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Earnings Analysis: 
Buckle, Inc Net Up; Smithfield Foods Sales Down
Author: Mita Yagnik
123jump.com
Last Update: 9:17 AM ET March 11 2010



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The Buckle, Inc fourth quarter sales rose 9% to $274.4 million and net income rose 22.7% to $42.1 million or 90 cents a share. Smithfield Foods, Inc third quarter sales fell 14% to $2.88 billion and net income was $37.3 million or 22 cents a share.

 
[R]9:15AM New York - The Buckle, Inc sales rose 9% and net income rose 22.7%. Smithfield Foods, Inc sales fell 14% and net income was $37.3 million.[/R]

Hi-Tech Pharmacal Co. Inc (HITK: chart), a manufacturer of branded and generic liquid pharmaceutical products reported third quarter sales rose 32% to $38.8 million from $29.4 million a year ago. Net income in the quarter rose 305% to $8.5 million or 67 cents per diluted share compared to net income of $2.1 million or 18 cents per share a year ago.

Hi-Tech Pharmacal Co. Inc in the last one year traded as high as $29.89 in January 2010 and as low as $4.50 in March 2009. Based on the yesterday’s closing price of $25.50 the company has market cap of $308.09 million.

IMAX Corporation (IMAX: chart), a giant-screen movie theater operator reported fourth quarter revenues rose 98% to $54.2 million from $27.4 million a year ago. Net income in the quarter was $4.0 million or 6 cents per diluted share compared to net loss of $9.0 million or 21 cents per share a year ago.

Revenues for the year 2009 rose 66.7% to $171.2 million from $102.7 million a year ago. Net income for the year was $5.0 million or 9 cents per diluted share compared to net loss of $33.6 million or 79 cents per share a year ago.

IMAX Corporation in the last one year traded as high as $16.21 in March 2010 and as low as $3.90 in March 2009. Based on the yesterday’s closing price of $16.02 the company has market cap of $998.11 million.

Piedmont Natural Gas Company, Inc (PNY: chart), an energy services company reported first quarter sales fell 13.6% to $673.7 million from $779.6 million a year ago. Net income in the quarter rose 40.5% to $113.7 million or $1.55 per diluted share compared to net income of $80.9 million or $1.10 per share a year ago.

Piedmont Natural Gas Company, Inc in the last one year traded as high as $27.84 in December 2009 and as low as $21.02 in March 2009. Based on the yesterday’s closing price of $26.96 the company has market cap of $1.98 billion.

Smithfield Foods, Inc (SFD: chart), the meat processor reported third quarter sales fell 14% to $2.88 billion from $3.35 billion a year ago. Net income in the quarter was $37.3 million or 22 cents per diluted share compared to net loss of $105.7 million or 74 cents per share a year ago.

Smithfield Foods, Inc in the last one year traded as high as $19.86 in March 2010 and as low as $5.88 in March 2009. Based on the yesterday’s closing price of $18.99 the company has market cap of $3.15 billion.

Synta Pharmaceuticals Corp (SNTA: chart), a biopharmaceutical company reported fourth quarter sales rose 639% to $4.7 million from $636,000 a year ago. Net loss in the quarter was $7.0 million or 21 cents per diluted share compared to net loss of $26.0 million or 77 cents per share a year ago.

Net sales for the year 2009 were $144.2 million from $2.6 million a year ago. Net income for the year was $79.1 million or $2.32 per diluted share compared to net loss of $92.6 million or $2.75 per share a year ago.

Synta Pharmaceuticals Corp in the last one year traded as high as $6.95 in December 2009 and as low as $1.62 in March 2009. Based on the yesterday’s closing price of $4.53 the company has market cap of $153.92 million.

The Buckle, Inc (BKE: chart), the apparel retailer reported fourth quarter sales rose 9% to $274.4 million from $251.4 million a year ago. Net income in the quarter rose 22.7% to $42.1 million or 90 cents per diluted share compared to net income of $34.3 million or 74 cents per share a year ago.

Comparable same-store sales increased 3.8%.

Net sales for the year 2009 rose 13.4% to $898.3 million from $792.0 million a year ago. Net income for the year rose 22% to $127.3 million or $2.73 per diluted share compared to net income of $104.4 million or $2.24 per share a year ago.

The Buckle, Inc in the last one year traded as high as $39.09 in May 2009 and as low as $22.01 in March 2009. Based on the yesterday’s closing price of $34.59 the company has market cap of $1.60 billion.
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Market data: BATS Exchange. Inc.

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