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Earnings Analysis: 
Xerox Posts a 17% Increase in Profit
Author: 123jump.com Staff
123jump.com
Last Update: 1:47 PM EDT April 20 2007



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Saia first-quarter profit increased by 27%, as the company overcame a difficult operating environment and bad weather. RightNow Technologies first-quarter net loss widened as costs grew. Sensient Technologies first quarter profit rose more than 11% on strong sales in all segments. Honeywell International first-quarter earnings jumped 21% as sales and profits rose across all of its segments. Xerox quarterly profit rose 17%, driven by sales of service contracts and supplies.

 
Saia Inc. (SAIA: chart), less-than-truckload carrier, said that its first-quarter net profit increased to $3.02 million, or 21 cents per share, compared with $2.37 million, or 16 cents per share, in the year-ago period. The company said the 2007 first-quarter included 10 cents per share for integration expenses. Revenue climbed to $231.8 million versus $204.6 million in the same period a year earlier.

RightNow Technologies Inc. (RNOW: chart), which sells customer management software and services, reported a first-quarter net loss of $6 million, or 18 cents per share, compared with a net loss of $440,000, or a penny per share, in the year-ago period. Excluding certain items, the company posted a loss of $4.7 million, or 14 cents per share. Revenue climbed to $19.8 million versus $19.3 million in the same period a year earlier. The company expects a second-quarter per-share loss of 18 cents to 20 cents, or 11 cents to 13 cents excluding items, on revenue of $26.3 million to $26.8 million.

Sensient Technologies Corp. (SXT: chart), maker of colors, flavors and fragrances, said that its earnings increased by 11% to $17.4 million, or 37 cents per share, compared with $15.6 million, or 34 cents per share in the year-ago period. Revenue climbed 8.5% to $285.3 million.

Honeywell International (HON: chart), diversified industrial conglomerate, said that its first-quarter earnings increased to $526 million, or 66 cents per share, compared with a year-ago profit of $436 million, or 52 cents per share. Sales climbed to $8.04 billion versus $7.24 billion a year earlier. The company increased its outlook for 2007, raising its earnings view to $3 to $3.10 per share, a boost of 15 cents. It lifted its sale forecast for the year by $700 million to $33.5 billion.

Xerox Corp. (XRX: chart), supplier of office printers, copiers and related services, said that its first-quarter net income increased to $233 million, or 24 cents per share, compared with $200 million, or 20 cents per share, in the year-ago period. The results include a charge of 2 cents a share to reflect its share of a restructuring charge recorded by Fuji Xerox Co. Total revenue climbed to $3.84 billion versus $3.7 billion last year. Xerox forecast second-quarter profit in the range of 26 cents to 28 cents per share.
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