Cache Inc. (Nasdaq:CACH) reported results for the thirteen ("second quarter") and twenty-six week periods ("first six months") ended July 2, 2011. Net sales increased 6.5% to $60.3 million from $56.6 million in the second quarter of fiscal 2010. Comparable store sales increased 6.0%, which compares to an increase of 5.1% in the second quarter of fiscal 2010; Gross profit increased 10.4% to $27.5 million, or 45.7% of net sales from $24.9 million, or 44.1% of net sales in the second quarter of fiscal 2010; Operating income totaled $4.2 million, as compared to $1.4 million in the second quarter of fiscal 2010; and Net income totaled $2.8 million, or $0.22 per diluted share, as compared to net income of $897,000, or $0.07 per diluted share in the second quarter of fiscal 2010.
Cache, Inc. operates as a mall-based specialty retailer of women's lifestyle sportswear and dresses in the United States.
Cephalon Inc. (Nasdaq:CEPH) reported second quarter 2011 net sales of $730.1 million, a 2 percent increase compared to net sales of $712.4 million for the second quarter of 2010. Basic income per common share for the period was $1.54 compared to $1.18 for the second quarter of 2010. Excluding amortization expense and certain other items, adjusted net income for the second quarter of 2011 was $142.6 million, a 14 percent decrease versus the same period in 2010. Basic adjusted income per common share for the quarter was $1.86, a 15 percent decrease from the $2.20 for the second quarter of 2010.
Cephalon, Inc., a biopharmaceutical company, engages in the discovery, development, and commercialization of products for central nervous system, inflammatory disease, pain, and oncology therapeutic areas.
Cleantech Transit Inc (OTCPK:CLNO)
A huge percentage of the world's fossil fuels come from the world's most volatile places. By reducing dependence on oil derivatives, in turn can reduce dependence on foreign energy sources. By converting energy from waste Cleantech Transit hopes to help in increasing our country's energy security.
Biomass provides a cleaner and renewable source of energy as well as the ability to reduce dependence on oil. More and more uses are being discovered as research continues in this amazing field with the current emphasis being placed on the fact that Biomass is not only affordable but is also a safer alternative fuel. With this in mind, new bio fuels will become more easily available in the future which in turn provides a solution to some of the current ecological and atmospheric concerns.
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
Cleantech Transit, Inc. (OTCPK:CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
For more information about CLNO, visit www.cleantechtransitinc.com
Harmonic Inc. (Nasdaq:HLIT) announced its preliminary and unaudited results for the quarter ended July 1, 2011. Results for 2011 include contributions from Omneon Inc., acquired on September 15, 2010. Net revenue for the second quarter of 2011 was $134.0 million, up from $95.5 million in the second quarter of 2010. International sales represented 59% of total revenue for the second quarter of 2011. For the first six months of 2011, net revenue was $266.8 million, up from $180.4 million in the same period of 2010. Total bookings in the second quarter of 2011 were approximately $131.7 million, up from approximately $103.9 million for the second quarter of 2010.
Harmonic Inc. designs, manufactures, and sells video products and system solutions that enable service providers to deliver broadcast and on-demand services.
HF Financial Corp (Nasdaq:HFFC) announced it will adjust preliminary earnings reported for the fiscal year ended June 30, 2011, with an additional pre-tax charge for nonperforming assets of approximately $1.2 million. On July 25, 2011, HF Financial reported preliminary, unaudited earnings of $1.4 million, or $0.20 per diluted share in the fiscal year ended June 30, 2011, following a $3.9 million after-tax charge from the total liquidation of its $8.8 million portfolio of trust preferred securities. Capital ratios will continue to exceed well capitalized thresholds.
HF Financial Corp. operates as the holding company for Home Federal Bank that provides consumer and commercial banking services in the United States.
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