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Earnings Analysis: 
CVS Caremark, Cigna Corp Net Rises
Author: Trupti Mehta
123jump.com
Last Update: 9:38 AM ET November 05 2009


 
8:30AM New York - CVS Caremark Corporation sales rose 17.7% and net income rose 39%. Cigna Corporation sales fell 7% and net income rose 92.4%.

ATP Oil & Gas Corporation, an oil and gas company reported third quarter revenues fell 36.6% to $75.0 million from $118.3 million a year ago. Net loss in the quarter was $9.1 million or 20 cents per diluted share compared to net income of $36.5 million or $1.02 per share a year ago.

ATP Oil & Gas Corporation (ATPG) in the last one year traded as high as $22.99 in September 2009 and as low as $2.75 in February 2009. Based on the yesterday’s closing price of $18.11 the company has market cap of $811.03 million.

Cigna Corporation, the health insurer reported third quarter sales fell 7% to $4.52 billion from $4.85 billion a year ago. Net income in the quarter rose 92.4% to $329 million or $1.19 per diluted share compared to net income of $171 million or 62 cents per share a year ago.

Cigna Corporation (CI) in the last one year traded as high as $33.00 in September 2009 and as low as $8.00 in November 2008. Based on the yesterday’s closing price of $29.78 the company has market cap of $8.12 billion.

CVS Caremark Corporation, the pharmaceutical retailer reported third quarter sales rose 17.7% to $24.6 billion from $20.9 billion a year ago. Net income in the quarter rose 39% to $1.02 billion or 71 cents per diluted share compared to net income of $732.5 million or 50 cents per share a year ago.

CVS Caremark Corporation (CVS) in the last one year traded as high as $38.27 in October 2009 and as low as $23.19 in March 2009. Based on the yesterday’s closing price of $36.15 the company has market cap of $52.17 billion.

Deutsche Telekom AG, an integrated telecommunications provider reported third quarter revenues rose 5.2% to €16.26 billion from €15.45 billion a year ago. Net income in the quarter rose 7.2% to €959 million compared to net income of €895 million a year ago.

Deutsche Telekom AG (DT) in the last one year traded as high as $16.16 in December 2008 and as low as $10.71 in April 2009. Based on the yesterday’s closing price of $13.69 the company has market cap of $59.68 billion.

Dr Pepper Snapple Group, Inc, the distributor of non-alcoholic beverages reported third quarter sales fell 4% to $1.43 billion from $1.49 billion a year ago. Net income in the quarter rose 42.5% to $151 million or 59 cents per diluted share compared to net income of $106 million or 41 cents per share a year ago.

Dr Pepper Snapple Group, Inc (DPS) in the last one year traded as high as $30.65 in October 2009 and as low as $11.83 in March 2009. Based on the yesterday’s closing price of $27.82 the company has market cap of $7.07 billion.

Dynegy Inc, the power company reported third quarter sales fell 62% to $673 million from $1.76 billion a year ago. Net loss in the quarter was $212 million or 25 cents per diluted share compared to net income of $605 million or 72 cents per share a year ago.

Dynegy Inc (DYN) in the last one year traded as high as $4.20 in November 2008 and as low as $1.00 in March 2009. Based on the yesterday’s closing price of $1.87 the company has market cap of $1.58 billion.

Frontier Oil Corporation, the energy company reported third quarter revenues fell 45.5% to $1.2 billion from $2.2 billion a year ago. Net loss in the quarter was $15.1 million or 15 cents per diluted share compared to net income of $72.3 million or 70 cents per share a year ago.

Frontier Oil Corporation (FTO) in the last one year traded as high as $18.40 in June 2009 and as low as $7.51 in November 2008. Based on the yesterday’s closing price of $13.80 the company has market cap of $1.44 billion.

K-Swiss Inc, an athletic-shoes maker reported third quarter revenues fell 24% to $70.6 million from $92.6 million a year ago. Net loss in the quarter was $2.9 million or 8 cents per diluted share compared to net income of $1.1 million or 3 cents per share a year ago.

K-Swiss Inc (KSWS) in the last one year traded as high as $15.94 in November 2008 and as low as $6.44 in March 2009. Based on the yesterday’s closing price of $7.74 the company has market cap of $269.95 million.

MetroPCS Communications, Inc, the wireless carrier reported third quarter revenues rose 30.4% to $895.6 million from $686.7 million a year ago. Net income in the quarter rose 64% to $73.6 million or 21 cents per diluted share compared to net income of $44.9 million or 13 cents per share a year ago.

MetroPCS Communications, Inc (PCS) in the last one year traded as high as $18.98 in April 2009 and as low as $6.22 in October 2009. Based on the yesterday’s closing price of $6.62 the company has market cap of $2.33 billion.

OM Group, Inc, a producer of specialty chemicals reported third quarter sales fell 47.6% to $235.2 million from $448.6 million a year ago. Net income in the quarter fell 80% to $11.4 million or 38 cents per diluted share compared to net income of $56.3 million or $1.85 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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