OpenWave, Micros, Deckers OutDoor, Digital Riverposted by MR WAVETHEORY at 10/26/2006 03:40:00 PM
Even low tech companies like Deckers OutDoor Corporation (Nasdaq DECK) beat earnings. Deckers Outdoor Corp. after Thursday's closing bell reported third-quarter net earnings of $10.6 million, or 83 cents a share, up 30% from $8.15 million, or 63 cents a share, during the year-ago period. The Goleta, Calif.-based footwear company posted revenue of $82.3 million vs. $69.2 million. Analysts polled by Thomson First Call had forecast third-quarter earnings of 54 cents a share on revenue of $74 million. Additionally, Deckers said it now expects fourth-quarter per-share earnings of $1.27 to $1.30 on revenue of $107 million to $110 million. The company had previously forecast per-share earnings of $1.23 to $1.26 on revenue of $103 million to $106 million. For 2006, Deckers said it now sees per-share earnings of $2.75 to $2.78 on revenue of $287 million to $290 million.
Micros Systems Inc. (Nasdaq MCRS) which makes point of sales systems reported revenue for the quarter was $173.7 million, an increase of $21.7 million, or 14.3%, over the same period last year. Revenue exceeded consensus expectations and was above MICROS's first quarter guidance.
Finally, you have Digital River Inc. (Nasdaq DRIV). Digital River Inc., which builds and manages online businesses for more software publishers and other customers, said Thursday third-quarter earnings rose 20 percent and the company raised its full-year outlook. Quarterly net income climbed to $14.8 million, or 33 cents per share, compared to a profit of $12.4 million, or 31 cents per share during the same period last year. Excluding amortization of acquisition-related intangibles and stock-options expenses, the company earned 41 cents per share in the latest quarter.