Stocks In Motion
RF Monolithics(RFMI) reported a loss of $202,000, or 3 cents a share, for the fourth quarter ended Aug. 31, reversing a year-earlier profit of $559,000, or 7 cents a share. Revenue for the quarter declined to $11.5 million from $12.5 million last year. The company said its results were hurt by a delayed order and Delphi's (DPH) recent bankruptcy filing, as the auto-parts company represented almost 12% of RF Monolithics' sales. The maker of wireless frequency systems thus recorded $135,000 in additional reserves for the quarter. The company's stock fell $1.01, or 16.4%, to $5.14 in after-hours trading.
International Paper(IP) said it named Marianne Parrs executive vice president and chief financial officer, effective immediately. Parrs joined the company in 1974 and once served as interim CFO. "She has been at the center of our strategic planning and decision making, which makes her the ideal person to take the CFO role as we execute our transformation strategy," said John Faraci, IP's chairman and chief executive. The stock was unchanged at $27.15. EDO(EDO) announced that it received three competitively procured contracts totaling $15.4 million for services provided to U.S. Marine Corps and Navy programs. The first is a five-year, $7.5 million contract in which EDO will support the Marine Corps Joint Concept Development and Experimentation office; the second is a $3.6 million design and engineering contract supporting the Marine Corps Logistics Command and Control component of the Marine Corps Global Combat Service Support System; and the third is a four-year $4.3 million contract renewal that includes participation in the Navy's Flying Hour Program. EDO was unchanged at $28.27. SM&A(WINS) said it earned $2.6 million, or 12 cents a share, for the third quarter, up from $1.7 million, or 8 cents a share, a year ago. The provider of business strategy and proposal development services reported a 22% increase in quarterly revenue to $19.7 million from $16.1 million last year. Analysts expected a profit of 11 cents a share, according to First Call. Looking ahead, SM&A expects full-year net income of 45 cents to 47 cents a share on revenue of $80 million. The stock rose 6 cents to $8.97.TheStreet Premium Services
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