Penske Automotive (PAG) posted a net income of $30.9 million or 34 cents per share from continuing operations in the third quarter. With this, the Michigan-based second leading automotive retailer in the U.S. exceeded the Zacks Consensus Estimate of 27 cents per share. When compared to the year ago level, net income reflects a rise of 16% from $26.6 million or 21% from 28 cents per share in the third quarter of last year. Total revenue dipped 13% to $2.59 billion. New Vehicle witnessed a steeper 14% decline in revenue to $1.34 billion compared to Used Vehicle (5% to $673 million). Total retail revenues slipped 10.4%, driven by weakness in the U.S. market. Same-store retail revenues fell 12.4% to $2.34 million. Excluding exchange rate fluctuations, total same-store retail revenues declined 8%, including 3.5% for service and parts revenues. Penske wholesaled 3,401 units of smart USA vehicles, ...

FUQI International, Inc. (FUQI) has soared 96.7% since we last reviewed it as a value stock on June 3. Surprisingly, it still has attractive value characteristics though it's not nearly as cheap as it was in June.

FUQI designs luxury metal jewelry in China. The Chinese jewelry market continues to see strong growth despite the global recession.

Second quarter results, reported on Aug 6, easily beat the Zacks Consensus Estimate by 40.63%. It was the fourth quarter in a row that the company surprised on the Zacks Consensus Estimate.

The company is seeing actual strong organic revenue growth. Revenues rose 50.6% in the second quarter to $100.8 million from $66.9 million a year ago. Both the wholesale and retail segments contributed to the gain. The bigger wholesale segment grew 39.9% to $92.5 million in the quarter. Retail revenues jumped 10.2%.

Full Year Guidance Raised Again

The company is

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Diversified energy utility DPL Inc. (DPL) beat the Zacks Consensus Estimate by 3 cents in the second quarter of fiscal 2009 with earnings of $0.37 per share. However, this was lower than the year-over-year EPS of $0.41.   Revenues were $17.6 million and $14.8 million short of the year-ago and the consensus estimate numbers, respectively. The deviation comes from lower retail sales volume and lower market prices. The downside was partially offset by higher average rates for retail sales, increased RTO capacity and other revenues, as well as increased wholesale sales volume.   As a result although electric sales volume fell in all the segments, retail revenues rose 1.5% year-over-year. Average price per kWh rose $0.59 cents to $8.87 in the quarter.   The effect of higher rates will be more pronounced from the third quarter since the Public Utilities Commission of Ohio (PUCO) has approved Dayton Power ...

DPL Reports Q1'09 Operating & Financial ResultsDPL Inc. (DPL) reported its financial results for its 1st quarter of fiscal 2009. DPL reported 1st quarter 2009 earnings of $0.61 per share, compared to $0.66 per share for the same period in 2008.  Total diluted shares outstanding were 112.7 million for the first quarter of 2009 and 116.4 million for the same period in 2008. In the reported quarter, revenues decreased $1.1 million to $415.0 million compared to $416.1 million in the year-ago quarter. This decrease was primarily the result of lower retail and wholesale sales volumes and lower average wholesale rates, partially offset by higher average retail rates and higher RTO capacity revenues.Retail revenues increased $2.2 million, resulting from higher average retail rates due largely to the continued recovery of environmental costs and the expiration of certain statutory and settlement rate discounts in ...