Market Overview

Earnings Roundup

Ciena Corp (NASDAQ: CIEN) narrowed its FQ3 loss on Thursday. Ciena reported a quarterly loss of $31.5 million, or $0.33 per share, versus a year-ago loss of $109.9 million, or $1.18 per share. Excluding items such as acquisition and integration costs, Ciena earned $0.08 per share. However, analysts were expecting a loss of $0.08 per share. Its revenue climbed 12% to $435.3 million. Ciena projects current-quarter revenue of $440 million to $460 million, versus analysts' estimates of $474 million.

Movado Group Inc (NYSE: MOV) swung to a quarterly profit on Thursday. Movado Group reported its Q2 earnings at $4.4 million, or $0.18 per share, versus a loss of $20.9 million, or $0.84 per share, in the year-ago period. The company's revenue climbed 33% to $113.2 million.

Charming Shoppes Inc (NASDAQ: CHRS) released its results for the second quarter on Thursday. Charming Shoppes reported a quarterly loss of $0.01 per share. Its revenue dropped 3.6% y/y to $499.2 million. However, analysts were expecting earnings of $0.01 per share on revenue of $499.2 million.

Methode Electronics Inc (NYSE: MEI) reported its Q1 EPS at $0.04, versus the estimates of $0.10. It reported its quarterly revenue at $110.8 million, versus the estimates of $110.30 million.

Toronto-Dominion Bank (NYSE: TD) reported a 23% rise in its fiscal third-quarter net profit. TD Bank's quarterly net profit climbed to C$1.45 billion, or C$1.58 per share, from C$1.18 billion, or C$1.29 per share, in the year-ago period. Its total revenue surged 13% to C$5.35 billion. Its adjusted earnings per share came in at C$1.72. However, analysts were expecting earnings of C$1.62 per share on revenue of C$5.26 billion.

Hargreaves Lansdown PLC (OTC: HRGLF) reported a 46% surge in its full year profit. Hargreaves Lansdown's profit before tax in the year ended June 30, 2011 came in at GBP126 million. Its revenue climbed 31% to GBP207.9 million. Its diluted earnings per share came in at 19.6 pence.

Pernod Ricard SA (OTC: PDRDY) reported a 10% rise in its full-year net profit. Pernod Ricard's net profit for the period surged to EUR1.05 billion, from EUR951 million, in the year-ago period. Its sales climbed 8% to EUR7.64 billion from EUR7.08 billion. Pernod Ricard also proposed a dividend of EUR1.44 per share.

Monitise PLC (OTC: MONIF) posted a pretax loss for fiscal 2011. Monitise posted a pretax loss of GBP17.2 million, versus a loss of GBP17.0 million, in the year-ago period. Its revenue surged to GBP14.0 million.

Posted-In: Earnings RoundupEarnings News Pre-Market Outlook Markets

 

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