This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SWS Group Fiscal 4Q Profit Falls On Charge

DALLAS (AP) ¿ SWS Group Inc. said Wednesday its fiscal fourth-quarter profit shrank by nearly 57 percent as the investment and financial services company recorded a charge related to a decline in the value of two stocks it holds.

SWS reported net income for the three months ended June 26 of $3.6 million, or 13 cents per share, down from a profit of $8.4 million, or 31 cents per share, in the year-ago period. Excluding a 12-cent accounting charge on the reduced value of two common stocks in its investment portfolio, NYSE Euronext and U.S. Home Systems Inc., the Dallas-based company would have earned 25 cents in the latest quarter.

In the year-ago quarter, SWS Group recorded a one-time gain of 4 cents per share from an acquisition.

Analysts surveyed by Thomson Reuters had expected profit of 20 cents per share, on average. Analysts' estimates typically exclude one-time charges and gains.

Total revenue fell about 4 percent to $122.1 million in the latest quarter from nearly $127.8 million. The total revenue figures do not include interest expenses, which dropped about 42 percent to $23.1 million from nearly $40 million in the year-ago quarter.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
NYX $0.00 0.00%
SWS $6.91 -0.14%
AAPL $132.54 0.00%
FB $80.54 0.00%
GOOG $540.11 0.00%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs