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Earnings Analysis: 
Urban Outfitters Sales Up 29%
Author: 123jump.com Staff
123jump.com
Last Update: 2:57 PM EST March 06 2008


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Urban Outfitters, Inc, 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. Blockbuster reported revenues increased 3.6% to $1.57 billion in for the fourth quarter of 2007 from $1.51 billion a year ago.

 
Dynamex Inc. (DDMX: chart), a provider of same day delivery services reported second quarter net income of $3.4 million or $0.33 fully diluted share compared to $3.7 million or $0.35 per share a year ago. Fiscal second quarter 2008 sales increased 10.9% to $112 million.

“Our outlook remains positive for the remainder of the year,” said chief executive Rick McClelland. He further added, “Our balance sheet is extremely strong with zero long-term debt. Margins remain within our targeted range and both our top and bottom lines continue to grow. We continue to believe we have a significant opportunity for continued growth and profitability that will result in solid returns for our shareholders.”

The Company expects annual sales growth of between 10% and 12% for current fiscal year and expects to earn net income in the range from $1.45 to $1.55 per fully diluted share.

Dynamex stock rose $1.75 to $24.40.

H&R Block, Inc. (HRB: chart), a tax preparation service provider reported net loss for the third quarter was $47.4 million, or $0.14 per share, compared with a net loss of $60.3 million, or $0.18 per share, in the same quarter of prior year. For the third quarter, total revenues from continuing operations rose 4.4% to $972.6 million, compared with $931.2 million in the year-ago period.

For the quarter ended January 31, revenue in the Tax Services segment grew 5.4% year-over-year. Net tax preparation and related fees increased 3.3%, reflecting a 7.0% increase in net average fee per U. S. retail client served to $172.58. This was partially offset by a 3.5% decline in retail clients served through January 31.

H&R Block stock added 88 cents to $18.12.

Longs Drug Stores Corporation (LDG: chart), a drug store retailer reported total revenues of $1.45 billion for the fourth quarter 14 weeks ended January 31, 2008 were 11% higher than the $1.31 billion reported for the 13 weeks ended January 25, 2007. Net income for the fourth quarter was $37.2 million or $0.98 per share, compared to $26.9 million or $0.71 per share for the year-ago quarter.

Total revenues for the 53-week fiscal year ended January 31, 2008 were $5.26 billion, an increase of 5.8% compared with $4.97 billion of total revenues for the 52-week fiscal year ended January 25, 2007.

Longs Drug Stores repurchased approximately 2.5 million shares of its common stock during Fiscal 2008 at an average price of $48.38 per share and a total investment of $119.8 million. Approximately $156 million remains under current Board authorization for stock repurchases.

Retail drug store sales increased 9.1% primarily due to the impact of one additional week and new store expansion. Same-store sales on a comparable 13-week basis declined 0.6% with pharmacy same-store sales increasing 0.7% and front-end same-store sales decreasing 1.7%. Pharmacy sales were 49.5% of retail drug store sales during the period, compared with 48.3% a year ago.

For the 52 weeks ending January 29, 2009, Longs is estimating that total revenues from continuing operations will increase 5% to 7% and total retail drug store sales will increase 1% to 3% compared with the 53 weeks ended January 31, 2008. The Company estimates that same-store sales on a comparable 52-week basis will increase 1% to 3% compared with last year.

Longs Drug stock fell $6.81 to $41.00.

Southwest Airlines Co. (LUV: chart), discount airline said that net income for fourth quarter 2007 was $111 million, or $.15 per diluted share, compared to $57 million, or $.07 per diluted share, for same quarter 2006. Total operating revenues for fourth quarter 2007 increased 9.5 percent to $2.49 billion, compared to $2.28 billion for fourth quarter 2006.

For the full year 2007, net income was $645 million, or $.84 per diluted share, compared to $499 million, or $.61 per diluted share, for 2006. Operating revenues for the year ended December 31, 2007 increased 8.5 percent, from $9.86 billion, for the last year 2006.

USA Mobility, Inc. (USMO: chart), a provider of wireless communications solutions said that total revenue for the fourth quarter was $100.2 million, compared to $105.4 million in the third quarter of 2007 and $116.0 million in the fourth quarter of 2006.

For the fourth quarter 2007 net loss was $46.7 million, or $1.70 per fully diluted share, compared to net income of $8.3 million, or $0.30 per fully diluted share, in the fourth quarter of 2006.

Net loss for the year 2007 was $5.2 million, or $0.19 per fully diluted share, from $40.2 million, or $1.46 per fully diluted share, in 2006. Total revenue for 2007 was $424.6 million, compared with $497.7 million in 2006.
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