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Earnings Analysis: 
Apple, Broadcom, Yahoo Rise
Author: 123jump.com Staff
123jump.com
Last Update: 11:33 PM ET October 22 2008



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11:00PM New York - Apple Inc sales rose 27% and net income increased 26%. Broadcom Corp sales rose 37% and net income surged 493%. Yahoo net drops 64%. Panera net income increases 15%.

Apple Inc, the personal computer and mobile communication devices maker said fourth quarter sales rose 27% to $7.9 billion from $6.22 billion a year ago. Net income in the quarter rose 26% to $1.14 billion or $1.26 per diluted share compared to net income of $904 million or $1.01 per share, a year ago.

For the full fiscal year, Apple''s profit climbed 38% to $4.83 billion or $5.36 per share on 35% increase in revenue to $32.5 billion.

Apple Inc (AAPL) in the last one year traded as high as $202.96 in December 2007 and as low as $85.00 in October 2008. Based on the yesterday’s closing price the company has a market cap of $81.05 billion.

Broadcom Corporation, a provider of semiconductors for wired and wireless communications said third quarter sales rose 37% to $1.3 billion from $950 million a year ago. Net income in the quarter rose 493% to $164.9 million or 31 cents per diluted share compared to net income of $27.8 million or 5 cents per share, a year ago.

Broadcom Corporation (BRCM) in the last one year traded as high as $43.00 in October 2007 and as low as $12.98 in October 2008. Based on the yesterday’s closing price the company has a market cap of $7.00 billion.

Illumina, Inc, a life science tools and integrated systems maker said third quarter revenues rose 54% to $150.3 million from $97.5 million a year ago. Net loss in the quarter was $7.3 million or 6 cents per diluted share compared to net income of $14.5 million or 12 cents per share, a year ago.

Illumina, Inc (ILMN) in the last one year traded as high as $47.88 in August 2008 and as low as $25.17 in November 2007. Based on the yesterday’s closing price the company has a market cap of $3.70 billion.

Luby''s, Inc, restaurant chain operator said fourth quarter sales fell 1.3% to $97.1 million from $98.3 million a year ago. Net loss in the quarter was $3.7 million or 13 cents per diluted share compared to net income of $3.1 million or 12 cents per share, a year ago.

Comparable same-store sales fell 2%.

For the full year, the company posted a 79% drop in net income, to nearly $2.3 million, or 8 cents a share down from about $10.9 million, or 40 cents a share, in the same period last year. Revenue fell less than 1% to $317.7 million from $320.4 million. Cash flow from operations was $17.5 million in fiscal 2008, compared to $33.5 million in fiscal 2007.

Luby''s, Inc (LUB) in the last one year traded as high as $11.45 in November 2007 and as low as $3.56 in October 2008. Based on the yesterday’s closing price the company has a market cap of $151.10 million.

Panera Bread Company a retail bakery-cafes operator said third quarter revenues rose 15% to $315.2 million from $273.2 million a year ago. Net income in the quarter rose 15% to $13.7 million or 45 cents per diluted share compared to net income of $11.9 million or 37 cents per share, a year ago.

Panera Bread Company (PNRA) in the last one year traded as high as $65 in September 2008 and as low as $30.60 in January 2008. Based on the yesterday’s closing price the company has a market cap of $1.25 billion.

Raymond James Financial, Inc, a diversified financial services holding company said fourth quarter revenues fell 9% to $759.9 million from $838.9 million a year ago. Net income in the quarter fell 22% to $49.1 million or 41 cents per diluted share compared to net income of $63 million or 53 cents per share, a year ago.

For the year, net income fell 6% to $235.1 million, or $1.97 per share, from $250.4 million, or $2.11 per share, last year. Net revenue rose 8% to $2.8 billion.

Raymond James Financial, Inc (RJF) in the last one year traded as high as $38.25 in September 2008 and as low as $18.50 in March 2008. Based on the yesterday’s closing price the company has a market cap of $2.78 billion.

Yahoo! Inc, a global Internet brand said third quarter revenues rose 1% to $1.78 billion from $1.76 billion a year ago. Net income in the quarter fell 64% to $54 million or 4 cents per diluted share compared to net income of $151 million or 11 cents per share, a year ago.

The Internet media company plans to reduce its workforce by 10% and lower its costs by $400 million from its annual operating costs of $3.9 billion.
Yahoo! Inc (YHOO) in the last one year traded as high as $34.08 in October 2007 and as low as $11.37 in October 2008. Based on the yesterday’s closing price the company has a market cap of $16.73 billion.
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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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