Earnings Reported After The Bell, March 8

(RTTNews) - Here is a quick summary of few earnings reported after the bell on March 8.

W&T Offshore Inc. (WTI)

Q4 revenues declined to $104.1 million from $196.7 million in the fourth quarter of 2014.

Q4 net loss was $51.6 million, or $0.68 per share, compared to net loss of $33.4 million, or $0.44 per share last year.

Q4 net loss, excl. spl. Items, $33.4 million, or $0.44 per share versus loss $40.5 million, or $0.54 per share last year.

Consensus - loss $0.83 per share on revenue of $122.53 million

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Air Transport Services Group Inc. (ATSG)

Q4 income from cont. ops. was $13.3 mln or $0.21/Shr versus $6.7 mln or $0.10/Shr last year; Consensus - $0.19/Shr.

Q4 net income was $14.7 mln or $0.23/Shr versus $3.7 mln or $0.06/Shr last year.

Q4 revenues rose to $181.6 mln from $157.9 mln prior year; Consensus - $157.22 mln.

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Manhattan Bridge Capital Inc. (LOAN)

Net income for the year ended December 31, 2015 was approximately $2,238,000, or $0.33 per share, versus approximately $1,455,000, or $0.29 per share for the year ended December 31, 2014.

Total revenue for the year ended December 31, 2015 was approximately $4,001,000 compared to approximately $2,904,000 for the year ended December 31, 2014, an increase of $1,097,000 or 37.8%.

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Amedisys Inc. (AMED)

Q4 GAAP net income from continuing operations attributable to Amedisys was $12.9 mln versus $9.1 mln last year.

Q4 GAAP EPS from cont. ops. was $0.38 versus $0.28 last year.

Q4 adj. net income from cont. ops. attributable to Amedisys was $13.4 mln versus $9.0 mln in 2014.

Q4 adj. net income from cont. ops. attributable to Amedisy was $0.40 versus $0.27 last year.

Q4 net service revenue was $337.3 million versus $300.5 million in 2014.

Consensus - $0.35 earnings per share and revenue $322.01 million

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Ocean Rig UDW Inc. (ORIG)

Q4 net loss was $174.4 million or $1.26/Shr versus profit $87.5 mln or $0.66/Shr last year.

Q4 revenues decreased to $475.7 mln from $499.4 mln last year.

Consensus - $0.78 earnings per share and $481.15 million revenues

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DryShips Inc. (DRYS),

Q4 net loss was $527.6 mln or $0.79/Shr versus loss $24 mln or $0.04/Shr last year.

Q4 revenues plunged to $23.8 mln from $598.4 mln last year.

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Phoenix New Media Limited (FENG)

Total revenues for the fourth quarter of 2015 were RMB430.8 million (US$66.5 million), as compared to RMB438.1 million in the fourth quarter of 2014.

Net income attributable to Phoenix New Media Limited for the fourth quarter of 2015 was RMB41.1 million (US$6.3 million), as compared to RMB46.9 million in the fourth quarter of 2014.

Net income per ADS in the fourth quarter of 2015 was RMB0.57 (US$0.09), as compared to RMB0.63 in the fourth quarter of 2014.

Adjusted net income attributable to Phoenix New Media Limited for the fourth quarter of 2015, which excludes share-based compensation, loss from equity investments and impairment of equity investments, was RMB44.9 million (US$6.9 million), as compared to RMB62.7 million in the fourth quarter of 2014.

Adjusted net income per diluted ADS in the fourth quarter of 2015 was RMB0.62 (US$0.10), as compared to RMB0.84 in the fourth quarter of 2014.

Consensus - earnings RMB 0.44/Shr and revenue RMB 373.65 mln

Looking ahead, for the first quarter of 2016, the company expects its total revenues to be between RMB290 million and RMB305 million. Net advertising revenues are expected to be between RMB245 million and RMB255 million. Paid service revenues are expected to be between RMB45 million and RMB50 million.

Consensus - revenue RMB 1.71 bln

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ABM (ABM)

Q1 revenues rose 6.2% to $1.3 bln from $1.2 bln last year

Q1 Income from continuing operations was $13.6 mln or $0.24/Shr versus $14.3 mln or $0.25/Shr last year.

Q1 adj. Income from cont. ops. was $21.6 mln or $0.38/Shr versus $18.2 mln or $0.32/Shr last year.

Q1 analysts estimate - $0.26 per share on revenue of $1.26 billion

Fiscal 2016 Guidance

Based on the retroactive reinstatement of the calendar 2015 Work Opportunity Tax Credit (WOTC), and the impact of the 2016 WOTC, the company now expects adjusted income from continuing operations of $1.50 - $1.60 for fiscal year 2016.

FY16 consensus - $1.46 per share on revenue of $5.24 billion

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Global Brass and Copper Holdings Inc. (BRSS)

Net sales for the fourth quarter of 2015 decreased to $323.4 million from $390.3 million in the fourth quarter of 2014.

Net income attributable to Global Brass and Copper Holdings, Inc. for the fourth quarter of 2015 was $3.5 million, or $0.16 per share, compared to $2.8 million, or $0.13 per share, for the same period of 2014.

Adjusted earnings per common share was $0.28 for the fourth quarter of 2015 and remained unchanged versus the prior year comparable period.

Consensus - $0.23 per share on revenue of $334.63 million

2016 Guidance

For the full-year 2016, GBC expects:

Shipment volumes to range from 510 million pounds to 545 million pounds; and Adjusted EBITDA to range from $115 million to $125 million.

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Blueknight Energy Partners, L.P. (BKEP)

Q4 revenue was $43.9 mln versus $46.0 mln last year.

Q4 net loss was $16.9 mln or $0.65 per share versus profit $8.8 mln or $0.10 per share last year.

Consensus - $0.05 per share on revenue of $44.72 million

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Systemax Inc. (SYX)

Q4 net sales declined to $465.3 mln from $552,0 mln last year

Q4 non-GAAP net sales rose to $465.8 mln from $454.2 mln last year.

Q4 GAAP net loss from cont. ops. was $11.6 mln or $0.31/Shr versus loss $21.8 mln or $0.59/Shr last year.

Q4 non-GAAP income from cont. ops. was $0.2 mln or $0.01/Shr versus $1.1 mln or $0.03/Shr last year.

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CNinsure Inc, (CISG)

Total net revenues were RMB860.0 million (US$132.8 million) for the fourth quarter of 2015, representing an increase of 35.9% from RMB632.6 million for the corresponding period in 2014.

Net income attributable to the company's shareholders was RMB55.1 million (US$8.5 million) for the fourth quarter of 2015, representing an increase of 103.5% from RMB27.1 million for the corresponding period in 2014.

Earnings per ADS were RMB 0.91 (US$0.14) for the fourth quarter of 2015, representing an increase of 75.0% from RMB0.52 last year.

Adjusted EBITDA was RMB49.5 million (US$7.6 million) for the fourth quarter of 2015, representing an increase of 121.7% from RMB22.3 million for the corresponding period in 2014.

Adjusted EBITDA per ADS was RMB0.82 (US$0.13) for the fourth quarter of 2015, representing an increase of 90.7% from RMB0.43 for the corresponding period in 2014.

Business Outlook

CNinsure expects its total net revenues to grow by about 30% for the first quarter of 2016 compared with the corresponding period in 2015. This forecast reflects CNinsure's current view, which is subject to change.

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NCI Building Systems, Inc. (NCS)

Q1 sales rose to $370.0 mln from $322.9 mln prior year.

Q1 net income was $5.8 mln or $0.08/Shr versus loss $320K or $0.00/Shr last year.

Consensus - $0.02 per share on revenue of $363.52 million

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AeroVironment, Inc. (AVAV)

Revenue for the third quarter of fiscal 2016 was $67.6 million, a decline from third quarter fiscal 2015 revenue of $68.4 million.

Net income for the third quarter of fiscal 2016 was $6.2 million, including a $1.1 million tax benefit, compared to net income for the third quarter of fiscal 2015 of $2.3 million.

Earnings per share for the third quarter of fiscal 2016 were $0.27 compared to earnings per share for the third quarter of fiscal 2015 of $0.10.

Consensus - $0.05 per share on revenue of $70.35 million

FY16 Guidance

For fiscal 2016, the company continues to expect revenue of between $260 million and $280 million and is raising its gross profit margin guidance range to between 38% and 39.5%. Planned increases in strategic R&D and SG&A investments for Commercial UAS in fiscal 2016 may largely offset operating profit in the current fiscal year.

FY16 consensus - $270.93 million revenues.

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Atento S.A. (ATTO)

Q4 revenue declined to $457.8 mln from $555.1 mln last year.

Q4 net income was $5.4 mln versus loss $25.9 mln last year.

Q4 EPS was $0.07 versus loss $0.35/Shr last year.

Q4 adj. net income was $23.1 mln versus $26.4 mln last year.

Q4 adj. EPS was $0.31 versus $0.36 last year.

Consensus - $0.32 per share on revenue of $451.66 million

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Rigel Pharmaceuticals, Inc. (RIGL)

Q4 revenues was $8.5 mln versus $8.3 mln last year.

Q4 net loss was $12.7 mln or $0.14/Shr versus loss $22.3 mln or $0.25/Shr last year.

Consensus - loss $0.14/Shr on revenue of $8.90 million.

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Natera Inc. (NTRA)

Generated total revenue was $52.9 million in the fourth quarter of 2015 compared to $49.9 million in the fourth quarter of 2014, an increase of 6.0%.

Net loss for the three months ended December 31, 2015 was $23.0 million, or ($0.47) per share, compared to net income of $1.3 million, all of which was distributed to preferred shareholders. Therefore, there the company has no earnings applicable to common shareholders for the same period in 2014.

Consensus - loss $0.64 per share on revenue of $45.26 million

2016 Financial Outlook

Natera anticipates 2016 total revenue of $190 million - $220 million; 2016 cost of product revenues to be approximately 60% - 65% of revenues; selling, general and administrative costs to be approximately $120 million - $130 million; research and development costs to be $45 million - $50 million, and net cash burn to be $80 million - $90 million

Consensus - $222.50 million

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Bridgepoint Education, Inc. (BPI)

Revenue for the fourth quarter of 2015 was $131.4 million, compared with revenue of $147.3 million for the fourth quarter of 2014.

Net loss for the fourth quarter of 2015 was $6.7 million, compared with net loss of $5.2 million for the fourth quarter of 2014.

Loss per share was $0.15, compared to a loss of $0.12 for the fourth quarter of 2014.

Non-GAAP net income for the fourth quarter of 2015 was $2.0 million, compared with non-GAAP net income of $5.3 million for the fourth quarter of 2014.

Non-GAAP earnings per share was $0.04 versus $0.12 for the fourth quarter of 2014.

Consensus - loss $0.03 per share on revenue of $127.16 million

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Penumbra, Inc. (PEN)

Total revenue grew to $54.4 million for the fourth quarter of 2015 from $35.4 million last year.

Net income for the fourth quarter of 2015 was $1.6 million, compared to $0.4 million for the fourth quarter of 2014.

Q4 EPS was $0.05 versus $0.01 last year.

Full Year 2016 Financial Outlook

Penumbra projects total revenue for 2016 to be in the range of $230 million - $235 million.

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Primo Water Corporation (PRMW)

Net sales increased 6.5% to $31.5 million from $29.6 million in the prior year quarter, driven by an increase in Water segment net sales.

The U.S. GAAP net income from continuing operations increased to $0.3 million, or $0.01 per share, from a loss of $3.5 million, or $(0.14) per share, in the prior year quarter.

Pro forma adjusted earnings from continuing operations was $1.3 million, or $0.04 per share up from $0.3 million, or $0.01 per share, in the prior year quarter.

Outlook

For fiscal 2016, the company expects net sales of $132.0 million - $134.0 million and adjusted EBITDA of $21.3 million - $22.2 million.

The company expects first quarter 2016 net sales of $30.3 million - $31.0 million and adjusted EBITDA of $4.4 million - $4.8 million.

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Smith Micro Software, Inc. (SMSI)

Smith Micro reported revenues of $10.0 million for the fourth quarter ended December 31, 2015, compared to $10.6 million reported in the fourth quarter of 2014.

GAAP net loss was $591,000, or $0.01 loss per share, for the fourth quarter of 2015, compared to GAAP net income of $205,000, or $0.00 earnings per share, for the fourth quarter of 2014.

Non-GAAP net income for the fourth quarter of 2015 was $4,000, or $0.00 earnings per share, compared to non-GAAP net income of $492,000, or $0.01 earnings per share, for the fourth quarter of 2014.

Consensus - loss $0.00 per share on revenue of $9.94 million

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Renewable Energy Group, Inc. (REGI)

Q4 revenue was $387.8 mln versus $337.6 mln last year.

Q4 net loss $95.6 mln or $2.18 per share versus profit $69.4 mln or $1.61 per share last year.

Consensus - $0.84 per share on revenue of $303.38 million

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Amplify Snack Brands, Inc. (BETR)

Net sales increased 40.3% to $46.4 million compared to $33.0 million in the three months ended December 31, 2014.

GAAP net income was $4.4 million, or $0.06 per share, compared to pro forma net income of $2.3 million, or $0.03 per share, for the three months ended December 31, 2014.

Adjusted net income was $9.5 million, or $0.13 per share, compared to pro forma adjusted net income of $6.4 million for the three months ended December 31, 2014, or $0.09 per share.

Consensus - $0.13 per share on revenue of $55.75 million

Outlook

For full year 2016 the company expects to report:

Net sales of $231.0 million - $237.0 million, an increase of 25.6% - 28.9%, compared to 2015

Adjusted EBITDA of $87.0 million - $91.0 million, an increase of 16.2% - 21.5%, compared to 2015

Adjusted EPS of $0.61 - $0.64, an increase of 19.6% - 25.5%, compared to 2015

Consensus - $0.57 per share on revenue of $230.97 million

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Corindus Vascular Robotics, Inc. [CVRS]

Revenues for the fourth quarter of 2015 were $0.8 million compared to $0.6 million for the same period in the prior year.

Net loss was $7.2 million for the fourth quarter of 2015, compared to a loss of $6.5 million for the fourth quarter of 2014.

Q4 loss per share was $0.06 versus loss $0.06 last year.

Consensus - loss $0.06 per share on revenue of $1.25 million

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TearLab Corporation (TEAR)

Q4 revenue rose to $6.8 mln versus $5.3 mln last year.

Q4 net loss was $8.9 mln or $0.26/Shr versus loss $6.9 mln or $0.21/Shr last year.

Consensus - loss $0.25 per share on revenue of $6.83 million

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WaferGen Bio-systems, Inc. (WGBS)

Net loss attributable to common stockholders for the three months ended December 31, 2015, was $7.9 million, or $0.57 per share, compared to a net loss of $3.3 million, or $0.58 per share, in the same period of 2014.

Total revenue for the three months ended December 31, 2015, comprising product, license and royalty revenue, was approximately $2.4 million, compared to approximately $1.6 million for the prior year period.

2016 Guidance

WaferGen continues to expect full-year 2016 revenue to be between $12.0 million and $13.0 million.

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MGC Diagnostics Corporation (MGCD),

First quarter 2016 revenue increased by 3.4% to $9.3 million, compared to $8.9 million in the prior year period.

The Company incurred a first quarter net loss of ($4,000) or ($0.00) per share, compared to a net loss of ($541,000), or ($0.13) per share in the prior year period.

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U.S. Auto Parts Network, Inc. (PRTS)

Net sales in the fourth quarter of 2015 decreased 4% to $67.5 million compared to $70.5 million in the year-ago quarter.

Net loss in the fourth quarter was $0.1 million, compared to a net loss of $2.0 million in the year-ago quarter.

Q4 loss per share was $0.80 versus loss $2.61 per share last year.

Consensus - loss $0.02 per share on revenue of $70.78 million

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Blue Buffalo Pet Products, Inc. (BUFF)

Net income decreased $11.5 million, or 54.4%, to $9.6 million, or $0.05 per share in the fourth quarter of 2015, as compared to $21.2 million, or $0.11 per share, in the fourth quarter of 2014.

Adjusted Net Income increased 35.2%, to $31.3 million from $23.1 million in the fourth quarter of 2014. Adjusted Earnings Per Share in the fourth quarter of 2015 increased 35.2% to $0.16 from $0.12 in the fourth quarter of 2014.

Net sales increased 11.4%, to $265.2 million from $238.1 million last year, driven primarily by volume growth.

Consensus - $0.17 per share on revenue of $275.37 million

Full Year 2016 Outlook

For the full year 2016, the Company expects to deliver net sales between $1,120 million and $1,140 million and Adjusted Earnings Per Share of $0.72 to $0.74.

FY16 consensus - $0.70 per share on revenue of $1.13 billion.

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TheStreet, Inc. (TST)

Revenue for the fourth quarter of 2015 was $17.0 million, a decrease of $0.3 million, or 2%, from $17.3 million in the prior year.

Excluding revenue associated with Management Diagnostics Limited ("MDL"), which was acquired on October 31, 2014 and therefore contributed only two months of revenue during 2014, revenue totaled $14.5 million, a decrease of $1.1 million, or 7%, from $15.7 million in the prior year.

Net loss attributable to common stockholders for the fourth quarter of 2015 was $0.3 million compared to a net loss attributable to common stockholders of $1.7 million in the prior year.

The Company reported net loss per share attributable to common stockholders of $0.01 for the fourth quarter of 2015 compared to a net loss per share attributable to common stockholders of $0.05 for the prior year.

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ZAGG Inc. (ZAGG)

Q4 net income was $5.0 million compared to $13.0 million in the fourth quarter of 2014, with earnings per share of $0.18 compared to $0.43, respectively.

Consensus - $0.24 per share.

Net sales for the fourth quarter were $78.6 million compared to $102.4 million in 2014; Consensus - $82.94 million.

Looking ahead, the company projects fiscal 2016 net sales in the range of $460 million - $500 million, gross profit margin in a range of low to mid 30's, adjusted EBITDA of $60 million - $65 million, and annual effective tax rate to be about 40%. Analysts are looking for revenue of $287.37 million for 2016.

Consolidated annual guidance for 2016 includes about ten months of operations from mophie - from the acquisition date of March 3, 2016 through December 31, 2016.

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Cerus Corporation (CERS)

Product revenue for the fourth quarter of 2015 was $9.7 million compared to revenue for the same period in 2014 of $9.6 million.

Net loss for the fourth quarter of 2015 was $14.8 million, or $0.15 per diluted share, compared to a net loss of $20.2 million, or $0.26 per diluted share, for the fourth quarter of 2014.

Consensus - loss $0.16 per share on revenue of $9.09 million

Looking ahead, the Company expects 2016 global revenue in the range of $37 million to $40 million.

Consensus - $44.48 million

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Charles & Colvard, Ltd. (CTHR)

Fourth quarter 2015 sales were $8.4 million compared with $7.2 million in the year-ago fourth quarter, an increase of 16%.

Net loss for the fourth quarter was $1.9 million, or $0.09 per share, compared with a net loss of $2.8 million, or $0.14 per share, in the year-ago fourth quarter.

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