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Earnings Analysis: 
IBM Net Up 14%; Google Sales Rise 7%
Author: Trupti Mehta
123jump.com
Last Update: 8:28 AM ET October 16 2009



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International Business Machines Corporation third quarter revenues fell 6.7% to $23.6 billion and net income rose 14.3% to $3.2 billion or $2.40 a share. Google Inc third quarter revenues rose 7.2% to $5.94 billion and net income rose 27% to $1.64 billion or $5.13 a share.

 
[R]8:30AM New York - International Business Machines Corporation revenue fell 6.7% and net income rose 14.3%. Google Inc revenue rose 7.2% and net income rose 27%.[/R]

Advanced Micro Devices, Inc, the provider of microprocessors developer said third quarter revenues fell 22% to $1.4 billion from $1.8 billion a year ago. Net loss in the quarter was $128 million or 18 cents per diluted share compared to net loss of $134 million or 22 cents per share a year ago.

Advanced Micro Devices, Inc (AMD: chart) in the last one year traded as high as $6.36 in October 2009 and as low as $1.62 in November 2008. Based on the yesterday’s closing price of $6.19 the company has market cap of $4.13 billion.

Cubist Pharmaceuticals, Inc, the biopharmaceutical company said third quarter revenues rose 27.7% to $143.5 million from $112.4 million a year ago. Net income in the quarter rose 1.6% to $25.4 million or 42 cents per diluted share compared to net income of $25 million or 44 cents per share a year ago.

Cubist Pharmaceuticals, Inc (CBST: chart) in the last one year traded as high as $28.74 in December 2008 and as low as $13.81 in February 2009. Based on the yesterday’s closing price of $19.89 the company has market cap of $1.15 billion.

Fidelity Southern Corporation, a bank company said third quarter interest income rose 16% to $13.8 million from $11.9 million a year ago. Net loss in the quarter was $425,000 or 4 cents per diluted share compared to net loss of $4.9 million or 50 cents per share a year ago.

Fidelity Southern Corporation (LION: chart) in the last one year traded as high as $4.73 in October 2008 and as low as $1.11 in March 2009. Based on the yesterday’s closing price of $3.90 the company has market cap of $38.57 million.

Google Inc, the search engine said third quarter revenues rose 7.2% to $5.94 billion from $5.54 billion a year ago. Net income in the quarter rose 27% to $1.64 billion or $5.13 per diluted share compared to net income of $1.29 billion or $4.06 per share a year ago.

Google Inc (GOOG: chart) in the last one year traded as high as $536.90 in October 2009 and as low as $247.30 in November 2008. Based on the yesterday’s closing price of $529.91 the company has market cap of $167.75 billion.

International Business Machines Corporation, an information technology company said third quarter revenues fell 6.7% to $23.6 billion from $25.3 billion a year ago. Net income in the quarter rose 14.3% to $3.2 billion or $2.40 per diluted share compared to net income of $2.8 billion or $2.04 per share a year ago.

International Business Machines Corporation (IBM: chart) in the last one year traded as high as $128.61 in October 2009 and as low as $69.50 in November 2008. Based on the yesterday’s closing price of $127.98 the company has market cap of $167.77 billion.

Luby''s, Inc., a restaurant chain operator said fourth quarter sales fell 13.3% to $84.2 million from $97.1 million a year ago. Net loss in the quarter was $23.3 million or 83 cents per diluted share compared to net loss of $3.7 million or 13 cents per share a year ago.

Total sales for the fiscal year 2009 fell 7.8% to $292.9 million from $317.7 million a year ago. Net loss for the year was $26.4 million or 94 cents per diluted share compared to net income of $2.3 million or 8 cents per share a year ago.

Luby''s, Inc. (LUB: chart) in the last one year traded as high as $6.25 in October 2008 and as low as $3.23 in March 2009. Based on the yesterday’s closing price of $4.12 the company has market cap of $115.29 million.

Universal Forest Products, Inc, a lumber and wood packaging producer said third quarter sales fell 25% to $457.8 million from $610.7 million a year ago. Net income in the quarter was $10.1 million or 51 cents per diluted share compared to net loss of $2 million or 10 cents per share a year ago.

Universal Forest Products, Inc (UFPI: chart) in the last one year traded as high as $47.78 in August 2009 and as low as $14.61 in November 2008. Based on the yesterday’s closing price of $41.12 the company has market cap of $788.63 million.

Valmont Industries, Inc, the maker of lightning poles and support structures said third quarter sales fell 12.3% to $434 million from $494.8 million a year ago. Net income in the quarter rose 9.5% to $40.5 million or $1.53 per diluted share compared to net income of $37.0 million or $1.40 per share a year ago.

Valmont Industries, Inc (VMI: chart) in the last one year traded as high as $89.30 in October 2009 and as low as $37.47 in November 2008. Based on the yesterday’s closing price of $88.50 the company has market cap of $2.32 billion.
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Market data: BATS Exchange. Inc.

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