Earnings Roundup: JASO, DPTR, FOSL, AIT, NXG
Tuesday, August 10, 2021 9:56 AM

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JA Solar Holdings Co., Ltd. (NASDAQ: JASO) said Tuesday that it swung to a second-quarter net income, helped by continued growing demand and improved margins. Net income totaled $28.9 million, or 18 cents per American Depositary share, compared to a loss of $28.5 million, or 18 cents per share, in the prior-year quarter. On an adjusted basis, the company earned 27 cents per share in the latest quarter. Revenue surged to $351.2 million from $88.6 million. Analysts, on average, expected the company to report earnings of 24 cents per share on revenue of $303.81 million. Gross margins increased to 23.1 percent in the second quarter, from 22.9 percent reported in the first quarter of 2010. The company also raised its full year 2010 shipment guidance from 1GW to 1.35GW. 

Delta Petroleum Corp. (NASDAQ: DPTR) said that its second quarter loss narrowed to $149.8 million, or 54 cents a share, compared with $172.3 million, or 89 cents a share, in the year-earlier quarter. Revenue jumped 73 percent to $36 million. Analysts, on average, expected the company to post a loss of 9 cents per share on revenue of $34.22 million.

Fossil, Inc. (NASDAQ: FOSL) reported Tuesday that its second-quarter net income climbed to $54.49 million, or 80 cents per share, from $16.62 million, or 25 cents per share, in the year-ago quarter. Revenue rose to $412.56 million from $315.87 million. Analysts, on average, expected the company to report earnings of 34 cents per share on revenue of $382.36 million. Looking ahead, the company boosted its fiscal 2010 earnings outlook to a range of $3.13 to $3.23 per share, up from its previous forecast in the range of $2.55 to $2.65 per share. Analysts currently expect the company to report earnings of $2.61 per share for fiscal 2010. For the third quarter of 2010, the Company expects reported net sales to increase in a range of 25% to 27% with constant dollar net sales increasing in a range of 27% to 29%, respectively. Third quarter 2010 earnings per share are expected to be in a range of 68 cents to 72 cents, and includes $0.02 of unfavorable currency impact related to the translation of an average stronger dollar compared to last year's third quarter. Analysts expect the company to report earnings of 63 cents per share on revenue of $423.06 million for the third-quarter.

Applied Industrial Technologies, Inc. (NYSE: AIT) said Tuesday that it swung to a fiscal fourth-quarter profit of $27.70 million, or 64 cents per share, compared to a loss of $8.03 million, or 19 cents per share, in the comparable quarter last year. Revenue rose to $523.07 million from $425.18 million. Analysts, on average, expected the company to report earnings of 39 cents per share on revenue of $498.83 million. Looking ahead, the company expects earnings per share for fiscal 2011 to be in the range of $1.70 to $1.95, on expected sales of $2.05 billion to $2.25 billion. Analysts currently expect the company to report $1.28 earnings per share on revenues of $1.87 billion for fiscal 2011.

Northgate Minerals Corp. (AMEX: NXG) reported that its second-quarter net income fell to $4.3 million, or 1 cent per share, from $5.4 million, or 2 cents per share, in the same quarter a year ago. On an adjusted basis, the company posted a net loss of 2 cents per share. Consolidated revenue declined to $122.7 million from $130.3 million. Analysts, on average, expected the company to report earnings of 3 cents per share on revenue of $125.35 million.

Disclosure: Author doesn't own any of the stocks discussed here.

 

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