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Earnings Analysis: 
GameStop Net Rises; Suntech Power Net Drops
Author: Trupti Mehta
123jump.com
Last Update: 9:34 AM ET May 21 2009



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GameStop Corp first quarter revenues rose 9.2% to $1.98 billion and net income rose 13.4% to $70.4 million or 42 cents a share. Suntech Power Holdings Co., Ltd first quarter revenues fell 27% to $315.7 million and net income fell 96% to $1.8 million or 1 cent a share.

 
[R]10:00AM New York – GameStop Corp revenue rose 9.2% and net profit rose 13.4%. Suntech Power Holdings Co., Ltd revenue fell 27% and net income fell 96%.[/R]

Barnes & Noble, Inc, the nation''s largest bookstore chain reported first quarter revenues fell 4% to $1.11 billion from $1.15 billion a year ago. Net loss in the quarter was $2.7 million or 5 cents per diluted share compared to net loss of $2.2 million or 4 cents per share a year ago.

Barnes & Noble, Inc (BKS: chart) in the last one year traded as high as $33.64 in May 2008 and as low as $10.77 in November 2008. Based on the yesterday’s closing price of $23.89 the company has market cap of $1.36 billion.

GameStop Corp, the world’s largest video game and entertainment software retailer reported first quarter revenues rose 9.2% to $1.98 billion from $1.81 billion a year ago. Net income in the quarter rose 13.4% to $70.4 million or 42 cents per diluted share compared to net income of $62.1 million or 37 cents per share a year ago.

GameStop Corp (GME: chart) in the last one year traded as high as $52.98 in May 2008 and as low as $16.91 in November 2008. Based on the yesterday’s closing price of $26.47 the company has market cap of $4.35 billion.

Global Sources Ltd, a business-to-business media company reported first quarter revenues fell 14% to $34.8 million from $40.6 million a year ago. Net income in the quarter fell 85.4% to $1.2 million or 3 cents per diluted share compared to net income of $8.21 million or 16 cents per share a year ago.

Global Sources Ltd (GSOL: chart) in the last one year traded as high as $15.35 in August 2008 and as low as $3.30 in March 2009. Based on the yesterday’s closing price of $6.34 the company has market cap of $325.71 million.

Kirkland’s, Inc, a specialty retailer of home decor in the United States reported first quarter revenues fell 1% to $83.3 million from $84.1 million a year ago. Net income in the quarter was $3.5 million or 17 cents per diluted share compared to net loss of $2.6 million or 13 cents per share a year ago.

Comparable same store sales rose 5.2%

Kirkland’s, Inc (KIRK: chart) in the last one year traded as high as $7.44 in April 2009 and as low as $1.58 in October 2008. Based on the yesterday’s closing price of $7.00 the company has market cap of $137.65 million.

New York & Company, Inc, a specialty retailer of women''s apparel reported first quarter revenues fell 14% to $232.9 million from $270.1 million a year ago. Net loss in the quarter was $4.9 million or 8 cents per diluted share compared to net income of $6.72 million or 11 cents per share a year ago.

Comparable same store sales fell 15%.

New York & Company, Inc (NWY: chart) in the last one year traded as high as $12.12 in September 2008 and as low as $0.82 in November 2008. Based on the yesterday’s closing price of $4.57 the company has market cap of $275.96 million.

Suntech Power Holdings Co., Ltd, the China-based solar module maker reported first quarter revenues fell 27% to $315.7 million from $434.5 million a year ago. Net income in the quarter fell 96% to $1.8 million or 1 cent per ADS compared to net income of $46.7 million or 27 cents per ADS a year ago.

Suntech Power Holdings Co., Ltd (STP: chart) in the last one year traded as high as $49.60 in August 2008 and as low as $5.09 in March 2009. Based on the yesterday’s closing price of $15.83 the company has market cap of $2.47 billion.

The Children’s Place Retail Stores, Inc, the specialty retailer of children''s merchandise reported first quarter revenues rose 0.4% to $401.9 million from $400.2 million a year ago. Net income in the quarter rose 20.5% to $23.5 million or 79 cents per diluted share compared to net income of $19.5 million or 67 cents per share a year ago.

Comparable same store sales rose 1%.

The Children’s Place Retail Stores, Inc (PLCE: chart) in the last one year traded as high as $43.40 in August 2008 and as low as $16.45 in November 2008. Based on the yesterday’s closing price of $34.28 the company has market cap of $1.01 billion.

The Toro Company, the worldwide provider of outdoor beautification products reported second quarter revenues fell 21.7% to $499.9 million from $638.5 million a year ago. Net income in the quarter fell 41.2% to $36.9 million or $1.00 per diluted share compared to net income of $62.8 million or $1.60 per share a year ago.

The Toro Company (TTC: chart) in the last one year traded as high as $46.67 in September 2008 and as low as $20.24 in March 2009. Based on the yesterday’s closing price of $27.99 the company has market cap of $1.00 billion.
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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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