Net loss for the three months ended September 30, 2008 was $84Mn compared to Net loss of $38Mn for the three months ended September 30, 2007. Basic and diluted loss per share for the three months ended September 30, 2008 was $1.56 compared to Basic and diluted loss per share of $0.69 for the three months ended September 30, 2007. The company signed 9 new clients since June 30, 2008, representing 8,900 potential new units and new services.
Tyson Foods, Inc. (NYSE:TSN) 4th quarter sales increased $627Mn, or 9.5%, versus same quarter last year, Net EPS of $0.13 as compared to $0.09 last year. Pork's $75Mn operating income more than doubled the previous record September quarter set in 1999. Ample hog supplies and strong export markets aided in Pork achieving a 7.8% margin for the year, well above its normalized range. "In fiscal 2008 and early fiscal 2009, we acquired three poultry operations in Brazil, entered into majority ownership joint ventures in India and China and are awaiting government approval of our third joint venture in China.” said Richard L. Bond, president and chief executive officer of Tyson Foods, Inc.
Pacific Ethanol (NASDAQ: PEIX) For the three months ended September 30, 2008, the Company reported net sales of $184.0Mn, an increase of $65.9Mn, or 56%, compared to $118.1Mn for the same period in 2007. This increase in net sales is primarily due to a substantial increase in sales volume, coupled with higher average sales prices. The Company's average sales price of ethanol increased by $0.34 per gallon, or 16%, to $2.45 per gallon compared to an average sales price of $2.11 per gallon in the same period in 2007. Average corn prices for the Company increased 54% for the three months ended September 30, 2008 as compared to the same period in 2007. The Company's net loss for the three months ended September 30, 2008 was $54.9Mn compared to $4.8Mn for the same period in 2007. The loss includes a non-cash asset impairment of $26.6Mn associated with the Company's suspended Imperial Valley project, which represents the net of $43.8Mn in property and equipment and $17.2Mn in construction-related liabilities.
Energy Conversion Devices (NASDAQ: ENER) Total consolidated revenues for the quarter were $95.8Mn, an increase of 104 percent higher than revenues of $47.0Mn in the first quarter of fiscal 2008. The average selling price for solar laminates during the quarter was $3.04. Net income for the first quarter was $12.7Mn, or $0.29 per fully diluted share, compared to a net loss of $7.6Mn, or $0.19 per fully diluted share, in the year-ago period. The company expects consolidated revenues for the next quarter to be $100 - $108Mn.
Six Flags (NYSE: SIX) Total revenues of $489.3Mn increased 5% over the prior-year quarter. Increases in per capita guest spending, which grew $0.82 to $38.67, a 2% increase over the per capita guest spending of $37.85 for the third quarter of 2007, reflected higher rentals, food and beverage, parking, admissions, and retail revenues. The Company's net income from continuing operations improved by $54.4Mn to $144.3Mn from $89.9Mn in the prior-year quarter. The company is yet to respond to the notification from the New York Stock Exchange that the Company is not in compliance with the continued listing standards of the NYSE because the thirty-day average market capitalization of the Company's common stock has been less than $75Mn and, at the same time, the Company's stockholders' equity on its consolidated balance sheet has been less than $75Mn.
Disclosure: The author does not own any stocks mentioned in this article.
