Few companies declared their quarterly earnings before the opening bell today, while several companies are scheduled to report their financial results after the closing bell. Some notable earners are discussed here.
China Precision Steel,Inc. (Nasdaq: CPSL), a leading precision steel processing company principally engaged in producing and selling high precision, cold-rolled steel products, today announced financial results for the fiscal 2011 fourth quarter. Net income for the quarter was $283,000 compared with net income of $1.3 million in the same period of the prior year. Fully diluted earnings per share were 1 cent, compared with 3 cents in the fourth quarter of fiscal year 2010. During the period, revenue increased 26.5 percent to $46 million and sales volume was a record 49,000 tons. CEO Hai Sheng Chen said, "We are pleased to experience a healthy growth in revenues throughout fiscal year 2011 and in particular a strong pickup in sales during the fourth quarter. The increased revenue for the fourth quarter was primarily due to orders realized that were delayed from the third quarter, as well as continued growth in demand for our low carbon, cold-rolled steel products and high carbon, cold-rolled products. Supporting our continued revenue growth is our increased production capacity, which contributed to record sales volume of 175,328 tons for fiscal year 2011. We plan to continue to gradually ramp up production capacity for our third mill over the next few years which we expect to reach up to approximately 80,000 tons, giving us a combined annual production capacity of approximately 260,000 tons."
AZZ Inc. (NYSE: AZZ), a leading manufacturer of electrical equipment and components for power generation, transmission and distribution, and industrial markets primarily in the U.S. and Canada, is scheduled to release its fiscal 2012 second! quarter earnings later today. Analysts estimate a net profit of 76 cents per share for the company. It has a market capitalization of $509.36 million with a P/E ratio of 12.90. It has more than 12 million outstanding shares.
CalAmp Corp. (Nasdaq: CAMP), which develops and markets wireless communications solutions that deliver data, voice and video for critical networked communications in the U.S., will release its FY2012 Q2 financial results after the market closes today. Analysts forecast a net profit of 3 cents per share for the company. It has a market capitalization of $73.95 million and more than 28 million outstanding shares.
DemandTec Inc. (Nasdaq: DMAN), a leading provider of collaborative optimization network software services connecting retailers and consumer products companies, is set to release its fiscal 2012 Q2 earnings later today. Analysts estimate a net loss of 2 cents per share for the company. It has a market capitalization of $197.25 million and more than 32 million outstanding shares.
Xyratex Ltd. (Nasdaq: XRTX), which designs, develops, and manufactures enabling technology that supports storage and data communication networks, will unveil its fiscal 2011 Q3 earnings after the closing bell today. Analysts estimate a net profit of 18 cents per share. It has a market capitalization of $265.27 million with a P/E ratio of 3.95. It has more than 30 million outstanding shares.
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