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Earnings Analysis: 
Powell Industries Reverses to Profit
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:44 AM EST March 08 2006



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Powell Industries, electrical energy equipment maker, reported it reversed to a Q1 profit of 10 cents a share on 76% revenue growth. The company is set to report Q2 earnings between 8 cents and 12 cents a share and 2006 earnings between 45 cents and 55 cents a share.

 
Powell Industries, (POWL: chart), is set to report Q2 earnings between 8 cents and 12 cents a share and 2006 earnings between 45 cents and 55 cents a share, incorporating stock option expenses. Revenues for Q1 of 2006 were $83.8 million, of which $12.6 million is attributable to business operations of the company''s July 2005 acquisition, compared to revenues of $47.7 million for Q1 of fiscal 2005. Q1 revenue growth is a result of Powell''s strengthening backlog in its Electrical Power Products business segment. Revenue is anticipated to be between $300 million and $325 million.

Dynegy Inc, (DYN: chart), power generator, reported Q4 net income of 75 cents a share, swinging from a loss of 46 cents a share year-ago. Q4 profit reflected income from discontinued operations of $1.74 a share. The company''s loss from continuing operations increased to 98 cents a share, from 60 cents a share. Dynegy topped analysts’ forecasts for a quarterly loss of 12 cents a share.

Six Flags, (PKS: chart), theme park operator, reported a Q4 loss of $1.55 a share, down from a loss of $1.24 a share year-ago despite revenue growth. On a continuing operations basis, the company lost $1.31 a share, down from a year-ago loss of $1.20 a share. The company missed analysts’ estimate for a loss 73 cents a share. The company added attendance slipped 1% in Q4 to 3.6 million, and operating costs and expenses grew 12%.

Gander Mountain Co, (GMTN: chart), outdoor products retailer, reported Q4 earnings of $1.45 a share, up from a profit of $1.21 a share a year-earlier on sales growth, topping analysts’ estimate for a profit of 87 cents.

Covansys Corp., (CVNS: chart), provider of consulting and technology services, reported Q4 earnings of 25 cents a share, up from a profit of 24 cents a share a year-ago on revenue growth. The company also added it has got over all material weaknesses identified in its assessment of internal controls for 2004.
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