Seiko Epson posts group operating profit
Seiko Epson Corp. posted a group operating profit in the April-June quarter for the first time in two years, thanks to a turnaround in demand for printers and electronic parts, according to JPEA Photo Electro News. The company earlier had anticipated an operating loss for the quarter, but it posted 10.73 billion yen (US$126.3 million) [...]
CPI reports second-quarter sales down
CPI Corp., St. Louis, Mo., reported results for the fiscal 2010 second quarter ended July 24, 2010. Sales declined to $76.4 million from $81.4 million in the prior-year second quarter. Comparable same-store sales in the period decreased 8 percent versus the prior-year second quarter. Second-quarter PictureMe Portrait Studio brand comparable store sales decreased 5 percent [...]
Punch Graphix reports growth across all lines of business
Belgium-based Punch Graphix, holding company of the Xeikon and basysPrint brands, published its mid-year financial report, citing strong revenue and profit growth for both its equipment and consumable business. “Our recurring digital print consumable revenue is up significantly by 21 percent, proving Xeikon customers are growing their business and are printing more jobs due [...]
Half year results of the Spector Photo Group
The Spector Photo Group, Wetteren, Belgium, announced its results for the first half of 2010. Compared with the same period last year, sales decreased 12.5 percent to Euro 105.5 million (US-$ 133.7 million) with a loss from operations of Euro 6.3 million (US-$ 8.0 million), compared with a loss of Euro 3.5 million (US-$ 4.4 [...]
Fred’s reports 17 percent second quarter net income growth
Fred’s Inc., Memphis, Tenn., reported financial results for the second quarter and six months ended July 31, 2010. For the second quarter of 2010, Fred’s net income increased 17 percent to $5.0 million, compared with net income of $4.2 million in the year-earlier period. For the six months ended July 31, 2010, Fred’s net income [...]
Jo-Ann Stores announces second quarter increase
Jo-Ann Stores Inc., Hudson, Ohio, announced financial results for its fiscal 2011 second quarter ended July 31, 2010. Net income for the second quarter was $5.4 million, compared with a net loss of $3.2 million for the second quarter last year. Net sales for the second quarter increased 4.7 percent to $439.3 million from $419.4 [...]
Tamron sales on the rise
JPEA Photo Electro News reports Tamron Co. group revenue rose 18.2 percent year-on-year to 25.598 billion yen (US$301 million) thanks to sales of interchangeable lenses and lens units. Profits from operation turned black to 2.341 billion yen (US$27.54 million) and net profit of 1.6 billion yen (US$18.8 million). The company attributed the favorable results to [...]
myPhotopipe.com reports record revenue for first half of 2010
myPhotopipe.com Inc., Scottsdale, Ariz., announced its operating results for the second quarter and first half of 2010. Revenues increased 26.2 percent to $437,224 in the quarter ended June 30, 2010, compared with $346,314 in the corresponding period of the previous year. Income from operations totaled $14,462, compared with an operating loss of ($34,913) in the [...]
Leica Camera Group: Significantly improved first quarter results
The Leica Camera Group, Solms, Germany, closed the first quarter of fiscal 2010/2011 with sales of Euro 56.18 million (US-$ 71.67 million), an increase by 93.1 percent compared with the same period last year. The net result of the group improved by Euro 16.25 million (US-$ 2073 million) to a net profit of Euro 9.43 [...]
HP reports third-quarter revenue up 11.4 percent to $30.7 billion
HP Co., Palo Alto, Calif., announced financial results for its third fiscal quarter ended July 31, 2010, with net revenue of $30.7 billion, up 11.4 percent from the 27.6 billion from a year earlier including a favorable currency benefit of approximately one percentage point. Net earnings were $1.8 billion, compared to $1.76 billion the year [...]
