Few companies reported their quarterly earnings after the US market closed Thursday’s trading on a mixed note. No major companies are scheduled to report their earnings tomorrow.
Some notable earners are discussed here.
Research in Motion Ltd. (Nasdaq: RIMM), a Canadian telecommunications and wireless device company best known as the developer of Blackberry smart phone, reported a decline in its fiscal first quarter net earnings to $695 million, or $1.33 per share, from $769 million, or $1.38 per share a year earlier. During the quarter, revenue rose by 16 percent to $4.9 billion. Analysts had forecasted earnings of $1.32 per share on revenue of $5.15 billion for the company. For the full year ending February 2012, the company expects earnings to be in the range of $5.25 to $6 per share, down from its previous forecast of $7.50 per share. Shares gained 0.45 percent or 16 cents to close at $35.47.
Culp Inc. (NYSE: CFI), a leading manufacturer and distributor of textile fabrics to the furniture and upholstery industries, registered net income of $6 million, or 45 cents per diluted share in its fiscal 2011 fourth quarter, compared with net income of $5.4 million, or 41 cents per share a year earlier. Analysts had forecasted earnings of 25 cents per share for the company. Net sales during the quarter were $60.4 million, up 5.5 percent from the corresponding quarter. Shares added 3.36 percent or 25 cents to trade at $7.68.
China Finance Online CO. Ltd. (Nasdaq: JRJC), China’s online financial information and services company, reported net income of $1.4 million, or 6 cents per diluted share in its fiscal first-quarter, compared with a net income of $0.14 million, or 1 cent per diluted share a year earlier. Net revenues were $15 million, compared with $15.2 million for the first quarter of 2010. Analysts had estimated earnings of 6 cents per share for the company. Shares were down 6.57 percent or 26 cents to trade at $3.70 in the after-hours trading.
