Dallas, TX 3/1/2010 11:30:35 PM
News / Business

Monday’s Notable Stock Earnings (DDS, DISH, EP)

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Dillard's, Inc. (Public, NYSE:DDS) soared 7.55% to $18.14 after it swung to fourth quarterly profit helped by higher margins, cost reduction and lower inventories. The company earned $79.5 million, or $1.08 per share, in the fourth quarter that ended January 30, 2010, compared with $149.3 million, or $2.03 cents a share, in a year ago period. However, sales fell 10% to $ $1.83 billion. It also reported fourth-quarter operating expense savings of $50.8 million and year-over-year inventory reduction of $73.7 million, or 5%.

 

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DISH Network Corp. (Public, NASDAQ:DISH) jumped 4.76% to $20.92 after the company reported posted a stronger-than-expected earnings driven by a increased number of subscribers. It earned net income came in at $179 million, or 40 cents a share, compared with $217 million, or 48 cents in the year-ago quarter, and revenue grew 1.4% to $2.96. Analysts were expecting the company to report earnings of 32 cents a share on revenue of $2.94 billion.

 

El Paso Corporation (Public, NYSE:EP) shares surged 2.60% to $10.74 after it reported today a fourth-quarter profit of $265 million, or $0.36 per share, from a loss of $1.69 billion, or $2.43 per share, in the year-ago period. Revenue declined to $1.19 billion from $1.34 billion for the same quarter last year. Analysts were expecting the company to report earnings of $0.26 per share and revenue of $1.24 billion.

 

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