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1-800-FLOWERS.COM (Nasdaq: FLWS) $2.55. Today announced revenues from continuing operations of $235.4 million for its fiscal 2011 second quarter ended December 26, 2010, compared with revenues from continuing operations of $238.5 million in the prior year period. The Company said the 1.3 percent decline reflected reduced wholesale order volume in the mass market channel as well as the loss of approximately $1.4 million of high-margin revenues associated with a third-party marketing program which the Company ended in December of 2009.
EBITDA from continuing operations for the quarter increased 6.6 percent, or $1.9 million, to $30.4 million compared with EBITDA of $28.5 million in the prior year period. This year-over-year increase was achieved despite the fact that the prior year period included approximately $1.4 million in EBITDA associated with the aforementioned discontinued third-party marketing program. Net income from continuing operations increased 6.3 percent, or approximately $800,000, to $13.5 million, or $0.21 per share, compared with net income from continuing operations of $12.7 million, or $0.20 per share, in the prior year period.
What They Do: 1-800-FLOWERS.COM, Inc. is the world’s leading florist and gift shop.
NEI (Nasdaq: NEI) $2.05. Today announced financial results for its first fiscal quarter, the period ended December 31, 2010.
Net revenues were a record $71.7 million, an increase of 63% compared to $44.1 million for the first fiscal quarter last year. The results exceeded the guidance of $59 to $64 million. Gross profit margin was 10.5 percent of net revenues, at the top end of the guidance of 10.0 to 10.5 percent and compared to 13.7 percent for the first fiscal quarter of the prior year.Operating expenses were $5.9 million, including $191,000 of stock-based compensation expense and $333,000 of amortization expense, and within the guidance range of $5.8 million to $6.4 million. Operating expenses compared to $5.9 million in the year-ago first quarter, which included $274,000 of stock-based compensation expense and $389,000 of amortization expense.
Net income on a GAAP basis was $1.4 million, or $0.03 per share, which included $228,000 of stock-based compensation expense and $333,000 of amortization expense. The results were better than guidance of $100,000 to $700,000 and compared to net income of $198,000, or $0.00 per share, which included $312,000 of stock-based compensation expense and $389,000 of amortization expense in the same period a year ago.
What They Do: NEI is a leading provider of server-based application platforms, appliances and lifecycle support services for software developers and OEMs worldwide.
Abington Bancorp (Nasdaq: ABBC) $11.66. Today announced net income of $1.9 million for the quarter ended December 31, 2010, compared to a net loss of $2.0 million for the quarter ended December 31, 2009. The Company's basic and diluted earnings per share were $0.11 and $0.09, respectively, for the fourth quarter of 2010 compared to basic and diluted loss per share of $0.10 for the fourth quarter of 2009. Additionally, the Company reported net income of $7.7 million for the year ended December 31, 2010, compared to a net loss of $7.2 million for the year ended December 31, 2009. Basic and diluted earnings per share were $0.41 and $0.39, respectively, for 2010 compared to basic and diluted loss per share of $0.36 for 2009.
What They Do: Abington Bancorp, Inc. is the holding company for Abington Bank. Abington Bank conducts business from its headquarters and main office in Jenkintown, Pennsylvania as well as 12 additional full service branch offices and seven limited service banking offices located in Montgomery, Bucks and Delaware Counties, Pennsylvania.
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