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Earnings Analysis: 
Advance Auto Net Rises; LDK Net Loss
Author: Trupti Mehta
123jump.com
Last Update: 9:07 AM ET August 13 2009



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Advance Auto Parts Inc second quarter revenues rose 7% to $1.32 billion and net income rose 7% to $80.3 million or 83 cents a share. LDK Solar Co., Ltd second quarter revenues fell 48% to $228.3 million and net loss was $216.9 million or $2.03 a share.

 
[R]9:10AM New York - Advance Auto Parts Inc revenue rose 7% and net income rose 7%. LDK Solar Co., Ltd revenue fell 48% and net loss was $216.9 million.[/R]

Advance Auto Parts Inc, an automotive aftermarket retailer said second quarter revenues rose 7% to $1.32 billion from $1.24 billion a year ago. Net income in the quarter rose 7% to $80.3 million or 83 cents per diluted share compared to net income of $75.4 million or 78 cents per share a year ago.

Advance Auto Parts Inc (AAP: chart) in the last one year traded as high as $47.06 in August 2009 and as low as $24.17 in October 2008. Based on the yesterday’s closing price of $45.63 the company has market cap of $4.35 billion.

Bally Technologies, Inc, the slot machine maker said fourth quarter revenues fell 17% to $205.1 million from $247.4 million a year ago. Net income in the quarter rose 6% to $33.2 million or 58 cents per diluted share compared to net income of $31.3 million or 54 cents per share a year ago.

Revenues for the fiscal year 2009 fell 2% to $883.4 million from $899.7 million a year ago. Net income in the year rose 18% to $126.3 million or $2.22 per diluted share compared to net income of $107.2 million or $1.85 per share a year ago.

Bally Technologies, Inc (BYI: chart) in the last one year traded as high as $39.14 in August 2009 and as low as $13.53 in March 2009. Based on the yesterday’s closing price of $37.61 the company has market cap of $2.05 billion.

Kinross Gold Corporation, the gold miner said second quarter revenues rose 100% to $598.1 million from $298.7 million a year ago. Net income in the quarter fell 26% to $19.3 million or 3 cents per diluted share compared to net income of $26.0 million or 4 cents per share a year ago.

Kinross Gold Corporation (KGC: chart) in the last one year traded as high as $20.96 in June 2009 and as low as $7.66 in October 2008. Based on the yesterday’s closing price of $19.47 the company has market cap of $13.52 billion.

LDK Solar Co., Ltd, the solar cell wafer maker said second quarter revenues fell 48% to $228.3 million from $441.7 million a year ago. Net loss in the quarter was $216.9 million or $2.03 per ADS compared to net income of $149.5 million or $1.29 per ADS a year ago.

LDK Solar Co., Ltd (LDK: chart) in the last one year traded as high as $51.26 in August 2008 and as low as $4.04 in March 2009. Based on the yesterday’s closing price of $11.21 the company has market cap of $1.27 billion.
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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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