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Market Update Analysis: 
Nervous Techs and Crude Higher
Author: 123jump.com Staff
123jump.com
Last Update: 13:45 PM ET July 13 2005


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The deficit for the Jan-May period jumped from $207 billion in 2003 to $236 billion in 2004 to $284 billion on 2005. The crude oil import for the month of May remained above 10 million barrels tracking the average import for the last two years for the similar months but average crude price per barrel jumped from $33.14 in 2004 to $43.08 per barrel. The 30% higher price of crude has not dampened the import of crude from a year ago.

 
Resources Global Professional, business consulting firm, posted 4Q net income rise to 31 cents a share, up from 22 cents a year ago reflecting 40% jump in sales. The quarterly profit exceeded expectations of 22 cents a share.

Innoves, manufacturer of flexible circuits, reported 3Q narrower net loss of 13 cents per share compared with 88 cents last year on sales growth and strong demand for flat-panel display products. Analysts had expected a wider loss of 14 cents a share.

FRANKLIN COVEY CO, provider of professional leadership and training services, posted a narrowed loss of 34 cents a share against a loss of 37 cents in the comparable period last year.

Century Bancorop A, reported 2Q profit fall of 37 cents per share compared with 43 cents a year ago on higher operating expenses.

AMB Property Corporation, global developer and owner of industrial real estate, posted 2Q earnings rise of 45 cents a share vs. 20 cents a year ago on development and contribution gains. The quarterly results exceeded previous company’s guidance of earnings from 30 to 33 cents a share
BANK OF THE OZARKS, reported 2Q profit increase of 46 cents a share compared with 38 cents last year on record interest income and service charges.
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