10:45 AM New York – Cognizant fourth quarter net increased to $240 million. Elan Corp. fourth quarter net loss widened to $134.7 million. Ingersoll-Rand quarterly net increased to $242.2 million. Sprint Nextel fourth quarter net loss widened 40% to $1.30 billion. Walt Disney first quarter net rose 12% to $1.46 billion. Western Union fourth quarter net surged 86% to $452.3 million.
Earnings Review
CVS Caremark Corporation (
CVS), the pharmacy services provider reported fourth quarter net revenue increased 15% to $28.3 billion from $24.6 billion in the same quarter last year. Retail Pharmacy same stores sales increased 3% and Pharmacy Services up 32% and Retail Pharmacy rose 4%. Net income in the quarter flat to $1.06 billion or 81 cents per diluted share compared to $1.03 billion or 75 cents per diluted share in the year ago.
For 2011 total revenue increased 12% to $107.1 billion from $95.8 billion in last year. Retail Pharmacy same stores sales increased 2% and Pharmacy Services soared 25% and Retail Pharmacy rose 4%. Net income for the year flat to $3.46 billion or $2.57 per diluted share compared to $3.43 billion or $2.49 per share in the prior year.
Cognizant Technology Solutions Corporation (
CTSH), the consulting service provider reported fourth quarter total revenue soared 27% to $1.66 billion from $1.31 billion in the same quarter last year. Net income in the quarter increased to $240.1 million or 78 cents per diluted share compared to $206.2 million or 66 cents per diluted share in the year ago earlier.
For 2011 total revenue increased 33% to $6.12 billion from $4.59 billion in last year. Net income for the year soared to $883.6 million or $2.85 per diluted share compared to $733.5 million or $2.44 per share in the prior year.
Cerner Corporation (
CERN), the healthcare devices and software maker reported fourth quarter total revenue soared 23% to $615.6 million from $500.2 million in the same quarter last year. Net earnings in the quarter increased to $91.2 million or 52 cents per diluted share compared to $70.6 million or 41 cents per diluted share in the year ago quarter.
Elan Corporation, plc (
ELN), the Ireland based biotechnology reported fourth quarter total revenue increased to $271.0 million from $308.9 million in the same quarter last year. Net loss in the quarter widened to $134.7 million or 23 cents per diluted share compared to $52.2 million or 9 cents per diluted share in the year ago earlier.
Ingersoll-Rand plc (
IR), the Ireland based diversified company reported fourth quarter total revenue decreased 5% to $3.5 billion from $3.7 billion in the same quarter last year. Net earnings in the quarter increased to $242.2 million or 76 cents per diluted share compared to $212.1 million or 62 cents per diluted share in the year ago.
For 2011 total revenue increased 6% to $14.8 billion from $14.0 billion in last year. Net earnings for the year declined to $343.2 million or $1.01 per diluted share compared to $642.2 million or $1.89 per share in the prior year.
Moody’s Corporation (
MCO), the credit rating provider reported fourth quarter revenue fell to $567.1 million from $564.3 million in the same quarter last year. Net income in the quarter dropped to $96.2 million or 43 cents per diluted share compared to $137.4 million or 58 cents per diluted share in the year ago earlier.
For 2011 revenue increased 12% to $2.28 billion from $2.03 billion in last year. Net income for the year increased to $571.4 million or $2.49 per diluted share compared to $507.8 million or $2.15 per share in the prior year.
Panera Bread Company (
PNRA), the bakery products maker reported fourth quarter total revenue increased 16% to $495.8 million from $428.2 million in the same quarter last year. Company’s comparable net bakery-cafe sales rose 5.9%. Net income in the quarter increased 6% to $38.6 million or $1.31 per diluted share compared to $36.5 million or $1.21 per diluted share in the year ago period.
Ralph Lauren Corporation (
RL), the apparel and accessories maker reported third quarter net revenues soared 17% to $1.80 billion from $1.55 million in the same quarter last year. Comparable Store Sales Rose 12%. Net income in the quarter flat to $169.0 million or $1.78 per diluted share compared to $168.4 million or $1.72 per diluted share in the year ago earlier.
Sprint Nextel Corporation (
S), the communication service provider reported fourth quarter net revenues increased 5% to $8.72 billion from $8.30 billion in the same quarter last year. Net loss in the quarter widened 40% to $1.30 billion or 43 cents per diluted share compared to $0.93 million or 31 cents per diluted share in the year ago period.
For 2011 net revenue rose 3% to $33.7 billion from $32.6 billion in last year. Net loss for the year narrowed 17% to $2.89 billion or $0.96 per diluted share compared to $3.46 billion or $1.16 per share in the prior year.
Time Warner Inc. (
TWX), the media and entertainment company reported fourth quarter revenues grew 5% to $8.2 billion from $7.8 billion in the same quarter last year. Net income in the quarter increased to $773 million or 76 cents per diluted share compared to $769 million or 68 cents per diluted share in the year ago.
For 2011 total revenue increased 8% to $29.0 billion from $26.9 billion in last year. Net income for the year increased to $2.89 billion or $2.71 per diluted share compared to $2.59 billion or $2.25 per share in the prior year.
The Walt Disney Company (
DIS), the broadcasting and cable TV operator reported first quarter revenues rose to $10.78 billion from $10.72 billion in the same quarter last year. Net income in the quarter increased 12% to $1.46 billion or 80 cents per diluted share compared to $1.30 billion or 68 cents per diluted share in the year ago.
The Western Union Company (
WU), the payment service provider reported fourth quarter total revenue grew 5% to $1.43 billion from $1.36 billion in the same quarter last year. Net income in the quarter surged 86% to $452.3 million or 73 cents per diluted share compared to $242.6 million or 37 cents per diluted share in the year ago earlier.
