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Caremark Rx, Inc. (CMX: news, chart, profile) said first-quarter net income rose to $197.5 million, or 43 cents a share, from $84.2 million, or 29 cents a share, in the year-earlier quarter. The results were in line with the average forecast of analysts polled by Thomson First Call. Revenue for the period climbed to $8.37 billion from $3.03 billion a year ago. Looking ahead, Caremark lifted its outlook for 2005 earnings before integration and other related expenses to the range of $1.92 to $1.94 a share, from a previous forecast of $1.88 to $1.92 a share.
CBRL Group (CBRL: news, chart, profile) said that five-week comparable store sales at its Cracker Barrel Old Country Store units rose 2.5% compared to the same point a year ago. The timing of Easter reduced comparable restaurant sales by 1% to 1.5% and retail sales by between 2% to 2.5%, the company said. Meanwhile, comparable restaurant sales at the company's Logan's Roadhouse restaurants in April were 4.4% ahead of last year.
Chesapeake Energy (CHK: news, chart, profile) reported first-quarter earnings of $125 million, or 36 cents a share, compared with $112.6 million, or 38 cents a share, a year ago. Revenue for the quarter was $783.5 million, up from $563 million in 2004.
Cincinnati Bell (CBB: news, chart, profile) reported a first-quarter loss of $5.8 million, or 2 cents a share, vs. a profit of $8.3 million, or 3 cents a share, in the same period a year ago. Excluding non-recurring items, the telecommunications company would have earned 5 cents a share, matching the average analyst estimate compiled by Thomson First Call. Revenue fell 5% to $288.6 million from last year's $302.4 million, missing analyst forecasts of $296.8 million. The company expects 2005 revenue to decline in the low single-digit percentage range from 2004 levels. The stock closed Monday down 5 cents at $3.95.
Commonwealth Telephone Enterprises (CTCO: news, chart, profile) posted first-quarter net income of $15.9 million, or 67 cents a share, up from $14.5 million, or 60 cents a share, a year before, due partly to favorable revenue access settlements. The Thomson First Call analysts' average estimate was for earnings per share of 59 cents. The Dallas, Pa. telecommunications carrier's revenue dropped 1% to $83.5 million from $84.4 million. The company also said it will pay a $13 per share special dividend and initiate a $2 per share annual dividend to be paid quarterly. There will be an initial 50 cents per share quarterly dividend payment for the second quarter. On Monday the company's stock rose 26 cents to $46.72.
CommScope Inc. (CTV: news, chart, profile) reported first-quarter earnings of $5.5 million, or 9 cents per share. Last year, the company posted a loss of $16.4 million, or 27 cents a share. Revenue for the quarter was $309.1 million, compared with $235.1 million in 2004.
Coventry Health Care Inc. (CVH: news, chart, profile) said first-quarter earnings rose 51.6% to a company record $113 million, or $1.09 a share, with operating revenue up 21.5% to $1.57 billion. The Bethesda, Md.-based HMO operator said it sees second-quarter EPS between $1.12 and $1.14 on revenue ranging from $1.64 billion to $1.68 billion, and 2005 EPS between $4.48 and $4.58; the 2005 forecast rose by 5 cents. Analysts had forecasted first-quarter EPS of $1.06, second-quarter EPS of $1.11 and 2005 EPS of $4.49, according to Thomson First Call.
Electronic Data Systems Corp. (EDS: news, chart, profile) posted a first-quarter profit, reversing a year-earlier loss, although revenue fell 5%. The Plano, Texas-based company said it turned a profit of $4 million, or 1 cent a share, for the quarter, up from a year-ago loss of $12 million, or 2 cents a share. Revenue for the three-month period that ended on March 31 declined 5% to $4.94 billion from $5.2 billion, but topped the average of analysts' expectations. Excluding one-time items like stock-option expenses, EDS would have posted a quarterly profit of $35 million, or 7 cents a share, up from a loss of $29 million, or 6 cents a share. See full story.
Enterprise Products Partners L.P. (EPD: news, chart, profile) reported first-quarter net income of $109.3 million, or 25 cents per unit of the limited partnership, against $62.5 million, or 26 cents per unit, a year before. The Thomson First Call analysts' average estimate was for earnings per unit of 24 cents. Revenue shot up to $2.56 billion from $1.7 billion a year before. Enterprise's financial results for the recent quarter include contributions from the recently acquired GulfTerra Energy Partners, L.P. division. On Monday the Houston energy services company's stock fell 15 cents to $25.68.
General Electric (GE: news, chart, profile) received a subpoena from the Securities and Exchange Commission as part of a probe into a product that has been alleged to boost earnings at corporations. The Fairfield, Conn.-based conglomerate said the SEC's New York office is seeking documents relating to "certain loss mitigation insurance products" at its GE Insurance Solutions unit. See full story.
Given Imaging Ltd. (GIVN: news, chart, profile) posted a profit of $1.2 million, or 4 cents a share. Last year, the Israel-based company reported a loss of $585,000, or 2 cents a share. Revenue rose to $22 million from $12.8 million a year ago. The company expects second-quarter earnings of 6 cents to 10 cents a share on revenue between $22 million and $24 million.
Henry Schein (HSIC: news, chart, profile) reported first-quarter earnings of $33.2 million, or 37 cents a share, up from $28.4 million, or 31 cents a share in the same period a year ago, and above the average analyst estimate compiled by Thomson First Call of 36 cents a share. Revenue rose 24% to $1.1 billion from last year's $886.6 million, vs. analyst forecasts of $1.08 billion. The dental and medical services company reiterated its 2005 earning outlook of $1.73 to $1.77 a share, if Chiron is unable to re-enter the flu vaccine market. The stock closed Monday up 30 cents at $37.81.
Industrial Distribution Group (IDGR: news, chart, profile) said first-quarter net income rose to $1.22 million, or 13 cents a share, from $1 million, or 11 cents a share, in the year-earlier quarter. Revenue for the period climbed to $137.9 million from $126.1 million a year ago on double-digit growth in the company's service business. Gross margins for the quarter fell to 21% from 22.1% a year ago on "continued competitive pricing pressures," the business processes services company said.
Kerzner International (KZL: news, chart, profile) said that first-quarter net income dropped to $38 million, or $1.01 a share, from $40.8 million, or $1.28 a share, at the same point a year ago. Analysts surveyed by Thomson/First Call had been expecting the company to report net income of $1.19 a share. Adjusted net income was $49 million, compared to $40.5 million last year, excluding costs of $10.5 million, or 28 cents a share relating to proposed U.K. gaming projects, the company said. Revenue rose to $201.7 million during the quarter, from $181.1 million last year.
Kimball International, Inc. (KBALB: news, chart, profile) said third-quarter net income fell to $1.3 million, or 4 cents per class B share, from $4.4 million, or 12 cents per class B share, in the year-earlier quarter. Revenue for the period declined to $275.6 million from $277.9 million a year ago as an increase in sales in the furniture and cabinets segment was more than offset by a slump in sales in the electronic contract assemblies division.
Landry's Restaurants (LNY: news, chart, profile) posted net income for the first quarter of $7.4 million, or 29 cents a share, compared to $11.1 million or 39 cents a shares a year ago. Revenue for the quarter was $281.3 million versus $275.7 million a year earlier. Analysts polled by Thomson First Call had expected the company, on average, to earn 29 cents a share in the quarter. Landry's shares rose 21 cents Monday and closed at $26.21.
Las Vegas Sands Corp. (LVS: news, chart, profile) said first-quarter net income fell to $7.1 million, or 2 cents a share, from $49.9 million, or 15 cents a share, in the year-earlier quarter. Excluding exceptional items, the casino operator would have earned 29 cents a share in the quarter, compared to 12 cents a share a year ago. The results beat the average forecast for earnings of 25 cents a share of analysts polled by Thomson First Call. Revenue climbed to $403.8 million from $239.2 million a year ago on strong casino demand in Las Vegas.
Macrovision Corp. (MVSN: news, chart, profile) said its first-quarter earnings were cut nearly in half despite a 35% gain in revenue from last year thanks to a large write-down of a previous investment. The Santa Clara, Calif.-based provider of digital content protection technology also issued second-quarter forecasts that were below those of Wall Street. For the quarter ended March 31, earnings were $5.5 million, or 11 cents per share, compared to earnings of $10.8 million, or 21 cents per share, for the same period last year
Caremark Rx, Inc. (CMX: news, chart, profile) said first-quarter net income rose to $197.5 million, or 43 cents a share, from $84.2 million, or 29 cents a share, in the year-earlier quarter. The results were in line with the average forecast of analysts polled by Thomson First Call. Revenue for the period climbed to $8.37 billion from $3.03 billion a year ago. Looking ahead, Caremark lifted its outlook for 2005 earnings before integration and other related expenses to the range of $1.92 to $1.94 a share, from a previous forecast of $1.88 to $1.92 a share.
CBRL Group (CBRL: news, chart, profile) said that five-week comparable store sales at its Cracker Barrel Old Country Store units rose 2.5% compared to the same point a year ago. The timing of Easter reduced comparable restaurant sales by 1% to 1.5% and retail sales by between 2% to 2.5%, the company said. Meanwhile, comparable restaurant sales at the company's Logan's Roadhouse restaurants in April were 4.4% ahead of last year.
Chesapeake Energy (CHK: news, chart, profile) reported first-quarter earnings of $125 million, or 36 cents a share, compared with $112.6 million, or 38 cents a share, a year ago. Revenue for the quarter was $783.5 million, up from $563 million in 2004.
Cincinnati Bell (CBB: news, chart, profile) reported a first-quarter loss of $5.8 million, or 2 cents a share, vs. a profit of $8.3 million, or 3 cents a share, in the same period a year ago. Excluding non-recurring items, the telecommunications company would have earned 5 cents a share, matching the average analyst estimate compiled by Thomson First Call. Revenue fell 5% to $288.6 million from last year's $302.4 million, missing analyst forecasts of $296.8 million. The company expects 2005 revenue to decline in the low single-digit percentage range from 2004 levels. The stock closed Monday down 5 cents at $3.95.
Commonwealth Telephone Enterprises (CTCO: news, chart, profile) posted first-quarter net income of $15.9 million, or 67 cents a share, up from $14.5 million, or 60 cents a share, a year before, due partly to favorable revenue access settlements. The Thomson First Call analysts' average estimate was for earnings per share of 59 cents. The Dallas, Pa. telecommunications carrier's revenue dropped 1% to $83.5 million from $84.4 million. The company also said it will pay a $13 per share special dividend and initiate a $2 per share annual dividend to be paid quarterly. There will be an initial 50 cents per share quarterly dividend payment for the second quarter. On Monday the company's stock rose 26 cents to $46.72.
CommScope Inc. (CTV: news, chart, profile) reported first-quarter earnings of $5.5 million, or 9 cents per share. Last year, the company posted a loss of $16.4 million, or 27 cents a share. Revenue for the quarter was $309.1 million, compared with $235.1 million in 2004.
Coventry Health Care Inc. (CVH: news, chart, profile) said first-quarter earnings rose 51.6% to a company record $113 million, or $1.09 a share, with operating revenue up 21.5% to $1.57 billion. The Bethesda, Md.-based HMO operator said it sees second-quarter EPS between $1.12 and $1.14 on revenue ranging from $1.64 billion to $1.68 billion, and 2005 EPS between $4.48 and $4.58; the 2005 forecast rose by 5 cents. Analysts had forecasted first-quarter EPS of $1.06, second-quarter EPS of $1.11 and 2005 EPS of $4.49, according to Thomson First Call.
Electronic Data Systems Corp. (EDS: news, chart, profile) posted a first-quarter profit, reversing a year-earlier loss, although revenue fell 5%. The Plano, Texas-based company said it turned a profit of $4 million, or 1 cent a share, for the quarter, up from a year-ago loss of $12 million, or 2 cents a share. Revenue for the three-month period that ended on March 31 declined 5% to $4.94 billion from $5.2 billion, but topped the average of analysts' expectations. Excluding one-time items like stock-option expenses, EDS would have posted a quarterly profit of $35 million, or 7 cents a share, up from a loss of $29 million, or 6 cents a share. See full story.
Enterprise Products Partners L.P. (EPD: news, chart, profile) reported first-quarter net income of $109.3 million, or 25 cents per unit of the limited partnership, against $62.5 million, or 26 cents per unit, a year before. The Thomson First Call analysts' average estimate was for earnings per unit of 24 cents. Revenue shot up to $2.56 billion from $1.7 billion a year before. Enterprise's financial results for the recent quarter include contributions from the recently acquired GulfTerra Energy Partners, L.P. division. On Monday the Houston energy services company's stock fell 15 cents to $25.68.
General Electric (GE: news, chart, profile) received a subpoena from the Securities and Exchange Commission as part of a probe into a product that has been alleged to boost earnings at corporations. The Fairfield, Conn.-based conglomerate said the SEC's New York office is seeking documents relating to "certain loss mitigation insurance products" at its GE Insurance Solutions unit. See full story.
Given Imaging Ltd. (GIVN: news, chart, profile) posted a profit of $1.2 million, or 4 cents a share. Last year, the Israel-based company reported a loss of $585,000, or 2 cents a share. Revenue rose to $22 million from $12.8 million a year ago. The company expects second-quarter earnings of 6 cents to 10 cents a share on revenue between $22 million and $24 million.
Henry Schein (HSIC: news, chart, profile) reported first-quarter earnings of $33.2 million, or 37 cents a share, up from $28.4 million, or 31 cents a share in the same period a year ago, and above the average analyst estimate compiled by Thomson First Call of 36 cents a share. Revenue rose 24% to $1.1 billion from last year's $886.6 million, vs. analyst forecasts of $1.08 billion. The dental and medical services company reiterated its 2005 earning outlook of $1.73 to $1.77 a share, if Chiron is unable to re-enter the flu vaccine market. The stock closed Monday up 30 cents at $37.81.
Industrial Distribution Group (IDGR: news, chart, profile) said first-quarter net income rose to $1.22 million, or 13 cents a share, from $1 million, or 11 cents a share, in the year-earlier quarter. Revenue for the period climbed to $137.9 million from $126.1 million a year ago on double-digit growth in the company's service business. Gross margins for the quarter fell to 21% from 22.1% a year ago on "continued competitive pricing pressures," the business processes services company said.
Kerzner International (KZL: news, chart, profile) said that first-quarter net income dropped to $38 million, or $1.01 a share, from $40.8 million, or $1.28 a share, at the same point a year ago. Analysts surveyed by Thomson/First Call had been expecting the company to report net income of $1.19 a share. Adjusted net income was $49 million, compared to $40.5 million last year, excluding costs of $10.5 million, or 28 cents a share relating to proposed U.K. gaming projects, the company said. Revenue rose to $201.7 million during the quarter, from $181.1 million last year.
Kimball International, Inc. (KBALB: news, chart, profile) said third-quarter net income fell to $1.3 million, or 4 cents per class B share, from $4.4 million, or 12 cents per class B share, in the year-earlier quarter. Revenue for the period declined to $275.6 million from $277.9 million a year ago as an increase in sales in the furniture and cabinets segment was more than offset by a slump in sales in the electronic contract assemblies division.
Landry's Restaurants (LNY: news, chart, profile) posted net income for the first quarter of $7.4 million, or 29 cents a share, compared to $11.1 million or 39 cents a shares a year ago. Revenue for the quarter was $281.3 million versus $275.7 million a year earlier. Analysts polled by Thomson First Call had expected the company, on average, to earn 29 cents a share in the quarter. Landry's shares rose 21 cents Monday and closed at $26.21.
Las Vegas Sands Corp. (LVS: news, chart, profile) said first-quarter net income fell to $7.1 million, or 2 cents a share, from $49.9 million, or 15 cents a share, in the year-earlier quarter. Excluding exceptional items, the casino operator would have earned 29 cents a share in the quarter, compared to 12 cents a share a year ago. The results beat the average forecast for earnings of 25 cents a share of analysts polled by Thomson First Call. Revenue climbed to $403.8 million from $239.2 million a year ago on strong casino demand in Las Vegas.
Macrovision Corp. (MVSN: news, chart, profile) said its first-quarter earnings were cut nearly in half despite a 35% gain in revenue from last year thanks to a large write-down of a previous investment. The Santa Clara, Calif.-based provider of digital content protection technology also issued second-quarter forecasts that were below those of Wall Street. For the quarter ended March 31, earnings were $5.5 million, or 11 cents per share, compared to earnings of $10.8 million, or 21 cents per share, for the same period last year
