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Earnings Analysis: 
Banco Bradesco; EOG Net Drops
Author: Trupti Mehta
123jump.com
Last Update: 12:28 AM ET May 05 2009



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Banco Bradesco SA first quarter net interest income rose 26% to R$7.7 billion and net income fell 9.6% to R$1.72 billion or R$2.42 a share. EOG Resources, Inc first quarter revenues rose 2% to $1.16 billion and net income fell 34% to $158.7 million or 63 cents a share.

 
[R]10:00AM New York- Banco Bradesco SA net interest income rose 26% and net income fell 9.6%. EOG Resources, Inc revenue rose 2% and net income fell 34%.[/R]

ATS Medical, Inc, a medical devices manufacturer said first quarter revenues rose 24% to $18.4 million from $14.8 million a year ago. Net loss in the quarter was $1.67 million or 2 cents per diluted share compared to net loss of $2.41 million or 4 cents per share a year ago.

ATS Medical, Inc (ATSI: chart) in the last one year traded as high as $3.33 in September 2008 and as low as $1.63 in October 2008. Based on the yesterday’s closing price of $2.69 the company has market cap of $191.63 million.

Banco Bradesco SA, Brazilian financial group said first quarter net interest income rose 26% to R$7.7 billion from R$6.1 billion a year ago. Net income in the quarter fell 9.6% to R$1.72 billion or R$2.42 per diluted share compared to net income of R$1.91 billion or R$2.41 per share a year ago.

Banco Bradesco SA (BBD: chart) in the last one year traded as high as $25.24 in May 2008 and as low as $7.40 in February 2009. Based on the yesterday’s closing price of $13.48 the company has market cap of $40.47 billion.

Chesapeake Energy Corporation, the nation''s largest gas producers said first quarter revenues rose 25% to $2.0 billion from $1.6 billion a year ago. Net loss in the quarter was $5.7 billion or $9.63 per diluted share compared to net loss of $142 million or 29 cents per share a year ago.

Chesapeake Energy Corporation (CHK: chart) in the last one year traded as high as $74.00 in July 2008 and as low as $9.84 in December 2008. Based on the yesterday’s closing price of $22.82 the company has market cap of $14.25 billion.

EOG Resources, Inc, the oil and gas exploration company said first quarter revenues rose 2% to $1.16 billion from $1.13 billion a year ago. Net income in the quarter fell 34% to $158.7 million or 63 cents per diluted share compared to net income of $240.5 million or 96 cents per share a year ago.

EOG Resources, Inc (EOG: chart) in the last one year traded as high as $144.99 in May 2008 and as low as $45.03 in March 2009. Based on the yesterday’s closing price of $72.04 the company has market cap of $18.03 billion.

MannKind Corporation, a biotechnology company said no revenues for the first quarter March 31, 2009 from $20,000 a year ago. Net loss in the quarter was $59.4 million or 58 cents per diluted share compared to net loss of $71.4 million or 70 cents per share a year ago.

MannKind Corporation (MNKD: chart) in the last one year traded as high as $5.25 in September 2008 and as low as $2.00 in March 2009. Based on the yesterday’s closing price of $4.15 the company has market cap of $423.36 million.

QIAGEN N.V., the genetic-testing company said first quarter sales rose 7% to $220.9 million from $207.1 million a year ago. Net income in the quarter rose 22% to $24.7 million or 12 cents per diluted share compared to net income of $20.3 million or 10 cents per share a year ago.

QIAGEN N.V. (QGEN: chart) in the last one year traded as high as $22.59 in May 2008 and as low as $12.52 in October 2008. Based on the yesterday’s closing price of $16.48 the company has market cap of $3.26 billion.

Ternium S.A, Argentine steel maker said first quarter sales fell 40% to $1.17 billion from $1.94 billion a year ago. Net loss in the quarter was $93.2 million or 46 cents per ADS compared to net income of $422.1 million or $2.11 per ADS a year ago.

Ternium S.A (TX: chart) in the last one year traded as high as $45.99 in June 2008 and as low as $4.55 in November 2008. Based on the yesterday’s closing price of $9.49 the company has market cap of $1.90 billion.

The Principal Financial Group, Inc, the insurance, retirement and financial services provider said first quarter sales fell 12% to $2.2 billion from $2.5 billion a year ago. Net income in the quarter fell 35% to $112.8 million or 43 cents per diluted share compared to net income of $174.2 million or 67 cents per share a year ago.

The Principal Financial Group, Inc (PFG: chart) in the last one year traded as high as $59.00 in May 2008 and as low as $5.41 in March 2009. Based on the yesterday’s closing price of $16.93 the company has market cap of $4.40 billion.

Vulcan Materials Company, the largest U.S. producer of construction aggregates said first quarter sales fell 26% to $567.9 million from $771.8 million a year ago. Net loss in the quarter was $32.8 million or 30 cents per diluted share compared to net income of $13.9 million or 13 cents per share a year ago.

Vulcan Materials Company (VMC: chart) in the last one year traded as high as $100.25 in September 2008 and as low as $34.30 in March 2009. Based on the yesterday’s closing price of $505.0 the company has market cap of $5.58 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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