Earnings

Revenues, earnings ‘solid’ at CA Technologies

A nip-and-tuck bottom-line battle between software-based revenues and subscription fees turned profitable for CA Technologies, according to the digital solutions provider’s quarterly earnings statement. Reporting Oct. 27 on the second quarter of its 2017 fiscal year, the New York City-based software maker counted $1.02 billion in quarterly revenues, a 1.3 percent increase over 2Q FY2016. North American revenues increased 2 percent year-over-year while international revenues were reported flat. As for the overall quarterly revenue increase,…


Struggling Melville maker eyes electronics

Park Electrochemical Corp.’s fiscal 2017 slump continued in the company’s second quarter, according to an earnings report issued this month. Reporting Oct. 5 on its FY2017 second quarter, which ended Aug. 31, the Melville-based maker of printed circuit boards and composite materials for aerospace manufacturers noted sagging earnings and revenues, both well off their year-prior 2Q FY2016 levels. The company reported earnings of $2 million for the FY2017 second quarter, down 56.9 percent from the…


Army extends Comtech contract

Up, down, up at ‘transformative’ Comtech

Lower income but dramatically higher sales – both attributed to a key February acquisition – set a mixed fourth-quarter tone at Comtech Telecommunications Corp. The Melville-based maker of high-tech communications systems reported earnings Thursday for its fiscal year 2016 fourth quarter, which ended July 31, and for its full fiscal year, which also wrapped up on that date. Among the fourth-quarter highlights: net sales of $152.4 million, nearly double the $77.5 million reported in 4Q…


Waiting on ginning season, Applied DNA dips

Stony Brook-based Applied DNA Sciences reported another down quarter Thursday, with company officials blaming declines on shifting demands for the biotech’s proprietary security solutions. Reporting results for the third quarter of its fiscal 2016, which ended June 30, the company noted revenues of $653,000, a 71 percent dive from the $2.3 million reported in 3Q FY2015. The lower revenues – which actually bested the $573,000 reported in 2Q FY2016, which ended March 31 – were…


Sales drop, tax bite sting Chembio Diagnostics

Medford biotech Chembio Diagnostic Systems Inc. took it on the chin in the second quarter, with steep losses attributed to declining sales for its infectious-disease detectors and a one-time, multimillion-dollar tax provision. According to quarterly financials released Thursday, the company – dba Chembio Diagnostics – reported total revenues of $3.27 million in the quarter ended June 30, a 51 percent drop from the $6.72 million reported for 2Q 2015. Quarterly product sales plunged nearly 68…


Strong 2Q for ageless BioSpecifics Technologies

Significant progress in its clinical-development programs – and a chunky opt-in payment from a major international partner – won’t affect BioSpecifics Technologies Corp.’s financial fortunes until the third quarter, but the spry old timer of Long Island biopharmaceuticals is already riding high. The Lynbrook-based, circa-1957 “specialty pharmaceuticals corporation” – which produces collagenase-based therapies for Peyronie’s disease, which causes the penis to curve, sometimes painfully, during an erection – on Tuesday reported strong financial results for…


Following acquisition, global gains for Cemtrex

Thanks in part to a key international acquisition, Cemtrex Inc. surged through the third quarter of its 2016 fiscal year – the second straight three-month stretch featuring huge sales and income gains for the Farmingdale-based industrial manufacturer. Reporting Monday the quarter ended June 30, the global supplier of custom-engineered electronics, environmental monitoring/control products and industrial contracting services reported a 69 percent increase in sales compared to 3Q FY2015, rising to $24.7 million. Cemtrex also recorded an impressive…


Henry Schein CEO Stanley Bergman

New quarter, familiar fortunes for Henry Schein

It was another solid spring for Henry Schein Inc., which reported its second-quarter financials to investors Thursday. Setting the tone in the quarter ended June 25 were year-over-year gains in net sales and income, with each of the Melville-based healthcare-products provider’s individual business segments reporting improved bottom lines. Company-wide net sales for the second quarter were reported at $2.9 billion, a 9.3 percent increase over reported net sales in 2Q 2015. The increase overcame a…


Another strong quarter for Planet Payment

Slight year-over-year declines in net income and earnings dulled Planet Payment’s second-quarter financials, but reported revenues were strong – and the comfortably profitable company remains on-course for significant growth, according to Chairman and CEO Carl Williams. For the quarter ended June 30, the Long Beach-based provider of payment and multi-currency processing services reported revenues of $13.1 million, slightly better than the $12.7 million reported in 2Q 2015. Despite the roughly 3 percent revenue jump, Planet…


Restructuring plan dents Veeco’s second quarter

Thin-film equipment manufacturer Veeco Instruments took it on the fiscal chin in the second quarter, but the rough stretch is all part of the plan, according to Chairman and CEO John Peeler. For the quarter ended June 30, the Plainview-based manufacturer this week reported revenues of $75.3 million – a precipitous 42.7 percent drop from the $131.4 million reported in the second quarter of 2015. Veeco Instruments, whose thin-film equipment is primarily sold to global…


Planet Payment rises via Your Currency rollout

Year-over-year gains in total revenue and net income marked a strong first quarter for Planet Payment. The Long Beach-based provider of international payment, transaction-processing and currency-processing services reported earnings of $1.8 million for the quarter ended March 31, leading to adjusted earnings-per-share of 3 cents. Total revenue in the first quarter was $13.7 million, the company said Wednesday, a 13 percent increase over reported revenues in 1Q 2015. Quarterly net income also rose year-over-year, from…