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Monarch Community Bancorp (Nasdaq: MCBF) $2.26, Up $0.93. Announced Tuesday after market close that it returned to profitability in the fourth quarter of 2010, after six successive quarters of losses. Net income for the quarter was $76,934, compared to a loss of $(17.5) million for the same period a year ago. Basic and diluted earnings (loss) per share in the fourth quarter of 2010 were $.04, compared to ($8.90) reported for the fourth quarter of 2009. For the year, net loss in 2010 was $(10.8) million compared to net loss of $(19.7) million in 2009. Basic and diluted loss per share for the full year were $(5.44) in 2010 compared to $(10.03) in 2009. Improvement in net income reflects continued improvement in the quality of the loan portfolio and increasing traction from the Bank's focus on problem loan resolution.
What They Do: Monarch Community Bank is headquartered in Coldwater, Michigan and operates five full service retail offices in Branch, Calhoun and Hillsdale counties.
Buckeye Technologies (NYSE: BKI) $24.68, Up $3.57. Announced Tuesday after market close second quarter net income of $17.1 million or $0.42 per share. Second quarter earnings included after-tax costs relating to early retirement of debt, restructuring, and accrued interest associated with the cellulosic biofuel credit totaling $3.2 million, or $0.08 per share. This compared to net income of $46.3 million or $1.18 per share in the prior year comparable period, which included net income of $37.5 million, or $0.96 per share, from alternative fuel mixture credits (“AFMC”).
What They Do: Buckeye, a leading manufacturer and marketer of specialty fibers and nonwoven materials, is headquartered in Memphis, Tennessee, USA. The Company currently operates facilities in the United States, Germany, Canada, and Brazil. Its products are sold worldwide to makers of consumer and industrial goods.
MicroStrategy (Nasdaq: MSTR) $108.19, Up $15.18. Announced Tuesday after market close that financial results for the three-month period ended December 31, 2010 (the fourth quarter of its 2010 fiscal year).
Fourth quarter 2010 revenues were $139.1 million, the highest quarterly total revenues in Company history, versus $105.8 million for the fourth quarter of 2009, a 32% increase. Product licenses revenues for the fourth quarter of 2010 were $47.7 million versus $30.0 million for the fourth quarter of 2009, a 59% increase. Product support and other services revenues for MicroStrategy's core business intelligence (BI) business in the fourth quarter of 2010 were $85.8 million versus $71.5 million for the fourth quarter of 2009, a 20% increase.
Operating expenses for the fourth quarter of 2010 were $87.4 million versus $59.8 million for the fourth quarter of 2009, a 46% increase. The increase in operating expenses was primarily due to an increase in the Company's worldwide employee headcount and related expenses, and to an increase in variable compensation resulting from the increase in revenue.
Net income for the fourth quarter of 2010 was $17.9 million, or $1.60 per share on a diluted basis, compared to $20.5 million, or $1.66 per share on a diluted basis, for the fourth quarter of 2009.
What They Do: MicroStrategy is a global leader in business intelligence (BI) technology.
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