NW CORPORATE RESULTS | Dollar figures in thousands, except per share; parentheses denote losses. Coinstar Self-service coin-counting machines...

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NW CORPORATE

RESULTS |

Dollar figures in thousands, except per share; parentheses denote losses.

Coinstar
Self-service coin-counting machines
Dec. 31 %
4th QTR 2007 2006 CHG
Profit ($37,222) $5,040
Per share (1.34) 0.18
Sales 133,314 138,047 -3.4
ANNUAL 2007 2006 CHG
Profit ($22,253) $18,627
Per share (0.80) 0.66
Sales 546,297 534,442 +2.2
COMMENT: The Bellevue company said its entertainment division, which includes kiddie rides, toy and gumball dispensers, and crane-operated toy machines, suffered last year amid economic uncertainty and consumers’ concerns about Chinese-made products. Looking ahead, Coinstar expects to benefit from plans announced Thursday to add up to 2,700 DVD movie-rental kiosks in Wal-Mart stores over the next 12 to 18 months. Coinstar already has 800 DVD kiosks in Wal-Mart stores. Also Thursday, the company said it will install up to 1,600 new coin-counting machines in Wal-Mart stores by the middle of next year, bringing its total to about 2,000. Coinstar said it will remove or move about half of its entertainment machines from the front of Wal-Mart stores to help the world’s largest retailer increase traffic flow. Separately, Coinstar Chief Executive Dave Cole said the company has been testing 20 self-service coffee machines in grocery stores with Seattle’s Best Coffee, a Starbucks brand, and will expand the test to about 100 machines in eight states by the end of March.

Expedia

Online travel services
Dec. 31 %
4th QTR 2007 2006 CHG
Profit $65,357 $67,140 -2.7
Per share 0.22 0.20 +10.0
Sales 665,302 531,288 +25.2
ANNUAL 2007 2006 CHG
Profit $295,864 $244,934 +20.8
Per share 0.94 0.70 +34.3
Sales 2,665,332 2,237,586 +19.1
COMMENT: The Bellevue company said its fourth-quarter-revenue growth was driven by its worldwide merchant-hotel business and increased advertising sales. Expedia attributed a year-over-year decline in its fourth-quarter profit to higher foreign-exchange losses, borrowing costs and effective tax rate.

Intermec

Bar-code scanners
Dec. 31 %
4th QTR 2007 2006 CHG
Profit $16,445 $2,856 +476
Per share 0.27 0.05 +440
Sales 253,374 218,754 +15.8
ANNUAL 2007 2006 CHG
Profit $23,052 $32,000 -28.0
Per share 0.38 0.50 -24.0
Sales 849,220 849,969 0
COMMENT: Fourth-quarter and full-year comparisons for the Everett-based maker of supply-chain-management devices were skewed by $11.6 million in restructuring charges in the previous year, as well as a $16.5 million gain on an intellectual-property settlement and a $3 million loss from discontinued operations. Excluding all those items, operating profit grew 17.8 percent in 2007. Intermec projected that first-quarter revenue will come in between $208 million and $213 million, with profit ranging from 10 to 13 cents a share.

Seattle Genetics

Biotechnology
Dec. 31 %
4th QTR 2007 2006 CHG
Profit ($14,941) ($10,020) -49.1
Per share (0.22) (0.20) -10.0
Revenues 7,836 2,583 +203
ANNUAL 2007 2006 CHG
Profit ($48,932) ($36,015) +35.9
Per share (0.80) (0.74) +8.1
Sales 22,420 10,005 +124
COMMENT: The Bothell company’s quarterly and annual losses widened as it ramped up its clinical-development programs. Its revenue also rose due to a lucrative deal with biotech giant Genentech. Seattle Genetics is the area’s second-largest independent biotech.