Rockwell Automation, (
ROK: chart), pointed out that in Q2 there were more outstanding shares. The company added its Q2 net income included 2 cents a share charge for legal matters.The company beat analysts’ forecasts for earnings of 75 cents a share.
Coca-Cola Enterprises, (
CCE: chart), soda distributor, reported Q1 earnings of 3 cents a share, down from a profit of 10 cents a share a year-ago despite 3% revenue growth. Items, such as restructuring charges aside, the company earned 9 cents a share in Q1, in line with analyst estimate of analysts.
AutoNation Inc., (
AN: chart), automotive products retailer, reported Q1 earnings from continuing operations of 37 cents a share, up from a profit of 33 cents a share a year-ago. Q1 results include a charge of a penny per share from stock option expensing. Revenue advanced 4% in Q1. The company met analysts views for a profit of 37 cents a share.
Kellogg Co, (
K: chart), cereal and packed-foods maker, reported that Q1 income advanced to 68 cents a share, up from 61 cents a year earlier. If not for stock-option expense, earnings would have been 71 cents a share. Sales rose to $2.73 billion from $2.57 billion in Q1 last year. The company beat analysts'' estimates of 63 cents a share.
Reynolds American, (
RAI: chart), tobacco company, reported Q1 earnings of $2.34 a share, up from $1.90 a share in the year-ago period. If not for non-recurring items, earnings would have been $1.89 a share, topping analyst estimate for earnings of $1.87 a share. The company affirmed its expectations for 2006 earnings of $8 to $8.40 a share.
OfficeMax Inc, (
OMX: chart), office products retailer, reported Q1 net earnings loss of 37 cents a share, down from a loss of 7 cents a share a year-ago. If not for special items, such as charges related to restructuring activities, the company would have posted earnings of 77 cents a share. Sales in Q1 advanced to $2.42 billion from $2.32 billion in the same period a year ago. Same-store sales were up 1.2%. If not for the charges, the company would have topped analysts’ estimate for a profit of 33 cents a share.
Terra Industries Inc, (
TRA: chart), nitrogen and methanol producer, reported a Q1 net loss of 27 cents a share, down from a profit of 3 cents a share in the year-ago period due to revenue decline. The company added Q1 was more difficult and less active than expected but that it expects a better Q2. The company missed analysts’ forecasts for earnings of 7 cents a share.
Janus Capital Group Inc., (
JNS: chart), asset manager, reported Q1 net income came to 17 cents a share, up from 9 cents in the year-ago quarter on revenue growth, matching analysts expectations for earnings of 17 cents a share.
Asbury Automotive Gorup Inc, (
ABG: chart), automobile retailer, reported Q1 earnings of 37 cents a share, up from 29 cents a share in the year-ago period. If not for non-recurring items, earnings would have risen to 43 cents a share from 37 cents a share. Revenue advanced 8% on new vehicle retail revenue rising 7% and used vehicle retail revenue increasing 13%. Same-store retail revenue advanced 6%. The company beat analysts’ expectations by a penny.
Timken Co., (
TKR: chart), bearings manufacturer, reported that Q1 net income increased 13% to 70 cents a share, from 63 cents a share in the year-earlier period on revenue growth. Items not taken into account, net income advanced to 71 cents a share from 64 cents a share, topping analysts’ forecasts for earnings of 68 cents a share.