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Earnings Analysis: 
Amrep Quarterly Profit Triples
Author: 123jump.com Staff
123jump.com
Last Update: 1:05 PM EST December 05 2006



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Amrep second-quarter profit more than tripled on increased revenue. Kroger third-quarter profit rose 16%, while the company cited cutting prices, offering wider varieties of foods and merchandise and improved customer service for the growth. World Wrestling Entertainment second-quarter profit fell 11% as expenses increased. Autozone first-quarter profit rose 8% as sales climbed and its efforts to cut costs helped improve gross margins.

 
Amrep Corp. (AXR: chart), land developer and provider of magazine publishing services, said that its second-quarter net income tripled on 61% higher revenue. Quarterly profit increased to $16.1 million, or $2.42 per share, versus $5.1 million, or 76 cents per, in the year-earlier period. Revenue climbed to $56.1 million from $34.8 million a year earlier. Revenue from land sales nearly tripled while revenue from the Kable Media Services business increased 2%.

Kroger Co. (KR: chart), traditional grocer, reported a third-quarter income of $214.7 million, or 30 cents per share, from $185.4 million, or 25 cents per share, a year ago. Quarterly revenue rose to $14.7 billion from $14 billion in the same period a year earlier. At that time identical supermarket revenue increased 4.9% with fuel and 5.3% without fuel.

World Wrestling Entertainment Inc. (WWE: chart), wrestling matches for televised and live viewing producer, said that its second-quarter earnings declined to $10.4 million, or 15 cents per share, compared with a year-ago profit of $11.7 million, or 17 cents per share. Revenue climbed to $96.2 million from $88.9 million in the year-ago period.

AutoZone Inc. (AZO: chart), car parts chain, said that its first-quarter earnings increased to $123.9 million, or $1.73 per share, versus $114.4 million, or $1.48 per share, in the year-ago quarter. Revenue climbed 4.1% and reached to $1.39 billion from $1.34 billion in the year-ago period. Same-store sales were 0.3% higher in the quarter.
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