Earning To Take Notice Of (BOBE, CCSC, MYGN, FFN)
Bob Evans Farms Inc (NASDAQ:BOBE) posted first quarter 2013 net income of $15 million or $0.53 per share, a decline from $17.8 million or $0.59 per share in the comparable quarter last year. Adjusted earnings for the quarter were $16.4 million or $0.58 per share. The company reported quarterly revenues of $409.7 million, up from $405.4 million in the same quarter a year ago. Analysts expected earnings of $0.60 per share for the quarter.
Looking forward, the company announced that for fiscal 2013, it expects EPS range to $2.67 to $2.73. Net sales are still expected at $1.7 billion. Analysts currently expect earnings of $2.66 per share on revenues of $1.68 billion. The company also reconfirmed its average annual adjusted earnings growth rate of about 7% to 10% over the next five years.
Country Syl Ckng Restaurant Chain Co Ltd (NYSE:CCSC) reported second quarter revenues of RMB279.7 million ($44.0 million), an increase of 19.4% from RMB234.3 million in the same quarter of 2011. Net income for the second quarter 2012 was RMB18.9 million ($3.0 million), compared to net loss of RMB14.5 million in the same quarter of 2011. Adjusted net income (non-GAAP) was RMB15.1 million ($2.4 million). Diluted net income per American depositary share (“ADS”) was RMB0.72 ($0.11). Adjusted diluted net income per ADS (non-GAAP) was RMB0.58 ($0.09). Each ADS represents four ordinary shares of the Company.
FriendFinder Networks Inc (NASDAQ:FFN) posted second quarter of 2012 revenue of $81.1 million. Loss from continuing operations for the second quarter of 2012 was ($7.4 million), or ($0.24) per share. The loss from discontinued operations, which resulted from the closure of all JigoCity operations, was ($3.1 million) or ($0.10) per share.
Myriad Genetics, Inc. (NASDAQ:MYGN) posted fourth-quarter profit of $29.1 million or $0.34 per share from $26.0 million or $0.30 per share in the same quarter last year. Revenues for the quarter grew 24% to $133.0 million from $107.4 million in the comparable quarter last year. Analysts expected earnings of $0.34 per share on consensus revenue of $131.85 million.
Looking forward, the company expects fiscal 2013 total revenue of $550 million to $565 million and diluted earnings per share of $1.44 to $1.48.