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Earnings roundup: Priceline, RedEnvelope

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February 14, 2008

Among the earnings stories for Thursday, Feb. 14, from AP Financial News:

NORWALK, Conn. (AP) -- Online travel company Priceline.com Inc. said Thursday its fourth-quarter profit more than doubled on a 62 percent jump in gross travel bookings.

NEW YORK (AP) -- Shares of RedEnvelope Inc. sank to an all-time low Thursday after the online gift retailer reported a fiscal third-quarter loss and said it is in danger of being unable to operate its business beyond June.

DENVER (AP) -- Fast-casual restaurant chain Chipotle Mexican Grill Inc. said Thursday fiscal fourth-quarter profit rose 62 percent, helped by sales at new stores and more customer visits, but results fell short of analyst expectations.

DULLES, Va. (AP) -- Satellite and rocket maker Orbital Sciences Corp. said Thursday that its fourth-quarter profit doubled, due partly to strong revenue from its advanced space programs business.

SUWANEE, Ga. (AP) -- Arris Group Inc., which develops cable phone and television services, said Thursday fourth-quarter earnings fell sharply because of a bigger tax bill.

ARLINGTON, Tenn. (AP) -- Medical device maker Wright Medical Group Inc. said Thursday its fourth-quarter profit fell on a mix of arbitration costs and restructuring charges.

BOISE, Idaho (AP) -- Utility operator Idacorp Inc. reported its fourth-quarter profit tumbled 43 percent as it ended a year marked by lower electric output from the company's dams.

FRANKLIN PARK, Ill. (AP) -- Shares of electronic components maker Rubicon Technology Inc. rose Thursday after it said it narrowed its fourth-quarter loss on strong sales of components used in LED graphic displays.

NEW YORK (AP) -- Shares of LivePerson Inc. fell in afternoon trading Thursday as Wall Street scrutinized growth projections for the customer service software maker's recently acquired Kasamba unit, an analyst said.

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