Several companies declared their quarterly earnings before the market opened today, while many companies are scheduled to unveil their financial results after the closing bell. Some notable earners are discussed here.
Synthesis Energy Systems, Inc. (Nasdaq: SYMX), a global energy and gasification technology company that provides products and solutions to the energy and chemicals industries, announced today financial results and corporate highlights for the fourth quarter and fiscal year ended June 30, 2011. During the quarter, the company's net loss attributable to stockholders for the quarter was $4.6 million, or 9 cents per share, versus $3.7 million, or 8 cents per share, for the prior year's fourth quarter. Analysts had estimated a net loss of 4 cents per share for the company. The Company's operating loss for the period was $4.7 million, versus $3.8 million reported for the fourth quarter of fiscal 2010. The increase in the operating loss was primarily attributable to the decrease in capacity fee revenue and, to a lesser degree, an increase in stock-based compensation expense. Its total revenue increased 42 percent to $2.5 million, versus $1.8 million for the three months ended June 30, 2010. CEO Robert Rigdon said, "Fiscal 2011 was a year of significant accomplishments resulting from the successful execution of our three-pronged strategy to create value for our partners and shareholders through technology deployment, global asset development and coal resource integration. In addition to advancing our current projects in China, we have achieved important objectives such as the strategic collaboration agreement with ZJX/China Energy, the advancement of regional business development platforms such as China and India, and the formation of SES Resource Solutions, where we plan to vertically integrate low rank coal resources into our projects. With these accomplishments, we are well positioned to execute on our strategy."
Scholastic Corp. (Nasdaq: SCHL), the global children's publishing, education and media company, announced its fiscal 2012 first quarter financial results today.