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DAILY EARNINGS

BroadSoft Net Jumps, Icahn Entp Net Loss Widens


Author: Mukesh Buch
ticker.com
Last Update: 7:32 AM ET February 29 2016

12:00 PM New York BroadSoft fourth-quarter net soared 51% to $12 million. Enstar Group fourth-quarter net jumped 6% to $112 million. Federal-Mogul fourth-quarter net loss narrowed to $58 million. Icahn Entp fourth-quarter net loss widened to $1.1 billion. Tribune Media fourth-quarter net swung to a loss of $381 million.

Tollbooth Index fell 65.44 or 0.6% to 10,193.19.

Earnings Review

Aegion Corp (AEGN), the infrastructure protection and maintenance provider said revenue in the fourth-quarter ending in December declined 6.1% from a year ago to $330.7 million.

Net loss in the quarter narrowed to $32.9 million or 91 cents per diluted share compared to $36.9 million or 99 cents per share from the same quarter last year.

BroadSoft Inc (BSFT), the cloud-based software services provider reported total revenue in the fourth-quarter ending in December advanced 36% from a year ago to $89.6 million.

Net income in the quarter soared 50.6% to $11.6 million or 39 cents per diluted share compared to $7.7 million or 26 cents per share from the same quarter last year.

Enstar Group Ltd (ESGR), the Bermuda-based insurer stated total revenues in the fourth-quarter ending in December decreased 2.4% from a year ago to $217.6 million.

Net income in the quarter jumped 5.7% to $111.9 million or $5.75 per diluted share compared to $105.9 million or $5.62 per share from the same quarter last year.

Federal-Mogul Holdings Corp (FDML), the industrial products supplier said net sales in the fourth-quarter ending in December were flat from a year ago to $1.80 billion.

Net loss in the quarter narrowed to $58 million or 36 cents per diluted share compared to $185 million or $1.24 per share from the same quarter last year.

Icahn Enterprises LP (IEP), the diversified investment company reported total revenue in the fourth-quarter ending in December plunged 23.7% from a year ago to $2.57 billion.

Net loss in the quarter widened to $1.1 billion or $8.56 per diluted share compared to $478 million or $3.84 per share from the same quarter last year.

Tribune Media Company (TRCO), the diversified media and entertainment company said revenue in the fourth-quarter ending in December fell 1% from a year ago to $547.6 million.

Net in the quarter swung to a loss of $380.9 million or $4.07 per diluted share compared to profit of $314.7 million or $3.14 per share from the same quarter last year.

During the quarter, Tribune Media recorded non-cash impairment charges in the television and entertainment business of about $385 million.

The media company forecasted revenues in the fiscal 2016 between $2.25 billion and $2.28 billion.

The company estimated revenues in television and entertainment segment in the range of $1.97 billion to $2 billion while operating profit between $640 million and $665 million.

Digital and Data business revenues in the range of $225 million to $235 million and operating profit between $47 million and $50 million.

On February 24, the board of directors authorized a new share repurchase program for up to $400 million.

Workday Inc (WDAY), the cloud-based applications provider said total revenue in the fourth-quarter ending in January soared 43% from a year ago to $323.4 million.

Net loss in the quarter widened to $81.1 million or 42 cents per diluted share compared to $59.5 million or 32 cents per share from the same quarter last year.

The company said subscription revenue in the quarter surged 44% to $261.8 million from the same period last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc