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2:30 PM New York – Orbitz Worldwide declines to a new low after reporting a wider loss.[/R]
Orbitz Worldwide, Inc. (
OWW: chart), an online travel information company said fourth quarter net revenue increased 10% to $197 million from $179 million in the same quarter of last year with a net loss of $11 million, wider than a loss of $5 million in the prior year quarter. Losses per share for the period were $0.13.
Net revenue for the year ended 2007 increased 14% to $859 million versus $752 million in 2006. Full year net loss declined to $85 million in 2007 compared to a net loss of $146 million in 2006.
For the fourth quarter of 2007, Orbitz Worldwide''s gross bookings were $2.4 billion, equal to the fourth quarter of 2006. Bookings for the air business declined one percent and bookings for the non-air and other businesses increased two percent compared to the fourth quarter of 2006.
International gross bookings increased 43% (30% after adjusting for the impact of foreign exchange) due to strong growth at both ebookers and HotelClub. Domestic gross bookings declined 5% for the fourth quarter of 2007 as compared to same period of 2006.
For the full year 2007, gross bookings were $10.8 billion, up 10 percent over 2006 levels. Air gross bookings increased 10% year over year, while non-air and other bookings increased 11% from 2006 to 2007. International gross bookings grew by 35% in 2007 over 2006 levels, and domestic gross bookings increased by 7% year over year.
Orbitz stock fell 89 cents to $5.72.
Blockbuster Inc. (
BBI: chart), a movie rental and retailer, reported revenues increased 3.6% to $1.57 billion in for the fourth quarter of 2007 from $1.51 billion a year ago. Net income for the fourth quarter of 2007, was $38.1 million, or $0.18 per diluted share, an increase of $29.8 million as compared with net income of $8.3 million, or $0.04 per diluted share, for the quarter of 2006.
2007 revenues increased 0.3% to $5.54 billion from $5.52 billion in 2006. Full year net loss totaled $85.1 million, or $0.45 per share, as compared to net income of $39.2 million, or $0.21 per diluted share, for 2006.
Blockbuster stock fell 9 cents to $2.95.
Gerber Scientific, Inc. (
GRB: chart), an equipment maker reported revenue in the fiscal third quarter 2008 increased to $152.0 million compare to $137.1 million from a year ago. Net income in the quarter was at $3.1 million or $0.13 per diluted share versus net income of $2.2 million, or $0.10.
Gerber stock rose 37 cents to $8.21.
Urban Outfitters, Inc. (
URBN: chart), a casual apparel retailer reported net sales in the fourth quarter soared 29% to a record $465 million with earnings of $53.6 million. Earnings per diluted share were $0.32 for the quarter versus $ 0.21 in the comparable period in 2007.
Comparable store sales at Anthropologie, Free People and Urban Outfitters rose by 18%, 19% and 6%, respectively, for a combined 11% increase.
For the full year sales increased 23% to a record $1.5 billion. Full year 2008 earnings were $160.2 million and earnings per diluted share were $0.94 for the year compare to $ 0.69 for a year-ago.
During the year ended January 31, 2008 the Company opened 16 Urban Outfitters stores, 15 Anthropologie stores and 7 Free People stores or 38 new stores in total. The Company plans to open 45 to 49 new stores during fiscal year 2009.
Urban Outfitters stock fell 8 cents to $29.26.
Coldwater Creek Inc. (
CWTR: chart), a specialty retailer said that for the fourth quarter ended on February 2, 2008 net sales were $345.5 million, compared with $366.6 million in the fourth quarter of 2006. For the fourth quarter net loss was $17 million, or 19 cents a share, from a net profit of $15.9 million, or 17 cents a share, in the same quarter a year earlier.
For the full year, net sales were $1.15 billion versus $1.05 billion in 2006. Sales from the retail segment were $775.1 million versus $664.2 million in the comparable period last year. Direct sales were $376.4 million, compared with $390.4 million in 2006.
Net loss for the year was $2.5 million, or $0.03 per basic and diluted share, compared with net income of $55.4 million, or $0.59 per diluted share, in the last year of 2006.