10:45 AM New York – Conn’s fourth quarter net income swung to $7.7 million. Comverse Technology fourth quarter net declined 71% to $4.5 million. International Speedway first quarter net dropped to $17.1 million. Lifeway Foods fourth quarter net loss widened. Pep Boys fourth quarter net loss swung to $4.4 million.

Earnings Review

Conn’s, Inc. (CONN), the specialty retailer reported fourth quarter total revenue rose 3.7% to $226.7 million from $218.7 million in the same quarter last year. Same store sales increased 12.1%. Net income in the quarter swung to $7.7 million or 24 cents per diluted share compared to net loss of $3.6 million or 12 cents per share in the year ago earlier.

For 2011 total revenue decreased to $792.3 million from $808.8 million in last year. Net loss for the year widened to $3.72 million or 12 cents per diluted share compared to $1.07 million or 4 cents per share in the prior year.

Comverse Technology, Inc. (CMVT), the holding company reported fourth quarter revenue slipped to $405.5 million from $430.8 million in the same quarter last year. Net income in the quarter declined to $4.5 million or 2 cents per diluted share compared to $15.4 million or 7 cents per share in the year ago period.

For 2011 total revenue fell to $1.59 billion from $1.62 billion in last year. Net loss for the year narrowed to $58.7 million or 28 cents per diluted share compared to $132.3 million or 65 cents per share in the prior year.

International Speedway Corporation (ISCA), the motor sports entertainment reported first quarter revenue decreased to $127.4 million from $148.7 million in the same quarter last year. Net income in the quarter dropped to $17.1 million or 37 cents per diluted share compared to $21.4 million or 45 cents per share in the year ago.

Lifeway Foods, Inc. (LWAY), the dairy food products maker said fourth quarter net sales increased 16% to $18.7 million from $16.1 million in the same quarter last year. Net loss in the quarter widened to $0.4 million or 2 cents per diluted share compared to $0.2 million or 1 cent per share in the year ago earlier.

Molson Coors Brewing Company (TAP), the holding company agreed to acquire Amsterdam based StarBev L.P for $3.54 billion. These consist of $3 billion in cash and additional $667 million in convertible debt. The transaction is expected to close in the second quarter of 2012. StarBev will operate as a separate business within Molson and will remain headquartered in Czech Republic.

Royal Bank of Canada (RY), the Canada based bank agreed to acquire remaining 50% stake of RBC Dexia Investor Services Limited from Banque Internationale à Luxembourg S. A. for C$1.1 billion in cash. The transaction is expected to close in mid of 2012.

The Pep Boys-Manny, Moe & Jack (PBY), the automotive service provider reported fourth quarter sales grew 5.9% to $505.3 million from $477.4 million in the same quarter last year. Net loss in the quarter swung to $4.4 million or 8 cents per diluted share compared to net earnings of $8.4 million or 16 cents per share in the year ago.

For 2011 net sales rose 3.8% to $2.06 billion from $1.99 billion in last year. Net earnings for the year fell to $28.9 million or 54 cents per diluted share compared to $36.6 million or 69 cents per share in the prior year.

Zillow, Inc. (Z), the real estate information provider renewed advertising deal with Yahoo.