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Earnings Analysis: 
White Mountain, Tidewater and Nam Tai Fell
Author: 123jump.com Staff
123jump.com
Last Update: 2:29 PM EDT May 05 2008


Alpha Natural Resources, Continental Resources and Whiting Petroleum rose after the release of earnings. The rising prices of coal, natural gas and crude oil lifted earnngs. Tidewater, an offshore supplier of marine services reported revenue rise of 13% but earnings fell. Net income slipped to $85.4 million compared to $87.6 million. Nam Tai, electronics manufacturing services provider fell after revenue fell 23%.

 
2:25PM New York – Alpha Natural Resources and Continental Resources rose after earnings.

Alpha Natural Resources, Inc., an Appalachian coal supplier today reported first quarter of 2008 revenue rose 20% to $516.9 million, from $430.6 million in the year-ago period.

Net income increased to $25.5 million or 39 cents per share, compared with $8.3 million or 13 cents per share, in the same period of a year ago.

Alpha Natural Resources stock (ANR: chart) rose $4.39 to $54.93.

Atlas Pipeline Partners, LP, a provider of natural gas gathering services today reported first quarter of 2008 revenue of $303.3 million an increase of 61.2% compared with $117.5 million a year ago.

In the quarter the company recorded a net loss of $2.82 million or 10 cents per share compared with net income of $2.7 million or 13 cents per share a year ago.

Atlas Pipeline stock (APL: chart) fell $1.17 to $41.94.

Buckeye Technologies Inc, a manufactures and distributes specialty and non-woven material today reported third quarter of 2008 sales rose 5% to $201.9 million from $193 million a year ago.

Net income in the quarter was $10.4 million or 26 cents per share from $6.6 million or 17 cents per share, in the same period a year earlier.

Buckeye Technologies stock (BKI: chart) fell 21 cents to $8.41.

Continental Resources, Inc., an independent oil and natural gas exploration and production company today reported total revenues for the first quarter of 2008 were $227.7 million, an increase of 88% compared to $121.1 million a year ago.

Net income in the quarter rose to $88.0 million or $0.52 per diluted share from $53.8 million or $0.34 per share a year ago.

Continental Resources (CTR: chart) stock rose $6.09 or 13% to $49.92.

Citizens Communications Company, a telecommunications company today reported revenue for the first quarter of 2008 increased 2% to $569.2 million compared to $556.1 million a year ago.

Net income fell to $45.6 million or 14 cents a share from $67.7 million or 21 cents a share at the same point a year ago.

Citizens Communications stock (CZN: chart) fell 83 cents to $10.47.

Nam Tai Electronics, Inc., an electronics manufacturing and design services provider today reported net sales in the first quarter of 2008 fell 23% to $147.1 million from $191.6 million a year ago.

Net income was $28.4 million, or 63 cents per share, compared with $8.4 million, or 19 cents per share, a year earlier.

Nam Tai stock (NAM: chart) fell $1.08 to $10.06.

Tidewater Inc, an offshore supply vessels and marine support services provider today reported fourth quarter of 2008 revenue rose 13% to $331.4 million, from $293.5 million last year.

 


 

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