Comverse Technology, Inc. (CMVT: chart) of Woodbury, New York, announced Monday a huge rise in its quarterly earnings, topping analysts’ projections, driven by solid revenue growth. The developer of communications systems and software reported that its net profit more than quadrupled to $21 million, or 10 cents per share, in the fourth quarter of fiscal 2004, compared to a net profit of $4.9 million, or 2 cents per share, for the corresponding period a year earlier. Excluding items, Comverse earned $22.3 million, or 10 cents per share, for the quarter ended January 31, up from $3.2 million, or 2 cents per share, last year, and a penny per share above the mean analysts’ forecast. Sales for the quarter jumped 27.6% to $259.1 million from $203 million, bolstered by strong demand across all three of the company’s business units, Comverse Network Systems, Verint and Ulticom. Analysts had predicted quarterly sales of $252.4 million, on average.

Comverse shares closed Monday up 38 cents, or 1.63%, at $23.65. The stock gained 33 cents to $23.98 in after-market trade.

Conseco, Inc. (CNO: chart) posted Monday quarterly profits that surged 55% from a year ago, as reduced expenses helped offset weakness in revenue. The Carmel, Indiana-based insurer announced fourth-quarter net income of $76.9 million, or 46 cents per share, against net income of $49.6 million, or 49 cents per share, for the 2003 comparable period. The company said per-share results were affected by a $1.6 billion equity offering and $800 million debt refinancing completed in mid-2004, which increased weighted average diluted shares outstanding by approximately 86%, compared to the prior-year quarter. Quarterly revenue slipped to $1.11 billion from $1.14 billion.

The stock rose 3.39% to $19.80 at market close Monday.

This week is likely to keep analysts busy, as the market anticipates the start of first-quarter financial announcements and the release of important economic data. Four of the biggest Wall Street banks are on the earnings schedule this week. Lehman Brothers Holdings Inc. (LEH: chart) and Bear Stearns Companies Inc. (BSC: chart) will report their quarterly results on Tuesday and Wednesday, respectively. The Goldman Sachs Group Inc. (GS: chart) and Morgan Stanley (MWD: chart), the other two big names in the financial services sector this week, are expected to announce their earnings on Thursday. Investors will also be looking out for quarterly results from FedEx Corporation (FDX: chart), Nike Inc. (NKE: chart), Jabil Circuit Inc. (JBL: chart) and Tektronix Inc. (TEK: chart). Along with earnings, the week's calendar of economic data will also be in focus. Investors will be watching closely the key retail sales data for February, which is due out on Tuesday, to throw some light on consumer spending. The report on the fourth-quarter U.S. current account deficit will be released on Wednesday. Industrial production data for February is expected on the same day. The report on import and export prices for February is scheduled for Friday.

Urban Outfitters, Inc. (URBN: chart) posted before market open Thursday record quarterly earnings and sales, boosted by strong performance across all of its business segments. The Philadelphia, Pennsylvania-based retailer and wholesaler which operates under the Urban Outfitters, Anthropologie and Free People brands, reported net income of $31.7 million, or 38 cents per share, for the fourth quarter of fiscal 2005. That represents a 72% increase compared with year-earlier net income of $18.4 million, or 22 cents per share. The average analysts’ forecast was for a profit of 36 cents per share. For the quarter ended January 31, sales jumped 43% to $251.6 million from $176.1 million, last year, driven by a 13% rise in comparable-store sales. Comparable-store sales at Anthropologie, Free People and Urban Outfitters rose 17%, 58% and 10%, respectively. The company said wholesale sales surged 106% from a year ago. Direct-to-consumer sales soared 69% during the quarter. Urban Outfitters added that gross profit margins improved in the fourth quarter due to higher initial merchandise margins and the leveraging of occupancy expenses.

Kmart Holding Corporation (KMRT: chart), which emerged from bankruptcy in May 2003, posted Wednesday quarterly earnings that increased 14% from a year earlier, aided by lower costs that offset a drop in sales. The Troy, Michigan-based U.S. third-largest discount retailer announced net income of $309 million, or $3.09 per share, for the fourth quarter of fiscal 2004, up from net income of $270 million, or $2.78 per share, for the prior-year equivalent. Excluding unusual items, fourth-quarter earnings totaled $259 million, or $2.59 per share, compared with $215 million, or $2.23 per share, last year. For the quarter ended January 26, Kmart recorded sales of $5.91 billion, a 6.6% decline compared with year-ago sales of $6.33 billion. Same-store sales dipped 4.5% during the quarter. However, this was an improvement, as same-store sales declined 13.5% a year ago. In the second and third quarters of fiscal 2004, the drop was 12.8% and 14.9%, respectively. For all of 2004, Kmart earned $1.1 billion, or $11 per share.