Wilson Bowden, (WLB: chart), also added that, as expected, margins remain under pressure because 50% of completions come from sites bought in the last two years, a period in which cost inflation has exceeded selling price gains. The company announced it continues to expect 2006 performance to be in line with expectations.

Oce NV, (OCENY: chart), Dutch printing company, reported that its Q2 net profit advanced 6.1% to 12.2. million euros ($15.6 million) on 22.3% revenue growth. The company added that it has introduced a more aggressive pricing policy for its printing systems, which resulted in a fall in gross margin to 41.3% from 41.8%. The increase in sales from its new pricing policy will feed through to increased servicing revenue along with higher toner and ink sales.

Quest Software Inc, (QSFT: chart), custom software applications developer, reported that it plans to restate certain past financial results to reflect proper recognition of expenses related to stock option grants. The company anticipates the restatement to result in material additional expenses. Quest intends to restate results for the fiscal years 2000 through 2005 and Q1 of fiscal 2006. The company plans to report its revenue for its fiscal Q2 on August 8.