Established 1999
     
8,000 companies from USA and India.  
   
Search over 25,500 news articles and 8,000 companies earnings    
 
Earnings Analysis: 
Cummins Net Surges; The Western Union Sales Up 2%
Author: Trupti Mehta
123jump.com
Last Update: 10:31 AM ET July 27 2010


Cummins Inc second quarter revenues rose 32% to $3.21 billion and net income rose 339% to $246 million or $1.25 a share. The Western Union Company second quarter revenues rose 2% to $1.27 billion and net income rose 0.4% to $221.0 million or 33 cents a share.

 
[R][10:30 AM New York - Cummins Inc revenue rose 32% and net income rose 339%. The Western Union Company revenue rose 2% and net income rose 0.4%.[/R]

A. M. Castle & Co (CAS: chart), a specialty metals and plastics distribution company reported second quarter revenues rose 23% to $240.1 million from $195.1 million a year ago. Net income in the quarter was $408,000 or 2 cents per diluted share compared to net loss of $5.5 million or 24 cents per share a year ago.

A. A. M. Castle & Co, in the last one year traded as high as $19.29 in April 2010 and as low as $8.74 in October 2009. Based on the yesterday’s closing price of $15.39 the company has market cap of $353.70 million.

AK Steel Holding Corporation (AKS: chart), the steelmaker reported second quarter revenues rose 101% to $1.6 billion from $793.6 million a year ago. Net income in the quarter was $26.7 million or 24 cents per diluted share compared to net loss of $47.2 million or 43 cents per share a year ago.

B. AK Steel Holding Corporation, in the last one year traded as high as $26.75 in January 2010 and as low as $11.34 in July 2010. Based on the yesterday’s closing price of $15.20 the company has market cap of $1.67 billion.

AmerisourceBergen Corporation (ABC: chart), the pharmaceutical services company maker reported third quarter revenues rose 6.5% to $19.6 billion from $18.4 billion a year ago. Net income in the quarter rose 37% to $163.2 million or 57 cents per diluted share compared to net income of $118.8 million or 40 cents per share a year ago.

C. AmerisourceBergen Corporation, in the last one year traded as high as $33.27 in June 2010 and as low as $19.07 in July 2009. Based on the yesterday’s closing price of $29.27 the company has market cap of $8.31 billion.

Ametek, Inc (AME: chart), an electronic instruments maker reported second quarter revenues rose 13% to $591.9 million from $524.9 million a year ago. Net income in the quarter rose 30% to $67.4 million or 63 cents per diluted share compared to net income of $51.8 million or 48 cents per share a year ago.

D. Ametek, Inc, in the last one year traded as high as $46.21 in July 2010 and as low as $30.25 in August 2009. Based on the yesterday’s closing price of $46.10 the company has market cap of $4.90 billion.

BE Aerospace, Inc (BEAV: chart), the supplier of aircraft interior products reported second quarter revenues rose 2% to $483.9 million from $474.8 million a year ago. Net income in the quarter rose 7.5% to $37.3 million or 37 cents per diluted share compared to net income of $34.7 million or 35 cents per share a year ago.

BE Aerospace, Inc, in the last one year traded as high as $31.30 in April 2010 and as low as $13.94 in July 2009. Based on the yesterday’s closing price of $30.29 the company has market cap of $3.10 billion.

Bemis Company, Inc (BMS: chart), the manufacturer of flexible packaging products reported second quarter revenues rose 47% to $1.27 billion from $866.4 million a year ago. Net income in the quarter rose 24% to $60.0 million or 54 cents per diluted share compared to net income of $48.5 million or 47 cents per share a year ago.

Bemis Company, Inc, in the last one year traded as high as $31.80 in April 2010 and as low as $24.92 in October 2009. Based on the yesterday’s closing price of $30.89 the company has market cap of $3.37 billion.

BP Plc (BP: chart), an international oil and gas company said second quarter revenues rose 34% to $75.9 billion from $56.6 billion a year ago. Net loss for the quarter was $17.2 billion or 91.29 cents per diluted share compared to net profit of $4.39 billion or 23.16 cents per share a year ago.

BP Plc, in the last one year traded as high as $62.38 in January 2010 and as low as $26.75 in June 2010. Based on the yesterday’s closing price of $38.03 the company has market cap of $119.13 billion.

Ceradyne, Inc (CRDN: chart), a manufacturer of ceramic products and components reported second quarter revenues rose 16% to $100.4 million from $95.3 million a year ago. Net income in the quarter was $6.6 million or 26 cents per diluted share compared to net loss of $11.2 million or 44 cents per share a year ago.

Ceradyne, Inc, in the last one year traded as high as $24.32 in March 2010 and as low as $22.64 in November 2009. Based on the yesterday’s closing price of $22.64 the company has market cap of $575.84 million.

CIT Group Inc (CIT: chart), the bank reported second quarter total interest income fell 5% to $993.5 million from $1.05 billion a year ago. Net income in the quarter rose 46% to $142.1 million or 71 cents per diluted share compared to net income of $97.3 million or 49 cents per share a year ago.

CIT Group Inc, in the last one year traded as high as $42.94 in May 2010 and as low as $24.83 in November 2009. Based on the yesterday’s closing price of $39.00 the company has market cap of $7.80 billion.

Cummins Inc (CMI: chart), the maker of engines and power generation equipment reported second quarter revenues rose 32% to $3.21 billion from $2.43 billion a year ago. Net income in the quarter rose 339% to $246 million or $1.25 per diluted share compared to net income of $56 million or 28 cents per share a year ago.
Continue..

 


Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.

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

Other Sites:
© 1999-2012 123jump.com. All rights reserved