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Earnings Analysis: 
Pointer Records a Profit
Author: 123jump.com Staff
123jump.com
Last Update: 1:57 PM EST November 22 2006



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Pointer improved its bottom-line results recording a net profit as compared to a net loss in the third quartera year earlier. Patterson second-quarter earnings increased 8%, on sales growth within company’s core dental equipment business. Alvarion loss narrowed in the third quarter as sales grew.

 
Patterson Companies (PDCO: chart), dental products distributor, said that its second-quarter earnings increased to $48.2 million, or 35 cents per share, compared with $44.7 million, or 32 cents per share, a year earlier. The results include a 1-cent a share expense for stock compensation. Revenue climbed to $694.3 million from last year''s $641.7 million.

Pointer Telocation Ltd. (PNTR: chart), services to insurance companies and car owners provider, said that its third-quarter net earnings were $449,000, or 14 cents per share, versus a net loss of $348,000, or 14 cents per share in the same period last year. Revenue climbed to $11.2 million from $10.4 million a year earlier.

Alvarion Ltd. (ALVR: chart), wireless broadband and mobile networks provider, posted a loss of $2 million, or 3 cents per share, compared with a loss of $5.5 million, or 9 cents per share during the same period last year. Revenue rose 20% to $54 million from $45 million in the year-ago quarter.
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