1:30PM New York - Engineering and construction companies Fluor and McDermott fell after reporting earnings. Fluor Corp quarterly revenue jumped 37% to $5.8 billion and earnings increased 54% to $209 million. McDermott International revenue rose 26% and earnings gained 19% in the quarter.
BearingPoint, Inc, a management and technology consulting firms said second quarter revenues rose 1.3% to $886.7 million from $875.3 million a year ago. Net income in the quarter was $18.5 million or 8 cents per diluted share compared to net loss of $64 million or 30 cents per share, a year ago.
BearingPoint, Inc (
BE) in the last one year traded as high as $6.74 in August 2007 and as low as $0.62 in July 2008. Based on the yesterday’s closing price the company has a market cap of $257.12 million.
Fluor Corporation, the engineering and construction contractor said second quarter revenues jumped 37% to $5.77 billion from $4.22 billion a year ago. Net income in the quarter increased 54.32% to $209.3 million or $1.13 per diluted share compared to net income of $95.6 million or 53 cents per share, a year ago.
Fluor Corporation (
FLR) in the last one year traded as high as $202.73 in June 2008 and as low as $72.67 in February 2008. Based on the yesterday’s closing price the company has a market cap of $13.50 billion.
Home Inns & Hotels Management Inc, an economy hotel chain in China said second quarter revenues surged 12 times to Rmb 448.1 million or $65.3 million from Rmb 38.4 million or $5.6 million a year ago. Net income in the quarter was Rmb 26.6 million or $3.9 million or 3 cents per diluted ADS compared to net income of Rmb 7.5 million or 10 cents per ADS, a year ago.
Home Inns & Hotels Management Inc (
HMIN) in the last one year traded as high as $50.08 in October 2007 and as low as $14.40 in July 2008. Based on the yesterday’s closing price the company has a market cap of $558.75 million.
LDK Solar Co., Ltd, China-based solar wafer maker said second quarter revenues jumped 89.2% to $441.7 million from $99.1 million a year ago. Net income in the quarter increased 67% to $149.5 million or $1.29 per diluted ADS compared to net income of $49.8 million or 45 cents per ADS, a year ago.
LDK Solar Co., Ltd (
LDK) in the last one year traded as high as $76.75 in September 2007 and as low as $19.64 in March 2008. Based on the yesterday’s closing price the company has a market cap of $3.58 billion.
McDermott International, Inc, an engineering and construction company said second quarter revenues rose 26% to $1.79 billion from $1.41 billion a year ago. Net income in the quarter increased 19% to $177.5 million or 77 cents per diluted share compared to net income of $149.4 million or 66 cents per share, a year ago.
McDermott International, Inc (
MDR) in the last one year traded as high as $67.14 in June 2008 and as low as $34.31 in August 2008. Based on the yesterday’s closing price the company has a market cap of $9.48 billion.
Nuance Communications, Inc, a maker of speech recognition and imaging products said third quarter revenues climbed 38% to $216.7 million from $156.6 million a year ago. Net loss in the quarter was $9.9 million or 5 cents per diluted share compared to net loss of $7.6 million or 4 cents per share, a year ago.
Nuance Communications, Inc (
NUAN) in the last one year traded as high as $22.56 in November 2007 and as low as $12.45 in July 2008. Based on the yesterday’s closing price the company has a market cap of $3.79 billion.
Stifel Financial Corp, a financial service holding company said second quarter revenues declined 3% to $209 million from $210 million a year ago. Net income in the quarter declined 14% to $12.3 million or 45 cents per diluted share compared to net income of $1.4 million or 6 cents per share, a year ago.
Stifel Financial Corp (
SF) in the last one year traded as high as $44.11 in July 2008 and as low as $24.67 in March 2008. Based on the yesterday’s closing price the company has a market cap of $989.67 million.
TravelCenters of America LLC, a wholly owned subsidiary of hospitality properties trust said second quarter revenues declined 35% to $2.27 billion from $1.48 billion a year ago. Net loss in the quarter was $9.7 million or 69 cents per diluted share compared to net loss of $6.3 million or 72 cents per share, a year ago.
TravelCenters of America LLC (
TA) in the last one year traded as high as $35.72 in August 2007 and as low as $2.03 in July 2008. Based on the yesterday’s closing price the company has a market cap of $39.41 million.
JA Solar Holdings Co., Ltd, a manufacturer of solar cells based in China reported second quarter revenues increased 171% to Rmb 1.24 billion or $180.3 million from Rmb 457.0 million or $66.6 million a year ago. Net income in the quarter increased 76.23% to Rmb 318.6 million or $46.4 million or 30 cents per share ADS compared to net income of RMB 75.7 million or $11.0 million or 8 cents per ADS, a year ago.
JA Solar Holdings Co., Ltd (
JASO) in the last one year traded as high as $27.00 in April 2008 and as low as $8.87 in August 2007. Based on the yesterday’s closing price the company has a market cap of $2.30 billion.
The TJX Companies, Inc, the off-price retailer of apparel and home accessories reported second quarter sales increased 7% to $4.6 billion from $4.3 billion a year ago. Net income in the quarter increased 70.5% to $200 million or 45 cents per share compared to net income of $59 million or 13 cents per share, a year ago.