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Thursday`s Notable Earnings (Patterson Companies, Inc., Royal Bank of Canada, Regis Corporation, A-Power Energy Generation Systems, Ltd.)

Thursday`s Notable Earnings

 



(EMAILWIRE.COM, August 27, 2010 ) New York, NY-Patterson Companies, Inc. (NASDAQ:PDCO) fell 4.91% to $25.36 on over 3.46 million shares. The company first-quarter net income improved 20% to $53.92 million or $0.45 per share from $45.06 million or $0.38 per share a year ago.


On average, 13 analysts polled by Thomson Reuters expected earnings per share of $0.44 for the quarter. Analysts' estimate typically excludes one-time items.


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Royal Bank of Canada (USA) (NYSE:RY) lost 2.77% to $46.34 after 1.27 million shares have been traded on the stock. The company said on Thursday its third-quarter profit fell 18 percent, missing analysts' estimates, as weak trading activity ate into capital markets income. Canada's largest bank earned a net C$1.28 billion ($1.2 billion), or 84 Canadian cents a share, in the quarter ended July 31. That compared with a year-earlier profit of C$1.56 billion, or C$1.05 a share.

The bank said income from its capital markets division dropped by C$361 million, or 64 percent, to C$201 million, due to weak trading activity during the quarter.

Regis Corporation (NYSE:RGS) dropped 1.05% to $16.95 on over 1.03 million shares. The company reported fourth-quarter net income of $18.34 million or $0.30 per share compared with a loss of $4.55 million or $0.11 per share last year.

On average, 10 analysts polled by Thomson Reuters expected earnings per share of $0.37 for the quarter. Analysts' estimate typically excludes one-time items.

A-Power Energy Generation Systems, Ltd. (NASDAQ:APWR) plunged 12.20% to close at $6.62 on over 2.64 million shares. The company reported an increase in profit for the second quarter, driven by higher revenues.

For the second quarter, net income attributable to the company increased to $11.65 million from $6.25 million in the year-ago quarter. On a per share basis, earnings rose to $0.25 from $0.14 in the comparable quarter of last year.

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Epic Stock Picks provides free Penny stock newsletters on various stocks including penny stocks of the day. EpicStockPicks.com team of experts delve into the micro and small-cap world of stocks, including big board pennies, searching for equities that are undervalued, yet show great promise of future growth.

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