Ashland Inc., (
ASH), reported revenue came to $2.3 billion in Q2, up from $2.15 billion in the same period a year ago. The company added its quarterly earnings comparison reflects the transfer of its former 38% interest in a joint venture to its partner Marathon Oil. The company beat analysts’ estimate for a profit of 52 cents a share in Q2.
Parametric Technology, (
PMTC), business software company, reported Q2 earnings of 9 cents a share, down from 18 cents a share in the year-ago period on 14% revenue growth, amidst an 18% increase in service revenue and 3.6% growth. If not for non-recurring items, earnings would have been 20 cents a share. in license revenue. The company missed analysts’ expectations for earnings of 22 cents a share.
Sealed Air Corp, (
SEE), food packaging company reported flat Q1 net earnings at $55.8 million, while earnings per share advanced to 60 cents a share, from 58 cents a share in the year-ago period. Total net sales advanced to $1.02 billion from $969.8 million. The company missed analyst estimate for earnings of 67 cents a share. The company added that even though the costs of certain raw materials dropped over Q1, higher specialty resin costs in North America negatively impacted its food packaging business.
Louisiana-Pacific, (
LPX), building materials producer, reported Q1 net income dropped to 79 cents a share, down from 91 cents a share in the year-ago period, beating analysts’ forecasts for earningsvof 52 cents a share.
FirstEnergy Corp, (
FE), electric utility, reported Q1 net income advanced to 67 cents a share, from 48 cents a share a year earlier, beating analysts’ forecasts for earnings of 64 cents a share. Revenue gained 3%.
American Tower Corp, (
AMT), owner, operator and developer of broadcast-and-wireless-communications, reported that it narrowed Q1 loss to 1 cent a share, up from a loss of 14 cents a share in the year-ago period on 74% higher revenue. The company expects Q2 profit from continuing operations of $1 million to $3 million on revenue of $317 million to $322 million.
Engelhard Corp, (
EC), chemicals firm, reported Q1 net income advanced 19% to 55 cents a share on 43% revenue growth, beating analysts’ forecasts for earnings of 52 cents a share.
Potash Corp, (
POT), fertilizer company, reported Q1 net income fell to $125.5 million from $131.3 million a year ago, while earnings per share advanced to $1.19 from $1.15, as a result of the value of a reduced share base following the repurchase of 9.5 million shares in 2005. Sales dropped 7% to $861 million on lower volumes. Offshore volumes declined 48%.
Harleysville Group Inc, (
HGIC), property and casualty insurer, reported Q1 net income of 70 cents a share, up from 39 cents in the year-ago period. The cumulative effect of an accounting change for share-based payments added 3 cents to per-share net earnings for Q1, and operating earnings came to 62 cents a share. Quarterly revenue amounted to $239.5 million from $232.7 million. The company beat analysts’ expectations for earnings of 55 cents a share.
Monster Worldwide, (
MNST), online recruitment company, reported Q1 net income more than doubled to 32 cents a share on 28% revenue growth.The company earned 29 cents a share from continuing operations, beating analyst forecasts of 27 cents a share.
Evergreen Solar, (
ESLR), solar power products manufacturer, reported Q1 net loss rose to 13 cents a share, up from 6 cents a share in the year-earlier period on revenue growth, topping analysts’ forecasts for a loss of 14 cents a share. The company continues to expect its consolidated revenue to rise throughout the year, more than doubling from 2005 levels for full-year 2006.