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Earnings Analysis: 
Cray Loss Wider on Development Contract Issue
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:22 AM EST March 17 2006



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Cray Inc, supercomputer maker, reported that it expects to lose 10 cents a share in Q4, and 73 cents a share in 2005. The company‘s 2004 loss could amount to $3.3 million.

 
Cray Inc, (CRAY: chart), reported that its 2004 loss could amount to $3.3 million and its revenue reduced, if it is determined that revenue from one of the product development contracts was recognized incorrectly. The prior results may be responsible for the company’s delay of the filing of its 2005 annual report.

Tektronix Inc, (TEK: chart), provider of technology measurement, solutions reported Q3 net earnings of 32 cents a share, up from. 30 cents a share in the year-earlier period on revenue growth,. If not for certain items, the company earned 37 cents a share up vs. 31 cents a share a year earlier, topping on that basis analyst estimate of 33 cents a share.

American International Group, (AIG: chart), insurance company, reported that Q4 net income dropped to 17 cents a share, from 62 cents a share a year earlier. Q4 results included a charge of $1.15 billion from previously announced regulatory settlements, as well as a $1.19 billion after tax charge for increased reserves for losses and loss expenses. The company missed analyst estimate of 24 cents a share.

Petco Animal Supplies Inc (PETC: chart), pet food and supplies retailer, reported Q4 net income of 46 cents a share, up a penny a share compared with the same period a year ago on sales growth. If not for one-time charges, the company would have gained earnings per share of 49 cents, beating analysts’ forecasts of 45 cents a share.

Tom Online Inc, (TOMO: chart), Chinese Internet services group, reported that Q4 net income advanced 55% to 23.85 cents a U.S.-listed share on 39.5% revenue growth, almost in line with analysts’ estimates of 24 cents a share.. The company sees Q1 revenue between $47.7 million and $48.5 million.

Vector Group Ltd, (VGR: chart), cigarette maker, reported that Q4 net income advanced to 40 cents a share, from 24 cents in the year-ago period on revenue growth. Earnings from continuing operations amounted to 82 cents a share.
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