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Earnings Analysis: 
American Greetings, General Mills Fall
Author: 123jump.com Staff
123jump.com
Last Update: 7:05 PM EDT June 25 2008


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General Mills fourth quarter sales rose 13% to $3.47 billion and earnings dropped 17.4% to $185 million. Monsanto Company third quaarter sales rose 26% and net income increased 42% to $811 million and company raised earnings guidance by a fraction. AaeroViroment, Inc stock rose after it reported earnings rose to $21.4 million. American Greetings dropped 14% after its earnings plunged 56%.

 
H.B. Fuller Company the specialty chemical producer said second quarter revenues increased 1% to $357 million from $353 million a year ago. Net income in the quarter decreased 27.61% to $21.3 million or 42 cents per diluted share compared to net income of $27.2 million or 45 cents per share, a year ago.

H.B. Fuller Company (FUL: chart) in the last one year traded as high as $31.53 in September 2007 and as low as $17.02 in January 2008. Based on the yesterday’s closing price the company has a market cap of $1.18 billion. Fuller stock added $1.18 to close at $23.57.

Jabil Circuit, Inc, electronic parts manufacturer for mobile phones said third quarter revenues rose 3% to $3.09 billion from $3 billion a year ago. Net income in the quarter increased 84% to $38.4 million or 19 cents per diluted share compared to net income of $6.2 million or 3 cents per share, a year ago.

Jabil Circuit, Inc (JBL: chart) in the last one year traded as high as $25.80 in September 2007 and as low as $9.03 in March 2008. Based on the yesterday’s closing price the company has a market cap of $3.00 billion. Jabil stock rose $2.24 to close at $16.57.

Kewaunee Scientific Corporation laboratory and technical furniture products maker said third quarter sales decreased 2.73% to $22.2 million from $22.7 million a year ago. Net income in the quarter declined 16% to $0.45 million or 17 cents per diluted share compared to net income of $0.52 million or 21 cents per share, a year ago.

Kewaunee Scientific Corporation (KEQU: chart) in the last one year traded as high as $20.73 in December 2007 and as low as $11.15 in June 2007. Based on the yesterday’s closing price the company has a market cap of $29.07 million. Kewaunee stock fell 8 cents to close at $11.31.

Nobility Homes, Inc manufactured homes builder in Florida said second quarter sales decreased 19% to $8.7 million from $ 10.3 million a year ago. Net income in the quarter declined 82.11% to $0.58 million or 14 cents per diluted share compared to net income of $1.07 million or 26 cents per share, a year ago.

Nobility Homes, Inc (NOBH: chart) in the last one year traded as high as $21.24 in June 2007 and as low as $14.00 in June 2008. Based on the yesterday’s closing price the company has a market cap of $85.45 million. The nobility Homes stock closed down 1 cent to $16.00.

Sonic Corp, drive-in restaurant operator said third quarter revenues rose 1% to $213 million from $209.9 million a year ago. Net income in the quarter fell 17% to $17.2 million or 28 cents per diluted share compared to net income of $20.6 million or 31 cents per share, a year ago. Same-store sales fell 0.4% across the system.

Sonic Corp (SONC: chart) in the last one year traded as high as $26.19 in October 2007 and as low as $15.65 in June 2008. Based on the yesterday’s closing price the company has a market cap of $989.21 million. Sonic stock fell $1.75 to close at $14.76.

American Greetings Corporation, seasonal greeting cards and other social expression products maker reported first quarter revenues increased 2% to $428.3 million from $420.0 million a year ago. Net income in the quarter decreased 56.10% to $13.3 million or 27 cents per diluted share compared to net income of $30.3 million or 54 cents per share, a year ago.

American Greetings Corporation (AM: chart) in the last one year traded as high as $29.10 in July 2007 and as low as $16.95 in March 2008. Based on the yesterday’s closing price the company has a market cap of $893.69 million. American Greetings stock fell $4.26 to $14.04.
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