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Earnings Analysis: 
J&J Sales Drop 4.9%, Parker Hannifin Net Drops 27%
Author: Trupti Mehta
123jump.com
Last Update: 1:24 PM ET January 20 2009



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Fastenal Company fourth quarter sales rose 5.0% to $545 million and net income rose 11% to $62.5 million or 42 cents a share. Johnson & Johnson fourth quarter revenues fell 4.9% to $15.18 billion and net income rose 14% to $2.71 billion or 97 cents a share.

 
1:00PM New York - Fastenal Company sales rose 5.0% and net income rose 11%. Forest Laboratories, Inc revenue fell 0.03% and net income fell 38%. Johnson & Johnson revenue fell 4.9% and net income rose 14%.

Fastenal Company, an industrial and construction supplies wholesaler reported fourth quarter sales increase 5% to $545 million from $519.2 million a year ago. Net income in the quarter rose 11% to $62.5 million or 42 cents per diluted share compared to net income of $56.2 million or 38 cents per share a year ago.

Net sales for the fiscal year 2008 rose 13.5% to $2.34 billion from $2.06 billion a year ago. Net income for the year rose 20.2% to $279.7 million or $1.88 per diluted share compared to net income of $232.6 million or $1.55 per share a year ago.

Fastenal Company (FAST) in the last one year traded as high as $56.48 in September 2008 and as low as $30.08 in January 2009. Based on the yesterday''s closing price of $33.15 the company has market cap of $4.92 billion.

Forest Laboratories, Inc, a pharmaceutical company reported third quarter revenues fell 0.03% to $998 million from $998.2 million a year ago. Net income in the quarter fell 38% to $188 million or 62 cents per diluted share compared to net income of $301.8 million or 96 cents per share a year ago.

Forest Laboratories, Inc (FRX) in the last one year traded as high as $42.76 in February 2008 and as low as $19.23 in November 2008. Based on the yesterday''s closing price of $25.76 the company has market cap of $7.76 billion.

Jefferies Group, Inc, a global investment bank and institutional securities firm reported fourth quarter revenues rose 15% to $114.7 million from $99.8 million a year ago. Net loss in the quarter was $443 million or $2.41 per diluted share compared to net loss of $24.2 million or 17 cents per share a year ago.

Total revenues for the fiscal year 2008 rose 25% to $444.3 million from $355.6 million a year ago. Net loss for the year was $538.8 million or $3.24 per diluted share compared to net income of $144.7 million or 97 cents per share a year ago.

Jefferies Group, Inc (JEF) in the last one year traded as high as $29.00 in September 2008 and as low as $7.97 in November 2008. Based on the yesterday''s closing price of $12.54 the company has market cap of $2.05 billion.

Johnson & Johnson, a healthcare products maker reported fourth quarter revenues fell 4.9% to $15.18 billion from $15.96 billion a year ago. Net income in the quarter rose 14% to $2.71 billion or 97 cents a diluted share compared to net income of $2.37 billion or 82 cents per share a year ago.

Total sales for the fiscal year 2008 rose 4.3% to $63.75 billion from $61.1 billion a year ago. Net income for the year rose 22% to $12.95 billion or $4.57 per diluted share compared to net income of $10.6 billion or $3.63 per share a year ago.

Johnson & Johnson (JNJ) in the last one year traded as high as $72.76 in September 2008 and as low as $52.06 in December 2008. Based on the yesterday''s closing price of $57.44 the company has market cap of $159.37 billion.

Parker-Hannifin Corporation, the world leader in motion and control technologies reported second quarter revenues fell 5% to $2.7 billion from $2.8 billion a year ago. Net income in the quarter fell 26.7% to $155.4 million or 96 cents per diluted share compared to net income of $211.9 million or $1.23 per share a year ago.

Parker-Hannifin Corporation (PH) in the last one year traded as high as $86.91 in May 2008 and as low as $31.29 in November 2008. Based on the yesterday''s closing price of $39.77 the company has market cap of $6.41 billion.

State Street Corporation, a financial holding company reported fourth quarter revenues rose 8% to $2.7 billion from $2.5 billion a year ago. Net income in the quarter fell 71% to $65 million or 15 cents per diluted share compared to net income of $223 million or 57 cents per share a year ago.

Total revenues for the fiscal year 2008 rose 28% to $10.693 billion from $8.336 billion a year ago. Net income for the year rose 28.5% to $1.620 billion or $3.89 per diluted share compared to net income of $1.261 billion or $3.45 per share a year ago.

State Street Corporation (STT) in the last one year traded as high as $85.76 in February 2008 and as low as $28.06 in November 2008. Based on the yesterday''s closing price of $36.35 the company has market cap of $15.70 billion.
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Market data: BATS Exchange. Inc.

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