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Earnings Analysis: 
Autodesk Sales Fall; The Gap Net Falls
Author: Trupti Mehta
123jump.com
Last Update: 3:55 AM ET May 22 2009


Autodesk, Inc first quarter revenues fell 29% to $425.8 million and net loss was $32.1 million or 14 cents a share. The Gap, Inc first quarter sales fell 8% to $3.13 billion and net income fell 13.7% to $215 million or 31 cents a share.

 
[R]10:00AM New York - Autodesk, Inc revenue fell 29% and net loss was $32.1 million. The Gap, Inc sales fell 8% and net income fell 13.7%.[/R]

8x8, Inc, the provider of internet protocol communications solutions said fourth quarter revenues fell 3% to $15.8 million from $16.3 million a year ago. Net loss in the quarter was $3.9 million or 6 cents per diluted share compared to net income of $0.7 million or 1 cent per share a year ago.

Total revenues fro the fiscal year rose 5% to $64.7 million from $61.6 million a year ago. Net loss for the year was $2.5 million or 4 cents per diluted share compared to net income of $30,000 or break even per share a year ago.

8x8, Inc (EGHT: chart) in the last one year traded as high as $1.30 in June 2008 and as low as $0.40 in December 2008. Based on the yesterday’s closing price of $0.711 the company has market cap of $44.37 million.

Aeropostale, Inc, the teen apparel retailer said first quarter revenues rose 21% to $408 million from $336.3 million a year ago. Net profit in the quarter rose 81% to $31.7 million or 47 cents per diluted share compared to net income of $17.5 million or 26 cent per share a year ago.

Comparable same store sales rose 11%.

Aeropostale, Inc (ARO: chart) in the last one year traded as high as $37.96 in May 2009 and as low as $12.52 in December 2008. Based on the yesterday’s closing price of $32.55 the company has market cap of $2.18 billion.

Autodesk, Inc, the design and engineering software maker said first quarter revenues fell 29% to $425.8 million from $598.8 million a year ago. Net loss in the quarter was $32.1 million or 14 cents per diluted share compared to net income of $94.6 million or 41 cent per share a year ago.

Autodesk, Inc (ADSK: chart) in the last one year traded as high as $41.68 in June 2008 and as low as $11.70 in March 2009. Based on the yesterday’s closing price of $18.83 the company has market cap of $4.30 billion.

ChinaEdu Corporation, an educational service provider in China said first quarter revenues rose 16.5% to Rmb 81.2 million from Rmb 69.7 million a year ago. Net income in the quarter rose 357% to Rmb 9.6 million or Rmb 0.57 per ADS compared to net income of Rmb 2.1 million or Rmb 0.12 per ADS a year ago.


ChinaEdu Corporation (CEDU: chart) in the last one year traded as high as $7.40 in May 2008 and as low as $2.97 in October 2008. Based on the yesterday’s closing price of $5.59 the company has market cap of $108.88 million.

The Dress Barn, Inc, the women's clothing retailer said third quarter sales rose 7% to $375.7 million from $352.6 million a year ago. Net income in the quarter fell 4% to $23.9 million or 39 cents per diluted share compared to net income of $24.9 million or 39 cent per share a year ago.

The Dress Barn, Inc (DBRN: chart) in the last one year traded as high as $17.93 in September 2008 and as low as $6.16 in November 2008. Based on the yesterday’s closing price of $14.85 the company has market cap of $891.27 million.

Excel Maritime Carriers Ltd, a provider of worldwide sea borne transportation services said first quarter sales rose 218% to $222.1 million from $69.8 million a year ago. Net income in the quarter rose 236% to $118 million or $2.57 per diluted share compared to net income of $35.1 million or $1.76 per share a year ago.

Excel Maritime Carriers Ltd (EXM: chart) in the last one year traded as high as $57.26 in June 2008 and as low as $3.00 in March 2009. Based on the yesterday’s closing price of $9.68 the company has market cap of $696.34 million.

The Gap, Inc, the clothing retailer said first quarter sales fell 8% to $3.13 billion from $3.38 billion a year ago. Net income in the quarter fell 13.7% to $215 million or 31 cents per diluted share compared to net income of $249 million or 34 cent per share a year ago.

The Gap, Inc (GPS: chart) in the last one year traded as high as $20.80 in September 2008 and as low as $9.41 in November 2008. Based on the yesterday’s closing price of $15.98 the company has market cap of $11.12 billion.

LDK Solar Co., Ltd, the maker of wafers for solar cells said first quarter revenues rose 21% to $283.3 million from $233.4 million a year ago. Net loss in the quarter was $22.5 million or 21 cents per ADS compared to net income of $49.8 million or 45 cent per ADS a year ago.

LDK Solar Co., Ltd (LDK: chart) in the last one year traded as high as $52.40 in August 2008 and as low as $3.75 in March 2009. Based on the yesterday’s closing price of $9.30 the company has market cap of $1.05 billion.

Nordson Corporation, the maker of precision dispensing equipment said second quarter revenues fell 36% to $189 million from $294 million a year ago. Net income in the quarter fell 57.6% to $14 million or 41 cents per diluted share compared to net income of $33 million or 97 cent per share a year ago.

Nordson Corporation (NDSN: chart) in the last one year traded as high as $78.98 in July 2008 and as low as $20.30 in March 2009. Based on the yesterday’s closing price of $35.27 the company has market cap of $1.18 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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