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Earnings Analysis: 
BP Net Falls 53%; Deutsche Bank Net Rises 67%
Author: Trupti Mehta
123jump.com
Last Update: 8:07 AM ET July 28 2009


BP p.l.c second quarter revenues fell 49% to $56.6 billion and net income fell 53% to $4.39 billion or $23.16 a share. Deutsche Bank AG second quarter revenues rose 46% to €7.9 billion and net income rose 67% to €1.1 billion or €1.64 a share.

 
[R]10:00AM New York – BP p.l.c revenue fell 49% and net income fell 53%. Deutsche Bank AG revenue rose 46% and net income rose 67%.[/R]

Ametek, Inc, the global manufacturer of electronic instruments and electromechanical devices reported second quarter sales fell 19% to $524.9 million from $648.8 million a year ago. Net income for the quarter fell 21% to $51.8 million or 48 cents per diluted share compared to net income of $65.8 million or 61 cents per share a year ago.

Ametek, Inc (AME: chart) in the last one year traded as high as $49.53 in August 2008 and as low as $24.66 in March 2009. Based on the yesterday’s closing price of $38.04 the company has market cap of $4.09 billion.

BE Aerospace, Inc, the world's biggest supplier of aircraft interior products reported second quarter sales fell 9.1% to $474.8 million from $522.2 million a year ago. Net income for the quarter fell 36% to $34.7 million or 35 cents per diluted share compared to net income of $53.9 million or 59 cents per share a year ago.

BE Aerospace, Inc (BEAV: chart) in the last one year traded as high as $26.06 in August 2008 and as low as $6.28 in November 2008. Based on the yesterday’s closing price of $15.31 the company has market cap of $1.55 billion.

BP p.l.c, an oil company reported second quarter revenues fell 49% to $56.6 billion from $111 billion a year ago. Net income for the quarter fell 53% to $4.39 billion or $23.16 per diluted compared net income of $9.36 billion or $49.23 per share a year ago.

BP p.l.c (BP: chart) in the last one year traded as high as $62.09 in July 2008 and as low as $34.14 in March 2009. Based on the yesterday’s closing price of $51.34 the company has market cap of $160.38 billion.

Check Point Software Technologies Ltd, an Internet and network security provider reported second quarter revenues rose 12% to $223.6 million from $199.6 million a year ago. Net income for the quarter fell 4.5% to $75.6 million or 36 cents per diluted compared net income of $79.2 million or 36 cents per share a year ago.

Check Point Software Technologies Ltd (CHKP: chart) in the last one year traded as high as $25.58 in August 2008 and as low as $17.43 in October 2008. Based on the yesterday’s closing price of $24.84 the company has market cap of $5.22 billion.

Coach, Inc, the marketer of modern classic American accessories reported fourth quarter sales fell 0.5% to $778 million from $782 million a year ago. Net income for the quarter fell 31.7% to $145.8 million or 45 cents per diluted compared net income of $213.5 million or 62 cents per share a year ago.

Net sales for the fiscal year 2009 rose 1.6% to $3.23 billion from $3.18 billion a year ago. Net income for the year fell 20.4% to $623.4 million or $1.91 per diluted compared net income of $783 million or $2.17 per share a year ago.

Coach, Inc (COH: chart) in the last one year traded as high as $31.06 in August 2008 and as low as $11.73 in March 2009. Based on the yesterday’s closing price of $28.43 the company has market cap of $9.03 billion.

Coventry Health Care, Inc, the diversified national managed healthcare company reported second quarter revenues rose 19% to $3.54 billion from $2.98 billion a year ago. Net income for the quarter fell 78% to $18.4 million or 12 cents per diluted compared net income of $83.2 million or 55 cents per share a year ago.

Coventry Health Care, Inc (CVH: chart) in the last one year traded as high as $38.87 in August 2008 and as low as $8.02 in March 2009. Based on the yesterday’s closing price of $20.05 the company has market cap of $2.98 billion.

Cynosure, Inc, the developer and manufacturer of aesthetic treatment systems reported second quarter revenues fell 47% to $20.8 million from $39.2 million a year ago. Net loss in the quarter was $2.3 million or 18 cents per diluted compared net income of $4.7 million or 36 cents per share a year ago.

Cynosure, Inc (CYNO: chart) in the last one year traded as high as $25.00 in August 2008 and as low as $4.62 in March 2009. Based on the yesterday’s closing price of $7.72 the company has market cap of $98.41 million.

Deutsche Bank AG, the global investment bank reported second quarter revenues rose 46% to €7.9 billion from €5.4 billion a year ago. Net income in the quarter rose 67% to €1.1 billion or €1.64 per diluted compared net income of €645 million or €1.27 per share a year ago.

Deutsche Bank AG (DB: chart) in the last one year traded as high as $96.83 in August 2008 and as low as $21.27 in January 2009. Based on the yesterday’s closing price of $73.88 the company has market cap of $45.65 billion.

Ev3 Inc, the endovascular device maker reported second quarter revenues rose 1.3% to $109.1 million from $107.7 million a year ago. Net income in the quarter was $24 million or 23 cents per diluted compared net loss of $27.4 million or 26 cents per share a year ago.

Ev3 Inc (EVVV: chart) in the last one year traded as high as $12.23 in September 2008 and as low as $3.79 in November 2008. Based on the yesterday’s closing price of $10.95 the company has market cap of $1.17 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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