(By Salman - iStockAnalyst Writer)
Late on Tuesday, diversified agribusiness and retailing firm The Andersons, Inc. (NASDAQ: ANDE) announced its third quarter net income rose 22% to $12.8 million, or $0.70 per diluted share, from $10.6 million, or $0.58 per diluted share in the same quarter, previous year. Revenue climbed to $906 million from $554 million. Analysts on average expected earnings of 64 cents per share on revenue of $806.5 million. The company's operating income was $9.4 million in the third quarter, which was below its year earlier result of $13.7 million. Shares of Andersons Inc. were little changed in after hours trade. In regular trading, shares of the company plunged over 9%.
Online jewelry retailer Blue Nile Inc. (NASDAQ: NILE) reported that its profit fell 21% in the third quarter to $2.34 million, or 15 cents per share, compared with $2.97 million, or 18 cents, in the same period last year. Analysts on an average were expecting the company to earn 16 cents per share. Sales fell to $65.4 million from $67.4 million. Chief Executive Diane Irvine said in a statement "Certainly, this is a more difficult environment, especially for our engagement business. The freeze-up in the credit markets has played a role. We have a fair percentage of consumers who need to access credit. Our expectation is that this will be a very challenging holiday season based on the uncertainty in the external environment and extremely cautious consumer spending trends". Shares of the company retreated 12.57% in after hours trade.
BRE Properties Inc. (NYSE: BRE) said on Tuesday that its third quarter net income available to common shareholders was $41.6 million or $0.80 per share, compared to $51.4 million or $0.99 per share, in the same quarter last year. Funds from operations for the quarter climbed to $37.8 million or $0.72 per share, compared to $32.4 million or $0.62 per share in the the same period, a year ago. Total revenues from continuing operations for the quarter rose to $89.4 million, compared with $83.2 million a year ago. Analysts expected the company to earn $0.69 per share on revenues of $86.05 million. Shares of the company climbed over 2% in extended trading on Tuesday.
Life sciences company Cambrex Corp. (NYSE: CBM) reported that its third quarter net income rose to $2.80 million or $0.10 per share from $1.49 million or $0.05 per share in the corresponding quarter last year. Net revenues for the quarter increased to $58.29 million from $54.61 million. Analysts had forecast earnings of $0.05 per share on revenues of $58.23 million. Shares of Cambrex Corp. were unchanged in after hours trading.
Mobile games publisher Glu Mobile Inc. (NASDAQ: GLUU) posted a net loss of $56.9 million, or $1.93 per share in third quarter, compared to a net loss of $753,000, or 3 cents a share, for the same period the previous year.