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Earnings Analysis: 
A.G. Edwards Posts 52% Higher Profit
Author: 123jump.com Staff
123jump.com
Last Update: 1:34 PM EST December 21 2006



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International Assets Holding swung to a fourth-quarter loss, hurt by volatile commodity prices. A.G. Edwards profit jumped 52% in the latest quarter as clients of the brokerage firm poured more money into fee-based accounts. Carnival fourth-quarter profit rose 24% as higher cruise capacity and ticket prices offset increased fuel costs. Commercial Metals first-quarter profit rose 23%, helped by strength in nonresidential construction.

 
International Assets Holding Corp. (IAAC: chart), financial services group, reported a fourth-quarter net loss of $1.96 million, or 25 cents per share, compared with the last-year net profit of $1.05 million, or 13 cents per share. Revenue declined 42% to $4.41 million versus $7.62 million a year earlier.

A.G. Edwards Inc. (AGE: chart), said that its third-quarter net earnings increased to $78.3 million, or $1.03 per share, compared with $51.7 million, or 67 cents per share, in the year-ago period. Revenue climbed to $771.5 million versus $677.4 million a year earlier.

Carnival Corp. (CCL: chart), cruise operator, reported fourth-quarter earnings of $416 million, or 51 cents per share, up from $336 million, or 41 cents per share, a year earlier. Revenue jumped to $2.81 billion versus last year''s $2.57 billion, helped by 5.5% growth in cruise capacity and a 2.3% rise in net revenue yields.

Commercial Metals Co. (CMC: chart), manufacturer and recycler of steel and metal products, said that its first-quarter net income increased 23% to $85.4 million, or 71 cents per share, compared with $69.6 million, or 57 cents per share in the year-earlier period. Revenue climbed 21% to $1.99 billion from $1.65 billion a year earlier.
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