GOL Linhas Aereas Inteligentes S.A. (GOL) has announced encouraging results for the third quarter of 2009. The company posted net income of R$77.9 million, with a net margin of 5.2%, versus a net income of R$353.7 million in the previous quarter and a net loss of R$510.7 million in the same period of 2008.  Reflecting the optimization of its cost structure and the focus on more profitable markets, GOL's operating results were positive for the fifth consecutive quarter, totaling R$99.1 million, with an operating margin of 6.6%.  The EBITDAR was R$298.7 million with a margin of 20.0% versus R$258.8 million in the previous quarter (18.6%) and R$253.7 million (14.2%) in the same quarter of previous year.  During the quarter, GOL announced a global share offering designed to strengthen its financial position and reclaim its status among the most competitive airlines in the world, with a ...

Yesterday, Gol Linhas Aereas Inteligentes S.A. (GOL) reported its preliminary traffic figures for September 2009. During the month, Gol recorded a 26.6% yearly growth in air traffic demand due to the increased supply and improved distribution of seats based on the merger between Gol and Varig (VRG), the continued revitalization of the SMILES program -- Latin America's largest mileage program, with more than 6.4 million members and successive fare reductions, which boosted demand sharply in September. Domestic market demand moved up by 36.4% over the same period in 2008 and by 6.5% over August 2009. However, international demand dropped by 22.4% year-on-year due to the reduction in the supply of seats on less profitable international routes. Nevertheless, international demand rose by 21.1% sequentially.   In line with its focus on optimizing operating profitability, the utilization ratio of Gol's operational fleet (measured in block hours) remained ...

Titan Machinery Inc. (TITN) reported fiscal second results on Sep 9 that surprised on the Zacks Consensus Estimate by 50%. The agriculture equipment retailer also confirmed its prior fiscal 2010 earnings guidance.

Earnings per share rose to 27 cents from 19 cents a year ago. The Zacks Consensus Estimate called for 18 cents per share.

Revenues jumped 43.2% to $193.2 million from $134.9 million in the year ago period. All three of the company's segments saw growth in the quarter. Equipment sales jumped 44.3% to $141.1 million from $97.8 million last year. Parts sales climbed 37.7% and service revenues grew 44.4% to $15.6 million from $10.8 million in the second quarter of last year.

For the first six months of the year, revenues grew 25% compared to fiscal 2009.

The agriculture equipment business remained strong as the company's customers continued to have access to credit and were investing in

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