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Earnings Analysis: 
Chattem Net Falls On Advertising Spending
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:42 AM EDT July 10 2006


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Chattem Inc, manufacturer of healthcare products, reported Q2 net income dropped to 52 cents a share, down from 76 cents a share in the year-earlier period despite revenue growth. If not for items, net income in Q2 was 57 cents a share.

 
Chattem Inc, (CHTT: chart), quoted increased advertising and promotional spending to support new products, primarily Icy Hot Pro-Therapy and Selsun Salon. The company missed analysts’ forecasts for earnings of 58 cents a share.

Shaw Group Inc, (SGR: chart), engineering and construction firm, reported its Q3 loss was narrower, coming to 21 cents a share, from 31 cents a share in the year-ago quarter on 37% revenue growth. The company said it overstated Q2 net income by 14%, because of two errors. Shaw added it will refile and restate those results, which it said came from errors that were a result of material weaknesses in financial controls.

Helen of Troy Ltd., (HELE: chart), maker of household and personal care products, reported Q1 net earnings sank to 21 cents a share, from 33 cents a share in the year-ago period despite net sales growth, missing analysts’ forecasts for a profit of 26 cents a share. The company reaffirmed its fiscal year sales forecast of $600 million to $620 million and earnings of $1.70 to $1.80 a share.
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