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DAILY EARNINGS

Neogen Net Climbs 27%, Turquoise Hill Loss Windes


Author: Mukesh Buch
ticker.com
Last Update: 11:36 AM ET March 26 2013

10:45 AM New York Gordmans fourth quarter net plunged 23%. Neogen third quarter net climbed 27%. Sonic second quarter net surged two-fold. Turquoise Hill fourth quarter net loss widened to $182.4 million. Children's Place fourth quarter net declined 18% to $19.1 million.

Earnings Review

AuRico Gold Inc. (AUQ), the Canada based gold producer reported revenue in the fourth quarter ending in December surged 112% to $63.1 million. In the quarter net swung to $134.4 million loss or 48 cents a diluted share compared to net earnings of $23 million or 9 cents.

Focus Media Holding Limited (FMCN), the Hong Kong based media company stated total revenue in the fourth quarter ending in December was nearly flat to $250.2 million. Net income in the quarter surged more than doubled to $76.7 million or 57 cents a diluted share compared to $37.1 million or 28 cents.

The company added gross profit in the quarter decreased 2% to $171.3 million.

Gordmans Stores, Inc. (GMAN), the apparel retailer said net sales in the fourth quarter ending on February 2 climbed 9% to $202.5 million. Comparable sales in the quarter rose 4.2%.

Net income in the quarter plunged 23% to $7.9 million or 41 cents a diluted share compared to $10.2 million or 53 cents.

The company added gross profit in the quarter advanced 6% to $78.4 million.

Neogen Corporation (NEOG), the medical equipments maker revenues in the third quarter ending on February 28 jumped 14% to $51 million. Net income in the quarter climbed 27% to $6.65 billion or 27 cents a diluted share compared to $5.24 million or 22 cents.

Sonic Corp (SONC), the restaurants company reported net revenue in the second quarter ending on February 28 dropped 3% to $111.1 million. Comparable sales in the quarter were flat.

Net income in the quarter surged two-fold to $3.58 million or 6 cents a diluted share compared to $1.68 million or 3 cents.

Turquoise Hill Resources Ltd (TRQ), the Canada based mining company stated revenue in the fourth quarter ending in December decreased 18% to $41.6 million. Net loss in the quarter widened to $182.4 million or 18 cents a diluted share compared to $85.8 million or 4 cents.

The Children's Place Retail Stores, Inc (PLCE), the specialty retailer said net sales in the fourth quarter ending on February 2 climbed 11% to $509.2 million. Comparable sales in the quarter jumped 4.3%.

Net income in the quarter declined 18% to $19.1 million or 80 cents a diluted share compared to $23.3 million or 93 cents.

The retailer expects first quarter non-GAAP diluted earnings per diluted share between 60 cents and 65 cents.
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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