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MondayJul 28, 2008 5:23 am

Strike a Qualitative: Quantitative Balance for Planning and Control That Works – Better Business Basics Bulletin

The first half of 2008 has created a crunch on all resources. The market struggles to climb out of a trough that has persisted for more than six months. New opportunities to enrich stocks compete for attention with mature operations that need revival. Time is in most demand. It is tempting to skip critical reviews of the most recent quarter. Why not just look ahead and try to make up for disappointing business results? There is much to lose if efforts are not made to assess performance at the micro level in these most trying macro circumstances. Statutory reporting numbers…

MondayJul 28, 2008 4:54 am

Artificial Life, Inc. (ALIF.OB) Reports Strong Revenue Growth and Profits for 2nd Qtr

Artificial Life, Inc., a leading, full-service provider of mobile 3G+ technology, mobile participation TV, mobile gaming and business applications, has released their financial results which show strong growth in revenue and profits for the second quarter ending June 30, 2008. Revenues for this quarter were $5,481,470 when compared to $707,066 for the quarter ending June 30, 2007. According to the results, the 675% revenue increase was mainly due to increased product license income from pre-installation deals for mobile handsets, one time downloads and monthly subscription revenues for 3G games derived from mobile operators, resellers and handset distributors, and first major…

MondayJul 28, 2008 4:52 am

NetSol Technologies Inc. (NTWK) Issues Strong FY 09 Guidance

NetSol Technologies, Inc. (NTWK), a developer and provider of software solutions for finance and leasing industries worldwide, announced solid sales and earnings forecasts for fiscal year 2009 this morning. The company anticipates revenues to grow 30% to 35% over 2008, and net income is forecasted to be between 40 cents and 45 cents for the full year. "We anticipate a strong financial performance in fiscal 2009 based on the combined strength of NetSol's global operating divisions. The main impetus driving this robust outlook for revenue and profitability growth remains our strong new business pipeline and contract backlog," stated Najeeb Ghauri,…

MondayJul 28, 2008 4:45 am

Axial Vector Engine Corp. (AXVC.PK) Continuing A Sixty-Year-Old Tradition of Linear Power

Axial Vector Engine Corporation can trace its roots back to World War II, when Dr. Karl Hermann created the original linear power transmission concept. That initial design was eventually put to successful use by the US navy as a pneumatic drive in MK-46 torpedoes. The linear power design has proven successful in many applications because of its power and simplicity. Since the 1960’s, General Motors has been continuously using a linear power transmission for its air conditioning compressors. The crucial difference between linear power and traditional standard drive is the position of the pistons and cylinders relative to the drive…

MondayJul 28, 2008 4:42 am

TGC Industries (TGE) Reports Second Quarter Earnings Miss, Record Backlog

TGC Industries (TGE), a provider of 3-D seismic data and acquisition services to onshore oil and natural gas exploration and development companies in the U.S. and Canada, reported second quarter results this morning that fell short of estimates. Net income was $0.9 million, or 5 cents per share, a decline of 30% year-over-year. Revenues fell 14% to $18.6 million. Analysts expected earnings of 9 cents per share on revenues of $22.7 million. The company cited the idling of two of its eight seismic crews due to customer permitting delays for the shortfall. Wayne Whitener, TGC Industries' President and Chief Executive…

MondayJul 28, 2008 4:40 am

Cal-Maine Foods Inc. (CALM) Reports Fourth Quarter Earnings Double

Cal-Maine Foods, Inc. (CALM), the largest shell-egg producer and distributor in the U.S., released financial results for the fourth quarter and fiscal year 2008 this morning. Net income for the fourth quarter rose 104% year-over-year to $36.6 million, or $1.54 per share, on revenues of $235.6 million, a 39% increase over the same period. For the full year the company earned $6.41 per share on revenues of $915.9 million. The company continues to benefit from the ability to command high prices for its eggs, although the fourth quarter’s results represent a sequential decline of 36% in net income and 15%…

MondayJul 28, 2008 4:32 am

Sohu.com, Inc. (SOHU) Reports Record Quarter, Crushes Estimates

Sohu.com Inc. (SOHU), a Chinese e-tailer and Internet search engine offering a wide range of online products, services, and media, announced second quarter results this morning that far exceeded what analysts were expecting. Non-GAAP net income increased 423% year over year to $42.3 million, or $1.07 per share, vs. analysts’ estimates of 67 cents per share. Revenues rose 162% for the same period to $102.0 million vs. $96.5 million consensus. Excluding share-based compensation expense, Sohu.com earned $1.02 per share. "We are very pleased with our strong performance this quarter," said Dr. Charles Zhang, Chairman and CEO of Sohu.com. "Sohu achieved…

MondayJul 28, 2008 3:36 am

Omega United, Inc. (OMGA.OB) Announces Name and Symbol Change to SkyPostal Networks, Inc. (SKPN.OB)

Before the bell today, Omega United, Inc. dba SkyPostal announced that it will officially change its corporate name to SkyPostal Networks Inc effective today. The new trading symbol will be listed on the OTCBB Bulletin Board Exchange under the ticker SKPN. Albert P. Hernandez, SkyPostal’s President and CEO, stated, “We are very pleased to complete the name change to SkyPostal Networks, a name that we believe will enable us to be more marketable on a global scale with a cohesive, instantly-recognizable identity. Additionally, the name change comes at an opportune time when we are making significant expansions to our product…

FridayJul 25, 2008 7:24 pm

Monro Muffler Brake, Inc. (MNRO) Reports Record First Quarter Earnings

Monro Muffler Brake, Inc. (NASDAQ: MNRO), the operator of a chain of automotive under-car repair and tire service stores in the United States under the brand names Monro Muffler Brake and Service, Mr. Tire, and Tread Quarters Discount Tires, recently announced record financial results for its fiscal 2009 first quarter, which ended June 28, 2008. Sales for the first quarter posted an 11.8 percent year-over-year increase to a record $120.4 million, compared to $107.6 million for the first quarter of fiscal 2008. The company’s gross margin totaled 42.3 percent in the first quarter compared to 43.4 percent in the previous…

FridayJul 25, 2008 7:23 pm

Abaxis, Inc (ABAX) Reports Fiscal Results for First Quarter

Abaxis, Inc. (ABAX), founded in 1989 and based in Union City, California, manufactures point-of-care blood analyzers for both humans and animals. The analyzers, marketed under the name Piccolo® for the human medical market and under the name VetScan® for the veterinary market, are designed for portability and require minimal training. Able to provide on-the-spot results, the analyzers come with the reagent disc necessary to perform several of the most common blood tests. The Piccolo analyzer, introduced in November 1995, contained two reagent discs: Primary Health Panel, a nine-test reagent disc, and a General Health Panel, a 12-test reagent disc. The…

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