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Earnings Analysis: 
Gamestop Falls, Dick's Sporting Rises
Author: 123jump.com Staff
123jump.com
Last Update: 10:22 AM ET August 21 2008



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Dick’s Sporting Goods, Inc, full-line sporting goods retailer second quarter revenues increased 7% to $1,086.3 million and net income declined 17% to $41.1 million or 35 cents a share, Comparable store sales decline 3.7%. GameStop Corp, a video game and entertainment software retailer second quarter sales increased 35% to $1,804.4 million and net income rose 62% to $57.2 million or 34 cents a share.

 
[R]10:00AM New York – Barnes & Noble, Inc revenue increased 7% and net income declined 17%. Burger King Holdings, Inc revenue rose 9% and earnings surged 42%. Dick’s Sporting Goods, Inc revenue rose 7% and net income declined 17%. GameStop Corp revenue rose 35% and earning soared 62%.[/R]

Barnes & Noble, Inc, the leading bookseller reported second quarter revenues decreased 1.6% to $1.22 billion from $1.24 billion a year ago. Net income in the quarter declined 17% to $15.4 million or 27 cents per diluted share compared to net income of $18.0 million or 26 cents per share, a year ago. Comparable store sales declined 4.7% for the quarter.

Barnes & Noble, Inc (BKS: chart) in the last one year traded as high as $39.74 in November 2007 and as low as $20.69 in July 2008. Based on the yesterday’s closing price the company has a market cap of $1.41 billion.

Burger King Holdings, Inc, fast-food restaurant chain reported fourth quarter revenues rose 9% to $646 million from $590 million a year ago. Net income in the quarter surged 42% to $51 million or 37 cents per diluted share compared to net income of $36 million or 26 cents per share, a year ago.

For the year, Burger King said its net income rose 28% to $190 million, or $1.38 per share, from $148 million, or $1.08 per share in the prior year. Revenue rose to $2.46 billion from $2.23 billion in 2007.

Burger King Holdings, Inc (BKC: chart) in the last one year traded as high as $30.95 in May 2008 and as low as $21.60 in January 2008. Based on the yesterday’s closing price the company has a market cap of $3.70 billion.

Cyberonics, Inc, medical device maker reported first quarter revenues rose 16% to $33.7 million from $29.1 million a year ago. Net income in the quarter was $2.1 million or 8 cents per diluted share compared to net loss of $8.2 million or 31 cents per share, a year ago.

Cyberonics, Inc (CYBX: chart) in the last one year traded as high as $28.95 in August 2008 and as low as $9.59 in February 2008. Based on the yesterday’s closing price the company has a market cap of $689.22 million.

Dick’s Sporting Goods, Inc, a sporting goods retailer reported second quarter revenues increased 7% to $1,086.3 million from $1,013.5 million a year ago. Net income in the quarter declined 17% to $41.1 million or 35 cents per diluted share compared to net income of $47.9 million or 41 cents per share, a year ago. Comparable store sales declined 3.7%.

Dick’s Sporting Goods, Inc (DKS: chart) in the last one year traded as high as $36.78 in September 2007 and as low as $14.93 in July 2008. Based on the yesterday’s closing price the company has a market cap of $2.04 billion.

GameStop Corp, the world’s largest video game and entertainment software retailer reported second quarter sales increased 35% to $1,804.4 million from $1,338.2 million a year ago. Net income in the quarter rose 62% to $57.2 million or 34 cents per diluted share compared to net income of $21.8 million or 13 cents per share, a year ago. Comparable store sales increased 20% during the second quarter.

GameStop Corp (GME: chart) in the last one year traded as high as $63.77 in December 2007 and as low as $37.62 in July 2008. Based on the yesterday’s closing price the company has a market cap of $7.11 billion.

H. J. Heinz Company, ketchup and other food processor first quarter sales rose 15% to $2.58 billion from $2.24 billion a year ago. Net income in the quarter rose 10.31% to $228.9 million or 72 cents per diluted share compared to net income of $205.3 million or 63 cents per share, a year ago.

H. J. Heinz Company (HNZ: chart) in the last one year traded as high as $52.56 in August 2008 and as low as $41.37 in February 2008. Based on the yesterday’s closing price the company has a market cap of $16.21 billion.

School Specialty, Inc, an education company providing supplemental learning products to the pre K-12 market reported first quarter revenues declined 2% to $378.8 million from $376.5 million a year ago. Net income in the quarter declined 15% to $35.1 million or $1.84 per diluted share compared to net income of $40.3 million or $1.86 per share, a year ago.

School Specialty, Inc (SCHS: chart) in the last one year traded as high as $36.99 in August 2007 and as low as $28.61 in May 2008. Based on the yesterday’s closing price the company has a market cap of $642.22 million.

Synopsys, Inc, a world leader in software and IP for semiconductor design and manufacturing said third quarter revenues increased 13% to $344.1 million from $304.1 million a year ago. Net income in the quarter rose 57% to $57.7 million or 39 cents per diluted share compared to net income of$24.9 million or 17 cents per share, a year ago.

Synopsys, Inc (SNPS: chart) in the last one year traded as high as $29.11 in October 2007 and as low as $21.13 in March 2008. Based on the yesterday’s closing price the company has a market cap of $3.44 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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