GameStop Corporation (GME) the biggest video game retailer, reported third quarter earnings of 32 cents per share, slightly above the Zacks Consensus Estimate of 31 cents. The reported earnings were 6% lower than prior-year quarter. Revenue for the quarter increased 8.2% to $1,834.7 million compared to $1,695.7 million reported in the year-ago quarter. The company’s top-line benefited from strong new title releases and price cuts on all current generation platforms. While new software sales grew 9.4%, used product sales increased 19.4% during the quarter. However, comparable store sales dropped 7.8% due to a decline in new video game hardware sales. New video game hardware sales fell 2%. The company opened 86 stores during the quarter, including 48 in the U.S. Gross margin increased 60 basis points year-over-year to 28.5% in the reported quarter. The margin improvement was a result of product mix shift from low-margin ...

Patterson Companies, Inc. (PDCO) reported fiscal second-quarter earnings per share of 41 cents, meeting the Zacks Consensus Estimate. However, earnings were better than the year-ago figure of 40 cents.   Sales   Total sales in the reported quarter increased 7% year over year to roughly $815 million. In terms of business segments: Dental Supply revenues were approximately flat year over year at $537.2 million. Veterinary Supply sales increased 30% year over year to $160.7 million. Growth can be attributed to strong demand for the company’s own products and the acquisition of Columbus Serum in October 2008.   Rehabilitation Supply revenues increased 18% year over year to $117.1 million primarily due to the company’s internal sales growth and acquisitions.   In terms of products: Consumable and printed products sales increased 9.1% year over year to $538.7 million. Equipment and software sales increased 4.5% year over year to $210.0 ...

Strong Second-Quarter Results Electronic Arts Inc. (ERTS) reported better-than-expected second-quarter results with a steep rise in net earnings and growth in revenue. Net income, excluding non-recurring items of 6 cents per share increased 200% from the year-ago loss per share of 6 cents. Earnings also surpassed the Zacks Consensus Estimate of a loss of 6 cents. Effective cost management and a lower tax rate have driven earnings growth. Due to the higher cost of sales, gross margin on a non-GAAP basis declined to 48% from 51% in the year-ago period. However, lower operating expenses in the quarter resulted in a better-than-expected operating margin, which improved to 2% from -3% in the year-ago period. The company continues to experience a rise in the top-line. Total non-GAAP net revenue, adjusted for deferred revenue of $359 million related to certain online-enabled packaged goods and digital content, increased ...

JDA Software Group Inc. (JDAS) posted third-quarter results after the closing bell on Monday. The company reported a GAAP net loss of $2.3 million, which included a payment of $8.6 million related to repurchase of preferred stock, compared to a GAAP net income of $8.2 million in the year-ago quarter. Excluding the preferred stock payment and other special items, pro forma earnings per share came in at 37 cents, which topped the Zacks Consensus Estimate by 4 cents. JDA Software is a leading provider of enterprise solutions designed to enable planning, optimization and execution of supply chain processes. The company offers its solutions to its worldwide customer base of more than 5,800 retailers, manufacturers, wholesaler-distributors and services industries companies. The Scottsdale, AZ-based company said total revenue dipped 2.6% to $95.9 million, compared with $98.4 million in the year-ago period. Product revenue declined 10.3% year over ...

China Crescent Enterprises, Inc., a technology leader in the rapidly developing Chinese market, recently announced that the company generated $17 million in revenue and a record net income of $1.1 million for the first six months of 2009. The company is on track to reach its forecasted $50 million in profitable revenue for 2009 due to the $45 million in recently announced outsourcing or pending contracts.

China Crescent Enterprises focuses on serving second-tier cities, small-to-medium enterprises and rural markets in China. In February 2009, the Chinese government launched a subsidy program to fuel PC sales in rural China and selected 14 vendors as dedicated suppliers for its subsidy program, including Lenovo and Dell, both of which are value-added resellers for China Crescent Enterprises.

Despite the current slowdown in PC sales worldwide, a recovery is expected in 2010 fueled by virtually untapped markets, such as rural China. China Crescent’s sales have been

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GameStop Corporation (GME), the biggest video game retailer, reported dismal second-quarter results with a low-single-digit decline in the top line, but a double-digit fall in the bottom line. These were driven by sluggish demand for video game consoles and new software due to the lack of a popular game title release. However, the company’s share in the new video game market increased by 2.0%. Earnings per share (EPS) for the quarter under review came in at 23 cents, below the Zacks Consensus Estimate of 29 cents, and plummeted 32.4% year over year from 34 cents reported in the prior-year quarter. Revenue for the quarter declined 3.7% to $1,738.5 million compared to $1,804.4 million reported in the year ago quarter, following an increase of 9.2% in the first quarter of 2009.   By sales mix – New video game hardware sales fell 20.6% to $301.3 million, ...

RadioShack Corporation (RSH) reported second-quarter results on July 27 that surprised by 10 cents, or 34.48%.

Earnings per share rose 7 cents to 39 cents from 32 cents in the year ago period. The Zacks Consensus Estimate called for 29 cents.

Net sales fell 2.9% to $965.7 million compared with $994.9 million for the year ago period. The decline was primarily due to a 4.6% decrease in sales generated by company-operated stores, a 3.2% decrease in kiosk sales, and an 18.8% increase in other sales.

Same-store sales declined 4% compared to a year ago. Sales declined in wireless accessories, digital-to-analog converter boxes, GPS products, music players and digital cameras. However, sales of netbooks, television antennas, prepaid wireless handsets, digital televisions and Voice over Internet Protocol Products rose.

Inventories fell by $48.1 million over the year ago period.

The company also grew its cash and cash equivalents to

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Merge Healthcare Incorporated (MRGE) yesterday reported results for the second quarter of 2009. The company was able to significantly improve its operations. Operating income was at its highest in the last three years at $4.1 million. Operating margin was 26.8%, an increase of 164.3% year over year. Growth can be attributed to the company’s headcount reduction in 2008.   The company was able to lower operating expenses across all fronts. Sales and marketing, general and administrative, research and development, restructuring and other expenses, on total revenue, declined 5.5%, 49.8%, 9.6%, and 80.4% year over year, respectively.   Gross margin increased 14% year over year to 74.8% in the quarter. We think that growth was primarily due to greater percentage of higher margin OEM software sales. Gross margin on Software and other was 90.2%, compared to 78.8% in the year-ago quarter. Service and maintenance had a gross margin of 62.5%,

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For Immediate Release

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Today, Voiceserve Inc. announced that it has achieved record revenues for the fiscal year ending March 31, 2009. Revenues for the year ended March 31, 2009 were $1,931,529, an increase of approximately 107% over last year’s numbers. Comparatively, cost of revenues for 2009 was $1,302,113 versus $836,877 in 2008. The increase in cost of revenues in 2009 relates to a dramatic increase in sales. It is also the result of Voiceserve’s addition of more technology service professionals to service the current clientele.

The gross profit for year end March 2009 was $629,416 compared to $97,605 for 2008. The gross margin in 2009 was 33%. Operating expenses for year end March 2009 were $998,767 as compared to $934,401 for year end March 2008, due in part to higher advertising and selling expenses. Net loss was US$(371,013) in the fiscal year ending March 31, 2009, compared to US$(835,597) in the fiscal year

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