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Earnings Analysis: 
Kinross Gold Loss Widens on Charges
Author: Ivaylo Dagnev
123jump.com
Last Update: 8:16 AM EST March 30 2006



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Kinross Gold Corp, precious metals company, reported a Q4 loss of 45 cents a share, down from a loss of 25 cents a share a year-earlier despite revenue growth, missing analyst estimate for a profit of 5 cents a share. Q4 results reflect impairment charges of $147.2 million, and accruals for future reclamation obligations of $47 million.

 
Kinross Gold’s, (KGC: chart), revenue from metal sales advanced to $190 million in Q4 from $179.2 million in the same period a year ago. The Toronto-based company plans to produce 1.44 million ounces of gold equivalent in 2006 at a cost of sales per ounce of about $285-$295 per ounce.

ABM Industries Inc, (ABM: chart), facility services contractor, reported Q1 net income was 8 cents a share, down from 11 cents a share in the same period in a year ago on revenue growth and sales growth. ABM added that it has filed its 2005 10-K after a delay. The company stated that it has approved a buyback program of up to 2 million shares through Oct. 31, 2006.

Robbins & Myers Inc, (RBN: chart), maker of equipment and systems for the pharmaceutical industries reported Q2 net earnings of 8 cents a share, up vs. breakeven on a per-share basis in the same period a year ago. If not for restructuring charges, the per-share profit was 21 cents compared with 11 cents on revenue growth.

Ruby Tuesday Inc, (RI: chart), restaurant chain, reported Q3 net earnings of 50 cents a share, up 10% from 42 cents a share in the year-earlier period on revenue growth, beating analysts’ forecasts of 46 cents a share. In Q3 comparable sales at company-owned restaurants advanced 4.7%, and were up 5.4% at its domestic franchise restaurants.

Conn''s Inc, (CONN: chart), home appliances seller, reported that Q4 net income advanced 39.8% to 53 cents a share on 27% revenue growth and 22.6% same-store sales growth. The company added that it opened six new stores in the year, bringing the total to 56, and it expects that total to rise to 62 to 64 stores by January 2007.

Arrow International Inc, (ARRO: chart), medical device company, reported Q2 net earnings of 28 cents a share, up from 12 cents a share the year-earlier on 7% revenue growth. The company added that it reduced its Q2 operating results by 3 cents a share to reflect changes in its accounting for U.S. shipping terms.

CarMax Inc, (KMX: chart), retailer of used cars, reported Q4 net income of 38 cents a share, up from 28 cents a share a year earlier on 16% sales growth, while same-store sales fell 3%. The company attributed the drop to difficult year-over-year comparisons and a drop in sales financed by its subprime credit provider. CarMax beat analyst estimate for earnings of 37 cents a share.
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