Disney, Eagle Bulk, Value Click Rise

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Earnings Analysis:

Author: 123jump.com Staff
123jump.com
Last Update: 11:28 AM EDT May 07 2008

The Walt Disney second quarter revenue rose 11% to $8.7 billion and earnings jumped 22% to $1.1 billion. Earnings per share in the quarter rose to 58 cents from 44 cents a year ago. Rising international vsitors to the U.S. theme parks lifted revenues. Online diamond retailer reported a mediocre rise in sales of 3.6% to $70.5 million and earnings fell 17%. Dolan Media, a provider of business information, reported sales rise of 16% and swung to net income of $4 million.

[R]11:15AM New York – Disney rose on rising sales from international visitors to its theme parks. Eagle Bulk Shipping benefits from rising global trade.[/R]

The Walt Disney Company, worldwide entertainment company said second quarter revenues rose 11% to $8.71 billion from $7.9 billion a year ago. Net income in the quarter increased 22% to $1.1 billion or 58 cents per diluted share compared to net income of $931 million or 44 cents per share, a year ago.

Disney stock (DIS: chart) rose $1.09 to $34.85.

iMergent, Inc, an e-services company said third quarter revenues declined 54% to $27.6 million from $42.6 million a year ago. Net income in the quarter was $1.7 million or 15 cents per diluted share compared to net income of $4.7 million or 36 cents per share, a year ago.

iMergent stock (IIG)) fell 22 cents to $11.13.

Blue Nile, Inc, an online retailer of diamonds and jewelry said first quarter net sales increased 3.61% to $70.5 million from $67.9 million a year ago. Net income in the quarter $2.6 million or 16 cents per diluted share compared to net income of $3.1 million or 19 cents per share, a year ago.

Blue Nile stock (NILE: chart) rose 96 cents to $46.08.

Papa John’s International, Inc, franchises pizza delivery said first quarter revenues rose 11% to $289 million from $260.6 million a year ago. Net income in the quarter fell to $8.6 million or 30 cents per diluted share compared to net income of $13.2 million or 43 cents per share, a year ago.

Papa John’s International (PZZA: chart) stock fell 19 cents to close at $26.91.

Churchill Downs Incorporated, an owner of pari-mutuel wagering properties reported first quarter revenues rose 37% to $65.7 million from $47.8 million a year ago. Net income in the quarter was $0.8 million or 6 cents per diluted compared to net loss of $8.4 million or $0.61 cents per share, a year ago.

Churchill Downs stock (CHDN: chart) added 43 cents to $46.19.

Dolan Media Company, a business information provider said first quarter revenues increased 16.3% to $41.5 million from $35.7 million a year ago. Net income in the quarter was $4.0 million or 16 cents per diluted share compared to net loss of $9.3 million or $2.98 cents per share, a year ago.

Dolan Media stock (DM: chart) gained $1.74 to $19.49.

Douglas Emmett Inc, a real estate investment trust said first quarter revenues rose 8.1% to $99.0 million from $91.6 million a year ago. Net loss in the quarter was $2.5 million or 2 cents per diluted share compared to net loss of $3.3 million or 3 cents per share, a year ago.

Douglas Emmet stock (DEI: chart) added 31 cents to $24.60.

Eagle Bulk Shipping Inc, ocean transportation provider said first quarter revenues increased 36% to $36.7 million from $26.9 million a year ago. Net income in the quarter was $14.3 million or 31 cents per diluted share compared to net income of $4.5 million or 23 cents per share, a year ago.

Eagle Bulk (EGLE: chart) rose $2.60 to $33.29.

Eagle Materials Inc, a manufacturer of building materials said fourth quarter revenues declined 24% to $144.8 million from $191.7 million a year ago. Net income in the quarter was $3.2 million or 7 cents per diluted share compared to net income of $36.5 million or 75 cents per share, a year ago.

Eagle Materials stock (EXP: chart) gained $1.14 to $37.69.

ExlService Holdings, Inc, a recognized business solutions provider said first quarter revenues rose 27.8% to $50.9 million from $39.9 million a year ago. Net income in the quarter was $6.8 million or 23 cents per diluted share compared to net income of $5.4 million or 19 cents per share, a year ago.