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Earnings Analysis: 
AT&T; 3M Company Net Drops
Author: Trupti Mehta
123jump.com
Last Update: 10:11 AM ET October 22 2009


AT&T Inc third quarter revenues fell 1.5% to $30.86 billion and net income fell 1.2% to $3.19 billion or 54 cents a share. 3M Company third quarter sales fell 5.6% to $6.19 billion and net income fell 3.4% to $957 million or $1.35 a share.

 
10:10 AM New York - AT&T Inc revenue fell 1.5% and net income fell 1.2%. 3M Company sales fell 5.6% and net income fell 3.4%.

1-800-FLOWERS.COM, Inc, a florist and gift shop reported first quarter revenues fell 20% to $108.3 million from $135.4 million a year ago. Net loss in the quarter was $7.3 million or 11 cents per diluted share compared to net loss of $5.3 million or 8 cents per share a year ago.

1-800-FLOWERS.COM, Inc (FLWS) in the last one year traded as high as $5.45 in October 2008 and as low as $0.85 in March 2009. Based on the yesterday’s closing price of $4.46 the company has market cap of $283.10 million.

3M Company, the diversified technology company reported third quarter sales fell 5.6% to $6.19 billion from $6.56 billion a year ago. Net income in the quarter fell 3.4% to $957 million or $1.35 per diluted share compared to net income of $991 million or $1.41 per share a year ago.

3M Company (MMM) in the last one year traded as high as $77.38 in October 2009 and as low as $40.87 in March 2009. Based on the yesterday’s closing price of $76.33 the company has market cap of $53.30 billion.

Alaska Air Group, Inc, the airline operator reported third quarter revenues fell 9% to $967.4 million from $1.07 billion a year ago. Net income in the quarter was $87.6 million or $2.46 per diluted share compared to net loss of $86.5 million or $2.40 per share a year ago.

Alaska Air Group, Inc (ALK) in the last one year traded as high as $30.95 in January 2009 and as low as $13.61 in March 2009. Based on the yesterday’s closing price of $27.60 the company has market cap of $969.24 million.

AT&T Inc, the telecommunications provider reported third quarter revenues fell 1.5% to $30.86 billion from $31.34 billion a year ago. Net income in the quarter fell 1.2% to $3.19 billion or 54 cents per diluted share compared to net income of $3.23 billion or 55 cents per share a year ago.

AT&T Inc (T) in the last one year traded as high as $30.65 in December 2008 and as low as $21.44 in March 2009. Based on the yesterday’s closing price of $25.94 the company has market cap of $153.05 billion.

Bristol-Myers Squibb Company, the drugmaker reported third quarter sales rose 4.6% to $5.49 billion from $5.25 billion a year ago. Net income in the quarter fell 62.6% to $966 million or 48 cents per diluted share compared to net income of $2.58 billion or $1.28 per share a year ago.

Bristol-Myers Squibb Company (BMY) in the last one year traded as high as $23.98 in January 2009 and as low as $17.10 in March 2009. Based on the yesterday’s closing price of $22.69 the company has market cap of $44.95 billion.

Bunge Limited, the oilseed processor and fertilizer producer reported third quarter sales fell 23.6% to $11.3 billion from $14.8 billion a year ago. Net income in the quarter rose 8% to $232 million or $1.62 per diluted share compared to net income of $215 million or $1.70 per share a year ago.

Bunge Limited (BG) in the last one year traded as high as $72.98 in August 2009 and as low as $27.60 in October 2008. Based on the yesterday’s closing price of $66.90 the company has market cap of $8.17 billion.

CONMED Corporation, a medical technology company reported third quarter sales fell 2.2% to $175.5 million from $179.4 million a year ago. Net income in the quarter fell 86.6% to $1.3 million or 4 cents per diluted share compared to net income of $9.7 million or 33 cents per share a year ago.

CONMED Corporation (CNMD) in the last one year traded as high as $26.80 in November 2008 and as low as $11.56 in March 2009. Based on the yesterday’s closing price of $22.56 the company has market cap of $656.16 million.

Danaher Corporation, the maker of commercial, medical and industrial products reported third quarter sales fell 14.3% to $2.75 billion from $3.21 billion a year ago. Net income in the quarter fell 5.5% to $351.4 million or $1.05 per diluted share compared to net income of $372 million or $1.11 per share a year ago.

Danaher Corporation (DHR) in the last one year traded as high as $71.60 in October 2009 and as low as $47.20 in March 2009. Based on the yesterday’s closing price of $70.57 the company has market cap of $22.56 billion.

Delta Air Lines, Inc, an airline operator reported third quarter revenues rose 32.3% to $7.57 billion from $5.72 billion a year ago. Net loss in the quarter was $161 million or 19 cents per diluted share compared to net loss of $50 million or 13 cents per share a year ago.

Delta Air Lines, Inc (DAL) in the last one year traded as high as $12.65 in January 2009 and as low as $3.51 in March 2009. Based on the yesterday’s closing price of $8.33 the company has market cap of $6.48 billion.

Diamond Offshore Drilling, Inc, the oil service firm reported third quarter revenues rose 1% to $908.4 million from $900.4 million a year ago. Net income in the quarter rose 17.3% to $364.1 million or $2.62 per diluted share compared to net income of $310.5 million or $2.23 per share a year ago.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.

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