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Earnings Analysis: 
American Express Sales Fall 16%; Amazon.com Net Up
Author: Trupti Mehta
123jump.com
Last Update: 10:16 AM ET October 23 2009


American Express Company third quarter revenues fell 16% to $6.02 billion and net income fell 21.5% to $640 million or 53 cents a share. Amazon.com, Inc third quarter sales rose 28% to $5.45 billion and net income rose 68.6% to $199 million or 45 cents a share.

 
[R]10:15AM New York - American Express Company revenue fell 16% and net income fell 21.5%. Amazon.com, Inc sales rose 28% and net income rose 68.6%.[/R]

Align Technology, Inc, the dental products company said third quarter revenues rose 5.5% to $79.3 million from $75.2 million a year ago. Net loss in the quarter was $49.9 million or 72 cents per diluted share compared to net income of $5.2 million or 8 cents per share a year ago.

Align Technology, Inc (ALGN: chart) in the last one year traded as high as $16.45 in October 2009 and as low as $4.88 in October 2008. Based on the yesterday’s closing price of $15.38 the company has market cap of $1.03 billion.

Amazon.com, Inc, the online retailer said third quarter sales rose 28% to $5.45 billion from $4.26 billion a year ago. Net income in the quarter rose 68.6% to $199 million or 45 cents per diluted share compared to net income of $118 million or 27 cents per share a year ago.

Amazon.com, Inc (AMZN: chart) in the last one year traded as high as $97.82 in October 2009 and as low as $34.68 in November 2008. Based on the yesterday’s closing price of $93.45 the company has market cap of $40.35 billion.

American Express Company, the credit card company said third quarter revenues fell 16% to $6.02 billion from $7.16 billion a year ago. Net income in the quarter fell 21.5% to $640 million or 53 cents per diluted share compared to net income of $815 million or 70 cents per share a year ago.

American Express Company (AXP: chart) in the last one year traded as high as $36.50 in September 2009 and as low as $9.71 in March 2009. Based on the yesterday’s closing price of $36.44 the company has market cap of $43.33 billion.

AmSurg Corp, an operator of outpatient surgery centers said third quarter revenues rose 11.4% to $167.9 million from $150.7 million a year ago. Net income in the quarter rose 11.3% to $13.8 million or 45 cents per diluted share compared to net income of $12.4 million or 38 cents per share a year ago.

AmSurg Corp (AMSG: chart) in the last one year traded as high as $25.76 in November 2008 and as low as $12.23 in March 2009. Based on the yesterday’s closing price of $23.19 the company has market cap of $711.03 million.

Capital One Financial Corporation, the finance company said third quarter net interest income rose 13.3% to $2.05 billion from $1.81 billion a year ago. Net income in the quarter rose 14% to $425.6 million or 94 cents per diluted share compared to net income of $374.1 million or $1 per share a year ago.

Capital One Financial Corporation (COF: chart) in the last one year traded as high as $42.99 in November 2008 and as low as $7.80 in March 2009. Based on the yesterday’s closing price of $38.33 the company has market cap of $17.44 billion.

Chipotle Mexican Grill, Inc, the restaurant said third quarter revenues rose 14% to $387.6 million from $340.5 million a year ago. Net income in the quarter rose 77% to $34.5 million or $1.08 per diluted share compared to net income of $19.5 million or 59 cents per share a year ago.

Comparable same-store sales increased 2.7%.

Chipotle Mexican Grill, Inc (CMG: chart) in the last one year traded as high as $98.99 in September 2009 and as low as $36.86 in November 2008. Based on the yesterday’s closing price of $89.52 the company has market cap of $2.83 billion.

The Chubb Corporation, the insurer said third quarter net premiums written fell 7% to $2.7 billion from $2.9 billion a year ago. Net income in the quarter rose 125.8% to $596 million or $1.69 per diluted share compared to net income of $264 million or 73 cents per share a year ago.

The Chubb Corporation (CB: chart) in the last one year traded as high as $53.79 in October 2009 and as low as $34.44 in March 2009. Based on the yesterday’s closing price of $53.79 the company has market cap of $18.82 billion.

City National Corporation, the bank said third quarter net interest income rose 5.6% to $161.3 million from $152.8 million a year ago. Net income in the quarter fell 85% to $2.5 million or 5 cents per diluted share compared to net income of $16.6 million or 34 cents per share a year ago.

City National Corporation (CYN: chart) in the last one year traded as high as $53.85 in October 2008 and as low as $22.59 in March 2009. Based on the yesterday’s closing price of $41.54 the company has market cap of $2.14 billion.

Compuware Corporation, the business software provider said second quarter revenues fell 19.2% to $217.9 million from $269.8 million a year ago. Net income in the quarter rose 29.6% to $28 million or 12 cents per diluted share compared to net income of $21.6 million or 8 cents per share a year ago.

Compuware Corporation (CPWR: chart) in the last one year traded as high as $8.18 in May 2009 and as low as $5.08 in March 2009. Based on the yesterday’s closing price of $7.10 the company has market cap of $1.69 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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