Clear Channel Communications ( CCU) after the bell Monday said its third-quarter net income fell to $205.5 million, or 38 cents a share, from $261.2 million, or 44 cents a share, a year ago. The media company said revenue for the quarter increased 1% to $2.7 billion from $2.6 billion last year. Analysts expected earnings of 38 cents a share on revenue of $2.6 billion, according to Thomson First Call. The stock was down 31 cents, or 1%, to $30.60 in after-hours trading. JDA Software ( JDAS) reported third-quarter net income of $3.7 million, or 13 cents a share, up from $1.6 million, or 6 cents a share, a year ago. The integrated software provider said revenue for the quarter rose to $55.6 million from $50.3 million last year. "The third quarter delivered an excellent software result for what is traditionally the weakest quarter of the year with a 70% increase in software licenses over the prior year quarter," said Hamish Brewer, chief executive of JDA, in a statement. Excluding items, the company earned 17 cents a share. The results topped analysts' expectation for a profit of 12 cents a share and revenue of $53.2 million. The stock was up 49 cents, or 3.2%, to $15.71 in after-hours action. PartnerRe Ltd. ( PRE) said it swung to a third-quarter loss of $288.7 million, or $5.48 a share, on hefty losses from Hurricane Katrina. A year earlier, the reinsurer posted earnings of $83.2 million, or $1.46 a share. Revenue for the quarter rose to $1.07 billion from $1.05 billion. In addition to Katrina, the company said the two other significant Atlantic hurricanes, three Asian typhoons, six airline accidents and devastating floods in India and Central Europe led to PartnerRe's largest quarterly loss ever recorded. The company's operating loss was $6.36 a share, better than the analyst estimate of $6.99. The stock was unchanged at $63.26.
Aflac ( AFL) reported third-quarter earnings rose to $455 million, or 90 cents a share, from $293 million, or 57 cents a share, a year ago. The supplier of supplemental insurance said revenue grew nearly 11% to $3.7 billion from $3.3 billion last year. The stock was halted for after-hours trading at $47.38. PortalPlayer ( PLAY) said it earned $10.3 million, or 40 cents a share, for the third quarter, up from $3.2 million, or 18 cents a share, a year ago. The supplier of semiconductor and software systems said revenue more than doubled to $57.9 million from $25.6 million. Analysts had been looking for a 35-cent-a-share profit on sales of $56 million. For the fourth quarter, the company expects net income in the range of 34 cents to 43 cents on revenue of $65 million to $75 million. PortalPlayer also filed a registration with the Securities and Exchange Commission to sell up to 4.5 million shares of its common stock. Shares dropped $4.06, or nearly 15%, to $23.80 in after-hours trading. AmeriCredit's ( ACF) net income fell to $54 million, or 35 cents a share, for the first quarter ended Sept. 30, from net income of $69 million, or 41 cents a share, a year ago. The company said the latest results included a charge of $8 million, or 5 cents a share, related to Hurricane Katrina. Analysts, on average, predicted earnings of 40 cents a share. The auto-finance company said revenue for the quarter was $420.3 million compared with $340 million last year. Analysts expected revenue of $374 million. The company also cut its full-year net income guidance to account for the impact of Katrina, but slightly boosted its EPS view because of its share buyback program. The stock fell $1.19, or 5%, to $22.55 after hours. i2 Technologies ( ITWO) said third-quarter net income slipped to $9.4 million, or 33 cents a share, from $17.9 million, or 75 cents a share, a year ago. Revenue fell to $69.2 million from $111 million last year. Analysts expected earnings of 38 cents a share on revenue of $85.1 million, according to First Call. The stock was down $4.65, or 22%, to $16.25 in after-hours trading.
Altiris ( ATRS) said it earned $132,000, or less than 1 cent a share, for the third quarter, down from $3.4 million, or 12 cents a share, a year ago. The provider of IT systems reported revenue of $48.8 million, up from $40.7 million a year ago. Excluding items, the company earned $5.4 million, or 19 cents a share. The results beat the analyst estimate for earnings of 10 cents a share and revenue of $46 million. "In addition to exceeding our guidance, we reported growth in both license and service revenue and successfully implemented our restructuring efforts, realizing meaningful cost savings and significantly improving operating margins," said Greg Butterfield, chairman and CEO. The stock gained 84 cents, or 4.8%, to $18.49 in after-hours trading. Encore Wire ( WIRE) reported third-quarter results that blew away analysts' estimates. The company said third-quarter net income rose to $11.2 million, or 48 cents a share, from $6.4 million, or 27 cents a share, a year ago. Revenue increased 31% to $207.5 million from $158.6 million last year. Analysts expected earnings of 18 cents a share and revenue of $176 million. "The price of copper, our major raw material, continues to be strong, which has historically enhanced our margins," said President and CEO Daniel Jones in a statement. The stock was up $2.80, or 14.6%, to $22 in after-hours trading. Pitney Bowes ( PBI) earned $144 million, or 62 cents a share, for the third quarter, up from $136.5 million, or 58 cents a share, a year earlier. Excluding restructuring charges, the company earned 66 cents a share, matching First Call's mean analyst estimate. Revenue rose to $1.36 billion from $1.22 billion last year, slightly above Wall Street's forecast of $1.34 billion. "We are pleased with our broad-based growth in equipment, software, supplies, financing, and services revenue during the quarter," said Chairman and Chief Executive Michael Critelli in a statement. Looking ahead, Pitney Bowes expects to earn 64 cents to 73 cents a share on 5% to 7% revenue growth. Excluding restructuring charges, the company anticipates 73 cents to 75 cents a share, bracketing analysts' average projection of 74 cents. The stock was unchanged at $41.54.