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Earnings Roundup For May 23

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Perry Ellis International Inc (NASDAQ: PERY) reported upbeat quarterly results and lifted its earnings guidance for the year. Perry Ellis reported its Q1 net income at $15.4 million, or $0.99 per share, up from $11.2 million, or $0.81 per share, in the year-ago period. Excluding items, PERY's earnings came in at $1.08 per share. Its revenue climbed 31% to $288.3 million. However, analysts were expecting earnings of $0.99 per share on revenue of $277.1 million. Perry Ellis now projects 2012 earnings of $2.40 to $2.50 per share, versus its earlier forecast of $2.30 to $2.40 per share.

Campbell Soup Co (NYSE: CPB) reported higher FQ3 profit on Monday. Campbell reported its FQ3 net income at $187 million, or $0.57 per share, up from $168 million, or $0.49 per share, in the year-earlier period. Its sales surged to $1.81 billion from $1.80 billion. Campbell's gross-profit margin dropped to 40.4% from 41.2%. However, analysts were expecting Q3 earnings of $0.52 per share on revenue of $1.80 billion. Campbell projects its full-year earnings per share at the high end of its projections.

Tech Data Corporation (NASDAQ: TECD) reported weaker-than-expected quarterly earnings on Monday. Tech Data reported its Q1 operating income at $75.7 million, compared with $69.5 million, in the year-ago quarter. The company's net income attributable to shareholders increased to $48.7 million, or $1.03 per share, from $45.6 million or $0.88 per share, in the year-ago period. Its net sales climbed 13% to $6.3 billion, from $5.6 billion. However, analysts were expecting earnings of $1.05 per share on revenue of $6.40 billion. Tech Data's gross margin rose to 5.27%, from 5.21%, in the year-ago quarter.

Ryanair Holdings PLC (NASDAQ: RYAAY) reported a 23% rise in its fiscal year net profit on Monday. Ryanair reported its net profit at EUR374.6 million, up from EUR305.3 million, in the year-earlier period. Excluding exceptional items, its net profit surged 26% to EUR400.7 million. RYAAY's revenue for the year increased 21% to EUR3.63 billion. Its ancillary sales rose 21% to EUR801.6 million. Ryanair's unit costs surged 11%. Its unit costs, excluding fuel, increased 3%. Ryanair's fuel costs jumped 37% to EUR1.23 billion.

Krispy Kreme Doughnuts Inc (NYSE: KKD) reported its FQ1 net profit at $9.2 million, or $0.13 per share, up from $4.5 million, or $0.06 per share, in the year-earlier period. The company's revenue surged 14% to $104.6 million. However, analysts were expecting earnings of $0.09 per share on sales of $96.8 million. The company's same-store sales surged 5.8%.

China Sunergy Co Ltd (NASDAQ: CSUN) posted weaker-than-expected Q1 results on Monday. China Sunergy reported its quarterly net income at $3.5 million or, $0.09 per American depository share (ADS), down from $7.1 million, or $0.18 per ADS. Its revenue jumped 59% to $165.7 million. However, analysts were expecting a profit of $0.12 per ADS on revenue of 191.8 million. China Sunergy projects gross margin of 7.5%-8.5% for the current quarter, versus 10.7% in the first quarter. It projects Q2 shipments to sequentially rise to 120-130 megawatts (MW) from 98 MW.

Satyam Computer (OTC: SAYCY) reported weaker-than-expected quarterly results on Monday. Satyam reported a net loss at 3.27 billion rupees, versus a profit of INR589 million in the quarter ended December 31. However, analysts were expecting a profit of between INR603 million and INR1.20 billion.

Ship Finance International Limited (NYSE: SFL) reported its results for the first quarter on Monday. Ship Finance International reported its total US GAAP operating revenues at $72.0 million. Its quarterly net income surged to $32.1 million, or $0.41 per share. The company's US GAAP net operating income came in at $38.1 million, or $0.48 per share. However, analysts were expecting earnings of $0.44 per share on revenue of $72.81 million.The Board of Directors of Ship Finance International declared an increased quarterly cash dividend of $0.39 per share.

British Land Company PLC (OTC: BTLCY) released its results for the year ended March 31 on Monday. British Land reported its net profit at 840 million pounds ($1.36 billion), versus 1.14 billion pounds, in the year-earlier period. Its gross rental income dropped to 298 million pounds from 394 million pounds, while net rental income dropped to 255 million pounds from 337 million pounds.

Read more from Benzinga's Markets.

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

 

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