Casey's General Stores
said it earned $20.9 million, or 41 cents a share, for the first quarter ended July 31, compared with $15.9 million, or 32 cents a share, a year ago. Revenue for the quarter rose 19% to $860.8 million from $723.7 million last year. The company said gasoline sales helped contribute to strong earnings. "Our average margin per gallon was 11.7 cents, considerably higher than our goal of 10.5 cents, and our gross profit improved to $33.5 million from $30.6 million," said Ronald M. Lamb, chairman. The company also said acquisitions are the key to its long-term growth strategy. As of July 31, it had completed 11 acquisitions. The stock was up 85 cents, or 4.2%, to $21.10 in after-hours trading.
reported earnings of $8.06 million, or 22 cents a share, on revenue of $27.3 million for the third quarter ended July 31. That compares with net income of $6.25 million, or 17 cents a share, on revenue of $23.1 million a year ago. Analysts polled by Thomson First Call expected earnings of 21 cents a share on revenue of $28.25 million. For full year fiscal 2005, the company expects to earn 81 cents or 82 cents a share, which is above Wall Street's forecast of 79 cents a share. The stock was up 77 cents, or 3.18%, to $25.02 in after-hours trading.
Electronics for Imaging
rose after the company raised its third quarter earnings guidance. The company said it now expects GAAP earnings of 21 cents to 23 cents a share and pro forma earnings of 30 cents to 32 cents a share. EFI expects revenue in the range of $137 million to $139 million. The company previously forecasted GAAP earnings of 11 cents to 13 cents a share and pro forma earnings of 21 cents to 23 cents a share. The stock was up $3.16, or 15.3%, to $23.81 in after-hours trading.
Ruth's Chris Steak House
swung a profit of $1.6 million, or 11 cents a share, for the second quarter ended June 26, versus a loss of $860,000, or 7 cents a share, a year ago. Revenue for the quarter increased 10.9% to $52.7 million from $47.5 million last year. Same-store sales for the quarter rose 10.3% at company-owned restaurants and 7.4% at franchised restaurants. For the third quarter, the restaurant operator expects same-store sales to rise in a range of 7% to 9%. Ruth's Chris said it was not prepared to give earnings per share guidance for the third quarter because of the uncertainty regarding the one-time expenses it will incur as a result of the hurricane. The company has relocated its headquarters to Orlando, Fla. The stock was up 26 cents, or 1.43%, to $18.50 in after-hours trading.
said it expects third-quarter sales to be in line with prior guidance. Altera warned however that third quarter gross margin will be lower than anticipated and expects gross margin in the range of 66% to 67% of sales versus earlier guidance of 68% to 69%. Gross margins were also lowered for the fourth quarter and full year 2006 to be in the range of 65% to 67%. The stock was down $1.20, or 5.5%, to $20.60 in after-hours trading.
said it earned $984,000, or 3 cents a share, for the third quarter ended July 31, compared with $370,000, or a penny a share, a year ago. Revenue for the quarter rose to $23.6 million from $11.6 million last year. Analysts expected earnings of 4 cents a share on revenue of $25 million, according to Thomson First Call. For the fourth quarter, the manufacturer and designer of liquid crystal displays expects revenue in the range of $22.5 million to $25 million. The stock was down $1.42, or 21.13%, to $5.30 in after-hours trading.