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Earnings Analysis: 
H. J. Heinz Net Falls; Eaton Vance Corp Net Up 39%
Author: Mita Yagnik
123jump.com
Last Update: 6:26 AM ET November 25 2009



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H. J. Heinz Company second quarter sales rose 2.3% to $2.67 billion and net income fell 16.4% to $231.4 million or 73 cents a share. Eaton Vance Corp fourth quarter revenues rose 2% to $254.1 million and net income rose 39% to $48.4 million or 39 cents a share.

 
[R]6:20AM New York - H. J. Heinz Company sales rose 2.3% and net income fell 16.4%. Eaton Vance Corp revenue rose 2% and net income rose 39%.[/R]

Coldwater Creek Inc, a women's apparel retailer said third quarter sales rose 16.7% to $266.7 million from $228.5 million a year ago. Net loss in the quarter was $34 million or 37 cents per diluted share compared to net loss of $1.3 million or 1 cent per share a year ago.

Coldwater Creek Inc (CWTR: chart) in the last one year traded as high as $9.20 in September 2009 and as low as $1.11 in March 2009. Based on the yesterday’s closing price of $5.35 the company has market cap of $489.27 million.

Eaton Vance Corp, the investment manager said fourth quarter revenues rose 2% to $254.1 million from $249.8 million a year ago. Net income in the quarter rose 39% to $48.4 million or 39 cents per diluted share compared to net income of $34.9 million or 28 cents per share a year ago.

Total revenues for the fiscal year 2009 fell 19% to $890.4 million from $1.1 billion a year ago. Net income for the year fell 33.5% to $130.1 million or $1.08 per diluted share compared to net income of $195.7 million or $1.57 per share a year ago.

Eaton Vance Corp (EV: chart) in the last one year traded as high as $31.31 in October 2009 and as low as $13.63 in March 2009. Based on the yesterday’s closing price of $29.86 the company has market cap of $3.51 billion.

Giant Interactive Group Inc, an online game developer and operator said third quarter revenues rose 9.4% to Rmb 290.2 million from Rmb 265.2 million a year ago. Net income in the quarter rose 47.4% to Rmb 197.7 million or Rmb 0.84 per ADS compared to net income of Rmb 134.1 million or Rmb 0.54 per ADS a year ago.

Giant Interactive Group Inc (GA: chart) in the last one year traded as high as $9.57 in June 2009 and as low as $5.31 in January 2009. Based on the yesterday’s closing price of $6.82 the company has market cap of $1.54 billion.

H. J. Heinz Company, the food maker said second quarter sales rose 2.3% to $2.67 billion from $2.61 billion a year ago. Net income in the quarter fell 16.4% to $231.4 million or 73 cents per diluted share compared to net income of $276.7 million or 87 cents per share a year ago.

H. J. Heinz Company (HNZ: chart) in the last one year traded as high as $43.70 in November 2009 and as low as $30.51 in March 2009. Based on the yesterday’s closing price of $43.23 the company has market cap of $13.63 billion.

J.Crew Group, Inc, the seller of clothes, shoes and accessories said third quarter revenues rose 14% to $414.1 million from $363.1 million a year ago. Net income in the quarter rose 131% to $43.9 million or 67 cents per diluted share compared to net income of $19.0 million or 30 cents per share a year ago.

J.Crew Group, Inc (JCG: chart) in the last one year traded as high as $44.29 in October 2009 and as low as $8.56 in December 2008. Based on the yesterday’s closing price of $40.85 the company has market cap of $2.58 billion.

QAD Inc., an enterprise software and services provider said third quarter revenues fell 17% to $56.2 million from $67.8 million a year ago. Net income in the quarter was $4.8 million or 15 cents per diluted share compared to net loss of $1.8 million or 6 cents per share a year ago.

QAD Inc. (QADI: chart) in the last one year traded as high as $5.24 in October 2009 and as low as $2.14 in March 2009. Based on the yesterday’s closing price of $4.35 the company has market cap of $135.14 million.

TiVo Inc., the provider of technology and services for digital video recorders said third quarter revenues fell 12% to $56.9 million from $64.5 million a year ago. Net loss in the quarter was $6.7 million or 6 cents per diluted share compared to net income of $100.6 million or 98 cents per share a year ago.

TiVo Inc. (TIVO: chart) in the last one year traded as high as $12.78 in October 2009 and as low as $4.15 in November 2008. Based on the yesterday’s closing price of $10.97 the company has market cap of $1.19 billion.
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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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