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Earnings Analysis: 
Epiq Systems Net Loss Narrows
Author: 123jump.com Staff
123jump.com
Last Update: 1:36 PM EST February 21 2007



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EPIQ Systems reported higher income for 2006 despite a $2.1 million loss for the fourth quarter. Possis Medical reported a sharply lower second-quarter profit amid higher expenses. Tween Brands fourth-quarter net income grew 4%, aided by sales at established Justice stores. Henry Schein fourth-quarter profit rose 30% as dental equipment sales surged.

 
Epiq Systems Inc. (EPIQ: chart), software company, reported a fourth-quarter net loss of $2.09 million, or 11 cents per share, compared with a net loss of $4.05 million or 22 cents per share, last year. Excluding certain items, the company posted a per-share profit of 15 cents versus 25 cents in the year-ago quarter. Total revenue climbed to $46.4 million against $30 million in the same period a year earlier.

Possis Medical Inc. (POSS: chart), medical device maker, reported second-quarter net income of $174,000, or a penny per share, compared with $342,000, or 2 cents per share, in the year-ago period. Excluding stock-based compensation expense, earnings came in at 5 cents per share compared with 6 cents per share last year. Revenue climbed 4.5% to $15.8 million against $15.1 million in the same period a year earlier.

BTU International Inc. (BTUI: chart), supplier of advanced thermal processing equipment for the electronics manufacturing and alternative energy generation markets, said that its fourth-quarter net earnings declined to $1.02 million, or 11 cents per share, compared with $2.09 million, or 25 cents per share, in the year-ago period. Revenue fell to $16.6 million versus $19.3 million in the year ago period.

Tween Brands (TWB: chart), apparel and accessories retailer for girls aged seven to 14, said that its fourth-quarter net income rose to $28.2 million, or 86 cents per share, compared with $27.1 million, or 80 cents per share, a year earlier. Excluding items, earnings were 89 cents per share for the quarter. Revenue climbed 16% to $272.3 million versus $235.1 million in the same period a year earlier. Tween Brand''s same-store sales rose 2%.

Henry Schein Inc. (HSIC: chart), health care products distributor, said that its fourth-quarter net income rose 30% to $63 million, or 70 cents per share, compared with $48.6 million, or 55 cents per share, a year earlier. Fourth-quarter sales increased 12% to $1.5 billion versus $1.34 billion a year earlier.
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