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Earnings Analysis: 
CenturyTel Profit Falls 16%
Author: 123jump.com Staff
123jump.com
Last Update: 1:12 PM EST November 02 2006



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CenturyTel third-quarter profit decreased 16% due to a drop in revenue and restructuring charges. Energizer fourth-quarter profit fell 25% on restructuring charges and foreign pension costs. CenterPoint Energy reported a 40% growth in its third-quarter earnings thanks to the company’s electric transmission, natural gas and pipeline businesses. Morningstar third-quarter profit rose 80%, boosted by recent acquisitions.

 
Centurytel Inc. (CTL: chart), phone service provider, reported a 16% drop from the year earlier in its third-quarter earnings. Net income was $76.5 million, or 65 cents per share, compared with $91.4 million, or 68 cents per share, in the year earlier period. Revenue fell 5.6% to $620.1 million from $657.1 million in the year-ago period.

Energizer Holdings Inc. (ENR: chart), batteries and blades maker, reported fourth-quarter earnings of $39.1 million, or 66 cents per share, versus $51.8 million, or 72 cents per share, a year earlier. Revenue jumped 5% to $830.1 million from $793.7 million in the year-ago period, on higher battery sales.

Centerpoint Energy Inc. (CNP: chart), electricity and natural gas distributor, said third-quarter net income climbed to $83 million, or 26 cents per share, versus $50 million, or 15 cents per share in the year-ago period. Revenue declined to $1.94 billion from $2.07 billion in the year-ago period.

Morningstar Inc. (MORN: chart), independent investment research to individual investors and institutions provider, reported third-quarter net income of $13.5 million, or 29 cents per share, compared with $7.5 million, or 17 cents per share a year earlier. Revenue jumped 44% to $81.8 million, including $11.6 million in sales from acquisitions completed in 2006.
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