Joe's Jeans Inc. (JOEZ: Quote) turned a profit in the third quarter, as sales rose 25%.
Q3 net income of $1.39 million or $0.02/share vs. year-ago loss of $2.04 million or $0.03/share. Consensus loss of $0.01 per share.
Q3 sales rose to $30.3 million from $24.2 million last year. Consensus $27.74 million.
Retail same store sales increased 7%.
Gross margin was 46% vs. 40% in the prior year period, due to the absence of a $1.6 million inventory write-down in the year-ago period.
Before year-end, the company plans to open 3 full-priced stores, bringing the total to 30.
Automobile financing company Consumer Portfolio Services, Inc. (CPSS: Quote) is another back-in-the-black story.
Q3 net income was $2.7 million, or $0.11 per share vs. year-ago loss of $4.0 million, or $0.20 per share.
Q3 revenues rose 42% to $47.9 million from $33.8 million last year.
Packaging Corporation of America (PKG: Quote) guided fourth quarter earnings, slightly above estimates.
The company sees Q4 earnings of $0.61 per share vs. consensus $0.59.
Health and beauty products maker CCA Industries, Inc. (CAW: Quote) posted a slight increase in third-quarter profit, on a nearly 15% increase in revenues.
Q3 net profit rose to $429 thousand, compared to $399 thousand in the year-ago period. On a per share basis, earnings were unchanged at $0.06.
Revenues rose 14.5% to $14.0 million from $12.2 million last year.
Health insurer UnitedHealth Group Inc. (UNH: Quote) lifted its FY12 earnings per share outlook to $5.20 to $5.25 from previous expectations of $4.90 to $5 per share. Consensus $5.10.
Goldman Sachs Group Inc. (GS: Quote) turned to a profit in the third-quarter, as revenues more than doubled.
Q3 net earnings applicable to common shareholders $1.46 billion, versus loss of $428 million
Earnings per share were $2.85, vs. year-ago loss of $0.84 a year earlier. Consensus $2.12.
Net revenues, including net interest income, jumped to $8.35 billion, from $3.59 billion last year. Consensus $7.30 billion.
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by RTT Staff Writer
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