Select Comfort Reports Higher profit, Shares Jump – SCSS, EBAY, KMP, EGHT, CLB
Select Comfort Corp.(NASDAQ:SCSS) shares soared 17.13% to $25.50 in pre-market session after the company’s second-quarter earnings jumped 50% as the company reported strong sales through its company-exclusive distribution system.
The company posted a second quarter profit of $17 million, or $0.30 a share, up from $11.3 million, or $0.20 a share, in the same quarter a year earlier. Revenue rose 27% to $205.2 million, driven by company-controlled same-store sales growth of 25%. Analysts recently predicted earnings of $0.27 a share on revenue of $198 million.
eBay Inc (NASDAQ:EBAY) shares gained 5.22% to $42.57 in pre-market session after the company posted second-quarter profit of $692 million, or $0.53 a share, on $3.4 billion in revenue. During the same period a year ago, the company earned $283 million, or $0.22 a share on $2.8 billion in sales. Adjusted earnings were $730 million, or $0.56 a share. Analysts had forecast eBay to earn $0.55 a share, excluding one-time items, on revenue of $3.36 billion.
Kinder Morgan Energy Partners LP (NYSE:KMP) shares declined 1.56% to $84.05 in pre-market session after the company posted a second quarter profit of $153 million, versus $230 million a year earlier. On a per-unit basis, the company posted a loss of $0.53 a share, compared with a year-earlier loss of $0.19 a share. Adjusted earnings were up at $0.37 a share from $0.30 a share. Revenue decreased 4.4% to $1.85 billion. Analysts expected earnings of $0.47 a share on revenue of $2.2 billion.
8×8, Inc. (NASDAQ:EGHT) shares increased 2.81% to $4.75 in pre-market session after the company’s first quarter total revenue increased 36% year over year to $25.3 million from $18.5 million in the same period of fiscal 2012. GAAP net income was $8.6 million, or $0.12 per diluted share, as compared with $1.9 million, or $0.03 per share, for the first quarter last year.
Core Laboratories N.V.(NYSE:CLB) reported second quarter 2012 net income of $55.35 million and earnings per diluted share (“EPS”) of $1.16, an increase of 29% over year-ago period. Second quarter revenue increased 9% over prior year to $247 million.
Additionally, the company expects third quarter of 2012 revenue of approximately $250-$260 million, with earnings per share (EPS) in between $1.17-$1.25. Analysts are expecting the company to report revenue of $264 million and EPS of $1.31 for third quarter of 2012.