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Earnings Analysis: 
Exxon Mobil Net Drops 68%; Kellogg Net Up
Author: Trupti Mehta
123jump.com
Last Update: 11:09 AM ET October 29 2009


Exxon Mobil Corporation third quarter sales fell 40.2% to $82.3 billion and net income fell 68% to $4.73 billion or 98 cents a share. Kellogg Company third quarter sales fell 0.3% to $3.28 billion and net income rose 5.6% to $361 million or 94 cents a share.

 
[R]11:10AM New York - Exxon Mobil Corporation sales fell 40.2% and net income fell 68%. Kellogg Company sales fell 0.3% and net income rose 5.6%.[/R]

Allegheny Energy, Inc, the energy company reported third quarter revenues fell 6.6% to $793.7 million from $849.6 million a year ago. Net income in the quarter fell 13.5% to $77 million or 45 cents per diluted share compared to net income of $89 million or 52 cents per share a year ago.

Allegheny Energy, Inc (AYE: chart) in the last one year traded as high as $35.97 in November 2008 and as low as $20.32 in March 2009. Based on the yesterday’s closing price of $24.82 the company has market cap of $4.22 billion.

Allergan, Inc, the multi-specialty health care company reported third quarter revenues rose 3.6% to $1.14 billion from $1.10 billion a year ago. Net income in the quarter rose 8.2% to $179 million or 58 cents per diluted share compared to net income of $165.4 million or 54 cents per share a year ago.

Allergan, Inc (AGN: chart) in the last one year traded as high as $58.95 in October 2009 and as low as $28.95 in November 2008. Based on the yesterday’s closing price of $54.05 the company has market cap of $16.43 billion.

Apache Corporation, the oil and gas company reported third quarter revenues fell 30.7% to $2.33 billion from $3.36 billion a year ago. Net income in the quarter fell 63% to $440.6 million or $1.30 per diluted share compared to net income of $1.19 billion or $3.52 per share a year ago.

Apache Corporation (APA: chart) in the last one year traded as high as $105.59 in October 2009 and as low as $51.03 in March 2009. Based on the yesterday’s closing price of $95.57 the company has market cap of $32.04 billion.

Ball Corporation, the plastic and metal packaging company reported third quarter sales fell 2% to $1.97 billion from $2.01 billion a year ago. Net income in the quarter rose 1.8% to $103.7 million or $1.09 per diluted share compared to net income of $101.9 million or $1.05 per share a year ago.

Ball Corporation (BLL: chart) in the last one year traded as high as $52.46 in October 2009 and as low as $27.37 in November 2008. Based on the yesterday’s closing price of $48.54 the company has market cap of $4.56 billion.

EMCOR Group, Inc, the construction and engineering company reported third quarter revenues fell 20.3% to $1.37 billion from $1.72 billion a year ago. Net income in the quarter fell 17.7% to $40 million or 59 cents per diluted share compared to net income of $48.6 million or 72 cents per share a year ago.

EMCOR Group, Inc (EME: chart) in the last one year traded as high as $26.38 in September 2009 and as low as $11.17 in November 2008. Based on the yesterday’s closing price of $22.32 the company has market cap of $1.47 billion.

Expedia, Inc, an online travel company reported third quarter revenues rose 2.3% to $852.4 million from $833.3 million a year ago. Net income in the quarter rose 23.4% to $117.0 million or 40 cents per diluted share compared to net income of $94.8 million or 33 cents per share a year ago.

Expedia, Inc (EXPE: chart) in the last one year traded as high as $32.20 in October 2009 and as low as $6.00 in November 2008. Based on the yesterday’s closing price of $24.34 the company has market cap of $7.02 billion.

Exxon Mobil Corporation, the publicly traded oil company reported third quarter sales fell 40.2% to $82.3 billion from $137.7 billion a year ago. Net income in the quarter fell 68% to $4.73 billion or 98 cents per diluted share compared to net income of $14.8 billion or $2.85 per share a year ago.

Exxon Mobil Corporation (XOM: chart) in the last one year traded as high as $83.64 in December 2008 and as low as $61.86 in March 2009. Based on the yesterday’s closing price of $73.84 the company has market cap of $354.86 billion.

Kaydon Corporation, the industrial products maker reported third quarter sales fell 2.5% to $123.6 million from $126.8 million a year ago. Net income in the quarter fell 1.2% to $16.1 million or 48 cents per diluted share compared to net income of $16.3 million or 50 cents per share a year ago.

Kaydon Corporation (KDN: chart) in the last one year traded as high as $37.55 in June 2009 and as low as $20.89 in November 2008. Based on the yesterday’s closing price of $35.69 the company has market cap of $1.18 billion.

Kellogg Company, the food maker reported third quarter sales fell 0.3% to $3.28 billion from $3.29 billion a year ago. Net income in the quarter rose 5.6% to $361 million or 94 cents per diluted share compared to net income of $342 million or 89 cents per share a year ago.

Kellogg Company (K: chart) in the last one year traded as high as $53.39 in November 2008 and as low as $35.64 in March 2009. Based on the yesterday’s closing price of $50.98 the company has market cap of $19.52 billion.

The Lubrizol Corporation, the chemical maker reported third quarter revenues fell 6.6% to $1.27 billion from $1.36 billion a year ago. Net income in the quarter rose 170% to $170.5 million or $2.46 per diluted share compared to net income of $63.2 million or 92 cents per share a year ago.
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Market data: BATS Exchange. Inc.

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