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Earnings Analysis: 
Bill Barrett, K-Swiss Gain, Foster Wheeler Drops
Author: Trupti Mehta
123jump.com
Last Update: 3:10 PM ET November 05 2008


 
3:10PM New York - Agrium Inc revenue rose 205% and net income rose 620%. ArcelorMittal revenue rose 38% and net income rose 29% but cut the production by 30% in the fourth quarter. Foster Wheeler Limited revenue rose 32% and net income fell 1%.

Agrium Inc, a global of agriculture products in reported third quarter revenues rose 205% to $3.18 billion from $1.04 billion a year ago. Net income in the quarter rose 620% to $367 million or $2.31 per diluted share compared to net income of $51 million or 38 cents per share, a year ago.

Agrium Inc (AGU) in the last one year traded as high as $113.88 in June 2008 and as low as $25.92 in October 2008. Based on the Friday’s trading closing price the company has a market cap of $6.35 billion.

ArcelorMittal, a global steel producer reported third quarter revenues rose 38% to $35.2 billion from $25.5 billion a year ago. Net income in the quarter rose 29% to $3.8 billion or $2.79 per diluted share compared to net income of $2.96 billion or $2.10 per share, a year ago.

ArcelorMittal (MT) in the last one year traded as high as $104.77 in June 2008 and as low as $19.14 in October 2008. Based on the Friday’s trading closing price the company has a market cap of $45.06 billion.

Bill Barrett Corporation, an oil and gas explorer reported third quarter revenues rose 100% to $164.4 million from $82.3 million a year ago. Net income in the quarter was $36.1 million or 80 cents per diluted share compared to net income of $0.2 million or 1 cent per share, a year ago.

Bill Barrett Corporation (BBG) in the last one year traded as high as $66.96 in July 2008 and as low as $15.01 in October 2008. Based on the Friday’s trading closing price the company has a market cap of $949.91 million.

Foster Wheeler Limited, an engineering and construction contractor reported third quarter revenues rose 32% to $1.72 billion from $1.30 billion a year ago. Net income in the quarter fell 1% to $127.9 million or 88 cents per diluted share compared to net income of $129.1 million or 89 cents per share, a year ago.

Foster Wheeler Limited (FWLT) in the last one year traded as high as $85.65 in January 2008 and as low as $19.35 in October 2008. Based on the Friday’s trading closing price the company has a market cap of $4.56 billion.

Great Wolf Resorts, Inc, the operator of indoor water park resorts reported third quarter revenues rose 36% to $69.4 million from $50.9 million a year ago. Net income in the quarter rose 22% to $2.2 million or 7 cents per diluted share compared to net income of $1.8 million or 6 cents per share, a year ago.

Great Wolf Resorts, Inc (WOLF) in the last one year traded as high as $13.29 in November 2007 and as low as $0.88 in October 2008. Based on the Friday’s trading closing price the company has a market cap of $64.66 million.

K-Swiss Inc, athletic footwear maker reported third quarter revenues fell 11% to $95.8 million from $107.2 million a year ago. Net loss in the quarter was $100,000 or breakeven per diluted share compared to net income of $12.8 million or 36 cents per share, a year ago.

K-Swiss Inc (KSWS) in the last one year traded as high as $20.76 in November 2007 and as low as $11.95 in October 2008. Based on the Friday’s trading closing price the company has a market cap of $488.17 million.

MBIA Inc, bond insurer reported third quarter revenues fell 24% to $319.8 million from $431.2 million a year ago. Net loss in the quarter was $806.5 million or $3.48 per diluted share compared to net loss of $36.6 million or 30 cents per share, a year ago.

MBIA Inc (MBI) in the last one year traded as high as $45.40 in November 2007 and as low as $3.62 in October 2008. Based on the Friday’s trading closing price the company has a market cap of $2.86 billion.

MetroPCS Communications, Inc, low-cost mobile phone service provider reported third quarter revenues rose 23% to $686.7 million from $556.7 million a year ago. Net income in the quarter fell 15% to $44.9 million or 13 cents per diluted share compared to net income of $53.1 million or 15 cents per share, a year ago.

MetroPCS Communications, Inc (PCS) in the last one year traded as high as $22.14 in November 2007 and as low as $11.12 in October 2008. Based on the Friday’s trading closing price the company has a market cap of $5.12 billion.

MF Global Ltd, the broker of exchange-listed futures and options reported second quarter revenues fell 14% to $372.9 million from $435.5 million a year ago. Net income in the quarter was $9.7 million or 3 cents per diluted share compared to net loss of $90.6 million or 78 cents per share, a year ago.

MF Global Ltd (MF) in the last one year traded as high as $32.20 in December 2007 and as low as $1.93 in October 2008. Based on the Friday’s trading closing price the company has a market cap of $486.98 million.

Molson Coors Brewing Company, a global brewer of beers reported third quarter revenues rose 2.1% to $1.95 billion from $1.91 billion a year ago. Net income in the quarter rose 28.6% to $173.2 million or 94 cents per diluted share compared to net income of $134.7 million or 74 cents 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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