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Earnings Analysis: 
Dolby Rises, Monster, BankRate Fall
Author: 123jump.com Staff
123jump.com
Last Update: 4:36 PM EDT May 02 2008



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Bankrate.com, the online financial information portal reported revenue surged 91% to 42.5 million and earnings rose 27% to $6.8 million. The banana distributor Chiquita Brands revenue in the first quarter rose 7% to $1.3 billion and net income was $31.7 million compared to a loss of $3.4 million in the quarter a year ago. Dolby Labs, the surround sound technology licensor reported revenue jumped 34% to $172 million and net income increased to $39.1 million. MetLife net income fell.

 
[R]3:30PM New York – Bank Rate.com fell 10% on earnings but Dolby and Chiquita surged.[/R]

Automatic Data Processing, Inc, a provider of business outsourcing solutions said revenue surged 12% to $2.43 billion from $2.17 billion a year ago. Net income in the quarter was $413.6 million, or 79 cents per share, compared with profit of $388.9 million, or 70 cents per share, in the year-ago period.

Automatic Data Processing, Inc. (ADP: chart) Shares fell $2.24 to $43.00.

Bankrate, Inc, online bank and personal finance information provider said total revenue for the first quarter of 2008 increased 91% to $42.5 million from $22.2 million in the first quarter of 2007. Net income increased 27% to $6.8 million, or $0.35 per fully diluted share in the first quarter of 2008, compared to $5.4 million, or $0.28 per share in the same period a year ago.

Bank Rate stock (RATE: chart) fell 5.09 to $47.97.

Chiquita Brands International, Inc, an international distributor of bananas said first quarter of 2008 sales increased 7% to $1.3 billion compared to $1.19 million in the first quarter a year ago. Net income in the quarter was $31.7 million, or 72 cents per share compared with a loss of $3.4 million, or 8 cents per share a year ago.

Chiquita stock (CQB: chart) rose $1.81 to $23.90.

Dolby Laboratories, Inc., develops and delivers products and technologies said total revenue of $172.6 million, an increase of 34%.Compared to $129.0 million for a year ago. Net income was $56.8 million, or $0.49 per diluted share, compared to $39.1 million, or $0.34 per diluted share a year ago.

Dolby stock (DLB: chart) rose $4.44 to $46.21.

MetLife, Inc., a provider of insurance and other financial services said net income for the first quarter of 2008 was $615 million, or 84 cents per share, compared with profit of $983 million, or $1.28 per share, down 36% from a year earlier.

MetLife stock (MET: chart) rose 6 cents $62.00

Monster Worldwide, Inc, online employment agency said total revenue grew 13% to $370 million in the first quarter of 2008 from $329 million in the comparable quarter of 2007. Net income declined to $22.6 million or 18 cents per share, compared with $39.5 million or 30 cents per share, in the year ago period.

Monster stock (MNST: chart) rose 59 cents to $26.15.

Wynn Resorts, Limited a casino resorts developer said net revenues increased 61.4% in the first quarter of 2008 to $778.7 million compared to $635.3 million in the first quarter of 2007. Net income for the quarter was $46.7 million or $0.41 per diluted share, compared to net income of $58.4 million, or $0.54 per diluted share in same period a year ago.

Wynn stock (WYNN: chart) fell 7 cents to $108.02.

Greenhill Investment Company, U.S. investment said first quarter of 2008 of $75.4 million, an increase of 73% compared with revenues of $43.5 million for the first quarter of 2007. Net income increased to $19.2 million or 68 cents a share, compared with $8.7 million, or 29 cents per share in the year ago period.

Greenhill (GHL: chart) stock fell $2.36 to $61.97.
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