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Earnings Analysis: 
TXU Third-Quarter Profit Jumps 78%
Author: 123jump.com Staff
123jump.com
Last Update: 3:59 PM EST November 09 2006



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TXU third-quarter profit increased on lower operating expenses and a 6% rise in revenue. Westwood One third-quarter profit decreased 48%, hurt by lower revenue. Carrizo Oil & Gas recorded lower quarterly profit but higher revenue.

 
TXU Corp. (TXU: chart), electricity producer, said that its third-quarter net income increased 78% to $1 billion, or $2.15 per share, compared with $565 million, or $1.16 per share, in the year-ago period. Revenue jumped 5.9% to $3.51 billion from $3.31 billion during the same period a year ago.

Westwood One Inc. (WON: chart), news, music and sports programming provider, said that its third-quarter net income fell to $10.5 million, or 12 cents per share, compared with $20.1 million, or 22 cents per share in the year-ago period. Revenue declined 15% to $114.3 million from $134.9 million in the year-ago quarter.

Carrizo Oil & Gas Inc. (CRZO: chart), engaged in the exploration, development, exploitation and production of oil and natural gas, said that its third-quarter net income declined to $4.8 million, or 18 cents per share, versus a year-earlier net loss of $7.9 million, or 33 cents per share. Revenue rose to $20.3 million, up about 10% from the prior year''s $18.4 million.

Gmarket Inc. (GMKT: chart), e-commerce company retailer, reported third-quarter net earnings of 5.4 billion won ($5.7 million), or 109 won per share (11 cents), compared with 189 million won, or 3 won per share, in the year-ago period. Revenue rose to 41.2 billion won ($43.5 million) from 18.3 billion won last year.

J.C. Penney Co. Inc. (JCP: chart), department store chain, said that its third-quarter earnings increased to $287 million, or $1.26 per share, compared with a year-ago profit of $234 million, or 94 cents per share. Revenue jumped 6.7% to $4.78 billion from $4.48 billion in the same period a year earlier.

Net 1 UEPS Technologies Inc. (UEPS: chart), electrocardiographic technology and services provider, said that its third-quarter net earnings fell to $2.47 million, or 5 cents per share, compared with $4.03 million, or 8 cents per share, in the year-ago period. Revenue climbed to $22.2 million from $20.9 million.

Imax Corp. (IMAX: chart), entertainment company, reported a third-quarter net loss of $12 million, or 30 cents per share versus a net profit of $2.28 million, or 6 cents per share in the year-ago quarter. Revenue declined to $20.7 million from $33.4 million a year earlier.
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