Melco Crown Entertainment Jumps On Solid Earnings (MPEL, ES, AMRI, DF, EZCH)
Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) shares climbed 2.50% to $14.34 in the pre-market hour after the company reported first-quarter GAAP net income of $122.1 million or $0.221 per ADS, from $7.2 million, or $0.013 per ADS last year. Quarterly net income per share was $0.074, significantly higher than $0.004 a year earlier. Net revenue for the recent quarter was $1.03 billion, an increase of around 27% from the year ago period. Analysts expected earnings per share of $0.17 on revenues of $1.02 billion for the quarter.
EnergySolutions, Inc. (NYSE:ES) reported first quarter revenue of $490.7 million, as compared to $522.3 million in the first quarter of 2011. Net loss for the first quarter of 2012 was $0.7 million, or $0.01 per share, as compared with a net income of $9.9 million, or $0.11 per share, for the first quarter of 2011. Adjusted net income was $3.5 million for the period.
Albany Molecular Research, Inc. (NASDAQ:AMRI) reported first quarter total revenue of $53.7 million, a decrease of 6% from $56.9 million in the first quarter last year. Adjusted net income was $0.7 million, or $0.02 per basic and diluted share, as compared to adjusted net loss of $(0.5) million or $(0.02) per basic and diluted share in the first quarter of 2011. Net loss under U.S. GAAP was $(3.8) million, or $(0.13) per basic and diluted share in the first quarter of 2012, as compared to a net loss of $(1.5) million, or $(0.05) per basic and diluted share in the year ago period.
Dean Foods Company (NYSE:DF) stock climbed 9.12% to $13.88 in the pre-market hour after the company reported first quarter net income of $37.88 million, from $25.26 million in the year ago period. Net earnings were $0.20 per share, as compared to earnings of $0.14 per share in the same quarter last year. Adjusted net income for the first quarter was $56.85 million or $0.31 per share. Net sales were $3.2 billion, as compared to $3.0 billion in the year ago period. Analysts expected the company to report earnings of $0.21 per share on revenue estimate of $3.13 billion for the quarter.
EZchip Semiconductor Ltd. (NASDAQ:EZCH) stock fell 0.34% to $38.30 in the pre-market hour after the company reported first quarter total revenues of $14.4 million, as compared to $13.2 million in the first quarter of 2011. Net income, on a GAAP basis, was $5.1 million, or $0.18 per share (diluted), as compared to $1.5 million, or $0.05 per share (diluted), in the same quarter last year. Net income, on a non-GAAP basis, was $7.8 million, or $0.27 per share (diluted), as compared to non-GAAP net income of $5.4 million, or $0.19 per share (diluted), in the first quarter of 2011.