Several companies declared their quarterly earnings before the market opened today, while many companies are scheduled to report their financial results after the market closes today.
ChipMos Technologies Bermuda Ltd. (Nasdaq: IMOS), which provides semiconductor testing and assembly services for LCD and other flat-panel display driver semiconductors, as well as for advanced memory and logic and mixed-signal products, today reported unaudited consolidated financial results for the third quarter ended September 30, 2011. Net income for the third quarter of 2011 was $4.6 million, or $0.17 per share, compared with net income of $1.6 million, or $0.06 per share, in the third quarter of 2010. Net revenue for the third quarter of 2011 was $146.5 million, a decrease of 5.4 percent from $154.9 million for the third quarter 2010. Results are in-line with the company's original guidance for revenue to be flat-to-down in the single digits as compared with the second quarter of 2011.
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Tyco International Ltd. (NYSE: TYC), which provides security products and services, fire protection and detection products and services, valves and controls, and other industrial products worldwide, reported its FY 2011 Q4 earnings today. During the quarter, the company reported net income of $400 million, or $0.85 a share, from $266 million, or $0.53 per share, in the year-earlier quarter. Adjusted earnings from continuing operations were $0.92 a share versus $0.74 in last year's fiscal Q4. Shares outstanding fell 5.8 percent to 471 million. Revenue rose to $4.69 billion from $4.49 billion. Analysts estimated a net profit of $0.86 a share on $4.51 billion of revenue.
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E-Commerce China Dangdang Inc. (NYSE: DANG), a leading business-to-consumer e-commerce company in China, today announced unaudited financial results for the third quarter ended September 30, 2011. During the quarter, the company reported net loss of RMB73.4 million, or $11.5 million, as compared with net income of RMB32.7 million in the corresponding period in 2010, primarily due to a decrease in gross profit, a, increase in fulfillment and marketing expenses and a valuation allowance against its net deferred tax assets.