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Earnings Analysis: 
American Eagle Net Drops 57%, Chico's Sales Fall
Author: Trupti Mehta
123jump.com
Last Update: 11:19 AM ET November 25 2008


American Eagle Outfitters third quarter sales rose 1% to $754 million and net income fell 57% to $42.6 million or 21 cents a share. Bank of Montreal fourth quarter revenues rose 27.9% to $2.8 billion and net income rose 24% to $560 million or $1.08 a share.

 
[R]10:55AM New York - American Eagle Outfitters, Inc sales rose 1% and net income fell 57%. Bank of Montreal revenue rose 27.9% and net income rose 24%. Brown Shoe Company, Inc sales fell 2.2% and net income fell 61%.[/R]

American Eagle Outfitters, Inc, an apparel retailer reported third quarter sales rose 1% to $754 million from $744 million a year ago. Net income in the quarter fell 57% to $42.6 million or 21 cents per diluted share compared to net income of $99.4 million or 45 cents per share a year ago.

Comparable same store sales decreased 7%.

American Eagle Outfitters, Inc (AEO: chart) in the last one year traded as high as $23.84 in February 2008 and as low as $6.98 in November 2008. Based on the yesterday''s closing price of $8.35 the company has market cap of $1.72 billion.

Bank of Montreal, the Canada based bank reported fourth quarter revenues rose 27.9% to $2.8 billion from $2.2 billion a year ago. Net income in the quarter rose 24% to $560 million or $1.08 per diluted share compared to net income of $452 million or 89 cents per share a year ago.

Net income for the fiscal year 2008 was $1,978 million or $3.76 a share compared with $2,131 million or earnings per share of $4.11 a year ago quarter. Return on equity declind to 13.0% compared with 14.4%.

Bank of Montreal (BMO: chart) in the last one year traded as high as $63.44 in November 2007 and as low as $22.56 in November 2008. Based on the yesterday''s closing price of $27.55 the company has market cap of $13.90 billion.

Brown Shoe Company, Inc reported third quarter sales fell 2.2% to $631.7 million from $645.5 million a year ago. Net income in the quarter fell 61% to $10.4 million or 25 cents per diluted share compared to net income of $27.0 million or 61 cents per share a year ago.

Comparable same store sales decreased 5.0%.

Brown Shoe Company, Inc (BWS: chart) in the last one year traded as high as $18.59 in December 2007 and as low as $4.34 in November 2008. Based on the yesterday''s closing price of $5.54 the company has market cap of $234.50 million.

Chico’s FAS, Inc, a specialty retailer reported third quarter sales fell 5.2% to $394.2 million from $415.9 million a year ago. Net income in the quarter fell 91.5% to $2.0 million or 1 cent per diluted share compared to net income of $23.6 million or 13 cents per share a year ago.

Comparable same store sales decreased 13.4%.

Chico’s FAS, Inc (CHS: chart) in the last one year traded as high as $11.68 in December 2007 and as low as $1.72 in November 2008. Based on the yesterday''s closing price of $2.35 the company has market cap of $414.80 million.

Daktronics, Inc, the world’s largest supplier of, large screen video displays reported second quarter sales rose 29% to $169.7 million from $131.4 million a year ago. Net income in the quarter rose 52.5% to $12.2 million or 30 cents per diluted share compared to net income of $8.0 million or 19 cents per share a year ago.

Daktronics, Inc (DAKT: chart) in the last one year traded as high as $24.82 in December 2007 and as low as $5.69 in November 2008. Based on the yesterday''s closing price of $6.76 the company has market cap of $273.35 million.

Dollar Tree, Inc, the largest discount variety store chain reported third quarter sales rose 11.6% to $1.11 billion from $997.8 million a year ago. Net income in the quarter rose 20% to $43.1 million or 47 cents per diluted share compared to net income of $35.9 million or 38 cents per share a year ago.

Comparable same store sales increased 6.2%.

Dollar Tree, Inc (DLTR: chart) in the last one year traded as high as $42.20 in August 2008 and as low as $20.72 in January 2008. Based on the yesterday''s closing price of $38.28 the company has market cap of $3.46 billion.

Eaton Vance Corp, the asset manager focused on bonds and money markets reported fourth quarter revenues fell 15% to $249.8 million from $293.8 million a year ago. Net income in the quarter fell 43% to $35.0 million or 28 cents per diluted share compared to net income of $61.4 million or 47 cents per share a year ago.

For the fiscal year 2008 the company''s revenue increased 1% to $1.1 billion in fiscal 2008. Investment advisory and administration fees increased 5% to $815.7 million, reflecting a 5% increase in average assets under management. Operating expenses in fiscal 2008 decreased 14% to $732.0 million compared to operating expenses of $851.2 million in the prior.
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Market data: BATS Exchange. Inc.

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