Novell Inc. (NASDAQ: NOVL) said Thursday that its fiscal third-quarter net income dropped 6%, missing analysts' expectations, as sales and margins decreased. Net income slipped to $15.7 million, or 4 cents a share, from $16.7 million, or 5 cents a share, in the year-ago quarter. On an adjusted basis, the company earned 6 cents a share in the latest quarter. Revenue declined to $199 million from $216.1 million in the same quarter last year.
J. Crew Group, Inc. (NYSE: JCG) reported late Thursday that its second-quarter net income nearly doubled to $34.9 million, or 53 cents a share, from $18.6 million, or 29 cents a share, in the year-ago quarter. Revenue increased 14% to $407.5 million from $357.6 million. Analysts, on average, expected the company to report earnings of 46 cents per share on revenue of $403.29 million. Looking ahead to the third quarter of fiscal 2010, the company expects earnings in the range of 55 cents to 60 cents per share. Analysts currently expect earnings of 71 cents per share for the third quarter. The clothing also lowered its fiscal 2010 earnings outlook. The clothing retailer now expects earnings in a range of $2.25 to $2.35 a share, down from its previous forecast in the range of $2.35 to $2.45 a share. Analysts currently anticipate earnings of $2.46 per share for the year. Shares of the company slumped more than 7% in after-hours trading.
Bebe Stores, Inc. (NASDAQ: BEBE) said Thursday that it swung to a fiscal fourth-quarter profit of $2.05 million, or 2 cents per share, from a loss of $0.32 million, or breakeven per share, in the prior-year quarter. Revenue slipped 2.1% to $127.42 million from $130.18 million. Analysts, on average, expected the company to report earnings of 1 cent a share on revenue of $123.19 million.
Aruba Networks, Inc. (NASDAQ: ARUN) reported that it swung to a fiscal fourth-quarter profit of $0.42 million, or breakeven per share, compared to loss of $4.50 million, or 5 cents per share, in the comparable quarter last year. On an adjusted basis, the company earned 10 cents per share in the latest quarter. On an adjusted basis, the company earned 10 cents per share in the latest quarter. Revenue climbed to $77.33 million from $53.33 million. Analysts, on average, expected the company to report earnings of 9 cents per share on revenue of $73.53 million.
OmniVision Technologies Inc. (NASDAQ: OVTI) said that it swung to a fiscal first-quarter profit of $16.9 million, or 30 cents per share, from a loss of $9.9 million, or 19 cents per share, in the same quarter last year. On an adjusted basis, the company earned 39 cents per share in the latest quarter. Revenue jumped to $193.1 million from $105.6 million. Analysts, on average, expected the company to report earnings of 35 cents a share on revenue of $204.09 million. Looking ahead to fiscal second quarter 2011, the company expects GAAP net income per share attributable to the company's stockholders in the range of 36 cents to 49 cents per share. Excluding an estimated expense and related tax effects associated with stock-based compensation, the company expects non-GAAP net income per share attributable to the company's stockholders in the range of $0.46 to $0.59 per share. The company anticipates fiscal second quarter 2011 revenues in the range of $220 million to $240 million. Analysts currently expect earnings of 41 cents per share on revenues of $221.78 million. OmniVision shares plunged more than 5% in extended trading.
Netezza Corporation (NYSE: NZ) reported that its second-quarter net income surged to $3.2 million, or 5 cents a share, from $730,000, or 1 cent a share, in the year-ago period. On an adjusted basis, the company earned 9 cents a share, in the latest quarter. Revenue jumped 45 percent to $63.8 million. Analysts, on average, expected the company to report earnings of 6 cents per share on revenue of $53.93 million. Shares of the company soared more than 15% in evening trading.
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