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Earnings Analysis: 
Toll Brothers Posts 44% Lower Earnings
Author: 123jump.com Staff
123jump.com
Last Update: 1:35 PM EST December 05 2006



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Sanderson Farms fourth-quarter profit climbed 4% from last year, partly helped by insurance payments. Toll Brothers fourth-quarter earnings decreased 44% and the value of signed contracts fell by 56% to $706 million from a year ago.

 
Toll Brothers (TOL: chart), luxury home builder, said that its fourth-quarter net income declined to $174 million, or $1.07 per share, compared with $310 million, or $1.84 per share. Revenue declined to $1.81 billion from $2.02 billion in the same quarter a year ago.

Sanderson Farms Inc. (SAFM: chart), poultry producer, reported a fourth-quarter income rise of 4.1% on improvement in market prices for poultry products. Quarterly profit reached to $10.5 million, or 52 cents per share, compared with $10.1 million, or 12 cents per share, a year ago. Insurance claims and a tax benefit added 13 cents to earnings per share. Revenue climbed to $291.7 million versus $262.5 million last year.

Amrep Corp. (AXR: chart), land developer and provider of magazine publishing services, said that its second-quarter net income tripled on 61% higher revenue. Quarterly profit increased to $16.1 million, or $2.42 per share, versus $5.1 million, or 76 cents per, in the year-earlier period. Revenue climbed to $56.1 million from $34.8 million a year earlier. Revenue from land sales nearly tripled while revenue from the Kable Media Services business increased 2%.

Kroger Co. (KR: chart), traditional grocer, reported a third-quarter income of $214.7 million, or 30 cents per share, from $185.4 million, or 25 cents per share, a year ago. Quarterly revenue rose to $14.7 billion from $14 billion in the same period a year earlier. At that time identical supermarket revenue increased 4.9% with fuel and 5.3% without fuel.

World Wrestling Entertainment Inc. (WWE: chart), wrestling matches for televised and live viewing producer, said that its second-quarter earnings declined to $10.4 million, or 15 cents per share, compared with a year-ago profit of $11.7 million, or 17 cents per share. Revenue climbed to $96.2 million from $88.9 million in the year-ago period.

AutoZone Inc. (AZO: chart), car parts chain, said that its first-quarter earnings increased to $123.9 million, or $1.73 per share, versus $114.4 million, or $1.48 per share, in the year-ago quarter. Revenue climbed 4.1% and reached to $1.39 billion from $1.34 billion in the year-ago period. Same-store sales were 0.3% higher in the quarter.
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