The Company has already started performing inspection on the major facilities, equipments and production operations of all our oilfields, and reinforcing our risk management measures, to avoid similar incidents happening in the future."
Acorn International, Inc. (NYSE: ATV), a media and branding company in China, operating one of the country's largest TV direct sales businesses in terms of revenues, unveiled its FY2011 Q2 financial results today. During the quarter, net income was $3.7 million, as compared to a net loss of $1.8 million in Q2 FY2010. Diluted earnings per share were 13 cents, as compared to loss of 6 cents. During the period, net revenues increased 36 percent to $82.9 million from $69 million a year ago. President and CEO Don Yang said, "This quarter, we made significant improvements in our top and bottom lines. Direct sales drove overall revenue growth, which is consistent with our strategy to shift our sales mix toward more profitable channels and products." He states that overall sales increased 36 percent from the second quarter of FY2010, substantially faster than the increase in overall retail sales in China.
American Eagle Outfitters, Inc. (NYSE: AEO), a leading American clothing and accessories retailer, reported its FY2011 Q2 financial results today. During the quarter, the company reported net income of $19.66 million, 10 cents per share, up from $9.66 million or 5 cents per share a year earlier. The company registered net sales of $675.7 million, compared to net sales of $651.5 million a year ago. Analysts had estimated a net profit of 11 cents per share for the company. For the second quarter, capital expenditures were $28 million, compared to $20 million last year. Of the second quarter capital expenditures, approximately $20 million related to new and remodeled stores. CEO Jim O'Donnell said, "During the quarter, we achieved improved performance on the top line and EPS within our range of expectations. We managed our business prudently and made significant strides on our longer-term initiatives which are laying the foundation for future growth. Importantly, a renewed focus on our key item businesses and improved merchandising are delivering positive results, with the back-to-school season off to an encouraging start."
Applied Materials Inc. (Nasdaq: AMAT), a global leader in providing innovative, equipment, services and software to the semiconductor and flat panel displays, is scheduled to announce its FY2011 Q3 earnings today. Analysts forecast a net profit of 33 cents per share for the company. It has a market capitalization of $14.32 billion with a P/E ratio of 9.61. It has more than 1.33 billion outstanding shares with a dividend yield of 2.80 percent.
Collective Brands, Inc. (NYSE: PSS), an international shoe company with three business segments, will report its FY2011 Q2 earnings later today. Analysts estimate a net profit of 12 cents per share for the company. It has a market capitalization of $589.69 million with a P/E ratio of 7.27. It has more than 61 million outstanding shares.