Financial Report In this section:Tupperware's Global Portfolio Achieves Growth  First Quarter Results Pre-Paid Legal Pre-Paid Legal Services, Inc. (PPD—NYSE) announced financial results for the first quarter ended March 31, 2007. Membership revenue increased 2 percent to $103.9 million from $101.7 million for the same period last year. Net income increased 13 percent to $14.7 million from $13.1 million for the comparable prior year period. Diluted earnings per share for the quarter increased 29 percent to $1.08 per share from 84 cents per share for the prior year’s comparable quarter, higher than the net income increase due to the 13 percent decrease in the weighted average number of outstanding shares. Net cash provided from operating activities before changes in assets and liabilities for the quarter ended March 31, 2007, increased 12 percent to $16.8 million, compared to $15 million for the comparable period of 2006. During the first quarter, Pre-Paid Legal returned $14 million to shareholders through the repurchase of 328,823 shares of common stock at an average per share price of $42.55. First-quarter 2007 membership fees increased slightly to $103.9 million from $103.8 million for the fourth quarter of 2006. Associate services revenue increased during the 2007 first quarter by approximately $358,000 to $7.1 million from $6.7 million for the 2006 fourth quarter, and associate services and direct marketing expenses decreased by $1.1 million during the same period. Membership benefits totaled $36.8 million in the first quarter of 2007 compared to $37.1 million for the 2006 fourth quarter and represented 35 percent and 36 percent, respectively, of membership fees for the two periods. Pre-Paid Legal Services, Inc., offers one-of-a-kind, life-events legal service plans that provide for legal service benefits through a network of independent law firms across the U.S. and Canada. XELR8 XELR8 Holdings Inc. (BZI —Amex) announced results for the three months ended March 31, 2007. Net cash used by operations fell 84 percent to $177,000 from $1.13 million. Revenue of $870,000 was up 61 percent over $539,000, and represented record sales for a single quarter. Gross profit margin on sales rose to 65 percent from 55 percent. Net loss totaled $1.36 million, or 13 cents per basic and diluted common shares, a 12 percent decline from a net loss of $1.55 million, or 16 cents per basic and diluted common shares. XELR8 Holdings Inc. is a provider of nutritional foods and beverages designed to help enhance physical health and overall performance. Jump to: |