect to add any capacity to its North American routes this year, easing back from growth plans of 2 percent to 3 percent. See full story.
Onyx Software (ONXS: news, chart, profile) said its chief financial officer, Brian Henry, will resign to pursue other interests. Henry said he would remain with the company through mid-April, as the company looks for a successor. Separately, the company said it is seeking an extension in filing its annual report.
Potash Corp. (POT: news, chart, profile) was downgraded to "sector underperformer" by CIBC World Markets.
Princeton Review Inc. (REVU: news, chart, profile) said it will delay filing its annual report with the Securities and Exchange Commission to give it more time to prepare its financial statements. The company sees an additional $22 million non-cash tax expense in its results. It said it would not release its 2004 results Tuesday, as originally planned, but would before the market open on Friday.
Protein Design Labs (PDLI: news, chart, profile) reported a narrowed fourth-quarter loss, due largely to a 124 percent increase in royalty revenue. See full story.
Qualcomm's (QCOM: news, chart, profile) management agrees with Deutsche Bank's view of an improving global CDMA market in India, Korea and China, although the timing of the recovery remains a second-quarter or third-quarter event, the broker told clients. Deutsche Bank said it has been hearing from its industry contacts that Qualcomm has accelerated its CDMA/WCDMA development programs. Regarding third-generation networks, the broker said Qualcomm remains well positioned with U.K. mobile phone operator Vodafone (UK:VOD: news, chart, profile) and several of its suppliers.
Radiologix Inc. (RGX: news, chart, profile) said it net loss for the fourth quarter widened to $7.8 million, or 36 cents a share, from $2.98 million, or 14 cents a share. Service fee revenue fell to $55.4 million from $62.5 million, including a $9.1 million increase to contractual adjustments, referring to cash collections to billed charges, as a result of its own Sarbanes-Oxley accounting standards review.
Station Casinos Inc. (STN: news, chart, profile) , the Las Vegas casino operator, lifted its estimate of adjusted first-quarter earnings to a range of 66 cents to 68 cents a share from 56 cents to 62 cents. The figures exclude certain expenses and one-time items. Thomson First Call's consensus analyst estimate is 60 cents. Revenue will come in near the top of the company's previous estimate of a 9 percent to 13 percent same-store increase, excluding Green Valley Ranch, Station Casinos said. The company also said it would speed the construction of the second phase of expansion at its Red Rock property. The expansion will begin late this year and finish in 2006. Station Casinos' shares rose 8 cents to $61.54 on Monday.
Shares of TiVo, Inc. (TIVO: news, chart, profile) surged 19 percent following a Wall Street Journal report that the digital video recorder is in advanced talks with cable giant Comcast Corp. (CMCSA: news, chart, profile) to form a partnership that would greatly expand TiVo's audience. TiVo executives have been unable to reach an alliance with cable companies, including Comcast, in the past because they could never reach terms that were attractive enough to the company.
Ulticom Inc. (ULCM: news, chart, profile) reported fourth-quarter earnings rose 303 percent to $4.9 million, or 11 cents a share, from $1.2 million, or 3 cents a share, a year ago. Revenue was $17.1 million vs. $10.1 million.
