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Earnings Analysis: 
Dell Falls, PetSmart Rises
Author: 123jump.com Staff
123jump.com
Last Update: 10:23 AM ET August 29 2008


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The PC maker, Dell Inc second quarter sales rose 11% to $16.4 billion and net income in the quarter fell 17% to $616 million or 31 cents a share. Jamba, Inc operator of Jamba Juice Company second quarter revenues rose 10% to $98.6 million and net loss in the quarter was $89.2 million or $1.69 per share. PetSmart, Inc, the specialty pet retailer second quarter sales rose 11.2% to $1.2 billion and net income in the quarter fell 20% to $37.2 million or 30 cents a share.

 
10:00AM New York - Dell Inc sales rose 11% and net income fell 17%. Jamba, Inc revenues rose 10% and net loss was $89.2 million.

Dell Inc, computer maker said second quarter sales rose 11% to $16.4 billion from $14.7 billion a year ago. Net income in the quarter fell 17% to $616 million or 31 cents per diluted share compared to net income of $746 million or 33 cents per share, a year ago.

Dell Inc (DELL: chart) in the last one year traded as high as $30.77 in October 2007 and as low as $18.13 in April 2008. Based on the yesterday’s closing price the company has a market cap of $50.95 billion.

Jamba, Inc, wholly owned subsidiary, Jamba Juice Company said second quarter revenues rose 10% to $98.6 million from $89.6 million a year ago. Net loss in the quarter was $89.2 million or $1.69 per diluted share compared to net income of $2.3 million or 4 cents per share, a year ago.

Comparable same store sales declined 7.3%. In the quarter the company opened 14 new stores compared to 27 in the quarter a year ago. At the end of the quarter the company operated 518 stores and 736 stores including franchised location.

Jamba, Inc (JMBA: chart) in the last one year traded as high as $7.80 in September 2007 and as low as $0.94 in August 2008. Based on the yesterday’s closing price the company has a market cap of $56.32 million.

China Finance Online Co. Limited, leading Chinese online financial information and listed company data provider said second quarter revenues rose 33% to $14.68 million from $5.7 million a year ago. Net income in the quarter rose 30% to $4.56 million or 20 cents per ADS compared to net income of $1.56 million or 8 cents per ADS, a year ago.

China Finance Online Co. Limited (JRJC: chart) in the last one year traded as high as $47.68 in October 2007 and as low as $9.50 in August 2007. Based on the yesterday’s closing price the company has a market cap of $397.09 million.

Marvell Technology Group Ltd, chip maker said second quarter sales rose 28% to $842.6 million from $656.7 million a year ago. Net income in the quarter was $71.4 million or 11 cents per diluted share compared to net loss of $56.5 million or 10 cents per share, a year ago.

Marvell Technology Group Ltd (MRVL: chart) in the last one year traded as high as $18.84 in November 2007 and as low as $9.77 in January 2008. Based on the yesterday’s closing price the company has a market cap of $8.92 billion.

PetSmart, Inc, the largest U.S. specialty pet retailer said second quarter sales rose 11.2% to $1.2 billion from $1.1 billion a year ago. Net income in the quarter fell 20% to $37.2 million or 30 cents per diluted share compared to net income of $47.1 million or 35 cents per share, a year ago.

Comparable same store sales grew 4%.

PetSmart, Inc (PETM: chart) in the last one year traded as high as $35.01 in September 2007 and as low as $18.75 in March 2008. Based on the yesterday’s closing price the company has a market cap of $3.11 billion.
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