Lowe's Net Rises 9.6%, Cowen Group Sales Fall

Author: Bikram Pandey
123jump.com
Last Update: 12:21 PM ET August 16 2010

Cowen Group said quarterly sales tripled but net loss increased. Lowe’s Companies, Inc quarterly sales increased 3.7% and net income increased 9.6%. O''Charley''s Inc. quarterly sales decreased 5.9% and let loss was flat.

12:20 PM New York – Cowen Group said quarterly sales tripled but net loss increased. Lowe’s Companies, Inc quarterly sales increased 3.7% and net income increased 9.6%. O''Charley''s Inc. quarterly sales decreased 5.9% and let loss was flat.

Bioanalytical Systems, Inc. (BASI) after a pharmaceutical development research services reported second quarter revenue decreased 2% to $6.9 million from $7.1 million in the same quarter last year. The net loss for the second quarter was $1.2 million or 25 cent per diluted share, compared to $1.8 million or 0.37 cent per diluted share, for the year-ago quarter.

Cowen Group, Inc. (COWN) after the investment banking services said second quarter total revenue was $55.0 million from $17.0 million in the year-ago quarter Net loss in the quarter was $21.2 million or 29 cents per diluted share compared to net loss of $17.2 million or 46 cents per diluted share, a year ago.

Green Dot Corporation (GDOT) after the prepaid financial services said Total operating revenues on a GAAP) basis increased 44% to $90.3 million for the second quarter from $62.9 million in the second quarter of 2009. Net income was $12.5 million for both the second quarters of 2010 and the second quarter of 2009. Per diluted share $0.29, for the second quarter compared to $0.25 in the prior-year quarter.

The Hallwood Group Incorporated (HWG) after the holding company reported second quarter revenue was $47.9 million compared to $44.3 million a year ago quarter. Net income in the quarter was $4.8 million, or $3.14 per diluted share, compared to net income of $3.6 million, or $2.34 per diluted share, for the same quarter a year ago.

Lowe''s Companies, Inc. (LOW), the home improvement retailer reported second quarter sales increased 3.7% to $14.4 billion, from $13.8 billion in the second quarter of 2009 on comparable store sales rise of 1.6%. Net earnings in the quarter grew 9.6% to $832 million or 58 cents per diluted share compared to net earnings of $759 million or 51 cents per share in the same period a year ago.

O''Charley''s Inc. (CHUX) after the multi-concept restaurant company reported second quarter revenue decreased 5.9% to $194.1 million from $206.2 million in the same quarter last year. Net loss in the quarter fell 1.4% to $2.5 million or 12 cents per diluted share, compared to net income was $2.5 million or 13 cents per share for the year-ago quarter.

Saga Communications, Inc. (SGA) after the broadcast company reported second quarter net operating revenue rose 4% to $32.9 million compared to $7.8 million a year ago quarter. Net income for the quarter was $3.7 million, or 87 cents per diluted share, compared to net income of $2.7 million, or 63 cents per diluted share, for the same quarter of 2009.

Waytronx, Inc. ((WYNX.OB)), the company focused on the commercialization of thermal management solutions reported second quarter revenues surged 77% to $10.72 million. On a sequential basis, revenues grew 40% quarter over quarter. Net earnings in the quarter were $3.49 million or $0.02 per diluted.

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