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Earnings Analysis: 
DISH Network, Sysco Net Drops
Author: Trupti Mehta
123jump.com
Last Update: 9:52 AM ET August 10 2009



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DISH Network Corporation second quarter sales fell 0.3% to $2.90 billion and net income fell 81% to $63.4 million or 14 cents a share. Sysco Corporation fourth quarter sales fell 6.2% to $9.1 billion and net income fell 5.6% to $315.3 million or 53 cents a share.

 
[R]10:00AM New York - DISH Network Corporation sales fell 0.3% and net income fell 81%. Sysco Corporation sales fell 6.2% and net income fell 5.6%.[/R]

Aaon, Inc, a manufacturer of air-conditioning and heating equipment reported second quarter sales fell 8% to $68.6 million from $74.8 million a year ago. Net income in the quarter fell 9% to $7.1 million or 41 cents per diluted share compared to net income of $7.8 million or 43 cents per share a year ago.

Aaon, Inc (AAON: chart) in the last one year traded as high as $22.85 in August 2008 and as low as $12.92 in October 2008. Based on the Friday’s closing price of $20.80 the company has market cap of $356.94 million.

Chindex International, Inc, a provider of western healthcare products and services reported first quarter revenues rose 41% to $45.3 million from $32.1 million a year ago. Net income in the quarter was $3.3 million or 20 cents per diluted share compared to net loss e of $161,000 or 1 cent per share a year ago.

Chindex International, Inc (CHDX: chart) in the last one year traded as high as $15.42 in August 2008 and as low as $3.50 in March 2009. Based on the Friday’s closing price of $13.15 the company has market cap of $192.18 million.

DISH Network Corporation, the satellite TV provider reported second quarter sales fell 0.3% to $2.90 billion from $2.91 billion a year ago. Net income in the quarter fell 81% to $63.4 million or 14 cents per diluted share compared to net income of $335.9 million or 73 cents per share a year ago.

DISH Network Corporation (DISH: chart) in the last one year traded as high as $31.57 in August 2008 and as low as $8.37 in November 2008. Based on the Friday’s closing price of $18.42 the company has market cap of $8.23 billion.

Dynegy Inc, the power provider reported second quarter sales rose 53% to $493 million from $322 million a year ago. Net loss in the quarter was $345 million or 41 cents per diluted share compared to net loss of $272 million or 32 cents per share a year ago.

Dynegy Inc (DYN: chart) in the last one year traded as high as $6.10 in August 2008 and as low as $1.04 in March 2009. Based on the Friday’s closing price of $1.93 the company has market cap of $1.63 billion.

Houston Wire & Cable Company, a distributor of specialty wire and cable, and related services reported second quarter sales fell 36.4% to $61.9 million from $97.4 million a year ago. Net income in the quarter fell 76.6% to $1.8 million or 10 cents per diluted share compared to net income of $7.7 million or 44 cents per share a year ago.

Houston Wire & Cable Company (HWCC: chart) in the last one year traded as high as $21.00 in September 2008 and as low as $4.79 in March 2009. Based on the Friday’s closing price of $10.56 the company has market cap of $186.35 million.

Sysco Corporation, the distributor of food and related products reported fourth quarter sales fell 6.2% to $9.1 billion from $9.7 billion a year ago. Net income in the quarter fell 5.6% to $315.3 million or 53 cents per diluted share compared to net income of $334.1 million or 55 cents per share a year ago.

Sales for the fiscal year 2009 fell 1.8% of $36.9 billion or $37.5 billion a year ago. Net income in the year fell 4.5% to $1.06 billion or $1.77 per diluted share compared to net income of $1.11 billion or $1.81 per share a year ago.

Sysco Corporation (SYY: chart) in the last one year traded as high as $34.80 in September 2008 and as low as $19.45 in March 2009. Based on the Friday’s closing price of $24.85 the company has market cap of $14.66 billion.

Virgin Mobile USA, Inc, a provider of wireless communications services reported second quarter sales fell 3.8% to $307.6 million from $319.9 million a year ago. Net income in the quarter rose 380% to $16.8 million or 23 cents per diluted share compared to net income of $3.5 million or 7 cents per share a year ago.

Virgin Mobile USA, Inc (VM: chart) in the last one year traded as high as $5.28 in July 2009 and as low as $0.60 in December 2008. Based on the Friday’s closing price of $4.86 the company has market cap of $316.58 million.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.

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