U.S. Movers: AAON, Blyth, FXCM, Guidewire Software, LSI Corp.

Mukesh Buch
14 Mar, 2012
New York City

Blyth fourth quarter net increased 17% to $25.6 million. Central Vermont fourth quarter net fell to $5.1 million. Encyclopedia Britannica discontinue its printed edition. FXCM fourth quarter net grew to $21 million. Progressive Corp. February net income declined 7% to $106.3 million.

[R]11:15 AM New York – Blyth fourth quarter net increased 17% to $25.6 million. Central Vermont fourth quarter net fell to $5.1 million. Encyclopedia Britannica discontinue its printed edition. FXCM fourth quarter net grew to $21 million. Progressive Corp. February net income declined 7% to $106.3 million.[/R]

AAON, Inc. ((AAON)) increased 1.7% or 33 cents to $19.44 after the air-conditioning and heating equipment maker reported fourth quarter net sales fell 4% to $63.4 million from $65.8 million in the same quarter last year. Net income in the quarter declined 85% to $0.9 million or 4 cents per diluted share compared to $5.8 million or 23 cents per share in the year ago.

For the year 2011 net sales increased 9% to $266.2 million from $244.6 million in last year. Net income for the year slumped 36% to $14.0 million or 56 cents per diluted share compared to $21.9 million or 87 cents per share in the prior year.

Blyth, Inc. ((BTH)) soared 14% or $9.67 to $78.31 after the maker of candles said fourth quarter net sales increased 23% to $365 million compared to $296.9 million for the comparable prior year period. Net profit in the quarter increased 17% to $25.6 million or $3.08 per diluted share compared to net profit of $21.9 million or $2.64 per share last year.

Books-A-Million, Inc. ((BAMM)) surged 18.4% or 58 cents to $3.73 after the book retailer said fourth quarter net sales increased 10.7% to $166.9 million from $150.8 million in the same quarter last year. Comparable store sales decreased 5.7%. Net income in the quarter grew to $7.54 million or 48 cents per diluted share compared to $6.78 million or 44 cents per share in the year ago.

For the year 2011, net sales fell 3.6% to $468.5 million from $486.1 million in last year. Comparable boutique sales decreased 9.5%. Net loss for the year swung to $2.82 million or 18 cents per diluted share compared to net income of $8.94 million or 57 cents per share in the prior year.

Central Vermont Public Service Corporation ((CV)) unchanged to $35.26 after the electric utility provider reported fourth quarter total revenue increased to $90.3 million from $85.6 million in the same quarter last year. Net earnings in the quarter fell to $5.1 million or 38 cents per diluted share compared to $5.2 million or 40 cents per share in the year ago.

For the year 2011 net sales increased to $359.7 million from $341.9 million in last year. Net earnings for the year dropped to $5.3 million or 40 cents per diluted share compared to $20.6 million or $1.66 per share in the prior year.

Encyclopædia Britannica Inc., the dictionaries and references publisher in blog said it will discontinue printed edition of the Encyclopaedia Britannica and shifted to computer access only. In a blog they added “We don’t usually talk about ourselves on this blog, but today’s news calls for some amplification.” The printed edition began in 1768 and continued for 244 years and will now be available in digital format only.

EnergySolutions, Inc. ((ES)) increased 2.7% or 12 cents to $4.57 after the nuclear services provider said fourth quarter revenue rose 4.1% to $468.5 million compared with $450.2 million in the 2010 fourth quarter. Net loss in the quarter swung to $202.8 million or $2.28 per diluted share compared to net profit of $6.3 million or 7 cents per share last year.

Revenue for fiscal 2011 increased to $1,815.5 million compared with $1,752 million for fiscal year 2010. Net loss for 2011 widened to $196.2 million or $2.21 per share compared to $22.0 million or 25 cents per share, for 2010.

FXCM Inc. ((FXCM)) soared 16.9% or $1.78 to $12.28 after the holding company that has sole interest in online foreign exchange trading services reported fourth quarter revenue increased 13% to $108.8 million from $96.1 million in the same quarter last year. Net income in the quarter grew to $21 million or 21 cents per diluted share compared to $20.8 million or 1 cent per share in the year ago.

Francesca’s Holdings Corporation ((FRAN)) soared 12.3% or $3.30 to $30.08 after the specialty retailer reported fourth quarter revenue surged 54.6% to $61.7 million from $39.9 million in the same quarter last year. Comparable boutique sales increased 14.7%. Net income in the quarter soared 93% to $8.4 million or 19 cents per diluted share compared to $4.3 million or 11 cents per share in the year ago.

For the year 2011 net sales soared 51% to $204.2 million from $135.2 million in last year. Comparable boutique sales increased 10.4%. Net income for the year increased to $22.5 million or 52 cents per diluted share compared to $16.9 million or 41 cents per share in the prior year.

Guidewire Software, Inc. ((GWRE)) advanced 16.9% or $4.35 to $30.00 after the software developer for property and casualty industry reported second quarter revenue increased 30% to $55.1 million from $42.3 million in the same quarter last year. Net income in the quarter dropped to $3.7 million or 6 cents per diluted share compared to $5.4 million or 11 cents per share in the year ago period.

GeoResources, Inc. ((GEOI)) dropped 4.7% or $1.62 to $32.24 after the oil and gas company reported fourth quarter revenue soared 52% to $41.1 million from $27.1 million in the same quarter last year. Net income in the quarter surged 30% to $6.74 million or 26 cents per diluted share compared to $5.18 million or 26 cents per share in the year ago.

In 2011 net sales increased 29% to $137.7 million from $107.0 million in last year. Net income for the year surged 34% to $31.3 million or $1.22 per diluted share compared to $23.3 million or $1.16 per share in the prior year.

LSI Corporation ((LSI)) gained 5.3% or 45 cents to $8.99 after the semiconductor company estimated first quarter income from continuing operations between 6 cents and 10 cents a share. Revenues are expected to be in the range of $585 million to $615 million, higher than previous estimate of $550 million to $590 million.

The Progressive Corporation ((PGR)) rose 9 cents to $22.73 after the auto insurance group reported net income in February declined 7% to $106.3 million from $114.1 million a year ago. Earnings per share remained at prior year''s level of 17 cents.

Net premiums written rose 6% to $1.38 billion, while net premiums earned grew 4% to $1.19 billion.

Regions Financial Corporation ((RF)) increased 5.8% or 34 cents to $6.11 after the fifth largest bank announced it commenced underwritten public offering of $900 million of its common stock to repurchase $3.5 billion Series A Preferred Stock issued to Treasury Department under the Troubled Asset Relief Program''s Capital Purchase Program, which was submitted to Federal Reserve on last January 9.