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Earnings Analysis: 
Principal Financial Group Sales Down 2%; Electronic Arts Net Loss
Author: Mita Yagnik
123jump.com
Last Update: 10:20 AM ET February 09 2010


Principal Financial Group, Inc fourth quarter revenues fell 2% to $2.23 billion and net income was $141.9 million or 44 cents a share. Electronic Arts Inc third quarter revenues fell 25% to $1.24 billion and net loss was $82 million or 25 cents a share.

 
1:00AM New York - Principal Financial Group, Inc revenue fell 2% and net income was $141.9 million. Electronic Arts Inc revenue fell 25% and net loss was $82 million.

The Andersons, Inc, a fertilizer maker said fourth quarter sales rose 19% to $916 million from $770 million a year ago. Net income in the quarter was $16.2 million or 88 cents per diluted share compared to net loss of $33.4 million or $1.84 per share a year ago.

Net sales for the fiscal year 2009 fell 14.3% to $3.0 billion from $3.5 billion a year ago. Net income for the year rose 16.7% to $38.4 million or $2.08 per diluted share compared to net income of $32.9 million or $1.79 per share a year ago.

The Andersons, Inc (ANDE) in the last one year traded as high as $37.56 in October 2009 and as low as $11.00 in March 2009. Based on the yesterday’s closing price of $28.92 the company has market cap of $529.24 million.

AXIS Capital Holdings Limited, the insurer and reinsurer said fourth quarter revenues rose 50% to $867.6 million from $579.3 million a year ago. Net income in the quarter rose 115% to $282.1 million or $1.87 per diluted share compared to net income of $130.9 million or 88 cents per share a year ago.

Total revenues for the fiscal year 2009 were flat at $2.8 billion from $2.8 billion a year ago. Net income for the year rose 31.5% to $461.0 million or $3.07 per diluted share compared to net income of $350.5 million or $2.26 per share a year ago.

AXIS Capital Holdings Limited (AXS) in the last one year traded as high as $31.73 in October 2009 and as low as $17.32 in March 2009. Based on the yesterday’s closing price of $28.69 the company has market cap of $4.09 billion.

Camden Property Trust., the real estate investment trust said fourth quarter revenues fell 3% to $153.1 million from $157.6 million a year ago. Net loss in the quarter was $79.3 million or $1.19 per diluted share compared to net loss of $34.9 million or 63 cents per share a year ago.

Total revenues for the fiscal year 2009 fell 0.02% to $623.9 million from $624.0 million a year ago. Net loss for the year was $50.8 million or 80 cents per diluted share compared to net income of $71.0 million or $1.28 per share a year ago.

Camden Property Trust (CPT) in the last one year traded as high as $45.00 in December 2009 and as low as $16.38 in March 2009. Based on the yesterday’s closing price of $37.82 the company has market cap of $2.43 billion.

Electronic Arts Inc, the video game publisher said third quarter revenues fell 25% to $1.24 billion from $1.65 billion a year ago. Net loss in the quarter was $82 million or 25 cents per diluted share compared to net loss of $641 million or $2.00 per share a year ago.

Electronic Arts Inc (ERTS) in the last one year traded as high as $23.76 in June 2009 and as low as $14.75 in March 2009. Based on the yesterday’s closing price of $17.49 the company has market cap of $5.69 billion.

Forward Air Corporation, a provider of air freight services to cargo carriers and airlines said fourth quarter revenues fell 4.4% to $118.0 million from $123.5 million a year ago. Net income in the quarter fell 23% to $6.4 million or 22 cents per diluted share compared to net income of $8.3 million or 29 cents per share a year ago.

Total revenues for the fiscal year 2009 fell 12% to $417.4 million from $474.4 million a year ago. Net income for the year fell 76.7% to $9.9 million or 34 cents per diluted share compared to net income of $42.5 million or $1.47 per share a year ago.

Forward Air Corporation (FWRD) in the last one year traded as high as $26.78 in January 2010 and as low as $13.48 in March 2009. Based on the yesterday’s closing price of $21.97 the company has market cap of $636.48 million.

Parkway Properties, Inc, a real estate investment trust said fourth quarter revenues rose 0.1% to $66.0 million from $65.9 million a year ago. Net loss in the quarter was $11.4 million or 53 cents per diluted share compared to net loss of $7.1 million or 47 cents per share a year ago.

Total revenues for the fiscal year 2009 rose 1% to $268.2 million from $265.4 million a year ago. Net loss for the year was $16.4 million or 85 cents per diluted share compared to net income of $4.5 million or 30 cents per share a year ago.

Parkway Properties, Inc (PKY) in the last one year traded as high as $23.25 in January 2010 and as low as $8.46 in March 2009. Based on the yesterday’s closing price of $19.95 the company has market cap of $431.38 million.

Pike Electric Corporation, an energy solutions provider said second quarter revenues fell 6.5% to $135.2 million from $144.6 million a year ago. Net loss in the quarter was $4.7 million or 14 cents per diluted share compared to net income of $2.6 million or 8 cents per share a year ago.

Pike Electric Corporation (PIKE) in the last one year traded as high as $12.99 in October 2009 and as low as $7.28 in November 2009. Based on the yesterday’s closing price of $8.16 the company has market cap of $273.08 million.
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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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