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Earnings Analysis: 
Colgate-Palmolive Net Rises 9%; Procter & Gamble Net Falls 4%
Author: Trupti Mehta
123jump.com
Last Update: 11:23 AM ET April 30 2009


Colgate-Palmolive Company first quarter revenues fell 6% to $3.5 billion and net income rose 9% to $507.9 million or 97 cents a share. The Procter & Gamble Company third quarter revenues fell 8% to $18.4 billion and net income fell 4% to $2.61 billion or 84 cents a share.

 
[R]10:00AM New York – Colgate-Palmolive Company revenue fell 6% and net income rose 9%. The Procter & Gamble Company third quarter revenue fell 8% and net income fell 4%.[/R]

Ashland Inc, the global specialty chemicals company reported second quarter revenues fell 3.4% to $1.99 billion from $2.06 billion a year ago. Net income in the quarter fell 33.3% to $48 million or 65 cents per diluted share compared to net income of $72 million or $1.13 per share a year ago.

Ashland Inc (ASH: chart) in the last one year traded as high as $58.58 in May 2008 and as low as $5.35 in February 2009. Based on the yesterday’s closing price of $19.25 the company has market cap of $1.42 billion.

BioScrip, Inc, a specialty pharmaceutical healthcare organization reported first quarter revenues fell 0.5% to $325.7 million from $327.5 million a year ago. Net income in the quarter was $3.3 million or 8 cents per diluted share compared to net loss of $0.5 million or 1 cent per share a year ago.

BioScrip, Inc (BIOS: chart) in the last one year traded as high as $5.94 in May 2008 and as low as $1.26 in March 2009. Based on the yesterday’s closing price of $2.81 the company has market cap of $110.67 million.

BorgWarner Inc, the Auto parts maker reported first quarter revenues fell 45% to $819.5 million from $1.5 billion a year ago. Net loss in the quarter was $6.3 million or 6 cents per diluted share compared to net income of $88.7 million or 75 cents per share a year ago.

BorgWarner Inc (BWA: chart) in the last one year traded as high as $55.99 in May 2008 and as low as $14.62 in March 2009. Based on the yesterday’s closing price of $27.90 the company has market cap of $3.23 billion.

Brush Engineered Materials Inc, a manufacturer of engineered materials reported first quarter revenues fell 40.2% to $135.4 million from $226.3 million a year ago. Net loss in the quarter was $8.1 million or 40 cents per diluted share compared to net income of $4.6 million or 22 cents per share a year ago.

Brush Engineered Materials Inc (BW: chart) in the last one year traded as high as $34.63 in May 2008 and as low as $6.98 in November 2008. Based on the yesterday’s closing price of $16.58 the company has market cap of $341.37 million.

Canon Inc, the world’s largest camera maker reported first quarter sales fell 31.8% to ¥687 billion from ¥1.01 trillion a year ago. Net profit fell 83.4% to ¥17.7 billion or ¥121.85 per diluted share compared to net profit of ¥107 billion or ¥157.59 per share a year ago.

Canon Inc (CAJ: chart) in the last one year traded as high as $54.99 in May 2008 and as low as $21.23 in March 2009. Based on the yesterday’s closing price of $29.63 the company has market cap of $36.58 billion.

CARBO Ceramics Inc, the world''s largest supplier of ceramic proppant reported first quarter revenues rose 0.2% to $90.6 million from $ 90.4 million a year ago. Net income rose 15.5% to $16.4 million or 70 cents per diluted share compared to net income of $14.2 million or 58 cents per share a year ago.

CARBO Ceramics Inc (CRR: chart) in the last one year traded as high as $62.57 in August 2008 and as low as $26.33 in March 2009. Based on the yesterday’s closing price of $36.72 the company has market cap of $862.25 million.

CDI Corp, a professional staffing and outsourcing company reported first quarter revenues fell 22% to $228.7 million from $293.9 million a year ago. Net loss was $0.9 million or 5 cents per diluted share compared to net income of $7.9 million or 39 cents per share a year ago.

CDI Corp (CDI: chart) in the last one year traded as high as $28.96 in July 2008 and as low as $6.50 in March 2009. Based on the yesterday’s closing price of $12.34 the company has market cap of $233.31 million.

CenturyTel, Inc, an integrated communications company reported first quarter revenues fell 2% to $635.4 million from $648.6 million a year ago. Net income fell 24.3% to $67.2 million or 67 cents per diluted share compared to net income of $88.8 million or 82 cents per share a year ago.

CenturyTel, Inc (CTL: chart) in the last one year traded as high as $40.35 in September 2008 and as low as $20.45 in November 2008. Based on the yesterday’s closing price of $26.95 the company has market cap of $2.71 billion.

CIGNA Corporation, the health insurer reported first quarter revenues fell 4% to $4.77 billion from $4.57 billion a year ago. Net income rose 258% to $208 million or 76 cents per diluted share compared to net income of $58 million or 20 cents per share a year ago.

CIGNA Corporation (CI: chart) in the last one year traded as high as $44.14 in August 2008 and as low as $8.00 in November 2008. Based on the yesterday’s closing price of $20.77 the company has market cap of $5.63 billion.

Colgate-Palmolive Company, the consumer products maker reported first quarter revenues fell 6% to $3.5 billion from $3.71 billion a year ago. Net income rose 9% to $507.9 million or 97 cents per diluted share compared to net income of $466.5 million or 86 cents per share a year ago.
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Market data: BATS Exchange. Inc.

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