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MIPS Technologies Inc. (MIPS: Quote) reported an upsurge in fourth-quarter profit, boosted by strong revenue growth.
- Q4 net income was $17.2 mln or $0.31/Shr versus $728K or $0.01/Shr last year.
- Q4 adjusted earnings rose to $19.2 mln or $0.35/Shr from $2.27 mln or $0.04/Shr last year. Consensus -- $0.34/Shr.
- Q4 revenue grew to $38.38 mln from $17.60 mln last year. Consensus -- $38.40 mln.
Pacific Drilling S.A. (PACD: Quote) reported a profit for the second quarter, helped by higher contract drilling revenues.
- Q2 net income was $1.16 mln versus loss $12.5 mln last year
- Q2 EPS was $0.01 versus loss $0.06 per share last year. Consensus EPS -- $0.09.
- Q2 revenues totaled $156.8 mln. Consensus -- $164.90 mln.
Stage Stores Inc. (SSI: Quote) reported higher second-quarter results that surpassed the Street view, reflecting a 5.4% same store sales increase and improvements in merchandise margins.
Lifts FY12 Guidance
- Now sees FY12 EPS, excl. the $0.06 one-time charge, to be between $1.15 and $1.25 versus prior view of $1.08 - $1.20. Consensus - $1.17/Shr
- Now expects FY12 comparable store sales growth in a range of 2.5% - 3.5%.
CompuCredit Holdings Corp. (CCRT: Quote) commenced a cash tender offer for up to 8.25 million shares of its outstanding common stock at a purchase price of $10.00 per share. The tender offer is scheduled to expire on September 12.
As of August 14, there were about 23.7 million shares of CompuCredit common stock outstanding, including about 1.7 million loaned shares.
PetSmart Inc. (PETM: Quote) reported an increase in second-quarter profit, helped mainly by higher revenues and raised fiscal 2012 outlook.
Q3 & FY12 Forecast
- Sees Q3 EPS in range of $0.59 - $0.63. Consensus - $0.61 per share.
- Lifts FY12 EPS target to $3.30 - $3.40 per share from prior outlook range of $3.19 - $3.31. Consensus - $3.31 per share.
- Now sees FY12 revenue in the range of $6.72 bln - $6.79 bln versus year-ago revenue of $6.11 bln. Consensus - $6.71 bln.
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by RTT Staff Writer
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