7:57AM Steve Madden beats forecast (SHOO) by Steve Gelsi
Steve Madden (SHOO) said first-quarter net income was $4.1 million, or 30 cents per share, up from $3.7 million, or 29 cents per share in the year-ago period. Two analysts track the company, according to earnings tracking firm First Call/Thomson Financial. Their forecast was for earnings of 27 cents per share. Net sales increased to $66.6 million, compared to $53.4 million. On April 4, shoe designer Steve Madden was sentenced to almost 3 1/2 years in prison for cheating investors in a stock fraud scheme. Shares of the shoe company rose 53 cents to $19.53 on Tuesday.
7:47AM Oxford Health's Q1 earns tops estimates (OHP) by Tomi Kilgore
Oxford Health Plans (OHP) reported first-quarter earnings that rose over year-earlier levels and exceeded consensus analyst expectations as compiled by Thomson Financial/First Call, due to "significant" enrollment growth, coupled with a better-than-expected medical loss ratio. The stock, which reached a 52-week high of $48.30 in intraday trading on Monday, closed Tuesday up 77 cents at $46.16 on Tuesday.
7:32AM Oxford Health beats forecast on enrollment growth (OHP) by Steve Gelsi
Oxford Health Plans (OHP) said first-quarter net income was $71.4 million, or 78 cents per share, compared to net income of $67.6 million, or 65 cents per share in the year-ago period. The latest number beat by 4 cents the forecast for earnings of 74 cents per share in a survey of analysts by Thomson Financial/First Call. Enrollment growth together with a better than expected medical loss ratio boosted first-quarter results. Revenue was $1.17 billion, compared to $1.08 billion last year. Shares rose 77 cents to $46.16 on Tuesday. The company projects full year 2002 net fully insured commercial enrollment growth of about 4 percent, excluding its MedSpan acquisition. |
