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Earnings Roundup For June 7

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Navistar International Corp (NYSE: NAV) reported a 72% rise in its fiscal second-quarter profit on Tuesday. Navistar reported its quarterly profit at $74 million, or $0.93 per share, up from $43 million, or $0.60 per share, in the year-earlier period. Its revenue for the quarter surged 22% to $3.36 billion. Navistar's adjusted earnings came in at $1.02 per share. However, analysts were expecting earnings of $1.14 per share on revenue of $3.32 billion. Navistar narrowed its earnings target for the fiscal year to a range of $5.50 to $6.00 per share. Analysts expected fiscal-year earnings of $5.34 per share.

Booz Allen Hamilton Holding Corporation (NYSE: BAH) reported its Q4 net income at $18.1 million, up from $4.9 million, in the year-ago period. Its adjusted net income surged to $50.5 million from $20.1 million. BAH's diluted earnings per share (EPS) and adjusted diluted EPS came in at $0.13 and $0.36, respectively, versus $0.04 and $0.17, in the year-ago period. Its revenue rose to $1.49 billion, from $1.35 billion in the prior year period. However, analysts were expecting earnings of $0.28 per share on revenue of $1.51 billion. Booz Allen Hamilton projects FY12 adjusted earnings of $1.55 to $1.65 per share, versus analysts' estimates of $1.52 per share.

The Talbots Inc (NYSE: TLB) reported its Q1 income from continuing operations at $0.9 million, or $0.01 per share, versus last year's loss from continuing operations of $7.1 million, or $0.12 per share. Its adjusted quarterly income from continuing operations came in at $5.3 million, or $0.08 per share, versus last year's adjusted income from continuing operations of $21.7 million, or $0.38 per share. Talbots' net sales dropped 6.0% y/y to $301.3 million, from $320.7 million. However, analysts were expecting earnings of $0.03 per share on revenue of $306.26 million. Its consolidated comparable sales fell 7.7%. Talbots' store sales declined 6.5% to $240.8 million, from $257.6 million, in the year-ago period. Its comparable store sales fell 8.2% in the first quarter of 2011, excluding stores scheduled to close under the Company's store rationalization plan.

Koninklijke Ahold NV (OTC: AHODF) reported a 6% increase in its financial first-quarter net profit on Tuesday. Ahold reported its quarterly net profit at 291 million euros ($426 million), versus a profit of €274 million, in the year-earlier period. Its net sales climbed about 6% y/y to €9.25 billion from €8.74 billion. However, analysts were expecting a net profit of €279 million. Its underlying retail margin surged to 4.6%, from 4.2% in the year-earlier period.

Modine Manufacturing Company (NYSE: MOD) reported its Q1 net earnings at $12.3 million, up 209%, from the year-ago period. Its sales surged 22% y/y to $397 million. Its gross margin surged 100 basis points y/y to 15.1%. The company's diluted earnings per share came in at $0.26, versus a diluted loss per share of $0.24, in the year-ago period. Its operating income jumped to $7.8 million, up $5.8 million, from the year-ago quarter. The company recorded an income tax benefit of $7.8 million related to an income tax incentive in its Hungary operations during the quarter. However, analysts were expecting earnings of $0.16 per share on revenue of $379.33 million. Modine Manufacturing projects FY12 earnings of $0.95 to $1.05 per share, versus the analysts' estimates of $1.05 per share.

FreeSeas Inc (NASDAQ: FREE) reported a Q1 net loss at $3.1 million, or $0.49 loss per share, versus a net income of $2.7 million, or $0.43 per share, in the year-ago quarter. Its adjusted net loss came in at $2.3 million, or $0.36 per share, versus an adjusted net income of $2.9 million, or $0.46 per share, in the year-ago quarter. FreeSeas' adjusted EBITDA came in at $2.1 million, down from $8.2 million, in the year-ago quarter. FreeSeas' operating revenue dropped to $8.5 million, from $15.7 million, in the year-ago period. However, analysts were expecting a loss of $0.42 per share on revenue of $8.40 million.

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