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Earnings Analysis: 
Clear Channel Outdoor Net Loss; Raven Industries Net Rises
Author: Mita Yagnik
123jump.com
Last Update: 3:38 AM ET March 12 2010


Clear Channel Outdoor Holdings, Inc fourth quarter revenues fell 3% to $763.1 million and net loss was $56.8 million or 18 cents a share. Raven Industries, Inc fourth quarter sales fell 7% to $55.8 million and net income rose 23.4% to $5.8 million or 32 cents a share.

 
[R]3:20AM New York - Clear Channel Outdoor Holdings, Inc revenue fell 3% and net loss was $56.8 million. Raven Industries, Inc sales fell 7% and net income rose 23.4%.[/R]

Air Methods Corporation (AIRM: chart), a provider of emergency medical air transportation said fourth quarter revenues rose 1% to $120.2 million from $118.9 million a year ago. Net income in the quarter fell 27% to $2.7 million or 22 cents per diluted share compared to net income of $3.7 million or 30 cents per share a year ago.

Total revenues for the year 2009 rose 2.4% to $510.6 million from $498.8 million a year ago. Net income for the year rose 50% to $29.0 million or $2.33 per diluted share compared to net income of $19.3 million or $1.54 per share a year ago.

Air Methods Corporation in the last one year traded as high as $36.38 in September 2009 and as low as $13.15 in March 2009. Based on the yesterday’s closing price of $27.74 the company has market cap of $343.66 million.

Clear Channel Outdoor Holdings, Inc (CCO: chart), an outdoor advertising company said fourth quarter revenues fell 3% to $763.1 million from $785.5 million a year ago. Net loss in the quarter was $56.8 million or 18 cents per diluted share compared to net loss of $3.0 billion or $8.53 per share a year ago.

Revenues for the year 2009 fell 18% to $2.7 billion from $3.3 billion a year ago. Net loss for the year was $868.2 million or $2.46 per diluted share compared to net loss of $2.85 billion or $8.03 per share a year ago.

Clear Channel Outdoor Holdings, Inc in the last one year traded as high as $11.60 in January 2010 and as low as $2.23 in March 2009. Based on the yesterday’s closing price of $10.58 the company has market cap of $3.76 billion.

Pacific Sunwear of California, Inc (PSUN: chart), a clothing chain said fourth quarter sales fell 17% to $292.6 million from $351.7 million a year ago. Net loss in the quarter was $36.5 million or 56 cents per diluted share compared to net loss of $27.0 million or 42 cents per share a year ago.

Comparable same-store sales decreased 19%.

Net sales for the year 2009 fell 17.6% to $1.03 billion from $1.25 billion a year ago. Net loss for the year was $70.3 million or $1.07 per diluted share compared to net loss of $63.8 million or 96 cents per share a year ago.

Pacific Sunwear of California, Inc in the last one year traded as high as $7.25 in October 2009 and as low as $1.12 in March 2009. Based on the yesterday’s closing price of $5.75 the company has market cap of $380.14 million.

QAD Inc (QADI: chart), a provider of enterprise software and services said fourth quarter revenues fell 10% to $52.7 million from $58.6 million a year ago. Net income in the quarter was $685,000 or 2 cents per diluted share compared to net loss of $19.7 million or 64 cents per share a year ago.

Total revenues for the year 2009 fell 18% to $215.2 million from $262.7 million a year ago. Net income for the year was $1.3 million or 4 cents per diluted share compared to net loss of $23.7 million or 77 cents per share a year ago.

QAD Inc in the last one year traded as high as $6.72 in January 2010 and as low as $2.30 in March 2009. Based on the yesterday’s closing price of $5.53 the company has market cap of $172.77 million.

Quiksilver, Inc (ZQK: chart), a maker of surf-style clothes said first quarter revenues fell 2.4% to $432.7 million from $443.3 million a year ago. Net loss in the quarter was $5.4 million or 4 cents per diluted share compared to net loss of $194.4 million or $1.53 per share a year ago.

Quiksilver, Inc in the last one year traded as high as $3.83 in June 2009 and as low as $0.91 in March 2009. Based on the yesterday’s closing price of $3.11 the company has market cap of $399.94 million.

Raven Industries, Inc (RAVN: chart), a maker of agricultural products said fourth quarter sales fell 7% to $55.8 million from $59.9 million a year ago. Net income in the quarter rose 23.4% to $5.8 million or 32 cents per diluted share compared to net income of $4.7 million or 26 cents per share a year ago.

Net sales for the year 2009 fell 15% to $237.8 million from $279.9 million a year ago. Net income for the year fell 7% to $28.6 million or $1.58 per diluted share compared to net income of $30.8 million or $1.70 per share a year ago.

Raven Industries, Inc in the last one year traded as high as $33.18 in December 2009 and as low as $17.18 in March 2009. Based on the yesterday’s closing price of $30.58 the company has market cap of $551.24 million.

XOMA Ltd (XOMA: chart), a biopharmaceutical company said fourth quarter revenues fell 41.5% to $21.6 million from $36.9 million a year ago. Net income in the quarter fell 70% to $3.0 million or 1 cent per diluted share compared to net income of $10.0 million or 7 cents per share a year ago.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.

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