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DAILY EARNINGS

Cooper Tire, DISH Network Net Soar


Author: Mukesh Buch
ticker.com
Last Update: 12:09 PM ET February 23 2015

12:30 AM New York Cooper Tire fourth-quarter net surged 320% to $82 million. DISH Network yearly net soared 17% to $945 million. Stag Industrial fourth-quarter net swung a loss of $5.2 million. Tower Semiconductor fourth-quarter net swung profit on 75% increase in revenues.

Tollbooth Index nearly edged down 0.01% or 1.29 to 10,644.38.

Earnings Review

Cooper Tire & Rubber Co (CTB), the tire-maker said revenues in the fourth-quarter ending in December dropped 4.8% to $819.6 million from a year ago period.

Net income in the quarter surged 320% to $82.3 million or $1.39 per diluted share compared to $19.6 million or 31 cents from the same quarter last year.

DISH Network Corp (DISH), the pay-television service provider reported total revenues in the year ending in December jumped 5.3% to $14.6 billion from a year ago period.

Net income in the quarter soared 17% to $945 million or $2.04 per diluted share compared to $807 million or $1.76 from the same quarter last year.

For the full year, DISH activated approx 2.60 million gross new Pay-TV subscribers but reduced to 13.98 million Pay-TV subscribers compared to 14.06 million a year ago period.

DISH added net broadband subscribers in the year of about 141,000 and average monthly revenue per Pay-TV subscriber in the year was $83.77 from $80.37 in fiscal 2013.

Dillard''s, Inc (DDS), the apparel, cosmetics and home furnishing retailer ahead of earnings result after the market close.

Stag Industrial Inc (STAG), the industrial real estate developer said total revenues in the fourth-quarter ending in December soared 33.7% to $50 million from a year ago period.

Net in the quarter swung a loss of $5.24 million or 8 cent per diluted share compared to a profit of $2.1 million or 5 cents from the same quarter last year.

Tower Semiconductor Ltd (TSEM) the Israel-based semiconductor maker stated revenues in the fourth-quarter ending in December jumped 75% to $235 million from a year ago period.

Net in the quarter swung profit to $0.6 million or 1 cent per diluted share compared to a loss of $30 million or 62 cents from the same quarter 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