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Earnings Analysis: 
Ansys Revises Earnings
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:40 AM EDT June 05 2006



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Ansys Inc, maker of simulation software, reported it expects earnings of 7 to 15 cents a share on revenue of between $57 million and $60 million for Q2. The company announced that the updated outlook reflects its recently completed acquisition of Fluent Inc.

 
Ansys Inc., (ANSS: chart), said that on an adjusted non-GAAP basis, which excludes charges and the adverse impact of purchase accounting adjustments on software license revenue, the company expects earnings of 36 to 37 cents a share on revenue of between $64 million and $65 million for the June quarter. The company announced that the updated outlook reflects its recently completed acquisition of Fluent Inc. Analysts’ estimates are for profits of 36 cents a share in the June period and $1.59 a share for the year.

Cutera Inc, (CUTR: chart), provider of laser and other light-based aesthetic systems, revised its earnings guidance following its settlement of patent litigation with Palomar Medical Technologies Inc. For Q2, Cutera anticipates a net loss of 89 cents a share and adjusted net income of 8 cents, missing analysts’ estimates of Q2 net income of 12 cents a share.

Camden Property Trust, (CPT: chart), real estate investment trust, announced it reaffirmed forecasts for funds from operations of 85 to 90 cents a share in Q2 and $3.50 to $3.70 a share for the full year. Analysts’ estimates are for funds from operations of 89 cents a share for the June quarter.

Highwood Properties Inc, (HIW: chart), real estate investment trust, reported Q4 net income jumped to $1.9 million, or 3 cents a share, from $144,000 a year earlier. Funds from operations for Q4 declined 16% to 43 cents a share. Highwood announced the funds from operations figure was hit by 14 cents a share of impairments and other charges, including from depreciation and redemption charges.

Beldon CDT Inc, (BDC: chart), high-speed electronic cables manufacturer, reported it will take a Q2 impairment charge of $2 million and severance charges of $3.6 million over several quarters as it moves cable production to Mexico and closes two plants with 315 employees in the U.S. The company forecasts Q2 adjusted earnings to be above the top end of its April forecast of 37-42 cents a share. Analysts’ are for earnings of 40 cents a share.
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