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Earnings Analysis: 
Net Losses at Allianz, General Motors
Author: Trupti Mehta
123jump.com
Last Update: 12:14 PM ET February 26 2009


Allianz SE fourth quarter revenues fell 10% to €23 billion and net loss was €3.11 billion or €6.96 a share. General Motors Corporation fourth quarter revenues fell 39% to $30.8 billion and net loss was $9.6 billion or $15.71 a share.

 
11:45AM New York - Allianz SE revenue fell 10% and net loss was €3.11 billion. El Paso Corporation revenue rose 6% and net loss was $1.68 billion. General Motors Corporation revenue fell 39% and net loss was $9.6 billion.

[Allianz SE, German insurer reported fourth quarter revenues fell 10% to €23 billion from €25.6 billion a year ago. Net loss in the quarter was €3.11 billion or €6.96 per diluted share compared to net income of €665 million or €1.38 per share a year ago.

Revenues for the fiscal year 2008 fell 5.3% to €92.5 billion from €97.7 billion a year ago.
Net loss for the fiscal year 2008 was €2.44 billion €5.47 per diluted share compared to net income of €7.97 billion or €17.71 per share a year ago.

Allianz SE (AZ) in the last one year traded as high as $21.25 in April 2008 and as low as $5.53 in November 2008. Based on the yesterday''s closing price of $6.31 the company has market cap of $28.54 billion.

Boyd Gaming Corporation, a multi jurisdictional gaming company reported fourth quarter revenues fell 11.7% to $422.6 million from $478.6 million a year ago. Net loss in the quarter was $220.8 million or $2.51 per diluted share compared to net income of $31.2 million or 35 cents per share a year ago.

Net revenues for the fiscal year 2008 fell 10% to $1.78 billion from $2.0 billion a year ago. Net loss for the fiscal year 2008 was $223.0 million $2.54 per diluted share compared to net income of $303 million or $3.42 per share a year ago.

Boyd Gaming Corporation (BYD) in the last one year traded as high as $26.25 in February 2008 and as low as $2.81 in November 2008. Based on the yesterday''s closing price of $3.98 the company has market cap of $349.50 million.

British American Tobacco PLC, engaged in the sale of cigarettes, cigars, leaf and other tobacco products said full-year revenues rose 21% to £12.12 billion from £10.02 billion, a year ago. Net profit in the full-year rose 16.1% to £2.66 billion or 122.54 pence per diluted share compared to net profit of £2.29 billion or 104.46 pence per share, a year ago.

British American Tobacco PLC (BTI) in the last one year traded as high as 2,043.00 pence in May 2008 and as low as 1,350.00 pence in October 2008. Based on the yesterday’s closing price of 1,735.00 pence the company has market cap of £34.76 billion.

CDI Corp, professional staffing and outsourcing company reported fourth quarter revenues fell 15% to $253.6 million from $299 million a year ago. Net loss in the quarter was $3.2 million or 17 cents per diluted share compared to net income of $7.8 million or 38 cents per share a year ago.

Net revenues for the fiscal year 2008 fell 6% to $1.12 billion from $1.19 billion a year ago. Net income for the fiscal year 2008 fell 42% to $19.8 million 99 cents per diluted share compared to net income of $34.2 million or $1.68 per share a year ago.

CDI Corp (CDI) in the last one year traded as high as $28.96 in May 2008 and as low as $7.88 in November 2008. Based on the yesterday''s closing price of $9.95 the company has market cap of $188.08 million.

Cott Corporation, the world''s largest retailer brand soft drink provider reported fourth quarter revenues fell 10.1% to $371.4 million from $413.2 million a year ago. Net loss in the quarter was $13.2 million or 19 cents per diluted share compared to net loss of $75.1 million or $1.05 per share a year ago.

Net revenues for the fiscal year 2008 fell 7.3% to $1.65 billion from $1.78 billion a year ago. Net loss for the fiscal year 2008 was $123.9 million $1.75 per diluted share compared to net loss of $71.4 million or 99 cents per share a year ago.

Cott Corporation (COT) in the last one year traded as high as $3.95 in April 2008 and as low as $0.59 in October 2008. Based on the yesterday''s closing price of $0.910 the company has market cap of $62.53 million.

El Paso Corporation, a natural gas and related energy products distributor reported fourth quarter revenues rose 6% to $1.34 billion from $1.26 billion a year ago. Net loss in the quarter was $1.68 billion or $2.43 per diluted share compared to net income of $160 million or 21 cents per share a year ago.

Operating revenues for the fiscal year 2008 rose 17.4% to $5.4 billion from $4.6 billion a year ago. Net loss for the fiscal year 2008 was $823 million $1.24 per diluted share compared to net income of $1.11 billion or $1.53 per share a year ago.

El Paso Corporation (EP) in the last one year traded as high as $22.47 in June 2008 and as low as $5.32 in November 2008. Based on the yesterday''s closing price of $7.18 the company has market cap of $5.02 billion.

Genco Shipping & Trading Limited, a drybulk carrier fourth quarter revenues rose 54.6% to $101.6 million from $65.7 million a year ago. Net loss in the quarter was $111.3 million or $3.56 per diluted share compared to net income of $56.9 million or $1.98 per share a year ago.

Revenues for the fiscal year 2008 rose 119% to $405.4 million from $185.4 million a year ago. Net income for the fiscal year 2008 fell 19% to $86.6 million $2.84 per diluted share compared to net income of $106.8 million or $4.06 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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