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Earnings Analysis: 
Wolverine World Wide Quarterly Net Up 7.4%
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:33 AM EDT July 12 2006


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Wolverine World Wide Inc., sneaker maker, reported Q2 profit grew 7.4% to 25 cents a share, with revenue up 10.5%, led by the performance of its Merrell brand. Q2 included 3 cents a share expenses from stock incentives and investment spending.

 
Wolverine World Wide Inc., (WWW: chart), lifted 2006 earnings and revenue guidance. It now expects 2006 earnings between $1.38 to $1.42 a share, up from $1.34 to $1.40. The company beat analysts expectations for earnings of 23 cents a share.

Infosys Technologies,(INFY: chart), IT company, reported a Q1 profit of 62 cents a share, up from a profit of 43 cents a share a year-ago, beating analyst estimate for earnings of 55 cents a share on 38.7% revenue growth. Infosys expects earnings of 64 to 65 cents a share for Q2 and $2.70 to $2.73 a share for the year.

Ruby Tuesday, (RI: chart), dining restaurants operator, reported Q4 net income of 53 cents a share, up 22% from the 40 cents of a year ago on 23% revenue growth while same-store sales at company-owned restaurants rose 2.9%. The company beat analysts’ estimate for earnings of 51 cents a share.

Genentech Inc, (DNA: chart), biotechnology company, reported Q2 net earnings of 49 cents a share, up from 27 cents a share in the year-ago period. Operating revenue advanced to $2.2 billion from $1.53 billion. If not for one-time items, Genentech per-share profit amounted to 56 cents vs. 30 cents in Q2 of 2005. The company topped analysts views for earnings of 47 cents a share.

Gannett Inc,(GCI: chart), newspaper publisher, reported a Q2 net income of $1.31 a share, down from $1.37 a share despite revenue growth to $2.03 billion from $1.91 billion, matching analysts expectations earnings of $1.31 a share on revenue of $2.02 billion.
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