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Earnings Analysis: 
Estee Lauder, Molson Coors Rise
Author: 123jump.com Staff
123jump.com
Last Update: 1:45 PM EDT May 06 2008


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Molson Coors Brewing Company today reported first quarter 2008 net sales increased 10.4% to $1.36 million from a year ago. Net income in the quarter increased to $37.1 million or 20 cents per share. However, MGM Mirage revenue fell 3% to $1.88 billion. Estee Lauder net sales rose 11% but earnings declined 4%. Church & Dwight revenue rose 9% and earnings surged more than 22%.

 
Estee Lauder stock (EL: chart) rose $2.60 to $48.00.

I2 Technologies, Inc, a provider of supply chain management software services reported total revenue in the first quarter of 2008 decreased 5% to $62.6 million compared to $65.6 million in the prior year. Net income fell to $2.6 million or $0.10 per diluted share compared to $3.5 million or $0.13 per diluted share, a year ago.

I2 Technologies stock (ITWO: chart) rose 68 cents to $11.00.

MGM Mirage, a gaming company reported first quarter 2008 revenue slipped 3% to $1.88 billion from $1.93 billion a year ago. Net income dropped to $118.3 million, or 40 cents per share, compared with $168.2 million, or 57 cents per share, a year ago.

MGM Mirage stock (MGM: chart) rose $2.46 to $51.08.

Molson Coors Brewing Company, a beer brewer company today reported first quarter 2008 net sales increased 10.4% to $1.36 million compared to $1.22 million, a year ago. Net income was $37.1 million or 20 cents per share compared with $4.4 million or 3 cents per share, a year earlier.

Molson Coors stock (TAP: chart) gained $3.74 to $56.91.

Vornado Realty Trust, a real estate investment trust today reported fourth quarter of 2008 net sales rose to $652 million compared to $536 million a year ago. Earnings in the quarter rose to $398 million or $2.60 from $152 million or $1.01 in the same period a year ago.

Vornado stock (VNO: chart) fell 23 cents to $95.92.
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