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Earnings Analysis: 
A.G. Edwards’ Profit Meets Estimate
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:19 AM EST December 23 2005



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A.G. Edwards Inc, financial services holding company, reported Q3 net earnings of 71 cents a share, up from 63 cents a share in the same period a year ago on revenue growth, matching analysts’ expectations.

 
A.G. Edwards’s, (AGE: chart), results reflected a benefit of 5 cents a share, resulting from the resolution of certain tax matters related to technology research and development tax credits.

General Mills, (GIS: chart), market packaged consumer food products producer, posted Q2 net income of 97 cents a share, up from 92 cents a share in the year-earlier quarter, beating analyst estimate by a penny. Sales for Q2 went up 3%, while unit volume grew 2% worldwide. General Mills affirmed its recently-raised forecast of 2005 earnings in the range of $2.80 to $2.85 per share.

Ashworth Inc, (ASHW: chart), golf sportswear company, posted a fiscal Q4 net loss of 16 cents a share, down from net earnings of 14 cents a share in the year-ago period on revenue growth, in line with analysts’ estimate. Additionally, the company affirmed its previous fiscal 2006 forecast of earnings between 48 cents and 56 cents a share

Solectron Corp, (SLR: chart), electronics contract manufacturer, reported a Q1 profit of 2 cents a share, down from 5 cents a share in the year-ago period. Excluding one-time items and charges, the company earned 3 cents a share, matching analysts’ expectations.

American Greetings Corp., (AM: chart), maker of greeting cards, reported Q3 profit of 19 cents per share, down from 78 cents per share in the year ago period, missing analyst estimate of 58 cents per share. The quarter''s results included a goodwill impairment charge of $33 million, which reduced earnings by 42 cents per share.
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