( NTOP) lost $9.8 million, or 13 cents a share, in the third quarter ended April 30, compared with a loss of $462,000, or a penny a share, a year ago. Revenue for the quarter was $19.7 million. Excluding items, the company lost $4.8 million. The stock was down 19 cents, or 10.56%, to $1.60 in after-hours trading.
Bob Evans Farms
said it earned $5.5 million, or 16 cents a share, for the fourth quarter ended April 29, vs. $19.3 million, or 54 cents a share, a year ago. Revenue for the quarter was $382.6 million, up 22% from last year's fourth quarter due to the acquisition of Mimi's Cafe. Analysts expected earnings of 16 cents a share on sales of $374.3 million, according to Thomson First Call. The company withdrew guidance for the first quarter, although it did say it expected results to be significantly lower than they were a year ago. The stock was down $1.38, or 5.79%, to $22.45 in after-hours trading.
Ashford Hospitality Trust
announced it is selling five of its non-core hotels under contract to four separate buyers for a total of $29.85 million. Three of the sales will close in June for a total of $18.85 million, with the rest expected to close before Dec. 31, for a total of $11 million. All of the buyers have deposited non-refundable earnest money to secure the contracts, the company said. The stock was unchanged at $10.23.
Procter & Gamble
reaffirmed its previous announced earnings guidance for the fourth quarter and for the full year. The company said it expects to earn 54 cents to 55 cents for the fourth quarter, and for the full year it expects a profit of $2.64 to $2.65 a share. Analysts expected earnings of 55 cents a share for the quarter and $2.65 a share for the full year, according to Thomson First Call. The company also said sales growth in both periods should be in the high-single digits. The stock was unchanged at $55.31.
( CMGI) said it earned $19.6 million, or 4 cents a share, for the third quarter ended April 30, down from $69.4 million, or 17 cents a share, a year ago. The company said its earnings for the quarter included a tax benefit of $24.7 million vs. a benefit of $76.4 million last year. Revenue for the quarter was $265.7 million. The stock was down 16 cents, or 7.22%, to $2.10 in after-hours trading.