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Earnings Analysis: 
Canadian National, Texas Instruments Net Drop
Author: 123jump.com Staff
123jump.com
Last Update: 12:56 AM ET July 21 2009


 
7:30AM New York - Canadian National Railway Company revenue fell 14.3% and net income fell 15.7%. Texas Instruments Incorporated revenue fell 27% and net income fell 56%.

Boston Scientific Corporation, the medical device maker said second quarter sales rose 2.5% to $2.07 billion from $2.02 billion a year ago. Net income in the quarter rose 61% to $158 million or 10 cents per diluted share compared to net income of $98 million or 7 cents per share a year ago.

Boston Scientific Corporation (BSX) in the last one year traded as high as $13.80 in July 2008 and as low as $5.48 in November 2008. Based on the yesterday’s closing price of $10.30 the company has market cap of $15.52 billion.

Brown & Brown, Inc, the insurance broker said second quarter revenues rose 2% to $246.4 million from $241.7 million a year ago. Net income in the quarter rose 0.7% to $40.7 million or 29 cents per diluted share compared to net income of $40.4 million or 29 cents per share a year ago.

Brown & Brown, Inc (BRO) in the last one year traded as high as $23.96 in September 2008 and as low as $15.65 in March 2009. Based on the yesterday’s closing price of $19.32 the company has market cap of $2.73 billion.

Canadian National Railway Company, the country's biggest railroad said second quarter revenues fell 14.3% to C$1.8 billion from C$2.1 billion a year ago. Net income in the quarter fell 15.7% to C$387 million or 82 cents per diluted share compared to net income of C$459 million or 95 cents per share a year ago.

Canadian National Railway Company (CNI) in the last one year traded as high as $53.92 in August 2008 and as low as $30.67 in March 2009. Based on the yesterday’s closing price of $44.71 the company has market cap of $20.94 billion.

Forward Air Corporation, a cargo shipper said second quarter revenues fell 18% to $99.7 million from $121.6 million a year ago. Net income in the quarter fell 76.8% to $2.8 million or 10 cents per diluted share compared to net income of $12.1 million or 42 cents per share a year ago.

Forward Air Corporation (FWRD) in the last one year traded as high as $38.23 in August 2008 and as low as $14.63 in March 2009. Based on the yesterday’s closing price of $21.71 the company has market cap of $682.26 million.

Halliburton Company, the world's second largest oilfield-services company said second quarter revenues fell 22% to $3.5 billion from $4.5 billion a year ago. Net income in the quarter fell 48% to $262 million or 29 cents per diluted share compared to net income of $504 million or 55 cents per share a year ago.

Halliburton Company (HAL) in the last one year traded as high as $48.91 in July 2008 and as low as $13.78 in December 2008. Based on the yesterday’s closing price of $22.33 the company has market cap of $20.03 billion.

Legg Mason, Inc, the asset manager said first quarter revenues fell 42% to $613.1 million from $1.05 billion a year ago. Net income in the quarter was $50.1 million or 35 cents per diluted share compared to net loss of $36.1 million or $2.33 per share a year ago.

Legg Mason, Inc (LM) in the last one year traded as high as $47.35 in September 2008 and as low as $11.60 in March 2009. Based on the yesterday’s closing price of $24.94 the company has market cap of $3.54 billion.

Packaging Corporation of America, the maker of containerboard and corrugated products said second quarter sales fell 11% to $549.4 million from $616.2 million a year ago. Net income in the quarter rose 209% to $108.9 million or $1.07 per diluted share compared to net income of $35.2 million or 34 cents per share a year ago.

Packaging Corporation of America (PKG) in the last one year traded as high as $26.39 in September 2008 and as low as $9.83 in March 2009. Based on the yesterday’s closing price of $18.07 the company has market cap of $1.85 billion.

Saba Software, Inc, a provider of human capital management solutions said fourth quarter revenues fell 9.2% to $25.6 million from $28.2 million a year ago. Net loss in the quarter was $1.1 million or 4 cents per diluted share compared to net loss of $0.3 million or 1 cent per share a year ago.

Revenues for the fiscal year 2010 fell 4.6% to $102.8 million from $107.8 million a year ago. Net loss for the year was $2.4 million or 8 cents per diluted share compared to net loss of $3.5 million or 12 cents per share a year ago.

Saba Software, Inc (SABA) in the last one year traded as high as $4.06 in June 2009 and as low as $0.95 in December 2008. Based on the yesterday’s closing price of $4.39 the company has market cap of $128.18 million.

Texas Instruments Incorporated, the chip maker said second quarter revenues fell 27% to $2.46 billion from $3.35 billion a year ago. Net income in the quarter fell 56% to $260 million or 20 cents per diluted share compared to net income of $588 million or 44 cents per share a year ago.

Texas Instruments Incorporated (TXN) in the last one year traded as high as $28.52 in July 2008 and as low as $13.77 in March 2009. Based on the yesterday’s closing price of $23.61 the company has market cap of $30.07 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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