- Guitar Center Inc.

reported third-quarter net income of $14.4 million (51 cents per share), compared with $12.4 million (45 cents) for the like period a year earlier. Revenue for the Westlake Village-based musical instrument retailer rose 18.6 percent to $421.1 million.


Excluding a 3-cent-per-share charge related to stock-based compensation expenses, the company reported third-quarter adjusted net income of $15.3 million (54 cents per share). No similar expense was recorded in the year-ago period.


Guitar Center expects fourth-quarter adjusted earnings of $1.16 to $1.23 per share on revenue of between $555 million and $569 million.


- VCA Antech Inc. reported third-quarter net income of $22.3 million (26 cents per share), compared with $17.3 million (21 cents) for the like period a year earlier. Revenue for the L.A.-based animal healthcare services company rose 25 percent to $229.2 million.


The company expects fourth-quarter earnings of 18 cents to 19 cents a share on revenue of $211 million to $214 million. For 2006, VCA expects earnings of $1.03 to $1.06 per share on revenue of $940 million to $955 million. The company said the full-year guidance includes share-based compensation of 2 cents per share based on options granted as of Sept. 30.


- Avery Dennison Corp. reported third-quarter net income of $86.2 million (86 cents per share) for the period ended Oct. 1, compared with $75 million (75 cents) for the like period a year earlier. Revenue for the Pasadena-based adhesive label maker rose 2 percent, to $1.4 billion.


Results for the third quarter include a tax expense of 14 cents per share associated with the repatriation of $350 million of earnings of certain foreign subsidiaries, which will be completed during the fourth quarter, and a 9-cent-per-share benefit related to tax audit settlements.


The company raised its full-year earnings outlook to a range of $3.28 to $3.43 per share, up from previous guidance of $2.95 to $3.20 per share. But Avery said the impact of plant transition costs, restructuring, asset impairment charges and the one-time tax expense associated with the repatriation of earnings could reduce 2005 earnings by 35 cents to 45 cents per share.


- Wilshire Bancorp Inc. reported third-quarter net income of $7.2 million (25 cents per share), compared with $5.1 million (18 cents) for the like period a year earlier.

The L.A.-based holding company for Wilshire State Bank had a provision for loan losses of $1.3 million, versus a provision of $1.5 million in the prior year. Total assets rose 28 percent to $1.6 billion on Sept. 30 from $1.3 billion on Dec. 31. Net interest income, before provision for loan losses, increased 47 percent to $16.3 million from $11.1 million a year earlier.


- Digital Insight Corp. reported third-quarter net income of $6.8 million (19 cents per share), compared with $4.1 million (12 cents) for the like period a year earlier. Revenue for the Calabasas-based outsourced online banking applications provider rose 12 percent, to $53.2 million.


Excluding costs related to writing off intangible assets from acquisitions and a tax adjustment in the 2004 quarter, the company reported adjusted third-quarter net income of $8 million (23 cents per share), compared with $6 million (17 cents) for the like period a year earlier.


The company expects fourth-quarter earnings of 19 cents to 20 cents per share on revenue of $55.2 million to $56.2 million. Adjusted fourth-quarter net income is anticipated to be 23 cents to 24 cents per share. Full-year earnings are estimated to be 72 cents to 73 cents on revenue of $212.5 million to $213.5 million. Earnings for 2006 are expected to be 82 cents to 88 cents per share on revenue of $240 million to $243 million.


- Superior Galleries Inc. reported a first-quarter net loss of $105,000 (2 cents per share) for the period ended Sept. 30, compared with income of $125,000 (2 cents) for the like period a year earlier. Revenue for the L.A.-based holding company for Wilshire State Bank rose 26 percent, to $11.7 million.

For reprint and licensing requests for this article, CLICK HERE.