Scotts Miracle-Gro Co (NYSE:SMG) stock rose 1% to $41.79,
well off session low of $38.94 after the company reported third-quarter net
income of $93.3 million or $1.50 per share, down from $111.6 million or $1.69
per share in the same quarter last year. Adjusted income from continuing
operations was $99.4 million, or $1.60 per share. Sales in the quarter were
$1.06 billion, the same as a year ago. Analysts expected the company to report
earnings of $1.90 per share on revenues of $1.11 billion for the quarter.
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Additionally, the company announced its Board of
Directors has approved an 8% increase in the quarterly dividend to $0.325 per
share. The fourth quarter dividend is payable September 10 to shareholders of
record on August 27.
Post Holdings Inc (NYSE:POST) reported a third-quarter
profit of $15.8 million or $0.46 per share, up from $1.6 million or $0.46 per
share in the same period last year. Last year's earnings included $32.1 million
in impairment of intangible assets. Revenues totaled $241.9 million, down from
$247.7 million in the same quarter last year. Analysts expected the company to
earn $0.41 per share for the quarter. Shares of POST are down 2%.
Dunkin Brands Group Inc (NASDAQ:DNKN) stock fell 1.34%
to $30.29 after the company announced that certain of its stockholders (the
Selling Stockholders) intend to offer for sale in an underwritten secondary
offering approximately 21 million shares of its common stock. The Selling
Stockholders will receive all of the proceeds from this offering. No shares are
being sold by the Company. Citigroup will act as sole underwriter for the
offering.
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In addition, the Company announced that it has
entered in a share repurchase agreement with certain of the Selling
Stockholders pursuant to which it intends to repurchase 15 million shares of its
common stock from such Selling Stockholders concurrently with the closing of
the offering.
Bottomline Technologies (NASDAQ:EPAY) posted fourth
quarter revenues of $61.4 million, an increase of $7.1 million, or 13%, from
the fourth quarter of last year. Gross margin for the fourth quarter was $33.5
million, an increase of $4.7 million from the fourth quarter of last year. Net
loss was $1.2 million, or net loss per share of $0.03. Core net income for the
fourth quarter was $9.1 million or core earnings per share were $0.26. Shares
of EPAY soared 21.30% to $21.30.
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Digital Generation Inc (NASDAQ:DGIT) shares fell
7.14% to $10.40 in pre-market hour after the company posted second quarter
consolidated revenue of $96.3 million, an increase of 42%, as compared to $67.9
million in the same period of 2011. The company's second quarter income from
continuing operations was $0.5 million, or $0.02 per diluted share. Second
quarter Adjusted EBITDA was $30.4 million, compared to $31.2 million in the
second quarter of 2011. Shares of DGIT slumped 15%.
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