Notable Earnings Season Winners

Following is some information on earnings surprises announced for the third quarter of 2011. The following companies announced earnings on November 3rd.

  • Convio, Inc. (NASDAQ:CNVO): This company reported earnings per share of $0.12 against consensus expectations of $0.10, for a surprise of 20.00%. About the company: Convio, Inc. develops and provides online software and services for non-profit organizations. The Company offers constituent relationship management software.
  • Salem Communications Corporation (NASDAQ:SALM): This company reported earnings per share of $0.06 against consensus expectations of $0.05, for a surprise of 20.00%. About the company: Salem Communications Corporation is a radio broadcasting company that provides programming targeted at audiences interested in religious and family issues. The Company owns and operates radio stations in large metropolitan markets. Salem also operates Salem Radio Network, a national radio network offering syndicated talk, news, and music programming to affiliated radio stations.
  • Smart Balance Inc (NASDAQ:SMBL): This company reported earnings per share of $0.06 against consensus expectations of $0.05, for a surprise of 20.00%. About the company: Smart Balance, Inc. produces and markets a variety of food products with the blend of natural vegetable oils, which are designed to help improve the cholesterol ratio. The Company, under the Smart Balance brand, have produced spreads, cheeses, peanut butter, and other foods.
  • SurModics, Inc. (NASDAQ:SRDX): This company reported earnings per share of $0.06 against consensus expectations of $0.05, for a surprise of 20.00%. About the company: SurModics, Inc. provides surface modification solutions to the medical device industry. The Company’s primary focus is the commercialization of its PhotoLink process through third-party licensing arrangements. SurModics’s process is a light-activated coating technology that modifies medical device surfaces by creating chemical bonds between those surfaces and a variety of chemical agents.
  • Physicians Formula Holdings, Inc (NASDAQ:FACE): This company reported earnings per share of ($0.04) against consensus expectations of ($0.05), for a surprise of 20.00%. About the company: Physicians Formula Holdings, Inc. develops and markets cosmetics products. The Company’s products include face powders, bronzers, concealers, blushes, foundations, eye shadows, eye liners, brow makeup and mascaras.
  • FreeSeas Inc. (NASDAQ:FREE): This company reported earnings per share of ($0.20) against consensus expectations of ($0.25), for a surprise of 20.00%. About the company: FreeSeas Inc. is involved in the transportation of dry bulk cargos through the ownership and operation of drybulk vessels.
  • Estee Lauder Companies, Inc. (NYSE:EL): This company reported earnings per share of $1.41 against consensus expectations of $1.18, for a surprise of 19.49%. About the company: The Estee Lauder Companies Inc. manufactures and markets a wide range of skin care, makeup, fragrance, and hair care products. The Company’s products are sold in countries and territories around the world.
  • Web.com Group, Inc (NASDAQ:WWWW): This company reported earnings per share of $0.31 against consensus expectations of $0.26, for a surprise of 19.23%. About the company: Web.com Group Inc. provides full-service web site solutions to small businesses. The Company offers marketing, e-commerce, and various other services.
  • SMART Technologies Inc. (NASDAQ:SMT): This company reported earnings per share of $0.25 against consensus expectations of $0.21, for a surprise of 19.05%. About the company: SMART Technologies Inc designs, develops and sells interactive technology solutions. The Company produces interactive white boards where the user can access the internet, control computer applications, write in digital ink and save and share work.
  • Belo Corporation Common Stock (NYSE:BLC): This company reported earnings per share of $0.13 against consensus expectations of $0.11, for a surprise of 18.18%. About the company: Belo Corporation owns and operates television stations, regional cable news channels, and Internet websites. The Company’s television stations are located in the southern, southwestern, and northwestern United States.

(Note: Data about the companies’ earnings are sourced from Yahoo! Finance. All data are assumed to be accurate.)

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