Notable Earnings (CHRM, EGHT, LTD, ANW)

Notable Earnings (CHRM, EGHT, LTD, ANW)

Charm Communications Inc (ADR) (NASDAQ:CHRM) reported a first quarter net profit of $552 thousand or $0.01 per ADS, as compared to $7.87 million or $0.19 per ADS last year. Adjusted net income for the quarter dropped to $1.86 million from $8.86 million in the prior-year quarter. Total revenues plunged 46.1% to $33.54 million.

Looking ahead, the company expects second quarter adjusted net income in the range of $1.50 million to $2.0 million and revenues are anticipated in the range of $36.0 million to $37.5 million.

8×8, Inc. (NASDAQ:EGHT) reported a fourth-quarter net profit of $63.86 million or $0.87 per share, as compared to $2.01 million or $0.03 per share in the same quarter last year, driven mainly by a income tax benefit of $62.07 million. Adjusted net income for the quarter rose to $3.0 million or $0.04 per share. Total revenues grew 33% to $24.20 million from $18.18 million in the prior-year quarter. Analysts expected the company to earn $0.03 per share on revenue estimate of $23.51 million for the quarter.

Limited Brands, Inc. (NYSE:LTD) shares declined 3.57% to $46.25 in the after hour trading after the company posted a first quarter profit of $124.6 million, or $0.41 a share, as against $165.2 million, or $0.50 a share, a year earlier. Adjusted earnings a year earlier were $0.40 a share.  Earlier this month, the company said it expected to report adjusted earnings of $0.38 to $0.40 a share. It posted net sales of $2.15 billion, which dropped 2.9% from a year ago.

Looking forward, the company now expects second quarter earnings per share (EPS) to be $0.40 to $0.45. For fiscal 2012, it expects earnings per share of $2.63-$2.83.

Aegean Marine Petroleum Network Inc. (NYSE:ANW) shares climbed 6.43% to $5.46 in the after hour trading after the company posted first-quarter net income of $6.0 million or $0.13 per share, as compared to $4.0 million or $0.09 per share in the year-ago quarter. . First-quarter revenues increased 12.3% to $1.8 million, from $1.6 million last year. Analysts expected the company to earn $0.11 per share for the first quarter.

Additionally, the Company’s Board of Directors declared a first quarter 2012 dividend of $0.01 per share payable on June 13, 2012 to shareholders of record as of May 30, 2012.