Hormel, ( HRL: chart), projected earnings in a range of 44 cents to 50 cents a share for the fiscal 2006, including a charge of 4 cents for adoption of FAS 123R, the accounting rule for share-based payments. And for the year, Hormel''s pegged its profit range at $1.86 to $1.96 a share, also including the 4-cent charge.
Patterson Cos, ( PDCO: chart), equipment distribution company, reported that Q2 net incomeadvanced to 32 cents a share, a penny up from 31 cents share in the same period last year, missing analyst estimate by a penny. The company added that sales advanced 11% in Q2. The company stated that Patterson Dental, its largest business, reported sales growth of 9%. Patterson expects Q3 earnings between 38 cents and 40 cents a share.
Air France-KLM, ( AKH: chart), air transport company, announced that Q2 profit more than tripled to 2.73 euro a share, up from 76 euro cents a share in the year-ago period. Sales rose 10%. Fuel costs increased 29%, reflecting a 3% rise in volumes, a 49% surge in jet fuel prices and a hedging impact of 23%.
Nexus Telocation Systems Ltd, ( NXUS: chart), provider of stolen-vehicle-retrieval and roadside-assistance services in Israel, posted a narrow Q3 loss of 14 cents a share, from 37 cents a share in the year-ago period as revenue more than doubled. The company reversed to Q4 operating earnings of $870,000 from an operating loss of $313,000. |