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Earnings Analysis: 
Watson Wyatt Rises; Copa, OM Group Fall
Author: 123jump.com Staff
123jump.com
Last Update: 3:36 PM EDT May 08 2008


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Watson Wyatt surged after it reported revenue rise of 16% to $457.5 million and earnings gain of 26% to $42.5 million. OM Group fell after earnings plunged 93% to $55.2 million. Hedge fund and alternative asset manager Fortress Group fell after it reported a quarterly loss of $69 million. Copa Holdings, operator of Panama based airline fell after earnings fell 18.7%.

 
PRIMEDIA Inc stock (PRM: chart) fell 15 cents to $5.90.

Teradata Corporation, engaged in enterprise data warehousing reported first quarter revenues rose 2% to $375 million from $367 million a year ago. Net income in the quarter decreased 2.36% to $42 million or 23 cents per diluted share compared to net income of $43 million or 24 cents per share, a year ago.

Teradata Corporation stock (TDC: chart) rose 41 cents to $23.46.

Watson Wyatt Worldwide, Inc, provider of human capital and financial management consulting services reported third quarter revenues rose 16% to $457.5 million from $395.6 million a year ago. Net income in the quarter increased 26% to $42.5 million or 96 cents per diluted share compared to net income of $33.8 million or 76 cents per share, a year ago.

Watson Wyatt Worldwide, Inc stock (WW: chart) rose $2.51 to $59.99.
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