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Earnings Analysis: 
Earnings: Constellation Energy, Dresser-Rand
Author: 123jump.com Staff
123jump.com
Last Update: 4:45 PM EDT April 30 2008


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Constellation reported a 6% drop in revenue from $5.21 billion in the first quarter 2007. The largest declines were in the merchant energy business, where profits dropped to 40 cents per share from 67 cents per share in 2007. Dresser-Rand Group, global supplier of rotating equipment solutions, reported that net sales for the quarter were $363.8 million, up 16% from $314.4 last year. Net income was $27.2 million or $0.32 diluted earnings per share compared with $15.4 million or $0.38 per share.

 

 

 
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