Jacobs Engineering Group Inc.
reported
third quarter net income of $75 million, or 61 cents per share, a 48 percent increase from $51 million (42 cents), from the same period a year earlier. Revenue for the Pasadena-based engineering and construction consulting firm increased 8 percent to $2.1 billion. Despite the strong numbers and positive outlook, shares in Jacobs dipped $2.59, or 3.9 percent, to $62.36 in afternoon trading Wednesday on the New York Stock Exchange.
Jakks Pacific Inc.
reported
that second-quarter net income fell 21 percent to $5 million (17 cents per share). Sales for the Malibu toymaker rose 4 percent to $129 million, just short of Wall Street’s expectations of $131 million. Shares in Jakks fell $4.82 to $25.10 in afternoon trading Wednesday on the Nasdaq.
Cheesecake Factory Inc.
reported
second quarter net income of $24 million (33 cents per share), in line with the $24 million (30 cents) from the same period a year earlier. Sales for the Calabasas-based casual dinning chain owner and operator jumped nearly 16 percent to $373 million. Shares in Cheesecake Factory jumped $1.21, or 4.9 percent, to $25.80 in afternoon trading Wednesday on the Nasdaq.
Skechers USA Inc.
reported
second quarter net income of $15 million (32 cents per share), a 15 percent drop from $18 million (40 cents) for the same period a year earlier. Sales for the Manhattan Beach-based shoe and apparel company rose 21 percent to $352 million, which beat Wall Street’s expectations of $350 million. Shares in Skechers closed down $1.56, or 5.2 percent Tuesday to $28.33 and lost another $6.45, or 23 percent, to $21.88 in afternoon trading Wedensday New York Stock Exchange.
