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Earnings Analysis: 
Chevron Net Drops 51%; Aon Corp Net Up
Author: Trupti Mehta
123jump.com
Last Update: 8:52 AM ET October 30 2009


Chevron Corporation third quarter sales fell 41% to $46.6 billion and net income fell 51.5% to $3.83 billion or $1.92 a share. Aon Corporation third quarter revenues fell 2% to $1.81 billion and net income rose 2.6% to $120 million or 41 cents a share.

 
[R]9:30AM New York - Chevron Corporation sales fell 41% and net income fell 51.5%. Aon Corporation revenue fell 2% and net income rose 2.6%.[/R]

Advanced Semiconductor Engineering, Inc, the chip packaging and testing company reported third quarter revenues fell 2.3% to NT$25.2 billion from NT$25.8 billion a year ago. Net income in the quarter rose 45.5% to NT$3.2 billion or NT$0.61 per diluted share compared to net income of NT$2.2 billion or NT$0.41 per share a year ago.

Advanced Semiconductor Engineering, Inc (ASX: chart) in the last one year traded as high as $4.53 in October 2009 and as low as $1.36 in December 2008. Based on the yesterday’s closing price of $4.05 the company has market cap of $4.49 billion.

Alcatel Lucent, the communications solutions provider reported third quarter sales fell 9.8% to €3.7 billion from €4.1 billion a year ago. Net loss in the quarter was €182 million or €0.08 per diluted share compared to net loss of €40 million or €0.02 per share a year ago.

Alcatel Lucent (ALU: chart) in the last one year traded as high as $4.95 in October 2009 and as low as $1.09 in March 2009. Based on the yesterday’s closing price of $4.17 the company has market cap of $9.42 billion.

Amerigroup Corporation, the healthcare company reported third quarter revenues rose 18% to $1.3 billion from $1.1 billion a year ago. Net income in the quarter fell 40.6% to $22.5 million or 43 cents per diluted share compared to net income of $37.9 million or 71 cents per share a year ago.

Amerigroup Corporation (AGP: chart) in the last one year traded as high as $32.40 in May 2009 and as low as $17.42 in November 2008. Based on the yesterday’s closing price of $22.74 the company has market cap of $1.19 billion.

Aon Corporation, the insurance brokerage reported third quarter revenues fell 2% to $1.81 billion from $1.85 billion a year ago. Net income in the quarter rose 2.6% to $120 million or 41 cents per diluted share compared to net income of $117 million or 40 cents per share a year ago.

Aon Corporation (AOC: chart) in the last one year traded as high as $46.50 in December 2008 and as low as $34.81 in May 2009. Based on the yesterday’s closing price of $41.19 the company has market cap of $11.31 billion.

Barnes Group Inc, a maker of aerospace and industrial components reported third quarter sales fell 22% to $260.3 million from $333.8 million a year ago. Net income in the quarter fell 61% to $10.9 million or 20 cents per diluted share compared to net income of $27.8 million or 49 cents per share a year ago.

Barnes Group Inc (B: chart) in the last one year traded as high as $19.11 in October 2009 and as low as $7.69 in March 2009. Based on the yesterday’s closing price of $17.25 the company has market cap of $916.39 million.

Chevron Corporation, the oil company reported third quarter sales fell 41% to $46.6 billion from $78.9 billion a year ago. Net income in the quarter fell 51.5% to $3.83 billion or $1.92 per diluted share compared to net income of $7.89 billion or $3.85 per share a year ago.

Chevron Corporation (CVX: chart) in the last one year traded as high as $81.92 in November 2008 and as low as $56.12 in March 2009. Based on the yesterday’s closing price of $77.95 the company has market cap of $156.33 billion.

CMS Energy Corporation, the energy company reported third quarter revenues fell 11% to $1.27 billion from $1.43 billion a year ago. Net income in the quarter fell 6.4% to $73 million or 31 cents per diluted share compared to net income of $78 million or 33 cents per share a year ago.

CMS Energy Corporation (CMS: chart) in the last one year traded as high as $14.13 in October 2009 and as low as $8.70 in November 2008. Based on the yesterday’s closing price of $13.74 the company has market cap of $3.15 billion.

Constellation Energy Group Inc, an energy company reported third quarter revenues fell 24.2% to $4.03 billion from $5.32 billion a year ago. Net income in the quarter was $137.6 million or 69 cents per diluted share compared to net loss of $225.7 million or $1.27 per share a year ago.

Constellation Energy Group Inc (CEG: chart) in the last one year traded as high as $33.87 in October 2009 and as low as $15.05 in March 2009. Based on the yesterday’s closing price of $31.13 the company has market cap of $6.25 billion.

Coventry Health Care, Inc, the health insurer reported third quarter sales rose 17.4% to $3.44 billion from $2.93 billion a year ago. Net income in the quarter fell 17.4% to $70.6 million or 48 cents per diluted share compared to net income of $85.5 million or 58 cents per share a year ago.

Coventry Health Care, Inc (CVH: chart) in the last one year traded as high as $24.84 in September 2009 and as low as $7.97 in March 2009. Based on the yesterday’s closing price of $20.91 the company has market cap of $3.13 billion.

Cummins Inc, the engine maker reported third quarter sales fell 31.4% to $2.53 billion from $3.69 billion a year ago. Net income in the quarter fell 58.5% to $95 million or 48 cents per diluted share compared to net income of $229 million or $1.17 per share a year ago.
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Market data: BATS Exchange. Inc.

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