While the official earnings season has already ended, many companies are still publishing their quarterly results. On Wednesday the following small and medium sized companies opened their books.
ePLUS (PLUS) the provider of selling, leasing and financing of management information systems and software released its fourth quarter report today. ePLUS reported a 24% increase in quarterly revenues to $219 million. Net income came in at $3.9 million, or $0.49 per share compared to earnings of $0.42 last year. The company remains committed to its strategic plan to build a national footprint by organic growth and through acquisitions. Shares ended the day flat and are up 14% since the beginning of the year.
Korn/Ferry International (KFY) the provider of management talent solutions reported its fourth quarter results today. Korn/Ferry reported a 1% increase in quarterly revenues to $207.6 million. The company reported a 42% decline in net profit to $12 million, or $0.25 per diluted share. Shares fell 4.3% in today's trading session after CEO Burnison warned that most businesses are "fighting seemingly increasing headwinds". Additionally, the outlook for the first quarter of its fiscal year of 2013 came in on the low side. Korn/Ferry expects first quarter diluted earnings per share of $0.14-$0.22 on revenues coming in between $172 million and $188 million. Shares have fallen 23% so far this year.
Culp (CFI) the manufacturer of mattress fabrics reported its fourth quarter results today. Adjusted net income rose 14% to $4.5 million, or $0.35 per share, while total revenues rose 25% to $75.7 million. For the first quarter of its fiscal 2013 Culp expects 6-11% revenue growth driven by strong mattresses sales. Pre-tax income is expected to come in between $3.6 and $4.4 million. Investors are not impressed with the results and the corresponding outlook for the coming quarter. Shares ended the day 5.8% lower but still trade up 8% since January 1st.
Luby's (LUB) the owner of restaurant chains and service food contract provider reported its third quarter results today. The company reported a 1% increase in quarterly revenues to $84.1 million driven by a 1.1% growth in same store sales. Income from continuing operations came in at $2.5 million, or $0.09 per share. CEO Pappas is delighted with the results and attributes the improvement in operating margins to his dedicated team. For the full year of 2012 the company expects same store sales growth to come in between 1.5% and 2% resulting in full year earnings of $0.18-$0.21 per share. Shares of Luby's fell 2.4% in today's session but are up 27% since the start of this year.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.