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Earnings Analysis: 
Constellation Energy Group Net up 45%
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:41 AM EST January 31 2006


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Constellation Energy Group Inc., energy provider, reported Q4 net income of $1.09 a share, up from 76 cents in the same time the previous year, beating analyst forecasts of $1 a share.

 
Constellation Energy Group., (CEG: chart), announced that on an adjusted basis, the company saw a profit of $1.07 a share for Q4. Revenue increased to $5.16 billion from the prior year Constellation Energy expects 2006 earnings at $3.65 to $3.95 a share, while reaffirming its 2007 profit range at $4.75 to $5 a share, excluding any effects of the company''s planned merger withFPL Group.

Haemonetics Corp., (HAE: chart), medical tools manufacturer, reported Q3 net income of $1.02 a share, up 155% from 42 cents a share in the year-earlier period on 7.7% revenue growth, beating analyst estimate of 45 cents a share. Q3 included an arbitration award of 61 cents a share and an impairment charge of 9 cents a share for an intangible asset related to pathogen reduction.

Wyeth, (WYE: chart), manufacturer of pharmaceutical products, reported Q4 income of 54 cents a share, up from a loss of $1.32 in the year-ago period, missing analyst view of 60 cents a share. The year-ago period included $124 million of licensing costs, primarily for collaborations with Progenics and Trubion. The latest quarter also included charges of $94.8 million related to productivity initiatives. If not for the negative impact of foreign exchange, worldwide net revenue increased 5%.

American Standard, (ASD: chart), manufacturer of control systems, reported Q4 earnings of 30 cents a share, up from a loss of 41 cents a share a year ago, missing analyst estimate of 46 cents a share. Total sales in Q4 advanced to $2.55 billion from $2.35 billion a year ago. If not for consolidation expenses and tax items, net income per share was 46 cents, the same as Q4 of 2004.

Waddell & Reed Financial Inc., (WDR: chart), financial-services company reported Q4 net income of 24 cents a share, down from 31 cents, earned in theyear-ago period, beating on that basis analyst estimate of 30 cents a share. If not for items, the company would have earned 29 cents a share. Revenue rose 11.1%, paced by growth in investment-management fees.

ARM Holdings, (ARM: chart), chipmaker, reported that Q4 net income reached 13 million pounds ($23.1 million) or 9 pence a share, up from 4.5 million pounds a year ago. Revenue for Q4 advanced 51.4% to 62.9 million pounds with an operating margin of 35%. The company announced that its processor division performed particularly well in Q4 and the company has begun shipping its two latest processors to key partners.

Steris Corp., (STE: chart), medical equipment maker, reported Q3 net income advanced 14.8% to 41 cents a share on 5%. revenue growth. Earnings from continuing operations were steady at 34 cents, in line with analyst forecasts. The group is planning to take a 27 cent Q4 charge connected with its previously announced relocation of a plant. The company expects earnings of 16 cents to 18 cents in Q4. Revenue should rise 5% to 6%.

Knight Ridder Inc., (KRI: chart), newspaper publisher, reported that net income fell 22.2% to $1.24 a share as operating revenue went up 3.1% at $820 million, beating analyst estimate of $1.22 a share.

Entergy Corp., (ETR: chart), reported Q4 earnings of 43 cents a share, down from 68 cents a share in the year-ago period, beating analyst forecasts of 54 cents a share. Operating earnings were 59 cents a share, up from 50 cents a share in the year-ago period. The utility firm said it expects 2006 operating earnings of $4.50-$4.80 a share.

Station Casinos, (STN: chart), casino properties operator, reported Q4 earnings of 61 cents a share, up from 55 cents a share in the same period a year ago. If not for non-recurring items, earnings would have been 69 cents a share, beating on that basis analyst estimate of 64 cents a share. Revenue rose to $285.1 million from last year''s $264.7 million, just shy of analyst forecasts of $286.5 million.

Kellogg Co., (K: chart), cereal and packaged-food maker, reported that Q4 profit advanced to 47 cents a share, from 45 cents a year ago, beating analyst estimate by a penny. Sales for Q4 increased fractionally to $2.39 billion.

Cinergy Corp., (CIN: chart), electric energy company reported 30% earnings growth to 95 cents a share, up from 79 cents a share in the year-ago period on contributions from its commercial power and gas businesses If not for special items, earnings would have been 77 cents a share, beating analyst estimate of 69 cents a share.

Illinois Tool Works Inc., (ITW: chart), maker of industrial components, reported Q4 net income of $1.42 a share, up vs. $1.21 a share in the year-ago period, topping analyst estimate of $1.39 a share. Illinois Tool announced that Q1 and 2006 earnings would be $1.12-$1.18 a share and $5.60-$5.78 a share, respectively.

Hilton Hotels Corp, (HLT: chart), hotel chain, reported net income of 26 cents a share, up from 16 cents a share in the year-ago period, beating analyst forecasts of 19 cents a share. Asset dispositions and hedging loss impaired Q4 of 2005 earnings per share by 4 cents.
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