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Earnings Analysis: 
Estee Lauder, Allergan Net Rise; Cigna, Tyson Foods Net Fall
Author: Mukesh Buch
123jump.com
Last Update: 10:06 AM ET February 03 2012



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10:45 AM New York – Beam fourth quarter net increased 10% to $94.1 million. Cardinal Health second quarter net soared 22% to $262 million. Cigna fourth quarter net decreased to $290 million. Estee Lauder second quarter net increased 15% to $396.7 million. Wisconsin Energy fourth quarter net decreased to $116 million.

Earnings Review

Aon Corporation (AON), the insurance and risk management service provider reported fourth quarter revenue increased 9% to $1.40 billion from $1.31 billion in the same quarter last year. Net earnings in the quarter increased to $277 million or 82 cents per diluted share compared to $231 million or 67 cents per diluted share in the year ago earlier.

Allergan, Inc. (AGN), the multi-specialty health care company reported fourth quarter revenue increased 9% to $1.40 billion from $1.31 billion in the same quarter last year. Net earnings in the quarter increased to $279.8 million or 90 cents per diluted share compared to $263.1 million or 85 cents per diluted share in the year ago earlier.

For 2011 revenue soared 36% to $5.42 billion from $4.92 billion in last year. Net earnings for the year surged to $934 million or $3.01 per diluted share compared to $0.60 million or break even per share in the prior year.

Atmel Corporation (AMTL), the microcontroller maker expects 2011 fourth quarter revenues to be dropped 20% to approximately $384 million from third quarter. Previous guidance for revenue was in the range of 12 to 16% or $403 million to $422 million.

Beam Inc., formerly Fortune Brands, Inc. (BEAM), the holding company reported fourth quarter revenue rose to $637.5 million from $629.8 million in the same quarter last year. Net income in the quarter increased 10% to $94.1 million or 59 cents per diluted share compared to $85.4 million or 55 cents per diluted share in the year ago earlier.

Cardinal Health, Inc. (CAH), the healthcare services provider reported second quarter revenue increased 7% to $27.1 billion from $25.4 billion in the same quarter last year. Net earnings in the quarter soared 22% to $262.0 million or 75 cents per diluted share compared to $215.4 million or 61 cents per diluted share in the year ago period.

Cigna Corporation (CI), the insurance company reported fourth quarter revenue flat to $5.46 billion from $5.43 billion in the same quarter last year. Net income in the quarter decreased to $290 million or $1.04 per diluted share compared to $461 million or $1.69 per diluted share in the year ago earlier.

The Estee Lauder Companies Inc. (EL), the personal care products maker reported second quarter net sales increased 10% to $2.74 billion from $2.49 billion in the same quarter last year. Net earnings in the quarter increased 15% to $396.7 million or $1.00 per diluted share compared to $343.9 million or $0.86 per diluted share in the year ago quarter.

The Clorox Company (CLX), the consumer and institutional products maker reported second quarter sales grew 4% to $1.22 billion from $1.18 billion in the same quarter last year. Net earnings in the quarter surged to $105 million or 79 cents per diluted share compared to $21 million or 15 cents per diluted share in the year ago earlier.

Tyson Foods, Inc. (TSN), the food processing company reported first quarter sales increased 9% to $8.33 billion from $7.62 billion in the same quarter last year. Net earnings in the quarter slipped to $156 million or 42 cents per diluted share compared to $298 million or 78 cents per diluted share in the year ago period.

Wynn Resorts, Limited (WYNN), the casino resorts reported fourth quarter revenue rose to $1.34 billion from $1.24 billion in the same quarter last year. Net earnings in the quarter increased to $190.5 million or $1.52 per diluted share compared to $114.2 million or $0.91 per diluted share in the year ago.

For 2011 revenue soared 26% to $5.27 billion from $4.18 billion in last year. Net earnings for the year surged to $613.4 million or $4.88 per diluted share compared to $160.1 million or $1.29 per share in the prior year.

Wisconsin Energy Corporation (WEC), the electric utility reported fourth quarter revenues flat to $1.11 billion from $1.09 billion in the same quarter last year. Net income in the quarter decreased to $116.0 million or 50 cents per diluted share compared to $125.9 million or 53 cents per diluted share in the year ago period.
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Market data: BATS Exchange. Inc.

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