International Business News - TRIN http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif VanceInfo Technologies Inc., an offshore software developer in China with clients including Microsoft and IBM, said Thursday its second-quarter profit surged by more than half, beating Wall Street expectations. http://www.ibtimes.com/articles/20080814/vanceinfos-2q-profit-surges-tops-street-forecast.htm Thu, 14 Aug 2008 10:02:48 EDT General Steel Holdings Inc., a China-based steel producer, said Thursday it swung to a loss in the second quarter because of a $28.7 million charge for the recalculation of the fair value of derivative liabilities. http://www.ibtimes.com/articles/20080814/chinas-general-steel-swings-to-2q-loss.htm Thu, 14 Aug 2008 09:55:21 EDT Jelly and jams maker J.M. Smucker Co. says first-quarter earnings increased 4 percent, helped by higher prices and acquisitions including Carnation and Knott's Berry Farm. http://www.ibtimes.com/articles/20080814/j-m-smucker-co-says-1q-earnings-up-4-percent.htm Thu, 14 Aug 2008 09:10:32 EDT A Lazard Capital Markets analyst raised his price target on Varian Medical Systems Inc. Thursday, forecasting an extended climb for shares of the medical device maker. http://www.ibtimes.com/articles/20080814/ahead-of-the-bell-varian-medical-systems.htm Thu, 14 Aug 2008 09:04:02 EDT Engine maker Briggs & Stratton Corp. on Thursday issued a fiscal 2009 profit forecast under Wall Street's expectations. For the fiscal year ending in June 2009, the company projects net income in the range of $42 to $46 million, or 85 cents to 93 cents per share. Analysts polled by Thomson Reuters, on average, predict $1.08 per share. http://www.ibtimes.com/articles/20080814/briggs-stratton-issues-09-prediction-below-view.htm Thu, 14 Aug 2008 09:03:34 EDT Engine maker Briggs & Stratton Corp. said Thursday its fiscal fourth-quarter earnings sank on a decrease in sales, higher costs and lower facility utilization in its power products segment. http://www.ibtimes.com/articles/20080814/low-sales-high-costs-hit-briggs-stratton-profit.htm Thu, 14 Aug 2008 08:56:34 EDT A Piper Jaffray analyst said Thursday that Amazon.com Inc. is still taking e-commerce market share and its third-quarter growth "appears intact." In a note to investors, Piper Jaffray analyst Gene Munster said that according to data from Internet data analysis company comScore Inc., Amazon's unique users rose 14 percent in July, which builds on the company's growth in the first half of the year. http://www.ibtimes.com/articles/20080814/ahead-of-the-bell-amazon-com.htm Thu, 14 Aug 2008 08:30:17 EDT Cosmetics maker The Estee Lauder Cos. on Thursday offered fiscal first-quarter and full-year guidance and said sales will be driven by international growth. http://www.ibtimes.com/articles/20080814/estee-lauder-sees-strong-intl-sales-in-2009.htm Thu, 14 Aug 2008 08:27:56 EDT Baked goods maker Flowers Foods Inc. raised its full-year guidance on Thursday, citing better year-to-date performance and recent acquisitions. The company said it now expects full-year income of between $1.17 per share and $1.23 per share. Sales are expected to be between $2.4 billion and $2.43 billion, it said. http://www.ibtimes.com/articles/20080814/flowers-foods-raises-2008-outlook-on-performance.htm Thu, 14 Aug 2008 08:14:16 EDT The J.M. Smucker Co., which makes jams, jellies and peanut butter, said Thursday fiscal first-quarter earnings rose 4 percent, helped by acquisitions and price increases. http://www.ibtimes.com/articles/20080814/price-increases-boost-j-m-smucker-1q-results.htm Thu, 14 Aug 2008 07:34:22 EDT Skin and cosmetic treatment maker Syneron Medical Ltd. said Thursday its profit grew 6 percent in the second quarter due to stronger international sales. http://www.ibtimes.com/articles/20080814/international-sales-boost-syneron-2q-profit.htm Thu, 14 Aug 2008 07:30:26 EDT Drug developer Corcept Therapeutics Inc. posted a bigger second-quarter loss as it continued development of its drug candidates. Late Wednesday, Corcept said it lost $4.4 million, or 9 cents per share, in the three months ended June 30. That is compared with a loss of $1.4 million, or 4 cents per share a year ago. The company did not report any revenue during the quarter, as it has no products on the market. It received $374,000 in collaboration revenue in the second quarter of 2007. http://www.ibtimes.com/articles/20080814/research-costs-lead-to-bigger-2q-loss-for-corcept.htm Thu, 14 Aug 2008 07:19:40 EDT Defense and homeland security contractor CACI International Inc. reported Wednesday that profit for its fourth quarter rose more than 13 percent on increased defense and intelligence business. http://www.ibtimes.com/articles/20080813/defense-contractor-caci-boosts-earnings-13-percent.htm Wed, 13 Aug 2008 20:55:39 EDT TechTarget Inc. on Wednesday forecast third-quarter revenue will rise in a range between about 7 percent and 12 percent compared with the same period a year ago, a projection in line with Wall Street expectations. http://www.ibtimes.com/articles/20080813/techtarget-3q-outlook-in-line-with-wall-street.htm Wed, 13 Aug 2008 20:45:35 EDT Photronics Inc. swung to a loss for its fiscal 2008 third quarter, missing Wall Street's estimates for both revenue and net earnings. The company late Wednesday reported a loss of $205.6 million, or $4.93 per share, on sales of $105.7 million for the three months ended July 27. That compares with a profit of $2.2 million, or 5 cents per share, on sales of $104.3 million in the same period a year ago. http://www.ibtimes.com/articles/20080813/photronics-swings-to-loss-in-fiscal-3q.htm Wed, 13 Aug 2008 20:41:09 EDT Hospital software maker MedAssets Inc. said Wednesday it was narrowing its 2008 earnings-per-share outlook and raising revenue projections to include the impact of a recently acquired private software company. http://www.ibtimes.com/articles/20080813/medassets-narrows-2008-outlook.htm Wed, 13 Aug 2008 20:39:51 EDT Spreadtrum Communications Inc., a Chinese technology company that has shares listed in the U.S., reported second-quarter profit Wednesday that narrowly missed projections. http://www.ibtimes.com/articles/20080813/spreadtrum-2q-misses-projections-trims-forecast.htm Wed, 13 Aug 2008 20:35:03 EDT Hospital software provider MedAssets Inc. said Wednesday that it lessened its second-quarter loss as an acquisition of a privately held software company helped boost sales. http://www.ibtimes.com/articles/20080813/loss-narrows-at-hospital-software-maker-medassets.htm Wed, 13 Aug 2008 20:31:18 EDT Wireless service provider Virgin Mobile USA Inc. said Wednesday its second-quarter profit dropped sharply as revenue declined and the company lost net subscribers. http://www.ibtimes.com/articles/20080813/virgin-mobile-usa-2q-profit-declines.htm Wed, 13 Aug 2008 20:27:15 EDT Data storage provider NetApp Inc. said Wednesday it expects fiscal second-quarter earnings of 16 cents to 19 cents per share. For the three months ending in October, the company forecast adjusted earnings of 27 cents to 30 cents per share, on sales of $910 million to $940 million. http://www.ibtimes.com/articles/20080813/netapp-posts-2q-profit-sales-outlook.htm Wed, 13 Aug 2008 19:43:29 EDT