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Earnings Analysis: 
Lockheed Martin's Net Rockets
Author: Albena Toncheva
123jump.com
Last Update: 11:57 AM ET July 26 2005


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Lockheed Martin Corp., a defense contractor, said its second-quarter profit skyrocketed 56% bolstered by a double-digit increase for its systems and information-technology operations. Lockheed also lifted its full-year earnings forecast on surging orders and productivity following the increased U.S. military and domestic-policing spending.

 
Netflix, online DVD rental services provider, posted 2Q net income rise of 9 cents per share, up from 4 cents a year ago on lower costs and fewer subscriber cancellations. The company raised its 2005 profit to $2.4 million to $11.9 million compared with earlier forecast of a loss between $5 million to $15 million.

Archipelago Holdings, stock-exchange operator, reported net income fall of 6 cents per share vs. 42 cents for the last-year same quarter, citing sharply higher expenses, including acquisition costs.

Starwood Hotels & Resorts Worldwide, hotel and leisure services provider, announced 2Q profit drop of 65 cents a share, down from 72 cents a year earlier, including after-tax charge of $11 million. The company projected full-year profit before special items to be $484 million.

Waddel & Reed, fund manager, reported 2Q net loss of 9 cents per share on legal, personnel and restructuring charges. Excluding these items the company posted earnings of 27 cents a share vs. 31 cents a year ago.

Mother’s Work, maternity-apparel retailer, posted 3Q income fall of $1.03 per share vs. $1.24 a year ago on 9% lower same-store sales. The company forecast 4Q net loss in the range of 52 to 72 cents a share and same-store sales from down 1% to up 1%.
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