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SRA Profit Up Slightly; CACI International's Down
Sinclair Broadcast Group said revenue rose in the third quarter because of political advertising.
(By Steve Ruark -- Associated Press)
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· Trex Co. of Winchester, which makes simulated wood deck and railing products, said third-quarter profit declined on a slowdown in deck installations and forecast a fourth-quarter loss.
Profit was $4.6 million (31 cents a share), down from $5.2 million (35 cents). Revenue rose 1 percent, to $78.1 million.
The company said that it typically reports a loss in the fourth quarter because of the seasonal nature of deck installations but that this year's slowdown was more pronounced than usual as distributors and dealers reduced inventories. Trex said it plans to temporarily shut down some manufacturing lines. Shares fell $5.52, to $20.90.
· Advancis Pharmaceutical Corp. of Germantown lost $9.9 million (33 cents a share) in the third quarter, compared with a loss of $5.9 million (20 cents). Revenue doubled, to $2.4 million, on sales of its Keflex oral antibiotic. Shares closed at $4.07, up 8 cents.
· TNS Inc. of Reston, which provides communications for electronic financial transactions, lost $1.8 million (8 cents a share) in the third quarter, compared with a profit of $2.6 million (12 cents). The company said the recent quarter's losses stemmed largely from severance costs. Revenue rose 13 percent, to $73.2 million. Shares rose 14 cents, to $16.66.
· Opnet Technologies Inc. of Bethesda, a provider of network management software, earned $1.7 million (8 cents a share) in its fiscal second quarter ended Sept. 30, up from $440,000 (2 cents). Revenue increased 29 percent, to $23.6 million. Shares fell $1.05, to $13.57.
· Sinclair Broadcast Group Inc. of Hunt Valley said third-quarter profit fell to $22.6 million (25 cents a share), from $31.2 million (36 cents) a year earlier, when the sale of assets in Kansas City added $17.5 million. Revenue rose 2 percent, to $168.5 million, largely on political advertising. Shares closed at $9.03, up 1 cent.
