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Earnings Analysis: 
Sierra Pacific Reports Third-Quarter Decline
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:49 AM EST November 07 2005



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Sierra Pacific Resources, electric energy company, posted Q3 net earnings of 33 cents a share, down from 49 cents a share in the same period last year on revenue growth, missing analyst estimate of 49 cents a share.

 
Sierra Pacific Resources, (SRP: chart), stated also improved sales and customer growth from its power subsidiaries. The company incurred one-time charges for costs and fees connected with the early conversion of Sierra Pacific''s 7.25% convertible notes issued in 2003.

Radica Games, (RADA: chart), video-game maker, announced that Q3 net profit soared 67% to 51 cents a share from the year-ago period. Sales climbed 30% on continued strength in the electronic games category.

Pilgrim''s Pride Corp, (PPC: chart), poultry producer, posted fiscal Q4 net income of $1.12 a share slightly down from $1.13 in the year-ago period on revenue decline and lower sales, beating analyst view of $1.08 a share If not for non-recurring items, the year-ago earnings were 99 cents a share.

Kerzner International Ltd, (KZL: chart), casino and destination-resorts operator, posted a Q3 net loss of 14 cents a share, up from last year''s loss of 33 cents a share on revenue growth.. On an adjusted basis, the company would have gained 28 cents a share, up from 11 cents a year before, and beating on that basis analyst expectations of a net profit of 22 cents a share.

U.S. Concrete, Inc., (RMIX: chart), concrete and related products producer, reported that Q3 net profit advanced 13% to 31 cents a share from the year-ago quarter. Sales climbed 16.2% on higher ready-mix concrete prices and sales volumes. The company expects Q4 earnings in the range of 6 cents to 11 cents a share.

Beverly Enterprises, (BEV: chart), provider of healthcare services to the elderly, posted Q3 earnings of 18 cents a share, down from 20 cents a share in the same period last year on 11% revenue growth. If not for non-recurring items, the company would have earned 24 cents a share, matching analyst estimate.

Pinnacle Entertainment Inc., (PNK: chart), casino operator, reported that it reversed Q3 net income of 12 cents a share, from a year-earlier loss of 9 cents on revenue growth On an adjusted basis, the company’s loss widened to 9 cents a share, from 7 cents in the comparable period last year.

Dreyer''s Grand Ice Cream Holdings, (DRYR: chart), ice cream producer, reported a Q3 loss of 78 cents a share up from a loss of 81 cents a share in the year-earlier period on 10% revenue growth

J&J Snack Foods Corp, (JJSF: chart), snack items producer, announced fiscal Q4 net income advanced to $1.06 a share, up from 96 cents a share in the year-ago period on higher sales. J&J stated continued strong performance in food services. In addition, warm weather helped the ICEE and frozen-dessert product lines..
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