Earnings Reported After The Bell July 16

(RTTNews) - Here is a quick summary of the earnings reported after the bell on Jul 16.

1.TESSCO (TESS)

Q1 Net income was $1.7 million or $0.20, per share compared with $3.7 million or $0.44 per share for the prior-year quarter.

For the fiscal first quarter, revenues totaled $134.7 million, compared with $152.9 million in the first quarter of the prior year

Analysts expected the company to report net income of $0.28 per share on revenues of $135.98 million for the period.

Q2 Outlook

The company is providing earnings guidance of $0.26 to $0.32 per share for the second quarter; Consensus $0.21

FY Outlook

TESSCO also is increasing the lower end of its prior EPS guidance for full-year fiscal 2016 by $0.05. The new EPS guidance range for fiscal 2016 is now $1.05 to $1.25; Consensus $1.08.

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2. First Financial Bankshares, Inc. (FFIN)

Q2 Net earnings were $25.31 million or $0.39 per share compared with $21.21 million or $0.33 per share in the same quarter last year.

Net interest income for the second quarter increased 8.54 percent to $52.34 million compared with $48.22 million in the same period last year.

Analysts expected the company to report net income of $0.38 per share on revenues of $73.56 million for the period.

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3.United Security Bancshares (UBFO)

The company reported Q2 net income of $2.06 million or $0.13 per share as compared to $2.05 million or $0.13 per share for the year-ago quarter.

Q2 Net interest income increased to $6.53 million, compared to $5.92 million for the year ago quarter.

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4.Allscripts Healthcare Solutions, Inc. (MDRX)

The company expects revenue of $350 million to $353 million, net loss of about $0.01 per share and adjusted earnings of about $0.12 per share for the second quarter.

Analysts polled by Thomson Reuters currently expect the company to report earnings $0.10 per share on revenue of $347.13 million for the second quarter. Analysts' estimates typically exclude special items.

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5.AngioDynamics Inc. (ANGO)

Net loss for the fourth quarter was $0.8 million or $0.02 per share, compared to a net loss of $1.2 million or $0.03 per share for the year-ago quarter.

Excluding items, adjusted net income for the fourth quarter was $5 million or $0.14 per share, compared to $6.2 million or $0.17 per share in the prior year quarter.

Net sales for the fourth quarter fell to $90.9 million from $94.1 million a year earlier.

Analysts polled by Thomson Reuters expected the company to earn $0.14 per share on revenue of $91.67 million for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward to the first quarter, the company forecasts net sales of $83 million to $87 million and adjusted earnings without amortization of $0.10 to $0.12 per share. Analysts currently expect the company to earn $0.14 per share on revenue of $88.51 million for the first quarter.

For the fiscal year 2016, the company forecasts net sales of $364 million to $370 million and adjusted earnings per share without amortization of $0.62 to $0.66. Analysts currently expect the company to earn $0.85 per share on revenue of $367.96 million for the fiscal year 2016.

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6.SolarWinds, Inc. (SWI)

Net income for the second quarter was $22.1 million or $0.29 per share, compared to $13.4 million or $0.18 per share for the year-ago quarter.

Excluding items, adjusted earnings for the second quarter were $0.52 per share, compared to $0.41 per share in the prior year quarter.

Total revenue for the second quarter rose 17% to $119.07 million from $101.50 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.46 per share on revenue of $122.62 million for the second quarter. Analysts' estimates typically exclude special items.

Looking forward to the third quarter, the company forecasts total revenue of $130 to $134 million and adjusted earnings of $0.49 to $0.53 per share. Analysts currently expect the company to earn $0.52 per share on revenue of $136.07 million for the third quarter.

For the full year 2015, the company now forecasts total revenue of $502.0 to $512.0 million and adjusted earnings of $2.00 to $2.08 per share. Previously, the company forecast total revenue of $512.0 to $527.0 million and adjusted earnings of $1.92 to $2.04 per share.

Analysts currently expect the company to earn $2.00 per share on revenue of $519.67 million for the full year 2015.

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7.Resources Connection Inc (RECN)

Fourth-quarter net earnings were $8.1 million or $0.21 per share compared with $6.9 million or $0.18 per share last year.

Revenues for the quarter declined to $148.8 million from $156.8 million in the prior year, when it benefited from an extra week, the company said.

Analysts polled by Thomson Reuters estimated earnings of $0.22 per share on revenues of $150.3 million for the quarter. Analysts' estimates typically exclude special items.

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8.Independent Bank Corp. (INDB)

Second quarter net income was $17.45 million, or $0.67 per share as compared to $14.75 million or $0.61 per share a year ago.

Q2 net interest income was $53.75 million vs $49.05 million a year ago.

Analysts expected the company to report net income of $0.65 per share on revenues of $72.13 million for the period.

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9.Southwest Georgia Financial Corporation (SGB)

Net income increased 17% to $865 thousand in the second quarter or $0.34 per share, from $737 thousand, or $0.28 per share a year ago.

Q2 Net interest income was $3.57 million vs $3.39 million a year ago.

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10.Associated Banc-Corp (ASB)

Q2 net income to common shareholders was $47.86 million, or $0.31 per share compared to $45.09 million, or $0.28 per share a year ago.

Q2 net interest income was $166.49 million vs $168.7 million a year ago.

Analysts expected the company to report net income of $0.31 per share on revenues of $252.55 million for the period.

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11.EastGroup Properties, Inc. (EGP)

Q2 Net Income was $29.59 million or $0.92 per share vs $26.25 million or $0.84 per share in the same period last year.

Q2 Revenue was $57.84 million vs. $53.82 million in the same period last year.

Q3 Outlook

EPS to be in the range of $0.93 - $0.95

FY Outlook

EPS to be in the range of $3.63 - $3.71

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12.Toy maker Mattel Inc (MAT)

Second-quarter net loss was $11.4 million or $0.03 per share compared with a profit of $28.3 million or $0.08 per share last year.

Excluding one-time items, adjusted earnings for the quarter were $0.01 per share compared with $0.05 per share a year ago.

Revenues for the quarter were lower at $988 million compared with $1.06 billion in the prior year.

Analysts polled by Thomson Reuters estimated a loss of $0.04 per share on revenues of $995.4 million for the quarter. Analysts' estimates typically exclude special items.

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13.People's United Financial Inc (PBCT)

Second-quarter net income was $61.7 million or $0.20 per share, a decline from $72.3 million or $0.24 per share in the prior year.

Operating earnings were $0.21 per share compared with $0.20 per share last year.

On average, 17 analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share for the quarter. Analysts' estimates typically exclude one-time items.

Net interest income for the quarter rose to $230.4 million from $228.2 million last year, while non-interest income slid to $83 million from $100 million.

Analysts estimated revenues of $318.4 million for the quarter.

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14.Schlumberger Ltd (SLB)

Second-quarter net earnings were $1.12 billion or $0.88 per share compared with $1.60 billion or $1.21 per share last year.

Revenues for the quarter were down 25 percent at $9.01 billion compared with $12.05 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.79 per share on revenues of $8.97 billion for the quarter. Analysts' estimates typically exclude special items.

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15.Cintas Corp. (CTAS)

Net income for the first quarter was $105.2 million or $0.90 per share, compared to $127.2 million or $1.03 per share for the year-ago quarter.

Adjusted earnings for the latest quarter was $0.86 per share.

Total revenue for the fourth quarter grew 0.7% to $1.14 billion from $1.13 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.85 per share on revenue of $1.15 billion for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward to the fiscal year 2016, the company forecasts revenue of $4.70 billion to $4.78 billion and earnings of $3.74 to $3.83 per share. Analysts currently expect the company to earn $3.74 per share on revenue of $4.77 billion for the fiscal year 2016.

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16.Advanced Micro Devices Inc (AMD)

Second-quarter net loss was $181 million or $0.23 per share compared with a loss of $36 million or $0.05 per share last year.

Excluding items, adjusted loss for the quarter was $0.17 per share compared with a profit of $0.05 per share a year ago.

Revenues for the quarter were down 35 percent at $942 million compared with $1.44 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.17 per share on revenues of $950.5 million for the quarter. Analysts' estimates typically exclude special items.

For the third quarter, the company expects revenues to increase 6 percent, plus or minus 3 percent, sequentially. Analysts expect revenues of $1.05 billion.

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17.Google Inc (GOOGL)

Second-quarter net earnings were $3.93 billion or $4.93 per share compared with $3.35 billion or $4.88 per share last year.

Excluding items, adjusted earnings for the quarter were $6.99 per share compared with $5.98 per share a year ago.

Revenues for the quarter were up 11 percent at $17.73 billion compared with $15.96 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $6.71 per share on revenues of $17.75 billion for the quarter. Analysts' estimates typically exclude special items.

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