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Earnings Analysis: 
Autodesk, Nordstrom Net Drops
Author: Trupti Mehta
123jump.com
Last Update: 8:31 AM ET August 14 2009



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Autodesk, Inc second quarter revenues fell 33% to $415 million and net income fell 88% to $10.5 million or 5 cents a share. Nordstrom, Inc second quarter revenues fell 6% to $2.14 billion and net income fell 27% to $105 million or 48 cents a share.

 
[R]8:30AM New York - Autodesk, Inc revenue fell 33% and net income fell 88%. Nordstrom, Inc revenue fell 6% and net income fell 27%.[/R]

American Apparel, Inc, the teen clothing retailer said second quarter sales rose 2% to $136.1 million from $133.0 million a year ago. Net income in the quarter fell 34% to $4.5 million or 6 cents per diluted share compared to net income of $6.8 million or 10 cents per share a year ago.

American Apparel, Inc (APP: chart) in the last one year traded as high as $10.05 in September 2008 and as low as $1.26 in March 2009. Based on the yesterday’s closing price of $4.00 the company has market cap of $284.12 million.

Autodesk, Inc, the software company said second quarter revenues fell 33% to $415 million from $619.5 million a year ago. Net income in the quarter fell 88% to $10.5 million or 5 cents per diluted share compared to net income of $89.8 million or 39 cents per share a year ago.

Autodesk, Inc (ADSK: chart) in the last one year traded as high as $38.37 in August 2009 and as low as $11.78 in March 2009. Based on the yesterday’s closing price of $24.20 the company has market cap of $5.53 billion.

Nordstrom, Inc, the luxury retailer said second quarter revenues fell 6% to $2.14 billion from $2.29 billion a year ago. Net income in the quarter fell 27% to $105 million or 48 cents per diluted share compared to net income of $143 million or 65 cents per share a year ago.

Nordstrom, Inc (JWN: chart) in the last one year traded as high as $35.53 in September 2008 and as low as $8.40 in November 2008. Based on the yesterday’s closing price of $29.76 the company has market cap of $6.44 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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