Earnings After The Bell - Nov 19

(RTTNews) - Here is a quick summary of the earnings reported after the bell on Nov 19.

Keurig Green Mountain, Inc. (GMCR) reported net income for the fourth quarter of $141.1 million or $0.86 per share, compared to $127.0 million or $0.83 per share for the year-ago quarter.

Excluding items, adjusted net income for the fourth quarter was $148.8 million or $0.90 per share, compared to $136.0 million or $0.89 per share in the prior year quarter.

Net sales for the fourth quarter rose 14% to $1.20 billion from $1.05 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.77 per share on revenue of $1.16 billion for the fourth quarter. Analysts' estimate typically excludes special items.

The company also announced a 15% increase in its indicated annualized dividend to $1.15 per share from $1.00. The increase will take effect with the February 12, 2015 quarterly dividend payment of $0.2875 declared by the Board payable to shareholders of record as of the close of business on January 13, 2015.

Looking forward to the first quarter, the company forecasts net sales growth in the high-single digits and adjusted earnings of $0.83 to $0.88 per share. Analysts currently expect the company to earn $0.96 per share on revenue growth of 16.70% for the first quarter.

For the fiscal year 2015, the company forecasts net sales growth in the high-single to low-double digits and adjusted earnings per share growth of mid-single digits to high-single digits.

Separately, Keurig Green Mountain said that Frances Rathke, Chief Financial Officer and Treasurer, will leave the company in 2015 after 11 years of service.

As part of the succession plan, the company has engaged an executive search firm.

To facilitate a successful transition, Ms. Rathke will continue to serve as Chief Financial Officer and Treasurer until a replacement is appointed, at which time, Ms. Rathke will serve in the new role of Strategic Advisor to the CEO reporting to Brian Kelley. She will stay in that latter role no later than September 26, 2015.

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2. Birks Group Inc. (BGI)

Q2 Net sales increased 14.3% to $65.5 million from $57.3 million in the prior fiscal year.

Q2 net loss for the period was $4.0 million, or $0.22 per share, compared to a net loss of $7.7 million, or $0.50 per share, in the prior fiscal year period.

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3. Atento S.A. (ATTO) reported third-quarter net earnings of $8 million or $0.06 per share compared with $4.7 million or $0.04 per share last year.

Excluding items, adjusted earnings for the quarter were $0.35 per share compared with $0.37 per share a year ago.

Revenues for the quarter were $589.6 million compared with $580.3 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.40 per share on revenues of $590.9 million for the quarter. Analysts' estimates typically exclude special items.

Atento is a provider of customer relationship management and business process outsourcing services.

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4. RGS Energy (RGSE) said its third-quarter loss widened to $4.75 million or $0.09 per share from $2.09 million or $0.07 per share last year. Shares of the company slipped about 9 percent in the after-hours trade, following the news.

Net revenues for the quarter rose to $18.90 million from $16.64 million last year. Gross margins dropped to 16.9 percent from 25.9 percent last year.

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5. Jumei International Holding Ltd (JMEI) reported an increase in profit for the third quarter, as revenues rose. Nevertheless, earnings for the quarter fell short of Wall Street estimates, as did revenues, sending the company's stock down 10 percent in extended trading hours.

Beijing, China-based Jumei's third-quarter profit rose to $19.5 million or $0.13 per ADS from $16.4 million or $0.12 per ADS last year. Analysts polled by Thomson Reuters expected earnings of $0.14 per ADS for the quarter.

Revenues for the quarter rose to $157.7 million from $123.3 million last year. However, fell short of analysts' mean estimate of $168.83 million for the quarter.

Moving ahead, the company maintained its fiscal year 2014 adjusted income guidance of $81 million to $87 million.

JMEI closed Wednesday's trading at $22.23, down $0.98 or 4.22%, on the Nasdaq. The stock further dropped $2.34 or 10.53% in the after-hours trade.

*** 6. Salesforce.com (CRM) Wednesday reported a smaller loss for the third quarter, led by a 29 percent jump in revenues on greater demand for its cloud computing applications, and topped Wall Street estimates by a penny.

Nevertheless, Salesforce detailed some weak earnings guidance for the current quarter, sending its shares down a near 5 percent in after-hours trade on the New York Stock Exchange.

Salesforce.com, which competes with Oracle Corp (ORCL) and Sap AG (SAP), has been posting losses due to expenses, despite steady growth in revenue. The company has boosted its offerings through prior acquisitions and expanded into adjacent markets.

For the third quarter of fiscal year 2015, Salesforce posted third-quarter net loss of $38.9 million or $0.06 per share, compared with a loss of $124.4 million or $0.21 per share last year.

Excluding stock-based compensation expenses and other items, adjusted earnings for the quarter were $0.14 per share, compared with $0.09 per share a year ago. On average, 36 analysts polled by Thomson Reuters estimated earnings of $0.13 per share for the quarter. Analysts' estimates typically exclude special items.

The San Francisco, California-based company's revenues for the quarter rose to $1.38 billion from $1.08 billion in the prior year.

Thirty-three analysts had a consensus revenue estimate of $1.37 billion for the quarter.

Subscription and support segment revenue rose 28 percent from last year, and professional services climbed 33 percent.

For the fourth quarter of 2015, Salesforce expects adjusted earnings of $0.13 to $0.14 per share on revenues of about $1.44 billion. Analysts currently expect earnings of $0.15 per share on revenues of $1.45 billion.

For the full year 2015, the company expects adjusted earnings of $0.51 to $0.52 per share on revenues of about $5.37 billion. Salesforce had earlier projected earnings in the range of $0.50 to $0.52 per share on revenues of $5.34 billion to $5.37 billion for the year.

Analysts currently expect earnings of $0.52 per share on revenues of $5.370 billion for 2015.

For the full year 2016, Salesforce expects revenue of $6.45 billion to $6.5 billion, while analysts expect $6.66 billion.

Salesforce.com stock closed Thursday at $61.02, down $1.45 or 2.32%, on a volume of 5.5 million shares. In after hours, the stock dropped $2.57 or 4.21%, trading at $58.45.

*** 7. Software maker Datawatch Corp. (DWCH) reported a wider loss for the fourth quarter, despite higher revenues, with both earnings and revenues missing estimates. Shares of Datawatch plunged $2.79 or 25.39% in the after hours trade.

Chelmsford, Massachusetts-based Datawatch's fourth-quarter net loss widened to $4.87 million or $0.44 per share from last year's loss of $2.68 or $0.37 per share last year.

Datawatch's revenues for the fourth quarter rose 3 percent to $9.05 million from $8.82 million a year ago. License revenues dropped 10 percent to $5.24 million.

Analysts polled by Thomson Reuters expected loss of $0.19 per share for the quarter with revenues of $10.17 million for the quarter.

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8. Williams-Sonoma, Inc. (WSM) reported net income for the third quarter of $64.9 million or $0.68 per share, compared to $56.7 million or $0.58 per share for the year-ago quarter.

Net revenues for the third quarter rose 8.7% to $1.14 billion from $1.05 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.63 per share on revenue of $1.12 billion for the third quarter.

Looking forward to the fourth quarter, the company forecasts net revenues of $1.525 billion to $1.575 billion and earnings of $1.42 to $1.50 per share. Analysts currently expect the company to earn $1.53 per share on revenue of $1.57 billion for the fourth quarter. For the fiscal year 2014, the company now forecasts net revenues of $4.68 billion to $4.73 billion and earnings of $3.11 to $3.19 per share. Previously, the company forecast revenues of $4.645 billion to $4.725 billion and earnings of $3.07 to $3.17 per share. Analysts currently expect the company to earn $3.18 per share on revenue of $4.70 billion for the fiscal year 2014.

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9. Fidelity & Guaranty Life (FGL)

The company reported net income of $38.7 million or $0.66 per share for the fourth quarter of fiscal 2014 vs $110.7 million or $2.36 per share a year ago.

Q3 revenue was $271.8 million vs $320.3 million a year ago.

Analysts expected the company to report net income of $0.45 per share on revenues of $231.45 million for the period.

*** 10. Semiconductor company Semtech Corp (SMTC) reported third-quarter net earnings of $17.6 million or $0.26 per share compared with $12.5 million or $0.18 per share last year.

Excluding items, adjusted earnings for the quarter were $0.46 per share compared with $0.35 per share a year ago.

Revenues for the quarter were $148.9 million compared with $141 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.44 per share on revenues of $146.2 million for the quarter. Analysts' estimates typically exclude special items.

For the fourth quarter, the company expects adjusted earnings of $0.32 to $0.34 per share on revenues of $128 million to $132 million. Analysts expect earnings of $0.41 per share on revenues of $140 million.

Semtech announced an increase of the existing stock repurchase authorization to $50 million. Prior to the increase, the company had $21.6 million remaining from the authorization that was expanded in August 2013.

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11. L Brands, Inc. (LB) reported net income for the third quarter of $131.8 million or $0.44 per share, compared to $92.0 million or $0.31 per share for the year-ago quarter.

Net sales for the third quarter rose 7% to $2.32 billion from $2.17 billion in the same quarter last year. Same-store sales for the quarter increased 5%.

Analysts polled by Thomson Reuters expected the company to earn $0.39 per share on revenue of $2.31 billion for the third quarter.

Looking forward, the company said it expects fourth quarter earnings per share to be $1.61 to $1.71, which is consistent with its previous guidance.

The company raised its full year 2014 earnings outlook to a range of $3.21 to $3.31 per share from its prior outlook of $3.03 to $3.18 per share, which includes the previously announced estimated full-year negative impact of about $0.10 to $0.12 related to the exit of certain non-core categories in the Victoria's Secret direct and beauty businesses to allow the brand to focus on faster growing, more profitable product lines.

Analysts currently expect the company to earn $1.77 per share for the fourth quarter and $3.31 per share for the full fiscal year 2014.

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12. Cellular Biomedicine Group Inc. (CBMG)

Cellular Biomedicine Group reported a net loss for the three months ended September 30, 2014 of approximately $2.8 million, or $0.31 per share, compared to a net gain of approximately $0.6 million, or $0.09 per share for the same period a year ago.

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13. Hillenbrand, Inc. (HI) reported net income for the fourth quarter of $23.6 million or $0.37 per share, compared to $23.1 million or $0.37 per share for the year-ago quarter.

Excluding items, adjusted net income for the latest quarter was $39.2 million or $0.61 per share.

Net revenue for the fourth quarter rose 6% to $468.7 million from $440.9 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.61 per share on revenue of $469.10 million for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward to fiscal year 2015, the company forecasts revenue growth of 2%-4% on a constant currency basis and adjusted earnings of $2.05 to $2.15 per share. Analysts currently expect the company to earn $2.23 per share for the fiscal year 2015.

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14. eFuture Information Technology Inc. (EFUT)

Third quarter total revenue decreased 16% year-over-year to RMB34.0 million or US$5.5 million rom RMB40.5 million.

Third quarter 2014 net loss was RMB1.8 million or US$0.3 million, compared with a net loss of RMB1.6 million in the third quarter 2013.

Adjusted net loss for the third quarter 2014 was RMB0.6 million or US$0.09 million, compared with RMB0.4 million in the third quarter 2013.

Loss per share in the third quarter 2014 was RMB0.43 or US$0.07, compared to RMB0.38 in the third quarter 2013. Q3 Adjusted loss per share was RMB0.13 or US$0.02, compared to RMB0.1 in the third quarter 2013.

Q4 Outlook

eFuture expects total revenue for the fourth quarter 2014 to be in the range of RMB76 million or US$12.4million to RMB81 million or US$13.2 million.

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15. Automotive dealer America's Car-Mart Inc (CRMT) reported second-quarter net earnings of $7.5 million or $0.83 per share compared with $5.8 million or $0.61 per share last year.

Revenues for the quarter were $134 million compared with $121 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.66 per share on revenues of $120.6 million for the quarter. Analysts' estimates typically exclude special items.

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16. Echo Therapeutics, Inc. (ECTE)

Echo's net loss for the third quarter of 2014 was $5.5 million, or $0.43 per share as compared to $5.2 million, or $0.49 per share, for the third quarter of 2013.

Q3 revenue was $19,107 vs $22,557 a year ago.

Analysts expected the company to report net loss of $0.31 per share on revenues of $20000 for the period.

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17. ChinaCache International Holdings Ltd. (CCIH)

Net revenues in the third quarter were RMB375.3 million or US$61.1 million, representing a 36.3% increase year-over-year.

Net income was RMB0.6 million or US$0.1 million in the third quarter of 2014, compared with net loss of RMB22.7 million in the corresponding period in 2013.

Earnings per ADS for the third quarter of 2014 were RMB0.02 or US$0.00.

Adjusted net income was RMB8.9 million or US$1.5 million in the third quarter of 2014, compared with adjusted net loss of RMB16.0 million in the corresponding period in 2013. Non-GAAP earnings per ADS in the third quarter of 2014 were RMB0.34 or US$0.06.

Q4 Outlook

ChinaCache currently expects to generate total net revenues in the range of RMB365.0 million orUS$59.5 million to RMB370.0 million or US$60.3 million for the fourth quarter of 2014

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18. Copa Holdings, S.A. (CPA) reported net income for the third quarter of US$66.0 million or US$1.49 per share, compared to US$126.0 million or US$2.84 per share for the year-ago quarter.

Excluding special items, adjusted net income for the third quarter was US$99.8 million or US$2.25 per share, compared to US$116.2 million and US$2.62 per share in the prior year quarter.

Total revenues for the third quarter fell 2% to US$663.7 million from US$677.3 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn US$1.99 per share on revenue of US$686.78 million for the third quarter. Analyst' estimates typically exclude special items.

The company also said that its board of directors has approved a US$250 million share repurchase program.

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