Here is a quick summary of the earnings reported after the bell on Jul 27.
1.Del Taco Restaurants, Inc. (TACO, TACOW)
Q2 Net income was $4.6 million compared to net loss of $0.1 million a year ago.
Q2 Total revenue was $97.6 million, an increase of 7.0% compared to $91.2 million a year ago.
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2.Plantronics, Inc. (PLT)
Net income for the first quarter was $21.2 million or $0.55 per share, compared to $28.7 million or $0.68 per share for the year-ago quarter.
Adjusted net income for the first quarter was $26.0 million or $0.67 per share, compared to $33.0 million or $0.78 per share in the prior year quarter.
Net revenues for the first quarter fell 4.8% to $206.36 million from $216.66 million a year earlier.
Analysts expected the company to earn $0.59 per share on revenue of $205.59 million for the first quarter.
Looking forward to the second quarter, the company forecasts net revenues of $202 million to $212 million, earnings of $0.39 to $0.47 per share and adjusted earnings of $0.58 to $0.66 per share. Analysts currently expect the company to earn $0.60 per share on revenue of $208.49 million for the second quarter.
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3.Heartland Financial USA, Inc. (HTLF)
Q2 Net income available to common stockholders of $15.2 million or $0.72 per common share vs. $10.8 million or $0.56 per share a year ago.
Net interest income increased 13% to $57.6 million in the second quarter of 2015 from the $50.8 million a year ago.
Analysts expected the company to report net income of $0.66 per share on revenues of $82.69 million for the period.
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4.Lombard Medical, Inc. (EVAR)
The net loss for the second quarter was $8.2 million, or $0.51 per share, compared to a net loss of $11.1 million, or $0.76 per share a year ago.
Q2 revenue was $4.54 million vs. $2.19 million a year ago.
Analysts expected the company to report net loss of $0.55 per share on revenues of $4.46 million for the period.
FY Outlook
The company reaffirms that it expects to achieve revenue for 2015 of between $18 million and $20 million; Consensus $18.69 million.
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5.J & J Snack Foods Corp. (JJSF)
Q3 Net earnings increased 3% to $24.5 million or $1.30 per share from $23.68 million or $1.26 per share last year.
Q3 Sales increased 8% to $278.7 million from $257.1 million in last year's third quarter.
Analysts expected the company to report net income of $1.33 per share on revenues of $266.32 million for the period.
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6.Swift Transportation Co (SWFT)
Second-quarter net earnings were $51 million or $0.35 per share compared with $40.2 million or $0.28 per share last year.
Adjusted earnings for the quarter were $0.37 per share compared with $0.33 per share a year ago.
Revenues for the quarter were lower at $1.06 billion compared with $1.08 billion in the prior year.
Analysts estimated earnings of $0.37 per share on revenues of $1.10 billion for the quarter.
For the full year 2015, the company still expects adjusted earnings of $1.64 to $1.74 per share, while analysts expect $1.69 per share.
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7.Knowles Corp. (KN)
Q2 net loss was $16.1 million compared with a net loss of $78.9 million, one year ago. Loss per share was $0.19 compared to a loss of $0.93. Non-GAAP net earnings was $7.3 million or $0.08 per share a year ago.
Analysts expected the company to report profit per share of $0.07 for the quarter.
Revenue was $240.9 million compared with $281.0 million, last year. Analysts expected revenue of $250.63 million for the quarter.
In the third quarter of 2015, Knowles expects revenue of $285 million to $305 million; and non-GAAP EPS of $0.07 to $0.15. The guidance for the quarter ending September 30, 2015, are: revenue in the range of $275 million to $295 million; and Non-GAAP EPS in the range of $0.25 to $0.33. Analysts expect the company to report earnings per share of $0.28 on revenue of $290.66 million.
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8.American Campus Communities, Inc. (ACC)
Net income for the second quarter totaled $15.6 million, or $0.14 per fully share, compared with net income of $13.4 million, or $0.12 per fully share a year ago.
Q2 FFO was $63.11 million or $0.55 per share vs. $61.62 million or $0.58 per share a year ago.
Q2 FFOM was $65.19 million or $0.57 per share vs. $62.32 million or $0.58 per share a year ago.
Revenue for the second quarter totaled $177.9 million, a 3.4 percent increase from $172.0 million a year ago.
Analysts expected the company to report net income of $0.57 per share on revenues of $168.9 million for the period.
FY Outlook
FFO will be in the range of $2.33 to $2.45 per fully share, and FFOM will be in the range of $2.30 to $2.42 per fully share; Consensus $2.38.
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9.Monolithic Power Systems (MPWR)
Q2 GAAP net income was $7.9 million or $0.19 per share vs. $6.4 million or $0.16 per share a year ago.
Q2 Non-GAAP net income was $18.8 million or $0.46 per share, vs. $14.6 million or $0.37 per share a year ago.
Q2 Net revenue was $81.4 million, 19.0% increase from $68.4 million a year ago.
Analysts expected the company to report net income of $0.45 per share on revenues of $80.96 million for the period.
Q3 Outlook
Revenue to be in the range of $89 million to $93 million; Consensus $89.43 million.
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10.Nevada Gold & Casinos, Inc. (UWN)
Q4 net income was $588.87 million or $0.04 per share vs. $646.09 million or $0.04 per share a year ago.
For the fourth quarter, the company reported net revenues of $16.3 million compared to $16.0 million a year ago.
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11.American Capital Agency Corp (AGNC)
Q2 net earnings were $505 million or $1.43 per share compared with $27 million or $0.08 per share last year.
Net interest income for the quarter was $333 million compared with $290 million in the prior year.
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12.Agree Realty Corporation (ADC)
Q2 FFO was $11.11 million or $0.62 per share compared with $8.09 million or $0.54 per share for the comparable period a year ago.
Q2 AFFO was $11.04 million or $0.62 per share compared with $8.28 million or $0.55 per share for the comparable period a year ago.
Q2 Net income attributable to the company was $10.26 million or $0.59 per share, compared with $2.65 million or $0.18 per share, for the comparable period a year ago.
Q2 revenue was $17.22 million vs. $12.9 million a year ago.
Analysts expected the company to report net income of $0.60 per share on revenues of $16.90 million for the period.
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13.MicroStrategy Incorporated (MSTR)
Net income for the second quarter was $22.5 million, or $1.95 per share as compared to net loss of $10.3 million, or $0.91 per share a year ago.
Second quarter revenues were $132.9 million versus $141.9 million a year ago.
Analysts expected the company to report net income of $1.39 per share on revenues of $127.99 million for the period.
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14.Harmonic Inc. (: HLIT)
GAAP net loss for the second quarter was $1.0 million, or $0.01 per share, compared with a GAAP net loss of $37.1 million, or $0.39 per share a year ago.
Non-GAAP net income for the second quarter was $4.2 million, or $0.05 per share, compared with $1.8 million, or $0.02 per share a year ago.
Net revenue for the second quarter was $103.1 million, compared with $109.6 million a year ago.
Analysts expected the company to report net income of $0.04 per share on revenues of $103.48 million for the period.
Q3 Outlook
Net revenue to be in the range of $92 million to $102 million; Consensus $110.7 million.
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15.Carmike Cinemas, Inc. (CKEC)
Q2 net loss was $1.4 million or $0.06 per share vs. net income of $3.2 million or $0.14 per share a year ago.
Q2 non-GAAP net income was $8.8 million or $0.36 per share vs. $4.5 million or $0.19 per share a year ago.
Q2 Total operating revenues were $219.1 million vs. $183.0 million a year ago.
Analysts expected the company to report net income of $0.49 per share on revenues of $218.27 million for the period.
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16.AvalonBay Communities, Inc. (AVB)
Q2 net income to stockholders was $172.3 million or $1.29 per share, compared to $158.1 million or $1.21 per share, last year. Funds from operations attributable to stockholders per share was $2.18 compared to $1.71. FFO per share adjusted for items, was $1.87 for the quarter.
On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $1.92 for the quarter.
Total revenue increased by 10.5%, to $457.46 million. Analysts expected revenue of $451.51 million for the quarter.
For the third quarter, the company expects projected EPS in the range of $1.54 to $1.58, and expects projected FFO per share in the range of $2.01 to $2.05. The company expects projected core FFO per share for the third quarter of 2015 to be in the range of $1.90 to $1.94. Analysts expect the company to report earnings per share of $1.84.
For the full year 2015, the company expects projected EPS in the range of $6.04 to $6.18, and expects projected FFO per share in the range of $7.91 to $8.05. The company expects projected core FFO per share to be in the range of $7.46 to $7.60 for the full year 2015. Analysts expect the company to report earnings per share of $7.51.
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17.Plum Creek Timber Co Inc (PCL)
Q2 net earnings were $21 million or $0.12 per share. This compares with a profit of $55 million or $0.31 per share last year.
Revenues for the quarter were lower at $302 million compared with $356 million in the prior year.
For the third quarter, the company expects earnings of $0.50 to $0.55 per share.
For the full year 2015, the company now expects earnings of $1.05 to $1.20 per share compared with prior guidance of $1.05 to $1.30 per share.
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18.UDR, Inc. (UDR)
Net income for the second quarter was $85.9 million or $0.33 per share, compared to $29.1 million or $0.12 per share for the year-ago quarter.
Funds from operations for the second quarter was $111.2 million or $0.41 per share, compared to $102.1 million or $0.39 per share in the prior year quarter.
FFO as Adjusted was $0.42 per share for the second quarter, compared to $0.39 per share in the second quarter of last year.
AFFO per share for the second quarter was $0.38, compared to $0.34 last year.
Total revenue for the second quarter rose to $215.86 million from $203.71 million a year ago.
Analysts expected the company to report FFO of $0.41 per share on revenue of $211.19 million for the second quarter.
Looking forward to the third quarter, the company forecasts FFO per share of $0.39 to $0.41, FFO as Adjusted per share of $0.39 to $0.41 and AFFO per share of $0.34 to $0.36. Analysts currently expect the company to report FFO of $0.41 per share for the third quarter.
For the full year 2015, the company forecasts same-store revenue growth of 5.00% to 5.50%, FFO per share of $1.64 to $1.68, FFO as Adjusted per share of $1.63 to $1.67 and AFFO per share of $1.46 to $1.50. Previously, the company forecast same-store revenue growth of 4.25% to 4.75%, FFO per share of $1.63 to $1.67, FFO as Adjusted per share of $1.61 to $1.65 and AFFO per share of $1.44 to $1.48.
Analysts currently expect the company to report FFO of $1.66 per share for the full year 2015.
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19.Rent-A-Center, Inc. (RCII)
Q2 net income was $23.2 million compared to $17.7 million, a year ago. Earnings per share was $0.43 compared to $0.33. Earnings per share, excluding special items, was $0.50, for the quarter.
Analysts expected the company to report profit per share of $0.49 for the quarter.
Consolidated total revenues increased 6.1 percent to $815.3 million and same store sales increased 7.5 percent over the prior year. Analysts expected revenue of $813.41 million for the quarter.
Consistent with the original 2015 guidance, Rent-A-Center expects third quarter EPS in the range of $0.40 to $0.46, and fourth quarter EPS of $0.63 to $0.72. The company expects full year 2015 EPS of $2.05 to $2.20. Analysts expect the company to report full year earnings per share of $2.13.
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20.GigOptix, Inc. (GIG)
Net income in Q2 was $0.5 million, or $0.02 per share vs. net loss of $2.0 million, or $0.06 per share a year ago.
Non-GAAP net income for Q2 was $2.1 million, or $0.06 per share, vs. $0.3 million, or $0.01 per share a year ago.
Total revenue in Q2 was $9.8 million vs. $8.0 million a year ago.
Analysts expected the company to report net income of $0.03 per share on revenues of $9.7 million for the period.
Q3 Outlook
Third quarter revenue to be approximately $10.3 million; Consensus $9.9 million.
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21. Smith Micro Software, Inc. (SMSI)
GAAP net loss for the second quarter was $1.2 million, or $0.03 per share, compared to a GAAP net loss of $5.7 million, or $0.15 per share a year ago.
Non-GAAP net loss for the second quarter was $0.4 million, or $0.01 per share, compared to a non-GAAP net loss of $2.4 million, or $0.06 per share a year ago.
Revenues were $9.4 million for the second quarter, compared to $8.5 million a year ago.
Analysts expected the company to report net loss of $0.01 per share on revenues of $9.8 million for the period.
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22.Cadence Design Systems Inc. (CDNS)
Q2 net earnings were $58.2 million or $0.19 per share compared with $23.3 million or $0.08 per share last year.
Adjusted earnings for the quarter were $0.27 per share compared with $0.21 per share a year ago.
Revenues for the quarter were $415.9 million compared with $378.8 million in the prior year.
Analysts estimated earnings of $0.24 per share on revenues of $416.4 million for the quarter.
For the third quarter, the company expects adjusted earnings of $0.25 to $0.27 per share on revenues of $423 million to $433 million. Analysts expect earnings of $0.26 per share on revenues of $429.8 million.
For the full year 2015, the company now expects adjusted earnings of $1.00 to $1.06 per share on revenues of $1.69 billion to $1.72 billion. Earlier it expected earnings of $0.96 to $1.06 per share on revenues of $1.68 billion to $1.72 billion.
Analysts expect earnings of $1.02 per share on revenues of $1.70 billion for 2015.
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23.Waste Connections Inc (WCN)
Q2 net earnings were $57.4 million or $0.46 per share compared with $62.7 million or $0.50 per share last year.
Adjusted earnings for the quarter were $0.50 per share compared with $0.53 per share a year ago.
Revenues for the quarter were higher at $531.3 million compared with $524.7 million in the prior year.
Analysts estimated earnings of $0.50 per share on revenues of $529 million for the quarter.
The company said it is on track to report about $2.11 billion in revenues in 2015, meeting or exceeding its expectations. Analysts expect revenues of $2.11 billion.
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24.Torchmark Corp. (TMK)
Q2 net income was $127.1 million compared to $130.9 million, a year ago. Earnings per share was $1.00 compared to $0.98. Net operating income was $1.05 per share, for the quarter.
Analysts expected the company to report profit per share of $1.06 for the quarter.
Total revenue was $1.03 billion compared to $991.04 million, a year ago. Analysts expected revenue of $1.00 billion for the quarter.
Torchmark projects that for the year ending December 31, 2015, net operating income per share will be in a range of $4.18 to $4.28. The company said the midpoint of $4.23 is $0.05 lower than previous guidance due to higher than expected direct response benefits expense. Analysts expect the company to report earnings per share of $4.29.
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25.Allison Transmission Holdings Inc. (ALSN)
Q2 net income was $54.4 million or $0.30 per share vs. $57.2 million or $0.31 per share a year ago.
Adjusted Net Income for the quarter was $98 million, compared to $117 million for the same period a year ago.
Net sales for the second quarter was $511 million, a 5 percent decrease from $536.1 million in the same period last year.
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