– Entravision Communications Corp.
, a Santa Monica-based Spanish-language media company, reported net income of $4.2 million (3 cents per diluted share) for the second quarter ended June 30, compared with $5.1 million (2 cents) for the like period a year ago. Net income after accretion related to preferred stock was $4.2 million (3 cents per diluted share) for the second quarter, compared with $2 million (2 cents) in the year-ago period.
Revenues rose 9 percent to $75.1 million from $68.9 million in the year-ago period.
The company expects third-quarter revenues of $75.5 million to $76.1 million
– Napster Inc.
, an L.A.-based digital music service, reported a net loss of $19.9 million (46 cents per diluted share) for the first quarter ended June 30, compared with a loss of $2.6 million (8 cents) for the like period a year ago. Revenues rose 167 percent to $21 million from $7.9 million in the year-ago period.
The company expects second-quarter revenues in the range of $21 million to $23 million.
– American Reprographics Co.
, a Glendale-based document management services company, reported net income of $11.4 million (25 cents per diluted share) for the second quarter ended June 30, compared with $9.8 million (26 cents) for the like period a year ago. Excluding an income tax provision, net income was$11.4 million (25 cents per diluted share), compared with $6.9 million (18 cents) for the year-earlier period.
Revenues rose 8.6 percent to $125.6 million from $115.6 million in the year-ago period.
Excluding a one-time income tax benefit of $27.7 million due to company reorganization, the company expects full-year earnings of 82 cents to 84 cents per diluted share on revenues of $485 million to $490 million.
– Tekelec
, a Calabasas based signaling products manufacturer, reported net income of $5.6 million (8 cents per diluted share) for the second quarter ended June 30, compared with a loss of $304,000 (breakeven) for the like period a year ago. Excluding charges related to the acquisition of Taqua’s manufacturing operations, net income was $9.381 million (14 cents per diluted share), compared with $9.376 million (14 cents).
Revenues rose to $133 million from $95.6 million in the year-ago period.
The company expects third-quarter earnings of 10 cents to 13 cents per diluted share on revenues of $143 million to $147 million.
Tekelec also announced it is buying out the minority partner in its Santera subsidiary for $75.6 million in cash. Upon closing, which is expected in early October, Tekelec’s income statement will reflect 100 percent of Santera’s operating results. Initially, the division was 52 percent-owned by Tekelec.
– THQ Inc.
, a Calabasas Hills-based video game publisher, reported a net loss of $4 million (10 cents per diluted share) for the first quarter ended June 30, compared with a loss of $3.9 million (10 cents) for the like period a year ago. Revenues rose to $158 million from $88.2 million in the year-ago period.
THQ expects a second-quarter loss of 10 cents per share on revenues of approximately $125 million. The company reaffirmed its full-year earnings of about $1 per share on revenues of nearly $750 million.
– Pacific Energy Partners LP
, a Long Beach-based crude oil distributor, reported net income of $12.2 million (40 cents per diluted share) for thesecond quarter ended June 30, compared with $9.1 million (30 cents) for the like period a year ago. Revenues rose to $52.8 million from $46 million in the year-ago period.
Pacific Energy Partners expects third-quarter earnings of 24 cents to 28 cents per diluted share.
– Earle M. Jorgensen Co.
, a Lynwood-based metal bar and tubular products distributor, reported net income of $22.6 million (48 cents per diluted share) for the first quarter ended June 29, compared with $11.7 million (58 cents) for the like period a year ago. Revenues rose 22.8 percent to $444 million from $361.6 million in the year-ago period.
The amount of the company’s outstanding shares increase threefold from a year ago, to 47.3 million from 15.5 million, as a result of shares issued in conjunction with its merger, financial restructuring and initial public offering in April 2005.
The company expects second-quarter earnings of 32 cents to 35 cents per diluted share on revenues of $390 million to $410 million.
– Electro Rent Corp.
, a Van Nuys based electronic equipment leasing company, reported net income of $5.5 million (21 cents per diluted share) for the fourth quarter ended May 31, compared with $3.9 million (16 cents) for the like period a year ago. Revenues rose 9 percent to $25.7 million from $23.7 million in the year-ago period.
