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Earnings Analysis: 
Sonoco Quarterly Profit Inches Up
Author: 123jump.com Staff
123jump.com
Last Update: 1:36 PM EST February 07 2007



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OYO Geospace swung to a profit in the fourth-quarter, paced by increased demand for contract seismic services used to identify oil reserves. Usana Health Sciences reported higher fourth-quarter results on sales growth in North America and the Asia Pacific region. Genomic Health fourth-quarter loss widened as operating expenses surged. Encore Wire fourth-quarter profit plunged margins shrank. Sonoco fourth-quarter profit edged up 2% and topped analysts'' expectations by a penny per share.

 
OYO Geospace Corp. (OYOG: chart), maker of instruments and equipment for the oil and gas sector, posted a first-quarter net profit of $7.85 million, or $1.30 per share, up from $1.28 million, or 22 cents a share, in the year-ago period. Revenue more than doubled, rising to $44.8 million from $21.9 million in the same period a year ago.

USANA Health Sciences Inc. (USNA: chart), maker of nutrition and personal care products, said that its fourth-quarter net profit increased to $11.1 million, or 61 cents per share, compared with $10.5 million, or 54 cents per share, last year. Revenue climbed 16.5% to $99.8 million versus $85.6 million in the same period a year ago.

Genomic Health Inc. (GHDX: chart), biotechnology company, posted a fourth-quarter net loss of $9 million, or 37 cents per share, compared with $8.22 million, or 34 cents per share, last year. Revenue increased to $8.62 million against $1.93 million in the same quarter a year earlier.

Encore Wire Corp. (WIRE: chart), maker of copper electrical wire for housing and commercial buildings, said that its fourth-quarter net earnings declined to $6.18 million, or 26 cents per share, compared with $35.4 million, or $1.50 per share, last year. Revenue fell to $262.3 million, compared to $244.2 million in the year-ago period.

Sonoco Products Co. (SON: chart), packaging products maker, said that its fourth-quarter earnings increased to $39.5 million, or 39 cents per share, compared with a year-ago profit of $38.8 million, or 38 cents per share. The latest results include after-tax restructuring charges of $17.4 million, or 17 cents per share. Excluding items, the company posted base earnings of $56.9 million, or 56 cents per share, in the latest quarter. Revenue climbed to $989.5 million versus $954.9 million in the same period a year earlier.
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