October 20, 2005
* VeriSign Inc., the main manager of the Internet address database, said third-quarter profit increased 10% after it won more security and website registration sales. The Mountain View, Calif., company reported net income of $44.6 million, or 17 cents a share, compared with $40.4 million, or 16 cents, a year earlier. Revenue rose 27% to $414.8 million. * K2 Inc., maker of Rawlings-brand and other sporting goods, said third-quarter net income rose 26.5% to $16.7 million as sales rose 2.
October 11, 2005 |
K2 Inc., maker of Rawlings-brand and other sporting goods, cut its 2005 forecast by as much as 19% because of reduced demand for paintball products. Net income will be 66 cents to 68 cents a share, down from as much as 81 cents in the company's prior forecast, Carlsbad, Calif.-based K2 said.
April 21, 2005 |
Sporting goods company K2 Inc.'s first-quarter profit fell 78% while sales rose 15%. The Carlsbad-based company said it earned $2.3 million, or 5 cents a share, compared with $10.7 million, or 27 cents, in the same period last year. The results were in line with analysts' expectations. Sales were $318.3 million compared with $277.4 million in the prior year's period.
March 2, 2005
* Sporting goods company K2 Inc. of Carlsbad, Calif., said its quarterly earnings quadrupled. Its net income for the fourth quarter rose to $8.8 million, or 18 cents a share, from $2.2 million, or 7 cents, a year earlier. Sales increased 75% to $338.9 million, the company said.
July 22, 2004
* K2 Inc., a Carlsbad, Calif., sports equipment maker, said second-quarter profit rose 7%, to $6.1 million, or 16 cents a share. Sales rose 26% to $251 million, thanks to higher sales of skis, snowboards, fishing tackle and several acquisitions.
June 17, 2004 |
U.S. ski maker K2 Inc. agreed to buy three sporting-goods companies for $208 million to increase apparel and equipment sales in Europe. K2 will buy ski-equipment manufacturers Volkl Sports Holding and Marker Group for $124 million, and Marmot Mountain Ltd., which makes ski apparel, for $84 million. K2 said the acquisitions would be completed next month and would add to 2004 earnings. Shares rose 90 cents, or 5.9%, to $16.10 on the NYSE.