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DISH Network Corporation (Nasdaq: DISH) $15.31. Today announced total revenue of $2.91 billion for the quarter ended March 31, 2009, a 2.1 percent increase compared with $2.84 billion for the corresponding period in 2008.
Net income totaled $313 million for the quarter ended March 31, 2009, compared with $259 million during the corresponding period in 2008. Basic earnings per share were $0.70 for the quarter ended March 31, 2009, compared with basic earnings per share of $0.58 during the corresponding period in 2008.
What They Do: DISH Network Corporation, the nation's HD leader, provides approximately 13.584 million satellite TV customers as of March 31, 2009 with the highest quality programming and technology at the best value, including the lowest all-digital price nationwide.
AT&T Inc (NYSE: T) $25.25. Announced Friday it will buy the bulk of Alltel Wireless assets being divested by Verizon Communications Inc (NYSE: VZ) for $2.35 billion, and will sell some Centennial Communications Corp assets to Verizon Wireless for $240 million.
Under terms of the deal, AT&T will buy licenses, network assets and 1.5 million subscribers in 79 service areas, mostly rural areas in 18 states, the company said in a statement.
AT&T will buy mostly Alltel assets but will include some assets from Verizon Wireless and the former Rural Cellular Corp, AT&T said. The sale of the Centennial assets to Verizon is contingent upon AT&T's completion of its purchase of those assets, the statement said.
What They Do: AT&T Inc. operates as a communications holding company. Its subsidiaries and affiliates provide the AT&T brand services in the United States and internationally.
GTx, Inc. (Nasdaq: GTXI) $9.64. Today announced financial results for the first quarter of 2009. The net loss for the first quarter was $11.3 million compared with a net loss of $12.7 million for the same period in 2008. At March 31, 2009, GTx had cash, cash equivalents and short-term investments of $81.7 million.
What They Do: GTx, Inc., headquartered in Memphis, Tenn., is a biopharmaceutical company dedicated to the discovery, development, and commercialization of small molecules that selectively target hormone pathways to prevent and treat cancer, fractures and bone loss, muscle loss and other serious medical conditions.
Zhongpin (Nasdaq: HOGS) $10.15. Today announced financial results for the first quarter ended March 31, 2009. Revenues for the first quarter of 2009 increased 41.5%, to a record $153.8 million from $108.7 million in the first quarter of 2008. Gross profit for the first quarter of 2009 was $19.1 million, up 34.9% from $14.2 million in the first quarter of 2008. Gross margin was 12.4% in the first quarter of 2009 compared to 13.1% in the first quarter of 2008.
Income from operations in the first quarter of 2009 was $11.7 million, up 49.9 % from $7.8 million in the first quarter of 2008. Operating margin was 7.6% in the first quarter of 2009, compared to 7.2 % in the first quarter of 2008. Net income for the first quarter of 2009 was $9.7 million, or $0.33 per fully diluted share, compared to $7.3 million, or $0.24 per fully diluted share, for the first quarter of 2008.
What They Do: Zhongpin is a meat and food processing company that specializes in pork and pork products, and fruits and vegetables in the PRC.
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