Superior Industries International, ( SUP: chart), reported that Q4 of 2005 loss incorporates $45.7 million in charges for writing off assets in its suspension components and wheels businesses. The company said that its industry was still in the midst of a transformation that had to fully run its course, that was why, the uncertainty about the outlook was unusually high.
Ann Taylor Stores Corp, ( ANN: chart), apparel retailer, reported Q4 net income of 38 cents a share, swinging from a loss of 18 cents a share year-ago. If not for special items, the company would have reported income of 43 cents a share for Q4. Sales grew up 17.8% from the prior year, and comparable-store sales rose 6.8%. The company missed analysts’ forecasts for earnings of 40 cents a share.
Crosstex Energy Inc, ( XTXI: chart), natural gas company, reported Q4 net income of 33 cents a limited partner unit, up from 23 cents a unit. Net income in Q4 of 2005 was influenced by a $2.3 million gain from the mark-to-market valuation of the derivative financial instruments purchased to protect against liquid prices fluctuations in conjunction with the South Louisiana processing business. The corporation reported Q4 net income of $3.47 a share, up from 19 cents a share a year ago. Q4 net income included a non-cash gain on issuance of units of the partnership of $65.1 million connected with the partnership''s offering of 6.6 million units during Q4.
Young Broadcasting, ( YBTVA: chart), media firm, reported a Q4 net loss of 71 cents a share, much wider than loss of 6 cents a share a year-ago on revenue decline. Station operating performance dropped to $12.4 million from $22.9 million. The company’s loss was wider than the predicted by analyst loss of 63 cents a share.
Kirkland''s, Inc., ( KIRK: chart), specialty retailer of home decor, reported Q4 net income was 51 cents a share, down from 59 cents per share in the year-ago period. Net sales rose and comparable store sales declined 5.0%, compared with a 4.2% decrease for Q4 of 2004. |