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Earnings Analysis: 
Suntech Surges, E-House Edges Higher
Author: 123jump.com Staff
123jump.com
Last Update: 10:23 AM ET August 20 2008


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Suntech Power, China based solar energy company second quarter revenues grew 51% to $480.2 million and net income rose 58% to $65.2 million or 38 cents a share. BJs Wholesale Club, a warehouse club operator second quarter sales increased 18% to $2.65 billion and net income rose 0.54% to $36.5 million or 61 cents a share. China based real estate services provider E-House second quarter revenues increased 79% to $43.0 million and net income rose 85% to $11.7 million or 14 cents a share.

 
10:20AM New York – BJ’s Wholesale Club revenue rose 18% and earning increased 0.54%. Suntech Power Holdings second quarter revenue surged 51% and net income soared 58%.

BJ''s Wholesale Club, Inc, a warehouse club operator in the eastern United States reported second quarter sales increased 18% to $2.65 billion from $2.24 billion a year ago. Net income in the quarter rose 0.54% to $36.5 million or 61 cents per diluted share compared to net income of $36.3 million or 55 cents per share, a year ago.

BJ''s Wholesale Club, Inc (BJ: chart) in the last one year traded as high as $44.29 in July 2008 and as low as $26.36 in January 2008. Based on the yesterday’s closing price the company has a market cap of $2.44 billion.

E-House (China) Holdings Limited, a real estate services company in China reported second quarter revenues increased 79% to $43.0 million from $24.0 million a year ago. Net income in the quarter rose 85% to $11.7 million or 14 cents per diluted share compared to net income of $6.4 million or 9 cents per share, a year ago.

E-House (China) Holdings Limited (EJ: chart) in the last one year traded as high as $36.45 in October 2007 and as low as $8.31 in August 2008. Based on the yesterday’s closing price the company has a market cap of $695.25 million.

Eaton Vance Corp, an investment funds manager reported third quarter revenues decreased 1% to $282.8 million from $286.9 million a year ago. Net income in the quarter declined 12.5% to $49.6 million or 40 cents per diluted share compared to net income of $55.8 million or 41 cents per share, a year ago.

Eaton Vance Corp (EV: chart) in the last one year traded as high as $50.03 in October 2007 and as low as $26.94 in March 2008. Based on the yesterday’s closing price the company has a market cap of $4.19 billion.

Suntech Power Holdings Co., Ltd, solar energy company reported second quarter revenues grew 51% to $480.2 million from $317.4 million a year ago. Net income in the quarter rose 58% to $65.2 million or 38 cents per diluted share compared to net income of $41.3 million or 25 cents per share, a year ago.

Suntech Power Holdings Co., Ltd (STP: chart) in the last one year traded as high as $90.00 in January 2008 and as low as $28.19 in March 2008. Based on the yesterday’s closing price the company has a market cap of $5.73 billion.

Ross Stores, Inc, an operator of off-price retail apparel and home accessories stores reported second quarter sales increased 14% to $1.640 billion from $1.444 billion a year ago. Net income in the quarter rose 40% to $71.3 million or 54 cents per diluted share compared to net income of $50.9 million or 37 cents per share, a year ago. Comparable store sales in the quarter were up 6% over the prior year.

Ross Stores, Inc (ROST: chart) in the last one year traded as high as $41.45 in July 2008 and as low as $21.23 in January 2008. Based on the yesterday’s closing price the company has a market cap of $5.09 billion.
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