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Earnings Analysis: 
Clorox Misses Estimate on Higher Costs
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:33 AM EDT August 02 2006


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Clorox Co, consumer products company, reported Q4 profit fell, as the company raised prices to offset soaring commodity costs. The company earned 92 cents a share, down from $1 a share in the year-ago period. If not for costs related to stock-based compensation and severance charges, it earned $1.03 a share.

 
Clorox Co, (CLX: chart), said that results also included a 5 cents a share charge related to the retirement of Chairman and Chief Executive Jerry Johnston. Net sales advanced to $1.32 billion from $1.25 billion. The company missed analysts’ expectations for it to earn $1.04 a share.

Allied Capital, (ALD: chart), management investment company, reported that its Q2 net income fell to 24 cents a share from $2.29 a share a year ago. Net investment income per share came to 35 cents versus 11 cents a year ago.

MasterCard Inc, (MA: chart), global payment solutions company, reported it lost $2.30 a share, compared to net income of 89 cents a share in the year-ago period. If not for items, earnings in the latest period were 74 cents a share. Revenue advanced 9.7%. The company beat analysts’ forecasts for earnings of 62 cents a share. Expenses jumped 93.4%, to $1.1 billion due to spending on its 2006 World Cup sponsorship as well as a contribution to the MasterCard Foundation and increased personnel costs.

PG&E Corp, (PCG: chart), gas and electric utility, reported its Q2 net income fell to 65 cents a share, from 70 cents a share in the year-earlier period. Revenue at the company rose more than 20% to $3.02 billion from $2.5 billion. The company topped analysts’ forecasts for earnings by a penny.

The Brink''s Company, (BCO: chart), transportation, teller machine servicing, currency and deposit processing company, reported Q2 net income doubled to 62 cents a share, from 27 cents a share in a year-ago period. Operating income was 42 cents a share, up from 4 cents a share in the year-ago period. Revenue grew to $697.5 million from $633.5 million. The company beat by wide margin analysts’ forecasts for earnings of 49 cents a share.

Gerdau Ameristeel Corp, (GNA: chart), steel producer, reported Q2 earnings rose to 41 cents a share, from 24 cents a share a year earlier, topping analysts’ expectations for earnings of 35 cents a share. Revenue rose to $1.21 billion from last year''s $961.1 million, with shipments of finished steel growing 13% and average mill prices rising 9.8%.
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