Earnings Reported After The Bell Jan. 14

(RTTNews) - Here is a quick summary of the earnings reported after the bell on Jan. 14.

1. SemiLEDs Corporation (LEDS) reported net loss of $4.3 million or $0.15 per share, compared with net loss of $5.4 million, or $0.19 per share, for the fourth quarter of fiscal 2014.

On a non-GAAP basis, net loss for the first quarter was $3.9 million, or $0.14 per share, compared with non-GAAP net loss of $5.0 million, or $0.17 per share for year ago quarter.

Revenue for the first quarter was $2.9 million, a 29% increase compared to $2.3 million in the fourth quarter of fiscal 2014.

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2. Birks Group Inc. (BGI) reported consolidated net sales for the third quarter of $97.6 million, as compared to $94.5 million during the third quarter of fiscal 2014.

Comparable store sales for the third quarter increased 11% from the previous year.

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3. Hill-Rom Holdings, Inc. (HRC) said Wednesday that it expects to report revenue of about $465 million for the first quarter ended December 31, 2014, an increase of about 18% compared to last year.

Analysts polled by Thomson Reuters expect the company to post revenue of $453.59 million for the first quarter.

The company's North America Acute Care revenue grew about 10% to about $225 million. International segment revenue fell 9% to about $114 million, due mainly to delayed tenders in Europe.

Surgical and Respiratory Care revenue doubled to about $126 million in the first quarter, mainly due to the acquisition of Trumpf Medical, which closed August 1, 2014.

Hill-Rom will release its full first quarter results and financial outlook on February 3, 2015.

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4. Regency Centers Corp. (REG) said Wednesday that it expects Core Funds From Operations for the fourth quarter of 2014 to be in the range of $0.70 to $0.72 per share and Fund From Operations for the quarter to be in the range of $0.76 to $0.79 per share.

the company affirmed its full year 2014 Core FFO guidance of $2.81 to $2.83 per share and FFO guidance of $2.88 to $2.91 per share.

Analysts polled by Thomson Reuters expect the company to report FFO of $0.71 per share for the fourth quarter and $2.82 per share for the full year 2014. Analysts' estimates typically exclude special items.

The company also said its Board of Directors has declared a quarterly cash dividend on the company's common stock of $0.485 per share, which represents an increase of 3.2%. The dividend is payable on March 5 to shareholders of record as of February 23.

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5. Bank Mutual Corporation (BKMU) reported net income of $3.8 million or $0.08 per share in the fourth quarter, which was a 42.3% improvement over net income of $2.7 million or $0.06 per share in the same quarter a year ago.

Q4 net interest income was $17.92 million compared with $17.19 million a year ago.

Analysts expected the company to report net income of $0.08 per share on revenues of $23.80 million for the period.

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6. Jewett-Cameron Trading Company Ltd. (JCTCF) reported first quarter net income of $327,787, or $0.12 per share, compared with $332,579, or $0.11 per share, for the year ago quarter.

Sales were $7.98 million for the first quarter of fiscal 2015 compared to $8.01 for the first quarter of fiscal 2014.

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7. eHealth Inc (EHTH), the largest private health insurance exchange, on Wednesday said it now expects fiscal 2014 adjusted loss of $0.13 to $0.04 per share and revenues of $178 to $180 million. Earlier it expected adjusted earnings of $0.30 to $0.43 per share and revenues of $185 million to $194 million for the year.

Analysts polled by Thomson Reuters expect earnings of $0.05 per share on revenues of $187.2 million for the year. Analysts' estimates typically exclude special items.

For the fourth quarter, the company expects adjusted loss of $0.56 to $0.47 per share and revenues of $43 million to $45 million. Analysts estimate a loss of $0.11 per share on revenues of $52.6 million for the quarter.

Gary Lauer, chief executive officer of eHealth, said that during the fourth quarter, the company spent considerably more on Medicare marketing than we planned.

Further Lauer said that in the company's Individual & Family Plan (IFP) business, submitted IFP applications fell short of expectationso.

"Because we've historically experienced consumer demand in our market increase around major application deadlines, we expect to see strong IFP application volumes during the second half of this Open Enrollment Period and especially in the first two weeks of February just before it ends on February 15th," Lauer said.

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8. Greif Inc (GEF), an industrial packaging products company, on Wednesday reported fourth-quarter net earnings of $8.7 million or $0.15 per Class A share compared with $38 million or $0.65 per share last year.

The company said results were lower than expected, primarily due to asset impairment charges in the Flexible Products & Services segment, the negative impact of foreign currency translation and a decrease in selling prices.

Excluding one-time items, adjusted earnings for the quarter were $0.85 per share. Analysts polled by Thomson Reuters estimated earnings of $0.77 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were $1.05 million compared with $1.09 million in the prior year.

Analysts estimated revenues of $1.14 billion for the quarter.

For the full year 2015, the company expects adjusted earnings of $2.25 to $2.35 per share, while analysts expect $2.78 per share.

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9. Skyline Inc. (SKY) reported second quarter net profit from continuing operations of $81,000 as compared to a net loss of $739,000 from continuing operations in the year ago quarter.

Q2 Net sales from continuing operations were $49.67 million, an increase of 27% over net sales of $39.21 million from continuing operations in the year ago quarter.

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10. Air filter maker Clarcor Inc (CLC) on Wednesday reported fourth-quarter net earnings of $43.5 million or $0.86 per share compared with $32.9 million or $0.65 per share last year.

Revenues for the quarter were up 39% at $413.4 million compared with $297.8 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.85 per share on revenues of $416 million for the quarter. Analysts' estimates typically exclude special items.

For the full year 2015, the company expects earnings of $3.15 to $3.35 per share on revenues of $1.62 billion to $1.65 billion. Analysts expect earnings of $3.33 per share on revenues of $1.65 billion.

Clarcor said changes in foreign currency exchange rates are expected to negatively impact 2015 sales by about $30 million earnings per share by about $0.05.

CLC closed Wednesday at $61.45, down $0.18 or 0.29%, on a volume of 433k shares on the NYSE. In after hours, the stock dropped $1.45 or 2.36%.

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11. Performance Sports Group (PSG) on Wednesday reported second-quarter net earnings of $1 million or $0.02 per share compared with $3.4 million or $0.09 per share last year.

Excluding items, adjusted earnings for the quarter were $0.24 per share compared with $0.20 per share a year ago.

Revenues for the quarter were $172.3 million compared with $117 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.20 per share on revenues of $160.5 million for the quarter. Analysts' estimates typically exclude special items.

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12. H.B. Fuller Co. (FUL) reported that its net income attributable to the company for the fourth quarter of 2014 declined to $10.8 million, or $0.21 per share, from $21.9 million, or $0.43 per share, in last year's fourth quarter.

Adjusted earnings per share in the fourth quarter of 2014 were $0.641, down slightly versus the prior year's adjusted result of $0.681. Relative to its guidance for the quarter, adjusted earnings per share were negatively impacted by $0.02 due to the stronger US dollar relative to the Euro and a slightly higher than expected tax rate in the quarter.

Net revenue for the fourth quarter of 2014 was $547.7 million, up 2.7 percent versus the fourth quarter of 2013. Higher volume and higher average selling prices positively impacted net revenue growth by 4.7 and 0.1 percentage points, respectively. Foreign currency translation negatively impacted net revenue growth by 2.1 percentage points. Organic revenue grew by 4.8 percent year-over-year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.64 per share and revenues of $550.40 million for the quarter. Analysts' estimates typically exclude special items.

In 2015, the company expects organic revenue growth of approximately 6 percent. Adjusted earnings per share for the 2015 fiscal year is planned at $2.60, with a plan to deliver $0.35 in the first quarter. Analysts expect the company to report earnings of $0.51 per share for the first-quarter, and $2.96 per share for fiscal 2015.

Looking ahead, the company said its long-term financial objectives remain unchanged: achieve organic revenue growth of between 5 and 8 percent per annum, increase our EBITDA margin to 15 percent, grow EPS by 15 percent per annum and increase Return on Invested Capital (ROIC) to 15 percent. Investments completed in 2014 combined with operational improvements and growth planned for 2015 will create a solid foundation to achieve its financial targets in 2016.

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13. Kingtone Wirelessinfo Solution Holding Ltd. (KONE), a China-based developer and provider of mobile enterprise solutions, Wednesday reported full year net loss of $1 thousand or $0 per share as compared to net loss of around $5.1 million or $3.65 per share in the prior year period.

Revenues decreased 46.5 percent to $6.2 million from $11.6 million in the prior year period.

Peng Zhang, CEO, said, "We are pleased with our cost-control process leading our significantly increased profit during the last fiscal year. Looking forward to Fiscal Year 2015, we expect revenue of $12.0 million to $15.0 million; net income of $0.5 million to $1.0 million. We are confident in accomplishing our goals in the next year."

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