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Earnings Analysis: 
InterContinental Exchange Hits Quarterly Profit
Author: 123jump.com Staff
123jump.com
Last Update: 2:09 PM EST February 07 2007



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Trump Entertainment Resorts fourth-quarter loss narrowed 56% on higher revenue and lower costs but results fell short of Wall Street expectations. Timken fourth-quarter profit fell 63%, hurt by a slowdown in automotive production and the sale of company’s steel unit. InterContinental Exchange swung to a fourth-quarter profit compared with a year-ago loss due to charges. Consolidated third-quarter profit soared 66% on higher revenue, sending company’s stock to a fresh 52-week high.

 
Trump Entertainment Resorts Inc. (TRMP), casino operator, reported a fourth-quarter loss of $9.7 million, or 31 cents per share, narrower than a year-ago loss of $22.1 million, or 73 cents per share. On a continuing operations basis, the Atlantic City, N.J., casino operator lost $10.3 million, or 33 cents per share, in the latest quarter. Net revenue climbed to $244.2 million versus $234.7 million a year earlier.

Timken Co. (TKR), specialty steel and bearings maker, said that its fourth-quarter net income declined by 63% to $35.3 million, or 37 cents per share, compared with $94.9 million, or $1.01 per share, in the year-earlier period. Revenue increased by 3% to $1.23 billion versus $1.19 billion in the same period a year earlier.

IntercontinentalExchange (ICE), electronic exchange, said it earned $49 million, or 81 cents per share in the fourth quarter, compared to a loss of $25.8 million, or 48 cents per share a year ago. The year-ago results included a $40.6 million charge for redemption adjustments to a redeemable stock put. Revenue climbed to $95.3 million compared with $41.3 million a year ago.

Consolidated Graphics Inc. (CGX), printing facilities operator, said that its third-quarter net income increased to $16.4 million, or $1.17 per share, compared with $9.9 million, or 71 cents per share in the year-ago quarter. Sales jumped to $269.6 million versus $226.2 million in the same period a year earlier.

Devon Energy Corp. (DVN), independent crude oil and natural gas producer, reported fourth-quarter net earnings of $582 million, or $1.29 per share, down from $970 million, or $2.14 per share, earned in the same period during 2005. The company''s quarterly revenue dropped to $2.61 billion from $3.19 billion a year earlier. Non-cash charges, unrealized gains and other special items had the effect of lowering earnings by 7 cents per share for the latest quarter

OYO Geospace Corp. (OYOG), maker of instruments and equipment for the oil and gas sector, posted a first-quarter net profit of $7.85 million, or $1.30 per share, up from $1.28 million, or 22 cents a share, in the year-ago period. Revenue more than doubled, rising to $44.8 million from $21.9 million in the same period a year ago.

USANA Health Sciences Inc. (USNA), maker of nutrition and personal care products, said that its fourth-quarter net profit increased to $11.1 million, or 61 cents per share, compared with $10.5 million, or 54 cents per share, last year. Revenue climbed 16.5% to $99.8 million versus $85.6 million in the same period a year ago.

Genomic Health Inc. (GHDX), biotechnology company, posted a fourth-quarter net loss of $9 million, or 37 cents per share, compared with $8.22 million, or 34 cents per share, last year. Revenue increased to $8.62 million against $1.93 million in the same quarter a year earlier.

Encore Wire Corp. (WIRE), maker of copper electrical wire for housing and commercial buildings, said that its fourth-quarter net earnings declined to $6.18 million, or 26 cents per share, compared with $35.4 million, or $1.50 per share, last year. Revenue fell to $262.3 million, compared to $244.2 million in the year-ago period.

Sonoco Products Co. (SON), packaging products maker, said that its fourth-quarter earnings increased to $39.5 million, or 39 cents per share, compared with a year-ago profit of $38.8 million, or 38 cents per share. The latest results include after-tax restructuring charges of $17.4 million, or 17 cents per share. Excluding items, the company posted base earnings of $56.9 million, or 56 cents per share, in the latest quarter. Revenue climbed to $989.5 million versus $954.9 million in the same period a year earlier.
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Market data: BATS Exchange. Inc.

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