Also
* Reliance Steel & Aluminum Co. said second-quarter earnings fell as prices for carbon steel declined. The Los Angeles-based company reported earnings of $49 million, or $1.48 a share, compared with $52.8 million, or $1.62, a year earlier. Sales rose 7% to $816.3 million.
* Edwards Lifesciences Corp. reported second-quarter profit of $13.9 million, or 22 cents a share, down 45% from $25.5 million, or 41 cents, a year earlier. Discounting one-time charges, the Irvine company said, earnings rose 22% to $32.3 million. Sales rose 10.1% to $258.2 million.
* Apria Healthcare Group Inc. reported lower second-quarter profit, as it was hurt by reduced Medicare reimbursements. The Lake Forest home healthcare provider posted net income of $22.8 million, or 46 cents a share, down 21% from a year earlier. Revenue rose 4.3% to $374.9 million.
* Stamps.com Inc. of Los Angeles swung to profit in the second quarter, reporting earnings of $2.1 million, or 9 cents a share, contrasted with a loss of $2.3 million, or 10 cents, a year earlier. Revenue rose 74% to $14.2 million. The company cited strong sales of PhotoStamps, which enables users to turn digital images into valid U.S. postage.
* Cathay General Bancorp, parent of Cathay Bank in Los Angeles, reported net income of $25.7 million, or 51 cents a share, for the second quarter, compared with $22.1 million, or 44 cents, a year earlier. Cathay Bank, with a core clientele of Chinese Americans, credited growth in all major loan categories.
* Hanmi Financial Corp., parent of Los Angeles-based Hanmi Bank, said second-quarter earnings doubled to $15 million, or 30 cents a share, from $7.5 million, or 18 cents, a year earlier, as its portfolio of loans grew sharply. The Korean American bank also said it reached an agreement with state and federal regulators to strengthen its safeguards against money laundering.
* Deckers Outdoor Corp., the Goleta, Calif.-based maker of Teva sandals and Ugg boots, said second-quarter profit plunged 47% to $2.7 million, or 21 cents a share. Sales were flat at $40.3 million.
