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Earnings Analysis: 
Estee Lauder Rises, Wal-Mart Sales Up 10%
Author: 123jump.com Staff
123jump.com
Last Update: 12:29 AM ET August 14 2008


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Wal-Mart quarterly sales rose 10% to $101.6 billion and net income increased 17% to $3.35 billion. Copa Holdings, Panama based cargo carrier quarterly revenue rose 26% to $298 million and net income declined 1.6% to $30 million. China based business media company Global Sources second quarter revenue increased 21% to $64 million and net income increased 50% to $8.4 million. JM Smucker Company first quarter sales increased 18% to $664 million and net income increased 8% to $42 millon

 
12:15PM New York – Estee Lauder surged after quarterly earnings rose 35%. Copa Holdings net income declined 1.6%.

Copa Holdings, S.A, an international airline passenger and cargo carrier based in Panama reported second quarter revenues increased 26.6% to $297.9 million from $235.3 million a year ago. Net income in the quarter declined 1.64% to $30.4 million or 70 cents per diluted share compared to net income of $30.9 million or 71 cents per share, a year ago.

Copa Holdings, S.A (CPA: chart) in the last one year traded as high as $55.96 in August 2007 and as low as $24.69 in July 2008. Based on the yesterday’s closing price the company has a market cap of $1.59 billion.

Global Sources Ltd, a business-to-business media company reported second quarter revenues increased 21% to $63.7 million from $52.5 million a year ago. Net income in the quarter rose 50% to $8.4 million or 18 cents per diluted share compared to net income of $4.2 million or 9 cents per share, a year ago.

Global Sources Ltd (GSOL: chart) in the last one year traded as high as $35.00 in October 2007 and as low as $10.50 in March 2008. Based on the yesterday’s closing price the company has a market cap of $707.54 million.

Melco Crown Entertainment Ltd, a developer and owner of casino gaming and entertainment resort facilities reported second quarter revenues increased 88.27% to $384.6 million from $45.1 million a year ago. Net loss in the quarter was $5.7 million or $0.01 cents per diluted ADS compared to net loss of $69.2 million or 17 cents per ADS, a year ago.

Melco Crown Entertainment Ltd (MPEL: chart) in the last one year traded as high as $19.09 in October 2007 and as low as $5.70 in July 2007. Based on the yesterday’s closing price the company has a market cap of $2.94 billion.

The J.M. Smucker Company, engaged in manufacture and marketing of branded food products on a worldwide basis reported first quarter sales rose 18% to $663.7 million from $561.5 million a year ago. Net income in the quarter rose 8% to $42.3 million or 77 cents per diluted share compared to net income of $41 million or 71 cents per share, a year ago.

The J.M. Smucker Company (SJM: chart) in the last one year traded as high as $57.49 in August 2007 and as low as $40.18 in June 2008. Based on the yesterday’s closing price the company has a market cap of $2.77 billion.

TAM S.A., provides scheduled air transportation in both the domestic market and the international market said second quarter revenues increased 27.7 % to R$ 2,514.4 million from R$ 1,969.7 million a year ago. Net income in the quarter was R$50.2 million or 21 cents per diluted share compared to net loss of R$28.6 million or 10 cents per share, a year ago.

TAM S.A (TAM: chart) in the last one year traded as high as $30.04 in November 2007 and as low as $14.75 in July 2008. Based on the yesterday’s closing price the company has a market cap of $3.19 billion.

The Estee Lauder Companies Inc, U.S. cosmetics company reported fourth quarter sales rose 14% to $2.01 billion from $1.76 billion a year ago. Net income in the quarter rose 35.7% to $120.2 million or 61 cents per diluted share compared to net income of $88.6 million or 45 cents per share, a year ago.

$7.91 billion in net sales for its fiscal year ended June 30, 2008, a 12% increase over the $7.04 billion reported in the prior year. Excluding the impact of foreign currency translation, net sales rose 8%. Net earnings for the year ended June 30, 2008 of $473.8 million compared with $449.2 million last year. Diluted net earnings per common share for the year rose 11% to $2.40 compared with $2.16 reported in the prior year.

The Estee Lauder Companies Inc (EL: chart) in the last one year traded as high as $49.43 in June 2008 and as low as $37.03 in January 2008. Based on the yesterday’s closing price the company has a market cap of $8.72 billion.

Urban Outfitters, Inc, apparel retailer reported second quarter revenues rose 30% to $454.3 million from $348.4 million a year ago. Net income in the quarter rose 79% to $57 million or 33 cents per diluted share compared to net income of $31.9 million or 19 cents per share, a year ago.

Urban Outfitters, Inc (URBN: chart) in the last one year traded as high as $37.09 in August 2008 and as low as $20.22 in August 2008. Based on the yesterday’s closing price the company has a market cap of $5.69 billion.

Chindex International, Inc, a leading independent American provider of western healthcare products and services in the People''s Republic of China reported first quarter revenues rose 20% to $32.1 million from $26.8 million a year ago. Net loss in the quarter was $0.2 million or 1 cent per diluted share compared to net income of $0.8 million or 8 cents per share, a year ago.

Chindex International, Inc (CHDX: chart) in the last one year traded as high as $29.20 in February 2008 and as low as $10.17 in August 2007. Based on the yesterday’s closing price the company has a market cap of $214.68 billion.

Wal-Mart Stores, Inc, the world''s largest retailer reported second quarter sales rose 10.4% to $101.6 billion from $92 billion a year ago. Net income in the quarter rose 17% to $3.35 billion or 87 cents per diluted share compared to net income of $2.95 billion or 72 cents per share, a year ago.
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