Ion Geophysical Climbs On Solid Q1 Earnings (IO, JDSU, LNC, MELI, MTD)
Ion Geophysical Corp (NYSE:IO) shares gained 4.76% to $6.60 in the after hour trading after the company reported first quarter revenue of $111.7 million, as compared to $90.6 million in the first quarter of 2011, with increased activity in all business units. Net income was $8.2 million, or $0.05 per diluted share, as compared to $0.1 million, or $0.00 per share, in same quarter last year.
JDS Uniphase Corporation (NASDAQ:JDSU) shares fell 4.49% to $11.50 in the after hour trading after the company reported third-quarter GAAP net loss of $17.4 million, or $0.08 per share, as compared to net income of $38.6 million, or $0.16 per share for the same quarter of 2011. Net revenue decreased to $409.2 million, as against $454.0 million in the same quarter last year. Analysts expected the company to report earnings of $0.11 per share on revenues of $420.27 million for the quarter.
Looking forward, the company expects fourth quarter non-GAAP net revenue to be in the range of $415 million to $435 million, while analysts estimate revenues of $456.56 million.
Lincoln National Corporation (NYSE:LNC) shares fell 3.58% to $23.70 in the after hour trading after the company posted first quarter profit of $245.3 million, or $0.83 a share, as compared with a year-earlier profit of $313.5 million, or $0.97 a share. Total revenue was $2.71 billion for the period. Analysts expected per-share earnings of $0.98 on revenue of $2.78 billion.
Mercadolibre Inc (NASDAQ:MELI) intends to release first fiscal quarter financial results ended March 31, 2012 on May 8, 2012 after the close of the day’s trading. The Company will host a conference call and audio webcast on May 8th, 2012 at 4:30 p.m. Eastern Time.
Mettler-Toledo International Inc.(NYSE:MTD) on May 1, 2012, reported the webcast of its presentation at the Baird Growth Stock Conference in Chicago on Tuesday, May 8, 2012, at 2:35 p.m. Central Time (3:35 p.m. Eastern Time).