Jeweler Also Lowers Guidance
The online jeweler last night reported fourth-quarter earnings of $0.30 per share on revenues of $112.3 million, badly missing the consensus estimates of $0.42 EPS on $123.2 million in revenues. For the current quarter, the company forecast earnings of $0.04 to $0.07 per share on revenues of $81 million to $84 million, well short of the expected $0.17 EPS on $86 million in revenues. Management blamed the disappointing numbers on weak demand among high-end and international customers. NILE is down nearly 24 percent on tradeMONSTER's extended-hours platform.
NetApp Surges on Solid Quarter
The data-storage company reported adjusted earnings of $0.58 per share, matching the average estimate among analysts in its fiscal third-quarter report after yesterday's close. Revenues of $1.57 billion edged past the forecast of $1.56 billion. For the current quarter, management projects adjusted earnings of $0.60 to $0.65 per share on revenues of $1.65 billion to $1.73 billion, compared with an expected $0.63 on $1.68 billion in revenues. NTAP is up 7.5 percent this morning.
Itron Beats on Top, Bottom Lines
The power-meter manufacturer said late yesterday that adjusted earnings came in at $1.19 per share for the fourth quarter, easily beating the $0.99 EPS that analysts had been looking for. Revenues of $642.5 million blew past the estimated $582.14 million. For 2012, Itron projected earnings of $3.80 to $4.20 per share on $2.1 billion to $2.3 billion in revenues, compared with forecasts of $4.10 EPS on revenues of $2.37 billion. ITRI is up more than 12 percent in the pre-market.
Smucker Lower as Margins Fall
The food company this morning posted adjusted earnings of $1.22 per share for its fiscal third quarter, well below the $1.41 EPS that had been expected. Management said revenue totaled $1.47 billion versus the consensus estimate of $1.54 billion, blaming increased raw-material costs for lower margins. SJM is down more than 7 percent in the pre.
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