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Earnings Analysis: 
CPI International Swings to Profit
Author: 123jump.com Staff
123jump.com
Last Update: 3:06 PM EST December 13 2006



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CHC Helicopter posted record quarterly revenue, but said second-quarter net profit fell. ABM Industries fourth-quarter profit surged due to a gain on settlement related to the 2001 Word Trade Center attacks. CPI International swung to a fourth-quarter profit, aided by improved sales in most of its markets.

 
CPI International Inc. (CPII: chart), maker of broadcast and wireless components for military and civilian applications, reported a fourth-quarter net earnings of $6.19 million, or 35 cents per share compared with a net loss of $2.4 million, or 19 cents per share in the same quarter a year earlier. Revenue jumped to $82.6 million versus $74.9 million last year.

ABM Industries Inc. (ABM: chart), facility services contractor, said that its fourth-quarter net income increased to $61.6 million, or $1.24 per share, compared with $8.43 million, or 17 cents per share, during the fourth quarter last year. Quarterly revenue climbed to $776.7 million versus $658.7 million in the prior year.

CHC Helicopter Corp. (FLI: chart), provider of helicopter services to the offshore oil and gas industry, said that its second-quarter net earnings fell to C$8.9 million, or 20 Canadian cents per share, compared with C$39.2 million, or 85 Canadian cents per share, in the same period last year. Quarterly revenue climbed 8% to C$276.5 million versus C$256.5 million last year.

Cooper Cos. (COO: chart), medical supplies company, said that its fourth-quarter net income increased to $13.6 million versus $8.57 million during the fourth quarter a year ago. Income applicable to shareholders advanced to $14.1 million, or 30 cents per share, compared with $9.09 million, or 19 cents per share, in the prior year. Quarterly revenue declined to $216 million versus $220.6 million in the prior year.

SAIC Inc. (SAI: chart), research, engineering, and technology services provider, said that its third-quarter net income increased to $98 million, or 28 cents per share, compared with $91 million, or 25 cents per share, during the same period in the prior year. Quarterly income per share from continuing operations was 26 cents, versus 20 cents in the prior year. Third-quarter revenue climbed to $2.14 billion versus $2.02 billion in the prior year.

Peerless Systems Corp. (PRLS: chart), provider of advanced imaging and networking technologies and components to the digital document market, said it swung to a third-quarter net loss of $18,000, or breakeven on a per-share basis, compared with a net income of $1.05 million, or 6 cents per share during the same period in the prior year. Quarterly revenue declined to $7.98 million from $9.65 million in the year-ago period.

Plato Learning Inc. (TUTR: chart), educational software maker, said that its fourth-quarter net loss narrowed to $11.6 million, or 49 cents per share, compared with a net loss of $13.9 million, or 59 cents per share, in the same period last year, as impairment charges and other expenses dropped. Excluding restructuring charges, among other items, the company posted a net loss of 7 cents per share versus 9 cents per share a year earlier. Revenue declined 29% to $23.8 million compared to $33.7 million a year ago.
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