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Earnings After The Bell Nov 17

Earnings 111314

Here is a quick summary of the earnings reported after the bell on Nov 17.

1.Concord Medical Services Holdings Limited (CCM)

Total net revenue was RMB265.7 million or $43.3 million in the third quarter of 2014, a 13.6% increase from RMB234.0 million in the third quarter of 2013.

Net income attributable to ordinary shareholders in the third quarter of 2014 was RMB34.5 million or $5.6 million, a 30.3% increase from RMB26.5 million in the third quarter of 2013.

Earnings per American Depositary Share in the third quarter of 2014 was RMB0.72 or $0.12 compared with RMB0.59 in the third quarter of 2013; Consensus $0.07.

FY Outlook

For the 2014 fiscal year, the company expects earnings in the range of $0.45 to $0.50 per ADS; Consensus $0.42

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2. Inter Parfums, Inc. (IPAR) on Monday announced preliminary 2015 guidance which calls for growth in net sales of about 7% compared to 2014's net sales guidance on a constant currency basis.

Based on current foreign currency exchange rates, the company expects net sales for 2015 of about $500 million.

Preliminary guidance for 2015 earnings is in the range of $0.95 to $0.98 per share compared to the 2014 guidance range of $0.93 to $0.95.

The guidance assumes the dollar remains at current levels.

Analysts polled by Thomson Reuters currently expect the company to earn $1.14 per share on revenue of $534.50 million for the full year 2015.

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3. Keysight Technologies, Inc. (KEYS) reported revenues of $762 million for the fourth quarter, an increase of 8% from $705 million a year ago.

Analysts polled by Thomson Reuters expected the company to post revenue of $759.53 million for the fourth quarter.

Income from operations for the fourth quarter increased to $130 million from $128 million a year earlier, while adjusted income from operations rose to $160 million from $134 million last year.

Keysight said it expects first quarter 2015 revenues to be in the range of $675 million to $715 million. First quarter adjusted operating margin is expected to be in the range of 14% to 17%. Analysts currently expect the company to post revenue of $713.14 million for the first quarter.

Keysight completed its separation from Agilent Technologies Inc. (A) on November 1 and began trading on the NYSE under the ticker symbol KEYS on November 3

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4. Agilent Technologies Inc. (A) reported fourth quarter net income of $16 million or $0.05 per share, compared to $211 million or $0.63 per share for the year-ago quarter.

Excluding items, adjusted net income for the latest quarter was $297 million or $0.88 per share.

Revenues for the fourth quarter rose 5% to $1.81 billion from $1.72 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.89 per share on revenue of $1.81 billion for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward to the first quarter, the company forecasts revenues of $1.02 billion to $1.04 billion and adjusted earnings of $0.39 to $0.43 per share. Analysts currently expect the company to earn $0.42 per share on revenue of $1.02 billion for the first quarter.

For the full fiscal year 2015, Agilent forecasts revenue of $4.12 billion to $4.18 billion and adjusted earnings of $1.68 to $1.78 per share. Analysts currently expect the company to earn $1.74 per share on revenue of $4.17 billion for the fiscal year 2015.

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5. Omega Protein Corporation (OME)

The company's Q3 revenues decreased 19% to $70.8 million from $87.6 million a year ago.

Net income for the third quarter of 2014 was $0.7 million or $0.03 per share compared to $14.0 million or $0.66 per share in the same period last year.

Non-GAAP net income for the third quarter of 2014 was $1.7 million or $0.08 per share, compared to $13.9 million or $0.65 per share in the same period last year.

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6. AirMedia Group Inc. (AMCN)

Q3 Total revenues decreased by 8.9% year-over-year to US$62.9 million

Q3 Net loss attributable to AirMedia's shareholders was US$5.5 million compared to net loss attributable to AirMedia's shareholders of US$3.5 million in the same period one year ago.

Q3 net loss attributable to AirMedia's shareholders per ADS wasUS$0.10 vs US$0.06 in the same period one year ago

Q4 Outlook

AirMedia currently expects its net revenues for the fourth quarter of 2014 to range from US$66.0 million to US$68.0 million

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7. State National Companies, Inc. (SNC)

Q3 Premium earned was $25.6 million, up 22.2 percent from $21.0 million in the third quarter 2013

Q3 Adjusted net income was $7.6 million, up 50.9 percent from $5.1 million in third quarter 2013

Q3 Adjusted EPS was $0.17 compared to $0.15 in third quarter 2013.

Q3 net income was $6.96 mln or $0.16 per share vs $7.0 mln or $0.20 per share a year ago.

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8. Jacobs Engineering Group Inc. (JEC)

The company said fourth-quarter net earnings attributable to the company were $86.1 million, or $0.65 per share, compared to $110.8 million, or $0.84 per share for the same period last year.

The latest results included $30.4 million impact of restructuring. Adjusted earnings totaled $0.88 per share in the quarter.

On average, 22 analysts polled by Thomson Reuters expected earnings of $0.86 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues rose to $3.218 billion from $3.142 billion in the prior year. Analysts expected revenues of $3.32 billion.

The company's initial guidance for fiscal 2015 earnings per share is a range of $3.35 to $3.85. Typically, first-quarter earnings per share is expected to be down sequentially. Analysts expect earnings of $3.76 for the year.

President and CEO Craig Martin stated, "While FY14 presented a number of challenges, new projects are contributing to our outlook for fiscal year 2015...We continue to expect to deliver profitable growth over the long term that is in line with our longstanding 15 percent growth goal."

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Business News

A busy week for economics saw the release of first quarter growth figures for the U.S. economy and the interest rate decision in Japan. Read our stories to find out why the GDP data damped market sentiment in the U.S. and what were the signals given out by the Bank of Japan. Other news this week included new home sales data and jobless claims figures from the U.S., and the latest purchasing managers' survey results for the Eurozone.

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