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Earnings Analysis: 
Coldwater Creek Net loss; Jo-Ann Stores Net Rises
Author: Trupti Mehta
123jump.com
Last Update: 11:44 PM ET May 28 2009



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Coldwater Creek Inc first quarter revenues fell 16% to $228.4 million and net loss was $7.6 million or 8 cents a share. Jo-Ann Stores, Inc first quarter sales rose 3% to $460 million and net income rose 187% to $8.6 million or 33 cents a share.

 
[R]10:00AM New York - Coldwater Creek Inc revenue fell 16% and net loss was $7.6 million. Jo-Ann Stores, Inc Jo-Ann Stores, Inc sales rose 3% and net income rose 187%.[/R]

China Finance Online Co. Limited, a Chinese online financial information and data provider said first quarter revenues rose 6% to $11.76 million from $11.06 million a year ago. Net loss in the quarter was $128,000 or 1 cent per ADS compared to net income of $3.51 million or 15 cents per ADS a year ago.

China Finance Online Co. Limited (JRJC: chart) in the last one year traded as high as $28.04 in May 2008 and as low as $4.48 in November 2008. Based on the yesterday’s closing price of $11.98 the company has market cap of $263.59 million.

Coldwater Creek Inc, a specialty retailer of women''s apparel and accessories said first quarter revenues fell 16% to $228.4 million from $271.1 million a year ago. Net loss in the quarter was $7.6 million or 8 cents per diluted share compared to net loss of $9.2 million or 10 cents per a year ago.

Comparable same store sales declined 18.6%.

Coldwater Creek Inc (CWTR: chart) in the last one year traded as high as $8.31 in September 2008 and as low as $0.91 in November 2008. Based on the yesterday’s closing price of $3.95 the company has market cap of $360.46 million.

DSW Inc, a shoe retailer said first quarter revenues rose 5% to $385.8 million from $366.3 million a year ago. Net income in the quarter fell 31% to $7.1 million or 16 cents per diluted share compared to net income of $10.3 million or 23 cents per a year ago.

DSW Inc (DSW: chart) in the last one year traded as high as $16.32 in September 2008 and as low as $6.66 in March 2008. Based on the yesterday’s closing price of $12.97 the company has market cap of $569.84 million.

Jo-Ann Stores, Inc, a fabric and craft retailer said first quarter sales rose 3% to $460 million from $446.1 million a year ago. Net income in the quarter rose 187% to $8.6 million or 33 cents per diluted share compared to net income of $3.0 million or 12 cents per a year ago.

Comparable same store sales increased 1.0%.

Jo-Ann Stores, Inc (JAS: chart) in the last one year traded as high as $27.00 in September 2008 and as low as $10.31 in November 2008. Based on the yesterday’s closing price of $21.46 the company has market cap of $567.59 million.

Star Bulk Carriers Corp, a transportation service provider said first quarter revenues rose 8% to $45.1 million from $41.7 million a year ago. Net income in the quarter rose 35% to $22.5 million or 37 cents per diluted share compared to net income of $16.7 million or 34 cents per a year ago.

Star Bulk Carriers Corp (SBLK: chart) in the last one year traded as high as $14.58 in June 2008 and as low as $1.19 in March 2009. Based on the yesterday’s closing price of $5.37 the company has market cap of $313.67 million.
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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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