Earnings After The Bell - Nov. 24

(RTTNews) - Here is a quick summary of the earnings reported after the bell on Nov. 24.

1. Amira Nature Foods Ltd (ANFI) reported net income for the second quarter of $8.3 million or $0.29 per share, compared to $5.0 million or $0.18 per share for the year-ago quarter.

Excluding items, adjusted earnings per share for the second quarter was $0.29, compared to $0.18 in the prior year quarter.

Revenue for the second quarter rose 30.9% to $141.4 million from $108.0 million a year ago, mainly due to increases in sales volume, pricing and mix in Amira branded and third party branded sales.

Analyst polled by Thomson Reuters expected the company to earn $0.32 per share on revenue of $132.37 million for the second quarter.

The company reiterated its previously-issued guidance and expects full-year fiscal 2015 revenue and adjusted EBITDA growth in excess of 20%.

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2. Sungy Mobile Limited (GOMO), a provider of mobile internet products and services, said third-quarter net income fell to 4.4 million yuan ($0.7 million) from 27.5 million yuan in the prior year period.

Net income, excluding the impact of the GetJar acquisition, was 12.7 million yuan, while it totaled 27.5 million yuan in the prior year period.

Earnings per ADS were 0.13 yuan, as compared with 0.55 yuan last year. Adjusted earnings per ADS were 0.59, as compared with 0.73 reported in the previous year.

Total revenues increased to 97.3 million yuan from 90.7 million yuan in the prior year period.

Revenues from mobile application products and services increased to 48.8 million yuan from 41.6 million yuan reported last year.

Total average monthly active users of GO series products increased 11.5 percent to 97 million.

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3. Violin Memory, Inc., (VMEM)

Third quarter fiscal 2015 revenue was $21.7 million, 23% lower than the $28.3 million recorded in the third quarter of fiscal 2014.

Third quarter fiscal 2015 GAAP net loss was $23.5 million, or $0.25 per share, compared to GAAP net loss of $34.1 million, or $0.85 per share a year ago.

Third quarter fiscal 2015 non-GAAP net loss was $17.8 million, or $0.19 per share, compared to third quarter fiscal 2014 non-GAAP net loss of $25.7 million, or $0.64 per share.

Analysts expected the company to report net loss of $0.20 per share on revenues of $20.23 million for the period.

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4. Nuance Communications Inc (NUAN), a provider of voice and language solutions, Monday reported fourth-quarter net loss of $1.5 million or $0.00 per share compared with a loss of $32 million or $0.10 per share last year.

Excluding items, adjusted earnings for the quarter were $0.33 per share compared with earnings of $0.30 per share a year ago.

Revenues for the quarter were $502 million compared with $472 million in the prior year.

Adjusted revenues for the quarter were $520 million compared with $490 million a year ago.

Analysts polled by Thomson Reuters estimated earnings of $0.27 per share on revenues of $510.8 million for the quarter. Analysts' estimates typically exclude special items.

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5. Palo Alto Networks Inc (PANW) reported first-quarter net loss of $30 million or $0.38 per share compared with a loss of $7.9 million or $0.11 per share last year.

Excluding items, adjusted earnings for the quarter were $0.15 per share compared with earnings of $0.08 per share a year ago.

Revenues for the quarter were $192 million compared with $128 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.12 per share on revenues of $181.7 million for the quarter. Analysts' estimates typically exclude special items.

For the second quarter, the company expects adjusted earnings of $0.16 to $0.17 per share on revenues of $200 million to $204 million. Analysts expect earnings of $0.16 per share on revenues of $198 million.

Palo Alto Networks provides enterprise security platform to enterprises, service providers, and government entities.

*** 6. Workday, Inc. (WDAY) reported a net loss for the third quarter of $59.9 million or $0.33 per share, compared to a net loss of $47.5 million or $0.27 per share for the year-ago quarter.

Excluding items, adjusted net loss for the third quarter was $5.3 million or $0.03 per share, compared to an adjusted net loss of $21.3 million or $0.12 per share in the prior year quarter.

Total revenues for the third quarter rose 68% to $215.07 million from $127.87 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.10 per share on revenue of $205.27 million for the third quarter. Analyst' estimates typically exclude special items.

Looking ahead, the company forecasts fourth quarter total revenues to be within a range of $219 million and $222 million, or growth of 54% to 56% as compared to the prior year. Analysts currently expect the company to post revenue of $220.45 million for the fourth quarter.

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7. Brocade Communications Systems Inc (BRCD) reported fourth-quarter net earnings of $83.4 million or $0.19 per share compared with $64.2 million or $0.14 per share last year.

Excluding items, adjusted earnings for the quarter were $0.24 per share.

Revenues for the quarter were $564.4 million compared with $558.8 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.23 per share on revenues of $562 million for the quarter. Analysts' estimates typically exclude special items.

Brocade declared a quarterly cash dividend of $0.035 per share.

Brocade Communications Systems provides Internet protocol based networking solutions and storage area networking solutions to businesses and organizations.

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8. Aegean Marine Petroleum Network Inc (ANW) reported third-quarter net loss of $4.3 million or $0.09 per share compared with a profit of $7.3 million or $0.16 per share last year.

Adjusted for the sale of non-core assets, earnings for the quarter were $0.20 per share.

Revenues for the quarter were $1.81 billion compared with $1.6 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.21 per share on revenues of $1.76 billion for the quarter. Analysts' estimates typically exclude special items.

Volume of marine fuel sold by the company for the quarter rose 18.5% year-over to 2.96 million metric tons. ***

9. Dycom Industries Inc (DY), a provider of specialty contracting services, Monday reported first-quarter net earnings of $20.8 million or $0.59 per share compared with $18.7 million or $0.54 per share last year.

Revenues for the quarter were $510.4 million compared with $512.7 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.50 per share on revenues of $500.9 million for the quarter. Analysts' estimates typically exclude special items.

For the second quarter, the company expects earnings of $0.07 to $0.14 per share on revenues of $410 million to $430 million. Analysts expect earnings of $0.08 per share on revenues of $412 million.

Dycom provides engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, and other construction services to electric and gas utilities.

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10. KongZhong Corporation (KZ)

Q3 Total revenues were US$ 60.14 mn, an increase of 36.4% from the same period last year.

Q3 Net income was US$ 3.50 mn, or US$ 0.08 per ADS vs net loss of $2.68 mln or $0.06 per share a year ago.

Q3 Non-GAAP net income was US$ 7.79 mn or US$ 0.17 per share vs $1.5 mln or $0.03 per ADS a year ago.

Q4 Outlook

The Company expects total revenues for the fourth quarter of 2014 to be within the range of US$ 59 mn to US$ 60 mn.

The company expects net income to be in the range of US$ 9 mn to US$ 10 mn and Non-GAAP net income is expected to be in the ranghe of US$ 10 mn to US$ 11 mn.

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11. Qihoo 360 Technology Co. Ltd. (QIHU) reported net income for the third quarter of $57.7 million or $0.44 per ADS, compared to $44.5 million or $0.35 per ADS for the year-ago quarter.

Excluding items, adjusted net income for the third quarter was $89.5 million or $0.63 per ADS, compared to $61.5 million or $0.47 per ADS in the prior year quarter.

Revenues for the third quarter jumped 100.3% to $376.4 million from $187.9 million in the third quarter of last year.

Analysts polled by Thomson Reuters expected the company to earn $0.61 per ADS on revenue of $365.35 million for the third quarter. Analysts' estimates typically exclude special items.

Looking forward, the company forecasts fourth revenues of $410 million and $415 million, representing a year-over-year increase of 85% to 87%. Analysts currently expect the company to post revenue of $405.08 million for the fourth quarter.

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12. iKang Healthcare Group Inc (KANG) reported second-quarter net earnings to common stockholders of $15.5 million or $0.23 per American depositary share, or ADS. This compares with a loss of $2.7 million or $0.21 per ADS last year, when results included deemed dividend to preferred shareholders of $10.8 million.

Excluding items, adjusted earnings for the 2014 quarter were $0.24 per ADS.

iKang is the largest provider in China's private preventive healthcare services market in terms of revenue in 2013.

The company's revenues for the quarter were $79.6 million compared with $55 million in the prior year.

For the fiscal year ending March 2015, the company continues to expect revenues to be between $283 million and $290 million, representing a year-on-year increase between 40% and 43.4%. Analysts expect revenues of $288.5 million.

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13. Post Holdings Inc (POST), a consumer packaged goods holding company, Monday reported fourth-quarter net loss of $291.7 million or $5.86 per share compared with a loss of $3.2 million or $0.10 per share last year.

Results for the 2014 quarter included impairment charges of $295.6 million.

Excluding items, adjusted earnings for the quarter were $0.13 per share compared with $0.16 per share a year ago.

Revenues for the quarter were $1.04 billion compared with $291.7 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.07 per share on revenues of $980 million for the quarter. Analysts' estimates typically exclude special items.

Acquisitions contributed $794.6 million to sales, with strong contributions from Michael Foods, the company said.

On October 1,Post announced the completion of the acquisition of the PowerBar and Musashi brands and related worldwide assets from Nestle S.A. In addition on November 3, Post announced the closing of the American Blanching Co acquisition.

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14. Junk car auctioneer Copart, Inc. (CPRT) reported net income for the first quarter of $52.6 million or $0.40 per share, compared to $41.4 million or $0.32 per share for the year-ago quarter.

Total service revenues and vehicle sales for the first quarter rose 3.8% to $290.39 million from $279.88 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.37 per share on revenue of $293.71 million for the first quarter.

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