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Earnings Analysis: 
Canon Net Falls 86%; Questar Sales Fall 26%
Author: Trupti Mehta
123jump.com
Last Update: 7:48 AM ET July 29 2009


Canon Inc second quarter revenues fell 28.2% to ¥793.8 million and net income fell 86% to ¥15.6 billion. Questar Corporation second quarter revenues fell 26% to $613.1 million and net income fell 55% to $77.9 million or 44 cents a share.

 
[R]7:30AM New York - Canon Inc revenue fell 28.2% and net income fell 86%. Questar Corporation revenue fell 26% and net income fell 55%.[/R]

Actel Corporation, the manufacturer of low-power FPGAs and mixed-signal FPGAs said second quarter revenues fell 21.5% to $45.2 million from $57.6 million a year ago. Net loss in the quarter was $45.1 million or $1.73 per diluted share compared to net income of $2 million or 8 cents per share a year ago.

Actel Corporation (ACTL: chart) in the last one year traded as high as $16.40 in July 2008 and as low as $6.92 in November 2008. Based on the yesterday’s closing price of $12.23 the company has market cap of $319.56 million.

American Campus Communities, Inc, the developers, owners and managers of high-quality student housing communities said second quarter revenues rose 68.5% to $73.3 million from $43.5 million a year ago. Net loss in the quarter was $5.3 million or 11 cents per diluted share compared to net loss of $1.5 million or 4 cents per share a year ago.

American Campus Communities, Inc (ACC: chart) in the last one year traded as high as $33.88 in September 2008 and as low as $15.61 in March 2009. Based on the yesterday’s closing price of $23.34 the company has market cap of $989.74 million.

Arthur J. Gallagher & Co, the insurance broker said second quarter revenues rose 5.6% to $453.6 million from $428.9 million a year ago. Net income in the quarter rose 7% to $43.8 million or 44 cents per diluted share compared to net income of $40.8 million or 44 cents per share a year ago.

Arthur J. Gallagher & Co (AJG: chart) in the last one year traded as high as $28.54 in September 2008 and as low as $15.04 in March 2009. Based on the yesterday’s closing price of $22.60 the company has market cap of $2.26 billion.

Calamos Asset Management, Inc, an asset manager said second quarter revenues fell 40% to $67.1 million from $112.2 million a year ago. Net income in the quarter fell 5.3% to $1.79 million or 9 cents per diluted share compared to net income of $1.90 million or 9 cents per share a year ago.

Calamos Asset Management, Inc (CLMS: chart) in the last one year traded as high as $23.05 in September 2008 and as low as $2.65 in November 2008. Based on the yesterday’s closing price of $14.35 the company has market cap of $281.56 million.

Canon Inc, the digital camera and office equipment maker said second quarter revenues fell 28.2% to ¥793.8 million from ¥1.11 billion a year ago. Net income in the quarter fell 86% to ¥15.6 billion compared to net income of ¥107.8 billion a year ago.

Canon Inc (CAJ: chart) in the last one year traded as high as $48.40 in August 2008 and as low as $21.52 in March 2009. Based on the yesterday’s closing price of $36.05 the company has market cap of $44.50 billion.

Celanese Corporation, the chemical maker said second quarter revenues fell 33.7% to $1.24 billion from $1.87 billion a year ago. Net income in the quarter fell 23% to $102 million or 66 cents per diluted share compared to net income of $132 million or 80 cents per share a year ago.

Celanese Corporation (CE: chart) in the last one year traded as high as $39.65 in August 2008 and as low as $7.52 in March 2009. Based on the yesterday’s closing price of $24.72 the company has market cap of $3.55 billion.

Corn Products International, Inc, the corn refiner said second quarter sales fell 11% to $911.6 million from $1.03 billion a year ago. Net loss in the quarter was $84.8 million or $1.13 per diluted share compared to net income of $68.4 million or 90 cents per share a year ago.

Corn Products International, Inc (CPO: chart) in the last one year traded as high as $47.19 in August 2008 and as low as $17.95 in March 2009. Based on the yesterday’s closing price of $27.74 the company has market cap of $2.07 billion.

Energizer Holdings, Inc, the manufacturer of batteries and other household products said third quarter sales fell 6.5% to $997.5 million from $1.07 billion a year ago. Net income in the quarter rose 29% to $72.7 million or $1.13 per diluted share compared to net income of $66.7 million or $1.13 per share a year ago.

Energizer Holdings, Inc (ENR: chart) in the last one year traded as high as $89.73 in September 2008 and as low as $30.96 in November 2008. Based on the yesterday’s closing price of $61.17 the company has market cap of $4.15 billion.

Fidelity National Information Services, Inc, the provider of processing services for financial institutions said second quarter revenues fell 4% to $834.8 million from $869.7 million a year ago. Net income in the quarter fell 18% to $59.2 million or 31 cents per diluted share compared to net income of $71.9 million or 37 cents per share a year ago.

Fidelity National Information Services, Inc (FIS: chart) in the last one year traded as high as $23.31 in August 2008 and as low as $12.47 in October 2008. Based on the yesterday’s closing price of $21.40 the company has market cap of $4.09 billion.

Fresh Del Monte Produce Inc, the seller of prepared and fresh fruits and vegetables said second quarter sales rose 1% to $978.4 million from $972.2 million a year ago. Net income in the quarter rose 25% to $52.2 million or 82 cents per diluted share compared to net income of $41.9 million or 66 cents per share a year ago.
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Market data: BATS Exchange. Inc.

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