plummeted after the close Thursday when the Huntington Beach, Calif.-based athletic apparel maker saw third-quarter earnings fall. The company posted earnings of $5.3 million, or 4 cents a share, down from $24.6 million, or 20 cents a share a year ago. Revenue increased 41% to $525.9 million. Analysts polled by Thomson First Call were looking for earnings of 4 cents a share and revenue of $486.7 million.
Citing softness in the golf market, the company revised its fourth-quarter guidance, and now expects earnings of 51 cents a share on revenue ranging between $745 million and $750 million. Wall Street is looking for earnings of 54 cents a share on $713 million in revenue. Looking to fiscal 2007, Quiksilver expects EPS from 88 cents to 92 cents, and revenue of about $2.5 billion. Analysts were looking for earnings of $1.01 a share on revenue of $2.5 billion. Shares were trading down $1.13, or 8.28%, to $12.51.
Smith & Wesson
advanced after the Springfield, Mass.-based gun maker posted an increase in first-quarter profit. The company reported income of $3.37 million, or 8 cents a share, up from $2.69 million, or 7 cents a share, a year ago. Revenue totaled $47.6 million, compared with $31.8 million a year ago.
Wall Street was looking for income of 7 cents share on revenue of $42 million. Looking ahead to the full year, the company said it expects earnings of 36 cents a share on $200 million in revenue. Analysts are looking for earnings of 34 cents a share and revenue of $190.6 million. Shares were climbing 52 cents, or 5.22%, to $10.48.
slipped after the Las Vegas-based gaming-supply company saw third-quarter profit drop due to acquisition costs and other factors. The company posted income of $7.3 million, or 20 cents a share, down from $8.1 million, or 22 cents a share, a year ago. Included in the most recent quarter was a loss of 7 cents a share related to the company's Stargames acquisition.
Revenue increased 49% to $40.7 million. Wall Street was looking for earnings of 24 cents a share on revenue of $46 million. Looking ahead, the company said it expects fiscal 2006 earnings of 97 cents to $1 a share, while analysts are calling for income of 90 cents a share. Shares were trading down 92 cents, or 3.42%, to $26.01.
stumbled after the Carlsbad, Calif.-based sports apparel company swung to a third-quarter profit, but came up short on Wall Street's expectations. The company reported earnings of $681,000, or 5 cents a share, compared with a loss of $3.38 million, or 24 cents a share. After items, the company posted earnings of 6 cents a share. Revenue increased 9.3% to $52.8 million. Wall Street was looking for earnings of 9 cents a share on revenue of $51.8 million.
Looking ahead to fiscal 2006, Ashworth said it was expecting revenue at the lower end of the previously indicated range of $210 million to $220 million. Ashworth said in a statement that "the company will continue to carefully consider available strategic alternatives opportunities if and when presented as it focuses on key areas of potential operational improvement." Shares were slumping 66 cents, or 9.28%, to $6.45.
The Cooper Cos.
stumbled after the Pleasanton, Calif.-based health care products maker posted a drop in third-quarter income. The company reported earnings of $21 million, or 45 cents a share, compared with $37.6 million, or 80 cents a share, a year ago. Revenue totaled $225.8 million, up 1% from a year ago. Excluding items, Cooper earned 79 cents a share. Analysts were looking for earnings of 79 cents a share and revenue of $226.8 million.
Looking ahead, the company said it now expects fiscal 2006 EPS of $2.85 to $3.10 on revenue of $878 million to $900 million, down from earlier guidance of $2.85 to $3.20 on revenue of between $878 million and $911 million. Analysts are forecasting EPS of $2.67 on $878.5 million in revenue. Shares $1.03, or 2.08%, to $48.46.