Jamdat Mobile Inc.
Jamdat Mobile reported fourth-quarter net income of $599,000 (3 cents per diluted share), compared with a net loss of $1.8 million (63 cents) for the like period a year earlier. Revenues for the L.A.-based cell phone video game publisher rose 122 percent to $11.6 million.
Included in the fourth-quarter 2004 results was a stock-based compensation charge of $500,000, compared to a charge of $600,000 in the prior-year period.
For the first quarter ending March 31, the company expects revenue of about $14.1 million and net income of about 8 cents per diluted share.
Metro-Goldwyn-Mayer Inc.
Metro-Goldwyn-Mayer reported fourth-quarter net income of $38.5 million (16 cents per diluted share), compared with $60.3 million (25 cents) for the like period a year earlier. Revenues for the L.A.-based entertainment company decreased to $453.4 million, compared to $543.1 million in the prior year period.
Fourth quarter results included a charge of $8.3 million (3 cents per share) related to the disbursement of employee stock options, and expenses of $2.1 million (1 per share) related to the pending acquisition of MGM by a group led by Sony Corp.
Tekelec
Tekelec reported fourth-quarter net income of $13.3 million (18 cents per diluted share), compared with $7.3 million (11 cents) for the like period a year earlier. Revenues for the Calabasas-based network signaling products producer rose to $115.9 million, compared to $75 million in the prior year period.
Fourth quarter net income includes a $3.8 million charge for the write-off of research and development related to the Steleus acquisition and a $20.3 million gain on Spatial Wireless common stock. Tekelec announced plans to buy privately held telecommunications solution provider Steleus Group Inc. for $56 million in August. Spatial Wireless is Tekelec’s strategic partner for its VoIP platform.
For the first quarter of 2005, the company expects total revenue of $114.0 million to $117.0 million and net income of 7 cents to 9 cents per diluted share.
VCA Antech Inc.
VCA Antech reported fourth-quarter net income of $13.3 million (16 cents per diluted share), compared with $9.4 million (11 cents) for the like period a year earlier. Revenues for the L.A.-based animal health care company rose 33.2 percent to $176.4 million.
For the latest fourth quarter, the company incurred charges of $157,000 related to the integration of animal hospitals acquired from National PetCare Centers, Inc. in June.
IHOP Corp.
IHOP Corp. reported fourth-quarter net income of $10.5 million (52 cents per diluted share), compared with $8.8 million (41 cents) for the like period a year earlier. Revenues for the Glendale-based International House of Pancakes restaurant chain declined to $94.4 million from $102.8 million for the comparable year-ago period.
IHOP’s most recent quarterly results included a charge of $982,000 related to the repositioning of company-operated restaurants, and a gain of $1.8 million from the sale of real estate.
For fiscal 2005, the company expects net income in the range of $2.02 to $2.12 per diluted share, assuming same-store sales growth of 2 percent to 4 percent and between 62 and 72 restaurant openings.
Fremont General Corp.
Fremont General Corp. reported fourth-quarter net income of $90.6 million ($1.22 per diluted share), compared with $68.1 million (94 cents) for the like period a year earlier.
The Santa Monica-based bank holding company’s residential real estate loan originations totaled $7.04 billion during the fourth quarter of 2004, versus $4.58 billion for the like period of 2003.
Point.360
Point.360 reported fourth-quarter net income of $812,000 (8 cents per diluted share), compared with $761,000 (8 cents) for the like period a year earlier. Revenues for the Burbank-based provider of digital media services rose to $17.5 million from $15.1 million for the comparable period of the prior year.
The company reported additional revenues of $3.1 million for the fourth quarter due to the acquisition of International Video Conversions, Inc. in July.