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Earnings Analysis: 
Master Card Net Drops 21%, CIGNA Net Loss
Author: Trupti Mehta
123jump.com
Last Update: 2:17 PM ET February 05 2009


Master Card fourth quarter revenues rose 14% to $1.22 billion from $1.07 billion a year ago. Net income in the quarter fell 21% to $239.4 million or $1.84. CIGNA fourth quarter revenues rose 8% to $4.82 billion from $4.46 billion a year ago. Net loss was $209 million or 77 cents per share.

 
2:30PM New York - Brush Engineered Materials Inc sales fell 19% and net loss was $2.8 million. CARBO Ceramics Inc revenue rose 30% and net income rose 371%. CIGNA Corporation revenue rose 8% and net loss was $209 million.

Banco Santander SA, a financial group that offers a range of financial products reported fourth quarter net income in the quarter fell 62% to €1.94 billion or compared to net income of €2.5 billion a year ago.

Net interest income for the fiscal year 2008 rose 21.6% to €18.6 billion from €15.3 billion a year ago. Net income for the year fell 2% to €8.9 billion compared to net loss of €9.06 billion a year ago.

Banco Santander SA (STD) in the last one year traded as high as €22.27 in May 2008 and as low as €6.01 in November 2008. Based on the yesterday''s closing price of €7.72 the company has market cap of €48.28 billion.

Brush Engineered Materials Inc, a manufacturer of engineered materials reported fourth quarter sales fell 19% to $196.3 million from $240.9 million a year ago. Net loss in the quarter was $2.8 million or 14 cents per diluted share compared to net income of $12.3 million or 60 cents per share a year ago.

Net sales for the fiscal year 2008 fell 5% to $909.7 million from $955.7 million a year ago. Net income for the year fell 64.5% to $18.9 million or 92 cents per diluted share compared to net income of $53.3 million or $2.59 per share a year ago.

Brush Engineered Materials Inc (BW) in the last one year traded as high as $34.63 in May 2008 and as low as $6.98 in November 2008. Based on the yesterday''s closing price of $13.00 the company has market cap of $259.13 million.

CARBO Ceramics Inc, the world''s largest supplier of ceramic proppant reported fourth quarter revenues rose 30% to $105.6 million from $81 million a year ago. Net income in the quarter rose 371% to $64.1 million or $2.66 per diluted share compared to net income of $13.6 million or 56 cents per share a year ago.

Revenues for the fiscal year 2008 rose 29% to $387.8 million from $300 million a year ago. Net income for the year rose 105% to $110.3 million or $4.51 per diluted share compared to net income of $53.9 million or $2.20 per share a year ago.

CARBO Ceramics Inc (CRR) in the last one year traded as high as $62.57 in August 2008 and as low as $30.38 in October 2008. Based on the yesterday''s closing price of $33.17 the company has market cap of $811.23 million.

CIGNA Corporation, health insurer reported fourth quarter revenues rose 8% to $4.82 billion from $4.46 billion a year ago. Net loss in the quarter was $209 million or 77 cents per diluted share compared to net income of $263 million or 93 cents per share a year ago.

Revenues for the fiscal year 2008 rose 8.5% to $19.1 billion from $17.6 billion a year ago. Net income for the year fell 20% to $946 million or $1.05 per diluted share compared to net income of $1.18 billion or $3.87 per share a year ago.

CIGNA Corporation (CI) in the last one year traded as high as $49.61in February 2008 and as low as $8.00 in November 2008. Based on the yesterday''s closing price of $18.02 the company has market cap of $4.90 billion.

Deutsche Bank AG, a global investment bank reported fourth quarter revenues declined to €885 million from €7.3 billion a year ago. Net loss in the quarter was €4.8 billion or €8.71 per diluted share compared to net income of €969 million or €1.93 per share a year ago.

Net revenues for the fiscal year 2008 fell 56% to €13.5 billion from €30.7 billion a year ago. Net loss for the year was €3.9 billion or €7.61 compared to net income of €6.5 billion or €13.05 per share a year ago.

Deutsche Bank AG (DB) in the last one year traded as high as €122.98 in April 2008 and as low as €21.13 in January 2009. Based on the yesterday''s closing price of €27.36 the company has market cap of €14.93 billion.

Eagle Materials Inc, a manufacturer of basic building materials reported third quarter revenues fell 20% to $137.8 million from $173 million a year ago. Net income in the quarter fell 50% to $11.3 million or 26 cents per diluted share compared to net income of $22.5 million or 50 cents per share a year ago.

Eagle Materials Inc (EXP) in the last one year traded as high as $38.89 in February 2008 and as low as $13.01 in October 2008. Based on the yesterday''s closing price of $17.88 the company has market cap of $778.57 million.

EOG Resources, Inc, one of the largest independent oil and natural gas companies in the United States reported fourth quarter revenues rose 23% to $1.6 billion from $1.3 billion a year ago. Net income in the quarter rose 29% to $461.5 million or $1.84 per diluted share compared to net income of $358.0 million or $1.44 per share a year ago.

Net operating revenues for the fiscal year 2008 rose 69% to $7.1 billion from $4.2 billion a year ago. Net income for the year rose 125% to $2.43 billion or $9.72 per diluted share compared to net income of $1.08 billion or $4.37 per share a year ago.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.

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