During the first quarter of fiscal 2009, the Company
recorded a loan loss provision of $5.73Mn, compared to a loan loss
provision of $1.52Mn during the same period of fiscal 2008.
Non-performing assets increased to $44.7Mn, or 2.80% of total assets,
at September 30, 2008 as against a 1.28% of total assets, at September
30, 2007.
Sohu.com (NASDAQ: SOHU)
reported total revenues of $120.7Mn, up 134% YoY and 18% QoQ, exceeding
the high end of Company guidance by $4.7Mn. While, GAAP net income came
in at $40.3Mn or $1.02 per fully diluted share. GAAP net income
increased by 316% YoY and marginally higher than the second quarter of
2008. For the third quarter of 2008, Sohu's non-advertising revenues,
which are derived mainly from online games and wireless value-added
services, were $69.5Mn, or 58% of total revenues were up 248% YoY. Sohu
estimates total revenues for the fourth quarter of 2008 to be between
$118Mn and $122Mn. The company has been witnessing robust growth thanks
to the still penetrating internet population in China.
Humana (NYSE: HUM)
today reported diluted earnings per common share for the quarter ended
September 30, 2008 (3Q08) of $1.09 compared to $1.78 per share for the
quarter ended September 30, 2007 (3Q07). 3Q08 consolidated revenues
rose 13% to $7.15Bn from $6.32Bn in 3Q07, with total premium and
administrative services fees up 15% compared to the prior year’s
quarter, primarily driven by higher average membership in 3Q08 versus
3Q07 for the company’s Medicare Advantage, Commercial medical and
specialty products. Looking ahead to the year ending December 31, 2009
(FY09), the company anticipates a significant increase in earnings over
that for the year ending December 31, 2008 (FY08) with EPS projected
for FY09 to be in the range of $5.90 to $6.10.
Penn National Gaming (NASDAQ:PENN)
reported sales at $617Mn as against $629Mn in the same quarter last
year. Commenting on the quarterly results, Peter M.
