Established 1999
 
8,000 companies from
USA,Canada and India.
 
   
Search over 25,000 News & Earnings Archives    
 
Earnings Analysis: 
Boeing’s Profit Surges
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:46 AM EST February 01 2006



Email article | Print article

Boeing Co, aircraft manufacturer, reported Q4 net income of 58 cents a share, more than double from 23 cents a share in the same period a year ago.

 
Boeing’s, (BA: chart), total revenue advanced more than 6%. Analysts forecast earningsof 44 cents a share before items. Boeing announced 2006 revenue would be about $60 billion, below previous estimates as a result of a previously disclosed accounting change in its commercial airplane business.

Time Warner Inc, (TWX: chart), media company, reported Q4 net income of 29 cents a share, up from 24 cents in theyear-ago period on 7% revenue growth. On an adjusted basis, the latest quarter\''s profit was 25 cents a share, topping analysts view for earnings of 22 cents a share. Time Warner\''s operating income came in at $2.2 billion, up from the previous year\''s $1.6 billion.

Devon Energy Corp, (DVN: chart), oil and gas company, reported Q4 net earnings of $2.14 a share, up from $1.35 a share in the same period last year, missing analyst estimate of $2.29 a share. On an adjusted basis, the company announced it would have earned $2.33 a share for Q4. Revenue reached nearly $3.22 billion from $2.47 billion. On a combined basis, daily oil, gas and natural-gas liquids output averaged 619,000 barrels of oil equivalent in 2005, down 10% from company\''s 2004 average daily production as a result of hurricane-related disruptions.

PepsiAmericas Inc, (PAS: chart), Pepsi bottler, reported that Q4 net income advanced 6.2% to 28 cents a share, up from 25 cents in the year-ago period on 9.9% higher sales, in line with analyst forecasts. Sales advanced to $894.3 million from $814.1 million. In Q4, a number of special items taken together cut 1 cent from per-share earnings.

Tribune Co, (TRB: chart), media group, reported that Q4 net income dropped 38% to 43 cents a share on 4.7% revenue decline, missing analysts’ forecasts for earnings of 56 cents a share. Tribune\''s profit figures incorporated net charges of 10 cents a share for eliminating 900 positions and closing a printing facility and a net non-operating loss of 4 cents a share.

Greater Bay Bancorp, (GBBK: chart), financial-services holding company, announced that Q4 net income increased 8.2% to 39 cents a share, up from 33 cents in the year-ago. Revenue from interest on loans in the quarter dropped 0.5% to $67.7 million from $68.1 million. Annualized return on equity for the quarter advanced to 13.5% from 12.69% while return on assets was 1.27% against 1.19%.

American Electric Power, (AEP: chart), utility company, reported a Q4 loss of 38 cents a share, down from a profit of 45 cents a share a year-ago. On an ongoing basis, the company generated quarterly earnings of 29 cents a share, down from the previous year\''s 42 cents, beating on that basis analyst views for earnings of 25 cents a share. American Electric stated it incurred $261 million in one-time charges during the 2005 quarter. Revenue dropped to $2.9 billion from $3.5 billion.

Duke Energy, (DUK: chart), energy company, posted Q4 net income of 63 cents a share, up vs. 36 cents a share in the year ago period, beating analyst estimate for earnings of 36 cents a share. Earnings from continuing operations were 43 cents a share, compared to 30 cents a share.

Timken Co, (TKR: chart), industrial company reported that Q4 profit advanced to $1.01 a share, up from 71 cents a year earlier, beating analysts’ expectations of 63 cents a share. On an adjusted basis, earnings were 54 cents a share. Sales for Q4 advanced to $1.28 billion from $1.19 billion in Q4 last year.

JetBlue Airways Corp, (JBLU: chart), airline company, reported a Q4 net loss of 25 cents a share, down from a profit of 1 cent a share in the year earlier period on record-high fuel prices and a tough revenue environment, compounded by the impact of two hurricanes, missing analyst forecasts of a net loss of 16 cents a share. If not for two unusual items, the company said net loss would have been 19 cents a share in Q4.

Investment Technology Group, (ITG: chart), electronic trading firm, reported Q4 earnings of 50 cents a share, up from 30 cents a share a year earlier, topping analyst view of 41 cents a share. Revenue jumped 25% to $112.1 million.

Unitrin Inc, (UTR: chart), insurance company, reported Q4 earnings of $1.26 a share, up from $1.07 a share in the year-ago period. Revenue dropped to $755.9 million from last year\''s $759.7 million The results include a tax benefit of $14 million, a favorable loss adjustment reserve development of $13.9 million and $4.2 million in higher catastrophe losses.

Pinnacle West Capital Corp, (PNW: chart), electricity provider, reported Q4 earnings of 22 cents a share, down from a year-earlier profit of 37 cents a share, topping analyst estimate of 15 cents a share. Revenue fell in Q4 to $691.7 million from $713.3 million in the same period a year ago. On a continuing operations basis, the company earned 24 cents a share in Q4.
More: Earnings Archive

 



350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries

© 1999-2008 123jump.com. All rights reserved