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Earnings Analysis: 
BB&T, GE Net Drops
Author: Mayank Mehta
123jump.com
Last Update: 9:41 AM ET April 17 2009



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10:00AM New York - Citigroup Inc revenue rose 99% and net income was $1.6 billion. General Electric Company sales fell 9% and net income dropped 35%. Mattel, Inc revenue fell 15% and net loss was $51 million.

A. O. Smith Corporation, a manufacturer of water heating equipment and electric motors reported first quarter revenues fell 16% to $481.6 million from $571.4 million a year ago. Net income in the quarter fell 60% to $8.7 million or 29 cents per diluted share compared to net income of $21.9 million or 72 cents per share, a year ago.

A. O. Smith Corporation (AOS) in the last one year traded as high as $51.09 in September 2008 and as low as $20.95 in March 2009. Based on the yesterday''s closing price of $30.13 the company has market cap of $909.63 million.

BB&T Corporation, a large U.S. Southeast regional bank reported first quarter net income fell 37% to $271 million or 48 cents per diluted share compared to net income of $428 million or 78 cents per share, a year ago.

BB&T Corporation (BBT) in the last one year traded as high as $45.31 in September 2008 and as low as $12.90 in March 2009. Based on the yesterday''s closing price of $21.64 the company has market cap of $11.81 billion.

Citigroup Inc, the global diversified financial services company reported first quarter revenues rose 99% to $24.8 billion from $12.4 billion a year ago. Net income in the quarter was $1.6 billion or 18 cents (Loss) per diluted share compared to net loss of $5.2 billion or $1.06 per share, a year ago.

Citigroup Inc (C) in the last one year traded as high as $27.35 in April 2008 and as low as $0.97 in March 2009. Based on the yesterday''s closing price of $4.01 the company has market cap of $22.11 billion.

General Electric Company, a diversified technology, media and financial services company reported first quarter sales fell 9% to $38.4 billion. Net income in the quarter dropped 35% to $2.9 billion or 26 cents per diluted share compared to net income of $4.5 billion or 43 cents per share, a year ago.

General Electric Company (GE) in the last one year traded as high as $33.66 in April 2008 and as low as $5.73 in March 2009. Based on the yesterday''s closing price of $12.27 the company has market cap of $129.58 billion.

Mattel, Inc, the largest U.S. toymaker reported first quarter revenues fell 15% to $785.6 million from $919.3 million a year ago. Net loss in the quarter was $51 million or 14 cents per diluted share compared to net loss of $46.6 million or 13 cents per share, a year ago.

Mattel, Inc (MAT) in the last one year traded as high as $21.98 in August 2008 and as low as $10.36 in March 2009. Based on the yesterday''s closing price of $13.03 the company has market cap of $4.67 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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