Volcom Reports Quarterly Earnings

Volcom Inc.'s (VLCM) fourth-quarter net income rose 6.7% to $7.63 million, or 31 cents a share, from $7.15 million, or 29 cents a share, a year earlier.
The Costa Mesa, Calif., sportswear designer said revenue increased 37% to $56.6 million from $41.2 million a year ago.
On average, analysts polled by Thomson Financial predicted fourth-quarter earnings of 30 cents a share and revenue of $54.8 million.
Volcom expects first-quarter earnings of 15 cents to 16 cents and revenue of $48 million to $49 million.
Analysts predict first-quarter earnings of 19 cents a share and revenue of $51.2 million.
-Monica M. Clark; 201-938-5400; AskNewswires@dowjones.com > Dow Jones Newswires
02-22-07 1704ET
Copyright (c) 2007 Dow Jones & Company, Inc.

Volcom beat analyst's estimate for this quarter but announced lower than expected guidance for the first quarter of 07, although the guidance for the year was on the high end of the analyst's expectations. The stock is currently up a little over 8% for the day after the quarterly numbers produced mixed emotions after the closing bell yesterday (down 2%).
I still think Volcom's approach to the market is right, by sticking to their traditions and what have made them successful in the past they are securing long term growth.

The market has been good to me this earning season, long live the market!