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Earnings Analysis: 
Quebecor World Posts Lower Net Income
Author: 123jump.com Staff
123jump.com
Last Update: 2:31 PM EST November 07 2006



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Quebecor World third-quarter profit declined on charges. Frontier Oil said its third-quarter earnings increased 11% on strong margins in diesel. CapitalSource reported higher quarterly revenue, helped by fee income and equity gains in its investment portfolio. International Game Technology fourth-quarter profit increased 9% on higher revenue.

 
Quebecor World Inc. (IQW: chart), commercial print media services company, said that its third-quarter net earnings from continuing operations fell to $19.2 million, or 9 cents per share, compared with $30.9 million, or 16 cents per share, in the year-ago period. The company posted revenue of $1.55 billion versus $1.58 billion during the year-ago period.

Frontier Oil Corp. (FTO: chart), oil refiner, said that its third-quarter earnings rose to $120.9 million, or $1.08 per share, compared with a year-ago profit of $109.2 million, or 95 cents per share. Revenue increased to $1.38 billion from $1.19 billion in the same period a year earlier.

CapitalSource Inc. (CSE: chart), financial products provider, said third-quarter earnings increased versus the year earlier, helped by fee income and equity gains in its investment portfolio. The company reported net income of $80.9 million, or 47 cents per share, compared with $28.1 million, or 24 cents per share, the year-earlier quarter.

International Game Technology (IGT: chart), computerized gaming machines maker, said that its fourth-quarter earnings increased to $114.9 million, or 33 cents per share, versus a year-ago profit of $105.4 million, or 30 cents per share. Total revenue climbed 5% to $638.7 million compared with $607.6 million in the same period a year earlier.

Dobson Communications Corp. (DCEL: chart), wireless phone service provider, reported third-quarter net income of $25.9 million, or 14 cents per share compared with a net loss of $65.9 million or 45 cents per share in the same quarter last year. Revenue climbed to $336.4 million from $315.8 million in the year-ago quarter.

Schnitzer Steel Industries, Inc. (SCHN: chart), scrap steel and iron processor, said that its fourth-quarter net income increased 46% to $50 million, or $1.62 per share, compared with $34 million, or $1.11 per share, in the year-earlier quarter. Revenues more than tripled to $605 million versus $196 million in the same period a year ago.

Bookham Inc. (BKHM: chart), telecommunications equipment components provider, said that its first-quarter net loss of $22.9 million, or 38 cents per share, versus a net loss of $500,000, or 2 cents per share, in the year-ago period. Revenue declined to $56.4 million, compared with $62.6 million in the same period last year.

Wheeling-Pittsburgh Corp. (WPSC: chart), steel maker, reported a third-quarter profit of $17 million, or $1.14 per share compared to a net loss of $21.1 million or $1.47 per share in the year-ago period. Revenue climbed 29% to $482.7 million from $374.9 million in the same quarter a year ago.
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