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Earnings Analysis: 
Gevity HR Misses Views by a Penny
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:44 AM EDT May 01 2006



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Gevity HR Inc, provider of employment management software, ported Q1 earnings of 30 cents a share, up from a profit of $7.5 million, or 26 cents a share a year-earlier on 10.3% revenue growth.

 
Gevity HR Inc., (GVHR), also added that Q1 includes 2 cents a share in stock option expensing. The company added that its total number of client employees totaled 136,200, an rise of 8.6% from the end of last year''s Q1. The company missed analysts’ estimate for a profit by a penny.

Sysco Corp, (SYY), food distributor, reported that Q3 income dropped to 30 cents a share, from 34 cents a year earlier. If not for stock-option expense, earnings would have been 34 cents a share, the company said. Sales for Q3 advanced to $8.14 billion from $7.44 billion in Q3 last year.The company missed analysts’ forecasts for earningsof 32 cents a share.

Par Pharmaceutical Cos, (PRX), manufacturer of generic drugs, reported Q1 net income of 24 cents a share, up from 6 cents, earned in the same period a year ago on revenue growth. The company met analysts’ forecasts for earnings of 24 cents a share. Par Pharma''s growth came even as it continued to make investments in building an organization around its first branded product, Megace ES.

Lubrizol Corp, (LZ), specialty chemical company, reported that it reversed to a Q1 loss of 22 cents a share, down from a net income of 72 cents a share a year-ago on 16% sales growth. Lubrizol added that after adjustments, its earnings were 68 cents a share, topping the 64 cents a share predicted by analysts.

Tyson Foods Inc, (TSN), chicken and beef producer, reported a Q2 loss of 37 cents a share, reversing from a year-ago profit of $ 21 cents a share on sales decline, missing analyst expectations for company to post a loss, of 25 cents a share..

Agco Corp, (AG), maker of agricultural equipment, reported its Q1 net income dropped to 19 cents a share, down from 23 cents a share in the year-ago period, beating analysts’ forecasts for earnings of 11 cents a share.

FTD Group Inc, (FTD), florist, reported that it reversed to Q3 net income of 26 cents a share, from a loss of $1.14 a share a year-earlier on revenue growth, beating analysts’ estimates for earnings of 23 cents a share. on sales of $125 million.
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