S&P 500 1,628.93 0.00
Gold$1,359.50 $-6.70
Nasdaq 3,443.20 0.00
Crude Oil $94.53      $-7.86
  
DAILY EARNINGS

Ubiquiti Net Rises; Fusion-io, Harbinger Net Fall


Author: Sarla Buch
ticker.com
Last Update: 11:53 PM ET August 10 2012

Brookfield Asset Management Inc. (BAM), the asset manager reported total revenues in the second quarter of ending on June increased 8.3% to $4.29 billion compared to $3.96 billion in the same period of last year. Net income in the quarter tumbled 73.5% to $379 million or 17 cents per diluted share compared to $1.43 billion or $1.32 per share a year ago earlier.

Fusion-io Inc (FIO), the information technology reported net sales in the second quarter ending in June surged 71.7% to $106.6 million compared to $71.7 million in the same period of last year. Net loss in the quarter swung to $2.4 million or 3 cents per diluted share compared to net income of $5.8 million or 6 cents per share a year ago period.

The company expects revenue for the fiscal first quarter increase modestly from fourth quarter and for the full year revenue growth to be in the range of 45 to 50%.

Harman International Industries, Inc (HAR)), the audio products maker reported net sales in the fourth quarter ending in June advanced 5.8% to $1.09 billion compared to $1.03 billion in the same period of last year. Net income in the quarter more than four-fold to $49 million or 69 cents per diluted share compared to $9 million or 26 cents per share a year ago period.

Harbinger Group Inc. (HRG), the holding company reported revenues in the third quarter ending on July 1 increased 2.5% to $824.8 million compared to $804.6 million in the same period of last year. Net loss in the quarter swung to $149 million or $1.07 per diluted share compared to net income $211 million or $1.16 per share a year ago.

Janus Capital Group Inc. (JNS), the investment service provider said it reached an agreement under which Japan based Dai-ichi Life Insurance Co. will buy up to 20% stake in the company and invest $2 billion.

Ubiquiti Networks, Inc. (UBNT), the wireless broadband service provider reported revenues in the fourth quarter of ending in June surged 40.3% to $94.9 million compared to $67.6 million in the same period of last year. Net income in the quarter swung to $28.5 million or 30 cents per diluted share compared to net loss of $9.35 million or 15 cents per share a year ago period.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc