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EARNINGS

 
Published July 24, 2002|Updated Sept. 3, 2005

Walter Industries Inc.

Despite a slight decline in revenues, the Tampa company said earnings rose 69 percent in the quarter ended June 30, or 17 percent after adjusting for a one-time accounting change. The reasons for the improved earnings included growing consumer preference for Walter's higher-priced homes, strengthened market demand for coal, and productivity gains across several product categories. The company forecast third-quarter earnings of 45 to 50 cents per share.

2nd Qtr Year Ago

Revenue $501.4-mil $516.8-mil

Net Income $24.2-mil $14.3-mil

Per Share 54 cents 32 cents

Digital Lightwave Inc.

The Clearwater company said sales for the quarter ended June 30 unexpectedly slumped further from its first quarter due to a delay in anticipated orders from large customers. Digital, which makes equipment to test and monitor high-speed fiber-optic cables, did not offer any guidance about when it might return to profitability. But it said it would need quarterly revenues of $22-million to break even, up from a break-even point of $13-million to $14-million last quarter. The net loss for the quarter included a $6-million reserve to cover excess inventory and a one-time litigation charge of $600,000.

2nd Qtr Year Ago

Revenue $4.2-mil $34.5-mil

Net Income ($12-mil) $9.3-mil

Per Share (38 cents) 28 cents

MarineMax Inc.

The Clearwater boat retailer said same-store sales and earnings each fell 6 percent during the quarter ended June 30 due to soft economic and market conditions. But the acquisition of three Gulfwind Marine stores in Sarasota boosted revenues slightly.

3rd Qtr Year Ago

Revenue $170.6-mil $165.5-mil

Net Income $7.7-mil $8.2-mil

Per Share 49 cents 54 cents

Health Management Associates Inc.

The Naples hospital chain said net income per patient rose 6.1 percent in the quarter ended June 30. HMA operates 43 hospitals in non-urban areas including Spring Hill, Brooksville and Dade City.

3rd Qtr Year Ago

Revenue $592.5-mil $473.2-mil

Net Income $66.6-mil $54.1-mil

Per Share 26 cents 21 cents

Tyco International Ltd.

The troubled manufacturing and service corporation whose chief executive L. Dennis Kozlowski resigned in early June before being indicted on tax evasion charges, reported that much of its loss for the quarter ended June 30 was due to its spinoff and public offering on July 1 of the financing company CIT Group.

3rd Qtr Year Ago

Revenue $9.1-bil $8.7-bil

Net Income ($2.3-bil) $1.2-bil

Per Share ($1.16) 64 cents

Expedia Inc.

The online travel site said revenues were up 85 percent in the quarter ended June 30. Expedia recently rejected an offer by its majority stockholder, Barry Diller's USA Interactive, to acquire the remaining shares in the Bellevue, Wash. company.

2nd Qtr Year Ago

Revenue $144.9-mil $78.5-mil

Net Income $19.1-mil ($4.4-million)

Per Share 29 cents(9 cents)

SRI/Surgical Express Inc.

The Clearwater hospital supply company said earnings dropped 42 percent in the quarter ended June 30. The company blamed part of the decline on increased accounting and legal expenses as a result of a Securities and Exchange Commission investigation.

2nd Qtr Year Ago

Revenue $21.9-mil $22.5-mil

Net Income $973,000 $1.6-mil

Per Share 14 cents 24 cents

AirTran Holdings

The parent of low-fare AirTran Airways said its second-quarter net income fell 61 percent to $5.1-million from the year-earlier quarter. Although the number of passengers grew nearly 11 percent, revenues fell 7 percent to $190.6-million as the airline discounted fares in the wake of the Sept. 11 terrorist attacks. But AirTran was able to lower its cost of flying an airline seat one mile to 8.53 cents from 9.73 cents in the year-earlier quarter.

2nd Qtr Year Ago

Revenue $190.6-mil $205.8-mil

Net Income $5.1-mil $13.2-mil

Per Share 7 cents 18 cents

Amazon.com Inc.

The Seattle online retailer said sales were up 21 percent in the quarter ended June 20. Amazon.com also said it will begin showing stock options as an expense starting with awards made after the start of 2003.

2nd Qtr Year Ago

Revenue $805.6-mil $667.4-mil

Net Income ($93.6-mil) ($168.4-mil)

Per Share (25 cents) (47 cents)

Ticketmaster

The Los Angeles ticket seller said online sales were up 10 percent for the quarter ended June 30, accounting for 43 percent of all tickets sold.

2nd Qtr Year Ago

Revenue $212.5-mil $187-million

Net Income $14.7-mil ($29.5-mil)

Per Share 10 cents (21 cents)

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