10:00AM New York - Fidelity National Financial, Inc revenue fell 21.5% and net loss was $1.7 million. ITT Corporation revenue rose 16% and net income rose 17%. Kraft Foods Inc revenue rose 6% and net income fell 72%.
Alcatel Lucent, the world''s largest maker of telecom equipment reported fourth quarter revenues fell 5.3% to €4.95 billion from €5.23 billion a year ago. Net loss in the quarter was €3.89 billion or €1.72 per diluted share compared to net loss of €2.58 billion or €1.14 per share a year ago.
Revenues for the fiscal year 2008 fell 0.4% to €17 billion from €17.8 billion a year ago. Net loss for the year was €5.21 billion or €2.31 per diluted share compared to net loss of $3.52 billion or €1.56 per share a year ago.
Alcatel Lucent (
ALU) in the last one year traded as high as €7.67 in May 2008 and as low as €1.74 in November 2008. Based on the yesterday''s closing price of €1.88 the company has market cap of €4.25 billion.
Fidelity National Financial, Inc, a leader in title insurance and claims management services reported fourth quarter revenues fell 21.5% to $1.02 billion from $1.30 billion a year ago. Net loss in the quarter was $1.7 million or 1 cent per diluted share compared to net loss of $44.9 million or 21 cents per share a year ago.
Revenues for the fiscal year 2008 fell 21.6% to $4.33 billion from $5.52 billion a year ago. Net loss for the year was 165.8 million or 79 cents per diluted share compared to net income of $129.8 million or 59 cents per share a year ago.
Fidelity National Financial, Inc (
FNF) in the last one year traded as high as $20.96 in February 2008 and as low as $6.66 in October 2008. Based on the yesterday''s closing price of $15.99 the company has market cap of $3.39 billion.
Forestar Group, Inc, operates in real estate, mineral resources and fiber resources reported fourth quarter revenues 4% to $37 million from $35.6 million a year ago. Net income in the quarter was $1.7 million or 5 cents per diluted share compared to net income of $0.1 million or break even per share a year ago.
Revenues for the fiscal year 2008 fell 10% to $159.8 million from $178 million a year ago. Net income for the year fell 52% to $12 million or 33 cents per diluted share compared to net income of $24.8 million or 70 cents per share a year ago.
Forestar Group, Inc (
FOR) in the last one year traded as high as $29.49 in February 2008 and as low as $2.93 in November 2008. Based on the yesterday''s closing price of $12.41 the company has market cap of $443.04 million.
ITT Corporation, a multi-industry company reported fourth quarter revenues rose 16% to $2.9 billion from $2.5 billion a year ago. Net income in the quarter rose 17% to $185.5 million or $1.02 per diluted share compared to net income of $158.3 million or 86 cents per share a year ago.
Revenues for the fiscal year 2008 rose 30% to $11.7 billion from $9.0 billion a year ago. Net income for the year rose 7% to $794.7 million or $4.33 per diluted share compared to net income of $742.1 million or $4.03 per share a year ago.
ITT Corporation (
ITT) in the last one year traded as high as $69.73 in July 2008 and as low as $34.75 in November 2008. Based on the yesterday''s closing price of $45.05 the company has market cap of $8.18 billion.
Kraft Foods Inc, engaged in the manufacture and sale of packaged food reported fourth quarter revenues rose 6% to $10.77 billion from $10.14 billion a year ago. Net income in the quarter fell 72% to $163 million or 11 cents per diluted share compared to net income of $585 million or 38 cents per share a year ago.
Revenues for the fiscal year 2008 rose 17% to $42.2 billion from $36.13 billion a year ago. Net income for the year rose 12% to $2.9 billion or $1.92 per diluted share compared to net income of $2.59 billion or $1.62 per share a year ago.
Kraft Foods Inc (
KFT) in the last one year traded as high as $34.97 in September 2008 and as low as $24.75 in November 2008. Based on the yesterday''s closing price of $28.74 the company has market cap of $42.22 billion.
National Oilwell Varco, Inc, a provider of equipment and components used in oil and gas drilling reported fourth quarter revenues rose 5% to $3.8 billion from $2.7 billion a year ago. Net income in the quarter rose 55% to $585.0 million or $1.40 per diluted share compared to net income of $376.7 million or $1.05 per share a year ago.
Total revenues for the fiscal year 2008 rose 37% to $13.4 billion from $9.8 billion a year ago. Net income for the year rose 46% to $1.9 billion or $4.90 per diluted share compared to net income of $1.3 billion or $3.76 per share a year ago.
National Oilwell Varco, Inc (
NOV) in the last one year traded as high as $92.70 in June 2008 and as low as $17.60 in November 2008. Based on the yesterday''s closing price of $25.62 the company has market cap of $10.69 billion.
PPL Corporation, an energy and utility holding company reported fourth quarter revenues rose 56% to $2.51 billion from $1.61 billion a year ago. Net income in the quarter fell 34% to $277 million or 74 cents per diluted share compared to net income of $418 million or $1.11 per share a year ago.
Operating revenues for the fiscal year 2008 rose 23% to $8.0 billion from $6.5 billion a year ago. Net income for the year fell 28% to $930 million or $2.47 per diluted share compared to net income of $1.3 billion or $3.35 per share a year ago.