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Earnings Analysis: 
Petrohawk Reports a Loss
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:44 AM EST November 11 2005



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Petrohawk Energy, independent explorer, reported a quarterly loss of 56 cents a share mostly due to a pre-tax $74.9 million charge for marking-to-market derivatives contracts.

 
Petrohawk Energy, (HAWK: chart), gained, if not for those items, 18 cents a share, with revenue soaring to $81.4 million from $5.6 million as production rose 74% and as it realized higher gas and oil prices.

Pep Boys, (PBY: chart), provider of auto parts and services, posted Q3 net loss of 21 cents a share, down from a net profit of 11 cents a share in the year-ago period on revenue decline. The company announced that its same-store sales decline 2% during the period. Comparable merchandise sales went down by 0.6% and comparable service revenue decreased 8.2%.

DreamWorks Animation, (DWA: chart), computer generated films producer, reversed to Q3 net loss of 1 cent a share, from a profit of 26 cents a share for the same period last year on strong revenue decline, missing analyst estimate of a profit of a penny a share. DreamWorks announced that it took charges amounting to 12 cents a share for Q3.

Kohl''s Corp., (KSS: chart), specialty department stores operator, reported that Q3 earnings climbed 15.3% to 45 cents a share, up vs. last year''s profit of 39 cents a share on a 13.7% net sales increase, coming in a penny ahead of analyst view. Comparable-store sales increased 3.5%.

Big 5 Sporting Goods Corp., (BGFV: chart), retailer, posted Q3 net earnings of 32 cents a share, down from 37 cents a share in the year-earlier period despite revenue growth and a 3.8%. same-store sales increase, falling short of analysts’ expectations of 37 cents a share.

Dell Inc., (DELL: chart), personal-computer company, posted Q3 profit of 25 cents a share, down from 33 cents a share in the year-ago period. If not for one-time charges, the company would have gained 39 cents a share, meeting its own lowered estimates. The company anticipates a Q4 profit of 40 cents to 42 cents a share.

Target Corp., (TGT: chart), discount retailer, posted Q3 earnings of 49 cents a share, down from 59 cents a share in the same period last year on revenue growth, beating analysts’ forecasts of 45 cents a share. The company stated that it was confident that it will achieve its target for second-half earnings of $1.50 a share. The company added that it raised its current stock buyback program by $2 billion.

Pacific Sunwear of California Inc., (PSUN: chart), apparel retailer, announced that its net earnings surged 20% on stronger year-over-year sales growth and an increase in its gross margin. The company reported Q3 earnings of 54 cents a share, up from 44 cents a share in the same period last year, matching the analyst estimate. Revenue increased 14%.

Biovail Corp, (BVF: chart), pharmaceutical products manufacturer, reported quarterly net profit of 64 cents a share, more than double the year-ago profit of 31 cents a share a year ago on revenue growth. The company lifted its outlook for full year 2005 earnings to $1.80 to $1.85 from $1.75 to $1.80.
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