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Earnings Analysis: 
The Children's Place Retail Stores Sales Rise
Author: 123jump.com Staff
123jump.com
Last Update: 2:03 PM EST February 01 2007



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Marathon Oil posted a 15% decrease in fourth-quarter profit, citing lower natural gas prices, higher exploration expenses and a decline in refining margins. Sabre Holdings said company’s online travel agency Travelocity.com helped fourth-quarter profit more than triple. Alliant Techsystems third-quarter profit rose 9% from the same period in 2005, helped by strong sales and a tax credit. Children''s Place Retail Stores third-quarter sales came in ahead of Wall Street''s consensus target.

 
Marathon Oil Corp. (MRO: chart), oil producer and refiner, said that its fourth-quarter net income declined to $1.08 billion or $3.06 per share compared with $1.27 billion, or $3.43 per share, in the year-earlier period. The company said its adjusted quarterly income fell to $838 million, or $2.38 per share, versus $1.33 billion, or $3.61 per share. Total revenue decreased 19% to $13.99 billion compared to $17.22 billion in the same period a year earlier.

Sabre Holdings Corp. (TSG: chart), travel agency, said that its fourth-quarter net income more than tripled to $37.5 million, or 28 cents per share, compared with $12.1 million, or 9 cents per share, a year ago. On an adjusted basis, earnings came to 43 cents per share. Revenue increased 5.6% to $654.9 million compared to $620.4 million in the same period a year earlier.

Alliant Techsystems (ATK: chart), makes weapons and space system products, reported third-quarter earnings rose 8.8% on 17% higher revenue. Earnings reached $51.2 million, or $1.53 per share compared with $47.1 million, or $1.26 per share, in the year-earlier period. Revenue climbed to $900.3 million versus $770 million in the same period a year earlier.

The Children''s Place Retail Stores (PLCE: chart), operates as a specialty retailer of merchandise for children, said it earned $38 million in the third quarter as sales rose 25% to $550.4 million, according to preliminary data. The figures may be revised as the company continues to work on a restatement of past results to correct the accounting for stock option grants. Same-store sales rose 14% in the quarter.

Comcast Corp. (CMCSA: chart), cable television operator, said fourth-quarter net income nearly tripled to $390 million or 18 cents per share, compared with $133 million, or 6 cents per share in the year-ago period. Income from continuing operations rose to 20 cents per share from 5 cents per share. Adjusted income in the latest quarter was 21 cents per share. Operating cash flow increased to $2.59 billion from $2.04 billion. Revenue climbed to $7.03 billion from $5.42 billion in the same quarter a year ago.

8x8 Inc. (EGHT: chart), Internet-based telephony product provider, posted a third-quarter net loss of $3.06 million, or 5 cents per share, versus a net loss of $6.79 million, or 12 cents per share, for the same period last year. Excluding stock-based compensation, the company posted a loss of 4 cents per share. Revenue climbed to $13.2 million compared with $8.48 million in the third quarter a year earlier.

Rofin-Sinar Technologies Inc. (RSTI: chart), industrial lasers maker, said that its first-quarter net earnings increased slightly to $11.49 million, or 75 cents per share, compared with $11.36 million, or 75 cents per share, last year. Revenue climbed to $111.7 million against $95.4 million.

I2 Technologies Inc. (ITWO: chart), develops supply chain management software, reported fourth-quarter net earnings applicable to common stockholders of $14.3 million, or 54 cents per share, down from $69.4 million, or $2.69 per share, in the year-ago period. Revenue declined to $79.6 million compared to $96.6 million in the same period a year ago.

Snap-On Inc. (SNA: chart), professional tool and equipment maker, said that its fourth-quarter net income increased to $38 million, or 64 cents per share, compared with $27.4 million, or 47 cents per share, in the year-ago period. Profit in the most recent quarter included 5 cents per share from lower income tax expense. Revenue climbed 16% to $656 million from $563.4 million in the year-ago period, helped by its November acquisition of ProQuest Business Solutions.

Valero Energy Corp. (VLO: chart), independent oil refiner, said that its fourth-quarter earnings declined to $1.11 billion, or $1.80 per share, compared with a year-ago profit of $1.35 billion, or $2.06 per share. The latest results include a pre-tax gain of $196 million, or 21 cent per share, related to an asset sale. Excluding items, the company earned $987 million, or $1.59 per share, in the latest quarter. Operating revenue decreased to $19.79 billion versus $25.89 billion in the same period a year earlier.
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Market data: BATS Exchange. Inc.

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