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Earnings Analysis: 
BlackRock, Southern Company Net Rises
Author: Mita Yagnik
123jump.com
Last Update: 10:03 AM ET January 27 2010


BlackRock, Inc fourth quarter revenues rose 45% to $1.54 billion and net income rose 392.3% to $256 million or $1.62 a share. The Southern Company fourth quarter revenues fell 7.6% to $3.51 billion and net income rose 35% to $251 million or 31 cents a share.

 
[R]9:55AM New York - BlackRock, Inc revenue rose 45% and net income rose 392.3%. The Southern Company revenue fell 7.6% and net rose 35%.[/R]

Allegheny Technologies Incorporated, the specialty metals producer reported fourth quarter sales fell 26.5% to $815.7 million from $1.11 billion a year ago. Net income in the quarter fell 66% to $37.8 million or 36 cents per diluted share compared to net income of $110.9 million or $1.15 per share a year ago.

Sales for the fiscal year 2009 fell 42.5% to $3.05 billion from $5.31 billion a year ago. Net income for the year fell 94.4% to $31.7 million or 32 cents per diluted share compared to net income of $565.9 million or $5.67 per share a year ago.

Allegheny Technologies Incorporated (ATI: chart) in the last one year traded as high as $53.39 in January 2010 and as low as $16.92 in March 2009. Based on the yesterday's closing price of $42.46 the company has market cap of $4.16 billion.

BlackRock, Inc, an investment management firm reported fourth quarter revenues rose 45% to $1.54 billion from $1.06 billion a year ago. Net income in the quarter rose 392.3% to $256 million or $1.62 per diluted share compared to net income of $52 million or 39 cents per share a year ago.

Total revenues for the fiscal year 2009 fell 7% to $4.70 billion from $5.06 billion a year ago. Net income for the year rose 11.6% to $875 million or $6.11 per diluted share compared to net income of $784 million or $5.78 per share a year ago.

BlackRock, Inc (BLK: chart) in the last one year traded as high as $243.80 in January 2010 and as low as $88.91 in March 2009. Based on the yesterday's closing price of $224.71 the company has market cap of $42.41 billion.

Praxair, Inc, an industrial gas supplier reported fourth quarter sales rose 0.4% to $2.41 billion from $2.40 billion a year ago. Net income in the quarter rose 70% to $340 million or $1.09 per diluted share compared to net income of $200 million or 64 cents per share a year ago.

Net sales for the fiscal year 2009 fell 17% to $8.96 billion from $10.8 billion a year ago. Net income for the year rose 3.3% to $1.25 billion or $4.01 per diluted share compared to net income of $1.21 billion or $3.80 per share a year ago.

Praxair, Inc (PX: chart) in the last one year traded as high as $86.07 in October 2009 and as low as $53.35 in March 2009. Based on the yesterday's closing price of $78.66 the company has market cap of $24.13 billion.

Rockwell Automation, Inc, the provider of industrial automation power reported first quarter sales fell 10% to $1.07 billion from $1.19 billion a year ago. Net income in the quarter fell 35.3% to $76.6 million or 53 cents per diluted share compared to net income of $118.4 million or 83 cents per share a year ago.

Rockwell Automation, Inc (ROK: chart) in the last one year traded as high as $49.51 in January 2010 and as low as $17.50 in March 2009. Based on the yesterday's closing price of $46.16 the company has market cap of $6.57 billion.

Rollins, Inc, the consumer and commercial services company reported fourth quarter revenues rose 4.7% to $259.7 million from $248.1 million a year ago. Net income in the quarter rose 59% to $20.0 million or 20 cents per diluted share compared to net income of $12.6 million or 13 cents per share a year ago.

Net revenues for the fiscal year 2009 rose 5% to $1.07 billion from $1.02 billion a year ago. Net income for the year rose 21.7% to $84.0 million or 84 cents per diluted share compared to net income of $69.0 million or 69 cents per share a year ago.

Rollins, Inc (ROL: chart) in the last one year traded as high as $19.85 in January 2010 and as low as $13.99 in March 2009. Based on the yesterday's closing price of $18.38 the company has market cap of $1.82 billion.

Smith International, Inc, the oilfield services company reported fourth quarter revenues fell 35.3% to $1.98 billion from $3.06 billion a year ago. Net income in the quarter fell 90% to $20.1 million or 9 cents per diluted share compared to net income of $199.2 million or 91 cents per share a year ago.

Revenues for the fiscal year 2009 fell 24% to $8.22 billion from $10.8 billion a year ago. Net income for the year fell 80.6% to $148.5 million or 66 cents per diluted share compared to net income of $767.3 million or $3.68 per share a year ago.

Smith International, Inc (SII: chart) in the last one year traded as high as $34.46 in October 2009 and as low as $18.43 in March 2009. Based on the yesterday's closing price of $30.56 the company has market cap of $6.71 billion.

The Southern Company, the power company reported fourth quarter revenues fell 7.6% to $3.51 billion from $3.80 billion a year ago. Net income in the quarter rose 35% to $251 million or 31 cents per diluted share compared to net income of $186 million or 24 cents per share a year ago.

Total revenues for the fiscal year 2009 fell 8% to $15.7 billion from $17.1 billion a year ago. Net income for the year fell 5.7% to $1.64 billion or $2.07 per diluted share compared to net income of $1.74 billion or $2.26 per share a year ago.
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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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