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Earnings Analysis: 
Vimpel Communications Profit Rises 38%
Author: 123jump.com Staff
123jump.com
Last Update: 2:36 PM EST November 30 2006


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Vimpel Communications third-quarter profit rose 38% after the company expanded its presence across the former Soviet republics. Smithfield Foods second-quarter earnings declined 13% mainly due to weaker volumes in the fresh pork segment.

 
Smithfield Foods Inc. (SFD: chart), pork processor, reported second-quarter net income of $44.7 million, or 40 cents per share, compared with $51.6 million, or 46 cents per share, earned in the same period last year. Revenue reached nearly $2.81 billion, off from the prior year''s $2.87 billion.

Vimpel Communications (VIP: chart), mobile operator, reported a third-quarter net income of $268 million, or $1.32 per share, compared with $195 million, or 96 cents per share, a year earlier. Revenue jumped 53% to $1.36 billion. The company had about 53.3 million subscribers and average revenue per user increased to $8.7 from $7.8 in the year-ago period.

Del Monte Foods Co. (DLM: chart), branded canned food maker, said that its second-quarter net income declined to $23.2 million, or 11 cents per share, from $43.9 million, or 22 cents per share, a year ago. Earnings from continuing operations reached to 12 cents per share, including costs and charges totaling 6 cents per share. Revenue climbed to $893.5 million from $793.2 million a year earlier.

Brown-Forman (BFB: chart), wine and spirits company, reported second-quarter net income of $124 million, or $1 per share compared with $108.8 million, or 88 cents per share, a year ago. Revenue was 10% to $735 million versus $665.8 million a year earlier, after volume growth for the Jack Daniel''s family of brands. The quarter included a 3 cent per share loss from discontinued operations, and an 8 cent per share gain from the sale of an Italian winery.

H.J. Heinz Co. (HNZ: chart), ketchup and a range of other foods maker, reported a second-quarter income of $191.6 million, or 57 cents per share, compared with $203.8 million, or 60 cents per share, a year ago. Earnings from continuing operations reached 59 cents per share. Revenue climbed to $2.23 billion from $2.16 billion in the same quarter a year ago.

Descartes Systems Group Inc. (DSGX: chart), software-as-a-service company, said that its third-quarter net income declined to $449,000, or 1 cent per share, compared with $629,000, or 2 cents per share, earned in the year-earlier period. Quarterly revenue climbed to $13.4 million from $11.5 million in third-quarter last year.
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