Mississippi Business Journal » profits

Cal-Maine’s profits soar; Baker replacing Adams as chairman

Associated Press — Mon, 30 Jul 2012 15:17:14 +0000

JACKSON — Egg producer Cal-Maine Foods says its net income grew more than five-fold in its fiscal fourth quarter as it produced and sold more eggs in the period on stronger consumer demand and got a lift from a one-time gain related to a joint venture. Cal-Maine said its average selling price rose 9.7 percent [...]

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EastGroup’s earnings up 44% on property sale gains

Associated Press — Fri, 20 Jul 2012 22:53:46 +0000

JACKSON — EastGroup Properties’ profit jumped in the second quarter on property sale gains. The real estate investment trust said quarterly profit rose to $8.1 million, or 28 cents per share. That’s up 44 percent from $5.6 million, or 20 cents per share, in the year-ago quarter. Analysts polled by FactSet had on-average predicted 23 [...]

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Entergy Corp. amends as-reported earnings guidance

MBJ Staff — Wed, 18 Jul 2012 14:47:34 +0000

NEW ORLEANS — Entergy Corporation expects second quarter 2012 as-reported earnings of approximately $2.05 per share and operational earnings of approximately $2.10 per share. Results for second quarter 2011 were $1.76 per share on both an as-reported basis and an operational basis. Entergy also affirmed previously issued operational earnings guidance for 2012. As-reported results are [...]

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Hancock Fabrics’ sales up, but still records net loss

MBJ Staff — Mon, 11 Jun 2012 19:35:19 +0000

BALDWYN — Hancock Fabrics Inc., for its first quarter ended April 28, reports an operating loss of $1.2 million, compared to a $1.0 million loss in the first quarter of last year. The net loss was $2.4 million, or $0.12 per basic share, compared to a net loss of $2.2 million, or $0.11 per basic [...]

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Peoples Financial reports increased earnings, decreased loan losses

Associated Press — Tue, 01 May 2012 19:44:15 +0000

BILOXI — Peoples Financial Corporation, parent of The Peoples Bank, reported net income of $505,000 for the first quarter of 2012, a 15.3 percent increase over the first quarter of 2011. Loan volume increased 5.3 percent over the first quarter of 2011 to $428 million, compared to $407 million in the same period last year. [...]

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Hancock Holding: ‘Digesting’ Whitney acquisition

Associated Press — Fri, 27 Apr 2012 15:04:41 +0000

GULFPORT — Hancock Holding Co., which operates Hancock and Whitney banks along the Gulf Coast, said yesterday that it is making progress in digesting last year’s Whitney acquisition. Hancock merged with Whitney in June, making it hard to compare year-earlier results. The bank posted profit of $18.5 million, or 21 cents per share, in the [...]

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Trustmark’s profits soar on fewer bad loans, Florida acquisition

Associated Press — Wed, 25 Apr 2012 20:08:45 +0000

JACKSON — Trustmark Corp. said profits rose strongly in the first quarter as the bank set aside less for bad loans and earned a windfall on buying a Florida bank. The bank said it earned $30.3 million, or 47 cents per share, in the quarter that ended March 31. That’s 26 percent higher than the [...]

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Cal-Maine sees increased sales, but profits tumble 22 percent

MBJ Staff — Mon, 26 Mar 2012 19:46:33 +0000

JACKSON — Cal-Maine Foods Inc., the egg seller and distributor, said today that its fiscal third-quarter profit tumbled 22 percent, weighed down by rising feed costs. President and CEO Dolph Baker said in a statement that the company expects feed costs will remain very high and volatile throughout the summer due to tight supplies of [...]

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CEO says Greenwood Leflore Hospital is profitable

Associated Press — Tue, 13 Mar 2012 14:44:03 +0000

GREENWOOD — The CEO of Greenwood Leflore Hospital says the medical center made a more than $3 million profit in its latest fiscal year and continues to be in strong financial shape. Jim Jackson tells the Greenwood Commonwealth the facility reinvests that money to keep its facilities and technology up to date and attract physicians [...]

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Cal-Maine records more sales, improved earnings

Associated Press — Wed, 28 Dec 2011 14:10:14 +0000

JACKSON — Cal-Maine Foods Inc. sold more eggs at higher prices in its fiscal second quarter, boosting profit despite higher feed costs. The nation’s largest producer of fresh eggs, Cal-Maine’s profit rose to $23.3 million, or 97 cents per share, in the quarter ended Nov. 26. That’s up 53 percent from $15.2 million, or 64 [...]

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