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Earnings Analysis: 
Fluor Corporation Sales Down; Luxottica Group Net Up 30%
Author: Trupti Mehta
123jump.com
Last Update: 3:06 AM ET July 27 2010


Fluor Corporation second quarter revenues fell 2.7% to $5.15 billion and net income fell 7% to $157.4 million or 87 cents a share. Luxottica Group S.p.A. second quarter revenues rose 14% to €1.6 billion and net income rose 30% to €150.1 million or €0.33 a share.

 
[R]3:10 AM New York - Fluor Corporation revenue fell 2.7% and net income fell 7%. Luxottica Group S.p.A. revenue rose 14% and net income rose 30%.[/R]

Aaron''s Inc (AAN: chart), the furniture rental and sales company said second quarter revenues rose 7% to $445 million from $417.3 million a year ago. Net income in the quarter fell 12% to $24.4 million or 30 cents per diluted share compared to net income of $27.8 million or 34 cents per share a year ago.

Aaron''s Inc, in the last one year traded as high as $24.32 in April 2010 and as low as $18.31 in December 2009. Based on the yesterday’s closing price of $18.31 the company has market cap of $1.49 billion.

Albemarle Corporation (ALB: chart), the specialty chemicals maker said second quarter revenues rose 33% to $592.5 million from $445.3 million a year ago. Net income in the quarter rose 112.5% to $81.8 million or 89 cents per diluted share compared to net income of $38.5 million or 42 cents per share a year ago.

Albemarle Corporation, in the last one year traded as high as $46.97 in April 2010 and as low as $29.35 in July 2009. Based on the yesterday’s closing price of $45.25 the company has market cap of $4.14 billion.

Arch Capital Group Ltd (ACGL: chart), the insurer said second quarter revenues fell 8.5% to $776.3 million from $848.7 million a year ago. Net income in the quarter rose 56% to $237 million or $4.45 per diluted share compared to net income of $152.1 million or $2.43 per share a year ago.

Arch Capital Group Ltd, in the last one year traded as high as $80.10 in July 2010 and as low as $60.42 in July 2009. Based on the yesterday’s closing price of $80.02 the company has market cap of $4.19 billion.

Crane Co (CR: chart), an industrial manufacturer said second quarter revenues rose 1% to $552.8 million from $545.5 million a year ago. Net income in the quarter rose 44% to $40 million or 67 cents per diluted share compared to net income of $27.8 million or 47 cents per share a year ago.

Crane Co, in the last one year traded as high as $39.13 in April 2010 and as low as $20.58 in July 2009. Based on the yesterday’s closing price of $34.86 the company has market cap of $2.06 billion.

F.N.B. Corporation (FNB: chart), the bank said second quarter net interest income rose 9% to $73.1 million from $66.9 million a year ago. Net income in the quarter rose 97% to $17.9 million or 16 cents per diluted share compared to net income of $9.1 million or 10 cents per share a year ago.

F.N.B. Corporation, in the last one year traded as high as $9.75 in April 2010 and as low as $6.30 in December 2009. Based on the yesterday’s closing price of $8.50 the company has market cap of $972.44 million.

Fluor Corporation (FLR: chart), an engineering and construction firm said second quarter revenues fell 2.7% to $5.15 billion from $5.29 billion a year ago. Net income in the quarter fell 7% to $157.4 million or 87 cents per diluted share compared to net income of $169.3 million or 93 cents per share a year ago.

Fluor Corporation, in the last one year traded as high as $58.62 in August 2009 and as low as $39.77 in December 2009. Based on the yesterday’s closing price of $47.85 the company has market cap of $8.55 billion.

Hexcel Corporation (HXL: chart), an advanced composites company said second quarter revenues rose 10% to $305.1 million from $277.3 million a year ago. Net income in the quarter rose 37.5% to $23.1 million or 23 cents per diluted share compared to net income of $16.8 million or 17 cents per share a year ago.

Hexcel Corporation, in the last one year traded as high as $18.84 in July 2010 and as low as $8.92 in July 2009. Based on the yesterday’s closing price of $18.74 the company has market cap of $1.82 billion.

Insituform Technologies, Inc (INSU: chart), the provider of technologies and services for rehabilitating sewer said second quarter revenues rose 26% to $230.2 million from $183.2 million a year ago. Net income in the quarter rose 141% to $15.8 million or 40 cents per diluted share compared to net income of $6.5 million or 17 cents per share a year ago.

Insituform Technologies, Inc, in the last one year traded as high as $28.38 in April 2010 and as low as $15.51 in July 2009. Based on the yesterday’s closing price of $24.53 the company has market cap of $962.52 million.

Legg Mason, Inc (LM: chart), the securities firm said first quarter revenues rose 10% to $674.2 million from $613.1 million a year ago. Net income in the quarter fell 4% to $47.9 million or 30 cents per diluted share compared to net income of $50.1 million or 35 cents per share a year ago.

Legg Mason, Inc, in the last one year traded as high as $34.83 in May 2010 and as low as $24.00 in February 2010. Based on the yesterday’s closing price of $30.08 the company has market cap of $4.92 billion.

Luxottica Group S.p.A. (LUX: chart), the luxury eyewear company said second quarter revenues rose 14% to €1.6 billion from €1.4 billion a year ago. Net income in the quarter rose 30% to €150.1 million or €0.33 per ADS compared to net income of €115.3 million or €0.25 per ADS a year ago.
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Market data: BATS Exchange. Inc.

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