Millennial Media Falls After Earnings (ASEI, MM, FFN, ALX)
American Science & Engineering, Inc. (NASDAQ:ASEI) yesterday announced the receipt of an order for eight Z Backscatter Vans (ZBV) for use by international law enforcement agencies. The ZBV systems will be used by law enforcement officials to scan vehicles at border crossings and other checkpoints to detect explosives and other contraband.
Moreover, the company also announced declared a quarterly cash dividend of $0.50 per share, payable on June 4, 2012 to the holders of record at the close of business on May 23, 2012.
Millennial Media, Inc. (NYSE:MM) shares fell 1% to $15.29 in the pre-market sessions after the company reported first quarter net loss of $5.3 million or $0.32 per share from $1.3 million or $0.08 per share in the first quarter last year. Pro forma net loss per share for the first quarter of 2012 was $0.05. Total revenues for the first quarter grew 53% to $32.9 million. Analysts expected loss of $0.05 per share on revenues of $33.16 million for the quarter.
Looking forward, the company expects second quarter revenue to be in the range of $37 million to $38 million and adjusted EBITDA to be between $(3.2) million and $(3.5) million. For fiscal 2012, it expects revenue to be in the range of $173 million to $176 million and adjusted EBITDA to be between $(3.0) million and $(4.0) million.
FriendFinder Networks Inc (NASDAQ:FFN) shares declined 7.48% to $0.99 after the company reported a first-quarter net loss of $21.5 million or $0.68 per share, as compared to a net loss of $3.7 million or $0.27 per share in the same period last year. Loss from continuing operations for the quarter was $13.4 million or $0.43 per share, compared to $3.7 million or $0.27 per share a year ago. Total net revenues for the quarter declined to $81.1 million from $83.5 million in the year-ago quarter.
Alexander’s, Inc. (NYSE:ALX) reported first-quarter Funds from operations or FFO of $28.0 million, or $5.49 per share, from $26.3 million, or $5.15 per share, in the prior year’s quarter. Net income for the quarter was $19.5 million, or $3.81 per share, as compared to $18.2 million, or $3.57 per share in the year ago quarter. Revenues rose to $63.66 million from $62.87 million in the same quarter last year.