said fourth-quarter earnings rose to $21.6 million, or 31 cents a share, from $19.3 million, or 27 cents a share, last year. The interior solutions designer said revenue for the quarter was $407.5 million. Before a gain, the latest quarter's EPS matched Thomson First Call's 27-cent consensus estimate. For the first quarter, the company forecasts a profit of 30 cents to 34 cents a share on revenue in the range of $420 million to $440 million a share. The stock was up $1.11, or 3.7%, to $30.90 on Instinet.
( GEAC) said it earned $18.6 million, or 21 cents a share, for the fourth quarter ended April 30, compared with $23.8 million, or 27 cents a share, a year ago. The software provider reported revenue of $117.2 million. Analysts expected earnings of 20 cents a share on revenue of $111.7 million, according to Thomson First Call. The stock was unchanged at $8.65.
( CVTX) said it will sell 6 million common shares in a public offering, subject to market conditions. Along with the stock, the company will sell $100 million in convertible senior subordinated notes due 2013. It will use the money to cut debt and fund an escrow account to provide security for the first six scheduled interest payments on the notes. The stock was down $1.81, or 7.69%, to $21.13 on Instinet.
( DTPI) lowered its earnings guidance for the first quarter ended June 30 due to an unusually high reported tax rate caused by the company's inability to recognize international tax benefits. The global management consulting firm now expects to report a loss of 3 cents to 5 cents a share on revenue in the range of $48 million to $49 million. For the second quarter, the company now sees earnings of 5 cents to 9 cents a share on revenue of $52 million to $57 million. Analysts expected earnings of 9 cents a share on revenue of $53.4 million for the first quarter and 12 cents a share on revenue of $57.5 million for the second quarter, according to Thomson First Call. The stock was down $3.39, or 22.7%, to $11.55 in after-hours trading.
Bed Bath & Beyond
reported earnings of $98.9 million, or 33 cents share, for the first quarter ended may 28, up from $82 million, or 27 cents a share, a year ago. Revenue for the quarter increased 13% to $1.24 billion fro $1.1 billion last year.
According to Thomson First Call, analysts expected a profit of 32 cents a share on revenue of $1.2 billion. The retailer said same-store sales for the first quarter grew by 4.4%. Bed Bath & Beyond also said that it opened 11 new stores during the quarter. The stock was down $1.11, or 2.5%, to $43.26 in after-hours trading.