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Monday, Apr 15, 2024

Valley Firms Report Mixed Results for Third Quarter

Financial performance figures for publically traded companies in the region flowed in as the quarterly reporting season kicked off this week. The results are a mixed bag of profits and losses, as well as growth and contraction. Following is the Business Journal’s roundup of quarterly earnings reports with year-over-year comparisons for selected firms. Easton-Bell Sports, Inc. (EBS): For the third fiscal quarter, ended Oct. 3, the company had net income of $6.29 million on revenues of $180.4 million. For the same period a year ago, the company reported net income of 6.34 million on revenues of $203.4 million. United Online, Inc. (Nasdaq: UNTD): For the third quarter ended Sept. 30, the company had operating income of $32.7 million on revenues of $216.2 million. For the same period a year ago, the company reported operating income of $28.8 million on revenues of $169.2 million. On Assignment, Inc. (NASDAQ:ASGN): For the third fiscal quarter ended Sept. 30, the firm reported net income of $1.5 million, or $0.04 per diluted share, on revenues of $98.1 million. By comparison, On Assignment’s 2008 Q3 net income was $6.9 million, or $0.19 per share on revenues of $161.9 million. Ixia (Nasdaq: XXIA): Financial results for the third quarter ended Sept. 30 for Ixia were a net loss of $6.2 million, or $0.10 per share, on revenues of $46.4 million. For the same period in 2008, the company reported net income of $483,000, or $0.01 per diluted share, on revenues of $47.3 million. The Ryland Group, Inc. (NYSE: RYL): For its third quarter ending Sept. 30, The Ryland Group recorded a net loss of $52.48 million, or $1.20 per diluted share, on revenues of $327.8 million. For the same period a year ago, the company reported a net loss $65.7 million, or $1.54 per diluted share, on revenues of $543.8 million. Cheesecake Factory Inc. (NASDAQ: CAKE): reported financial results for the third quarter of fiscal 2009 which ended Sept. 29 that included net income of $16.3 million, or $0.27 per diluted share, on revenues of $400.6 million. For the third quarter in 2008 the restaurant chain reported net income of $11.8 million, or $0.19 per diluted share, on revenues of $405.1 million. Power-One, Inc. (NASDAQ: PWER): for the third quarter ended Sept. 27, Power-One had a net loss of $2 million, or $0.03 per diluted share, on revenues of $100.1 million. For the same period a year ago, the company reported a net loss of $1.7 million, or $0.03 per diluted share, on revenues of $140.1 million. Crown Media Holdings, Inc. (NASDAQ:CRWN): The Studio City-based owner and operator of the Hallmark Channel and the Hallmark Movie Channel posted a loss of $10.2 million, or $0.02 per diluted share, on revenues of $62.8 million for the period ending Sept. 30. For the same period in 2008, the media company had a net loss of $17.9 million, or $0.17 per diluted share, on revenues of $64.5 million. K•Swiss Inc. (NASDAQ: KSWS): Results for the third quarter ended Sept. 30 showed a net loss of $2.9 million or $0.08 per diluted share, on $70.6 million in revenues. That compares with a profit of $1.1 million or $0.03 per diluted share on revenues of $92.6 million in Q3 2008. K-Swiss’ sale of Royal Elastics on April 30, is accounted for in the company’s earnings report for the third quarter of its current fiscal year. THQ Inc. (NASDAQ: THQI): The Agoura Hills-based company reported a net loss of $5.6 million, or $0.08 per diluted share, on revenues of $101.3 million for the quarter ending Sept. 30. For the same period a year ago, THQ had a net loss of $115.3 million, or $1.73 per share, on revenues of $164.8 million. PS Business Parks, Inc. (NYSE:PSB): Glendale-based PS Business Parks reported net income was $8.8 million, or $0.39 per diluted share, on revenues of $67.7 million for the third quarter ending Sept. 30. For the same period a year ago the company reported net income of $5.3 million, or $0.26 per diluted share, on revenues of $71.6 million.

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