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Earnings Analysis: 
Dobson Communications Turns to Profit
Author: 123jump.com Staff
123jump.com
Last Update: 1:33 PM EST November 07 2006



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Dobson Communications reported third-quarter profit versus a net loss in the third quarter a year ago on subscriber additions and higher revenue. Schnitzer Steel Industries fourth-quarter earnings increased 46% on higher sales volume and metal prices. Bookham said its first-quarter net loss expanded on lower revenue and restructuring charges. Wheeling-Pittsburgh recorded a third-quarter profit versus a net loss in the year-ago period due to increasing demand.

 
Dobson Communications Corp. (DCEL: chart), wireless phone service provider, reported third-quarter net income of $25.9 million, or 14 cents per share compared with a net loss of $65.9 million or 45 cents per share in the same quarter last year. Revenue climbed to $336.4 million from $315.8 million in the year-ago quarter.

Schnitzer Steel Industries, Inc. (SCHN: chart), scrap steel and iron processor, said that its fourth-quarter net income increased 46% to $50 million, or $1.62 per share, compared with $34 million, or $1.11 per share, in the year-earlier quarter. Revenues more than tripled to $605 million versus $196 million in the same period a year ago.

Bookham Inc. (BKHM: chart), telecommunications equipment components provider, said that its first-quarter net loss of $22.9 million, or 38 cents per share, versus a net loss of $500,000, or 2 cents per share, in the year-ago period. Revenue declined to $56.4 million, compared with $62.6 million in the same period last year.

Wheeling-Pittsburgh Corp. (WPSC: chart), steel maker, reported a third-quarter profit of $17 million, or $1.14 per share compared to a net loss of $21.1 million or $1.47 per share in the year-ago period. Revenue climbed 29% to $482.7 million from $374.9 million in the same quarter a year ago.
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