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Earnings Analysis: 
Superior Industries International Swings to Quarterly Loss
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:29 AM EST March 10 2006



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Superior Industries International Inc, designer and manufacturer motor vehicle parts and accessories, reported a Q4 loss of 72 cents a share, reversing from a net income of 45 cents a share in the year-earlier period on 6.7% revenue decline, missing analyst estimate for earnings of 22 cents a share before items.

 
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.
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