And although still negative in Phoenix, same-store sales improved versus the prior quarter."
Northeast Utilities (NYSE: NU) registered fourth quarter net income of $72.0 million or 46 cents a share, compared to $72.7 million or 47 cents a share in the same period last year. Income from continuing operations for the period declined to $72.0 million or 46 cents a share from $73.3 million or 47 cents a share in the same quarter, a year ago. Revenue jumped to $1.45 billion from $1.28 billion. Analysts on average expected the company to report earnings of 47 cents a share on revenue of $1.97 billion. Looking ahead, for the full-year 2009, the company expects to earn in the range of $1.80 to $2.00 per share.
SPSS Inc. (NASDAQ: SPSS) reported that its fourth quarter net income tumbled to $7.9 million or 41 cents from $10.0 million or 50 cents in the year ago period. On an adjusted basis, the company earned 58 cents. Revenue decreased 7% to $74.1 million from $79.6 million. Analysts on average had forecast the company to report earnings of 45 cents a share on revenue of $75.74 million for the quarter. Looking ahead, for the 2009 first quarter, the company expects to report earnings in the range of 37 cents to 51 cents and revenue in the range of $68.0 million and $74.0 million. Analysts currently the company to report earnings of 46 cents share on revenues of $72.85 million for the first quarter. “Our results for the fourth quarter reflect our ability to navigate well through choppy economic waters, particularly when compared to the fourth quarter of last year which was marked by exceptionally favorable foreign currency exchange rates and a healthier global economy,” said Jack Noonan, SPSS chairman, president and CEO. “While we saw customers moving away from larger transactions, we were able to leverage our competitive price points to stabilize revenue by completing smaller to mid-size transactions in markets where customers continued to spend even as the economy weakened. Our previous experience in downturns, along with a healthy maintenance revenue stream, proved advantageous.” Shares of the company surged over 7% in late trading.
Tanger Factory Outlet Centers Inc.(NYSE: SKT) announced that its fourth quarter net income fell to $8.1 million or 26 cents a share from $9.1 million, or 29 cents a share during the fourth quarter of 2007. Revenues grew to $68.34 million from $61.98 million. Analysts on average had projected earnings of 68 cents a share on revenue of $63.33 million. Looking forward, for full fiscal year 2009, the company expects to earn in the range of 87 cents and 97 cents a share. Analysts currently expect the company to report earnings of $2.80 per share on revenues of $253.14 million for fiscal 2009. Steven B.
