DSW Inc, (
DSW: chart), said that sales grew in Q2 to $301.3 million from $276.2 million in the same period a year earlier. Same-store sales increased 2.2%. Looking ahead, the company reiterated its estimate for earnings of $1.24 to $1.27 a share for fiscal 2006 with same-store sales projected to rise between 3% and 5%. DSW also reaffirmed plans to open 30 stores in 2006.
Bombardier Inc, (
BBDA: chart), aerospace firm, reported that Q2 net income dropped due to year-earlier profit from discontinued operations. Net profit came to 3 cents a share, against 6 cents in the year-earlier period. The year-ago figure reflected $107 million from discontinued operations. Q2 earnings from continuing operations before special items were 3 cents versus 2 cents. Revenue fell 3.2% to $3.52 billion.
Layne Christensen Co., (
LAYN: chart), drilling services and related products company, said Q2 earnings rose to 47 cents a share, up from 35 cents a share a year earlier on 76% revenue growth, with sales from its water and wastewater infrastructure unit rising 94%, primarily due to the purchase of Reynolds Inc.
Rex Stores Corp., (
RSC: chart), consumer electronics retailer, said Q2 earnings fell to 13 cents a share, from 70 cents a share a year earlier. Income from synthetic fuel limited partnership investments dropped to $700,000 from last year''s $10.4 million, as the buyer of the company''s partnership interest in the certain synthetic fuel investments, Progress Energy ceased production at its facilities on the increased likelihood that tax credits would be phased out due to higher oil prices. Revenue for Q2 fell to $82.1 million from last year''s $82.5 million, while same-store sales increased 3.5%.
Natural Foods Inc, (
UNFI: chart), food distributor, reported Q4 earnings of 30 cents a share, up from a profit of 28 cents a share a year-ago on 14.1% sales rise The company matched analysts’ estimate for a profit of 30 cents a share. Looking ahead, company said it expects earnings of $1.25 to $1.30 a share, excluding items, on revenue of between $2.7 billion and $2.8 billion in fiscal 2007.