& #8226; Zenith National Insurance Co.

, a Woodland Hills-based carrier of workers' compensation insurance, reported net income of $46.4 million ($1.90 per diluted share) for the second quarter ended June 30, compared with $24.8 million ($1.06 per diluted share) for the like period a year earlier. Revenues rose to $332.1 million from $247.8 million in the prior year.


The second quarter included a $3.4 million (14 cents per share) charge related to paying down long-term debt and a $1.5 million (6 cents per diluted share) expense related to losses incurred from the Florida hurricanes of 2004. The company said favorable cost trends and increased competition in the California workers' compensation insurance market fueled the revenue and net income growth during the quarter.


& #8226; True Religion Apparel Inc. , a Los Angeles-based jeans manufacturer, reported net income of $4.3 million (18 cents per diluted share) in the second quarter ended June 30, compared with $469,906 (2 cents) for the like period a year ago. Revenues increased to $22 million from $4.1 million in the year-ago period.


True Religion expects third-quarter earnings in the range of 22 cents to 24 cents per diluted share on revenues of $29 million to $30 million. For the full year, the company expects earnings in the range of 74 cents to 77 cents per diluted share on revenues of $92 million to $95 million, up from, previous guidance of 66 cents to 70 cents on revenues of $84 million to $88 million. For the full year of 2006, True Religion anticipates earnings of $1.10 to $1.15 per diluted share on revenues of $128 million to $138 million.


& #8226; STAAR Surgical Co. , a Monrovia-based developer of ophthalmic devices, reported a net loss of $2.1 million (9 cents per diluted share) for the second quarter ended July 1, compared with a net loss of $3.4 million (18 cents) for the like period a year ago. Sales rose 16 percent to $13.9 million from $12 million in the year-ago period.


& #8226; Fremont General Corp. , the Santa Monica-based parent of residential and commercial real estate lender Fremont Investment & Loan, reported net income of $90.8 million ($1.21 per diluted share) during the second quarter ended June 30, compared with $95.4 million ($1.30) for the same period a year earlier. Interest income during the quarter rose to $211 million from $171 million.


The company said a decrease in loan balances in its commercial real estate loan portfolio during the second quarter resulted in a $4.2 million credit to income, compared to a $146,000 expense for the same period a year earlier.


The company had a provision for loan losses of $4.2 million, versus a provision of $146,000 a year earlier. Total assets rose to $11 billion on June 30 from $10.1 billion on Dec. 31.


& #8226; International Rectifier Corp. , an El Segundo-based maker of chips to power electronic gear, reported net income of $24.7 million (35 cents per diluted share) for the fourth quarter ended June 30, compared with $29.4 million (42 cents) for the same period a year earlier. Revenue rose to $281.8 million from $298.6 million in the year-ago period.


Earnings were hurt by weaker sales and a $12.4 million severance charge, plus an $8.1 million restructuring charge. Excluding the charges, the company reported net income of $38.4 million (54 cents per diluted share), compared with $39.2 million (52 cents) for the same period a year earlier.


& #8226; PeopleSupport Inc. , an L.A.-based provider of offshore business outsourcing, reported net income of $2.2 million (12 cents per diluted share) for the second quarter ended June 30, compared with $1.3 million (9 cents) for the same period a year earlier. Revenues rose to $14.7 million from $10.4 million in the year-ago period.


PeopleSupport's second quarter results included a $100,000 charge for a management incentive plan and a $200,000 charge for a pre-IPO stock option compensation plan. Excluding these and other charges, net income was $1.8 million (13 cents per diluted share).


The company expects third-quarter earnings of 9 cents to 10 cents per diluted share on revenues of $15 million to $15.6 million. Full-year earnings are anticipated to be between 43 cents and 46 cents per diluted share on revenues of $58 million to $60 million.


& #8226; California Pizza Kitchen Inc. , the L.A.-based casual dining chain, reported net income of $6.2 million (32 cents per diluted share) for the second quarter ended July 3, compared with $5.4 million (28 cents) for the like period a year ago. Revenues increased 16.5 percent to $119.4 million from $102.5 million in the year-ago period. Same-store sales increased 8.6 percent.


For the third quarter, California Pizza Kitchen expects earnings in the range of 32 cents to 33 cents per diluted share on same-store sales growth of 5.5 percent to 6.5 percent. For full-year earnings, the company increased its guidance to between $1.16 and $1.18.


- IHOP Corp. , the Glendale-based operator and franchiser of International House of Pancakes restaurants, reported net income of $11.9 million (60 cents per diluted share) for the quarter ended June 30, compared with $4.4 million (21 cents) for the like period a year ago. Revenues decreased to $82.9 million from $86.1 million in the year-ago period.


IHOP's second quarter results were affected by a charge of $8.9 million related to repositioning of company-operated restaurants. Excluding this charge, the company reported net income of $12.4 million (62 cents per diluted share) for the second quarter. Ended June 30.


IHOP reaffirmed its full-year earnings forecast of $2.02 and $2.12 per diluted share. The company expects same-store sales growth in the range of 2 percent to 4 percent.


- K-Swiss Inc. , a Westlake Village-based footwear maker, reported net income of $16.8 million (47 cents per diluted share) for the second quarter ended June 30, compared with $13.2 million (35 cents) for the like period a year earlier. Revenues increased 17.2 percent to $126.5 million from $107.9 million in the comparable period of the prior year.


The company expects third-quarter earnings in the range of 42 cents to 47 cents per diluted share on revenues of $133 million to $138 million. Full-year earnings are anticipated to be between $1.85 and $1.95 per diluted share on revenues of between $500 million and $515 million.


- Teledyne Technologies Inc. , an Los Angeles-based electronics components firm, reported net income of $16.1 million (47 cents per diluted share) for the second quarter ended July 3, compared with net income of $9.9 million (30 cents) for the like period a year earlier. Revenue increased 27 percent to $303.3 million from $238.9 million in the year-ago period.


For the third quarter, Teledyne expects earnings in the range of 36 cents to 38 cents. For the full year, Teledyne anticipates earnings between $1.67 and $1.71 per diluted share.


- Diodes Inc. , a Westlake Village-based maker of semiconductors, reported net income of $7.7 million (47 cents per diluted share) for the second quarter ended June 30, up from $6.1 million (40 cents) for the like period a year earlier. Revenue rose to $50.5 million from $47 million in the year-ago period.


The second quarter included a $358,000 charge related to the granting of 220,000 shares of stock to new president and chief executive Keh-Shew Lu and to former president and chief executive C.H. Chen. Because of strong demand at its China operations, the company expects to boost its 2005 capital expenditures to $15 million to $18 million from its original forecast of $12 million to $14 million.


- MannKind Corp. , a Valencia-based developer of drugs and devices for treating cancer and diabetes, reported a net loss of $27.2 million (83 cents per diluted share) for the second quarter of 2005, compared with $22.2 million (68 cents) for the like period a year earlier.


The medical technology firm, which has no revenues, experienced higher expenses related to development and clinical trials of its lead product, Technosphere inhaled insulin.


- DaVita Inc. , the El Segundo-based kidney dialysis service provider, reported net income of $52.9 million (51 cents per diluted share) for the second quarter ended June 30, compared with $52.4 million (50 cents) for the like period a year earlier. Revenue rose to $649 million from $551.6 million for the like period a year ago.


The company, which has been on an acquisition spree, attributed its revenue growth to a 15 percent increase in the number of dialysis treatments it provides daily. The company also reached a preliminary agreement with the Federal Trade Commission on the divestiture of 70 treatment facilities as part of its $3.05 billion acquisition of its Swedish rival Gambro AB.


- IndyMac Bancorp Inc. , the Pasadena-based holding company for IndyMac Bank, reported net income of $83.1 million ($1.26 per diluted share) for the second quarter ended June 30, compared with $23 million (38 cents) for the like period a year earlier. Revenue rose to $288.7 million from $146 million in the comparable period of the prior year.


The company's prior-year second quarter was affected by a $52.2 million accounting charge related to a Financial Accounting Standards Board loan commitment rule. Excluding this item, IndyMac reported net income of $54.6 million (90 cents per diluted share) and revenue of $198 million for the second quarter of 2004.


IndyMac Bancorp's total assets grew 25 percent to $19.4 billion.


The company increased its full-year earnings forecast to $4.62 per share, up from previous guidance of $4.35 per share.

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