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Earnings Analysis: 
Juniper Net Down; Leggett & Platt Net Up 66%
Author: Trupti Mehta
123jump.com
Last Update: 10:18 AM ET October 23 2009



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Juniper Networks, Inc third quarter revenues fell 13% to $823.9 million and net income fell 43.6% to $83.8 million or 16 cents a share. Leggett & Platt, Incorporated third quarter sales fell 28.3% to $809.9 million and net income rose 66% to $54.3 million or 34 cents a share.

 
[R]10:20AM New York - Juniper Networks, Inc revenue fell 13% and net income fell 43.6%. Leggett & Platt, Incorporated sales fell 28.3% and net income rose 66%.[/R]

Hittite Microwave Corporation, the chipmaker said third quarter revenues fell 9% to $41.5 million from $45.5 million a year ago. Net income in the quarter fell 12.4% to $12 million or 40 cents per diluted share compared to net income of $13.7 million or 44 cents per share a year ago.

Hittite Microwave Corporation (HITT: chart) in the last one year traded as high as $39.41 in September 2009 and as low as $23.26 in February 2009. Based on the yesterday’s closing price of $37.40 the company has market cap of $1.12 billion.

Interactive Brokers Group, Inc, an automated electronic market maker and broker said third quarter revenues fell 45.4% to $271.5 million from $497.1 million a year ago. Net income in the quarter fell 69% to $8.5 million or 20 cents per diluted share compared to net income of $27.2 million or 65 cents per share a year ago.

Interactive Brokers Group, Inc (IBKR: chart) in the last one year traded as high as $23.19 in November 2008 and as low as $12.68 in March 2009. Based on the yesterday’s closing price of $19.56 the company has market cap of $806.16 million.

Juniper Networks, Inc, the maker of networking equipment said third quarter revenues fell 13% to $823.9 million from $947 million a year ago. Net income in the quarter fell 43.6% to $83.8 million or 16 cents per diluted share compared to net income of $148.5 million or 27 cents per share a year ago.

Juniper Networks, Inc (JNPR: chart) in the last one year traded as high as $28.47 in October 2009 and as low as $12.43 in March 2009. Based on the yesterday’s closing price of $28.22 the company has market cap of $14.76 billion.

Leggett & Platt, Incorporated, the furniture parts maker said third quarter sales fell 28.3% to $809.9 million from $1.13 billion a year ago. Net income in the quarter rose 66% to $54.3 million or 34 cents per diluted share compared to net income of $32.7 million or 20 cents per share a year ago.

Leggett & Platt, Incorporated (LEG: chart) in the last one year traded as high as $20.17 in October 2009 and as low as $10.03 in March 2009. Based on the yesterday’s closing price of $19.41 the company has market cap of $3.03 billion.

Microtune, Inc, the provider of radio frequency integrated circuits said third quarter revenues fell 43.6% to $18 million from $31.9 million a year ago. Net loss in the quarter was $4.4 million or 8 cents per diluted share compared to net income of $3.2 million or 6 cents per share a year ago.

Microtune, Inc (TUNE: chart) in the last one year traded as high as $2.65 in June 2009 and as low as $1.32 in March 2009. Based on the yesterday’s closing price of $1.96 the company has market cap of $102.71 million.

Netflix, Inc, the online DVD rental company said third quarter sales rose 24% to $423.1 million from $341.3 million a year ago. Net income in the quarter rose 47.5% to $30.1 million or 52 cents per diluted share compared to net income of $20.4 million or 33 cents per share a year ago.

Netflix, Inc (NFLX: chart) in the last one year traded as high as $50.93 in April 2009 and as low as $17.90 in October 2008. Based on the yesterday’s closing price of $49.63 the company has market cap of $2.85 billion.

OceanFirst Financial Corp., Inc, a bank said third quarter net interest income rose 14.4% to $16.7 million from $14.6 million a year ago. Net income in the quarter rose 8% to $4 million or 34 cents per diluted share compared to net income of $3.7 million or 32 cents per share a year ago.

OceanFirst Financial Corp., Inc (OCFC: chart) in the last one year traded as high as $17.75 in January 2009 and as low as $7.13 in March 2009. Based on the yesterday’s closing price of $12.20 the company has market cap of $150.94 million.

Premiere Global Services, Inc, a provider of communication technologies-based solutions said third quarter revenues fell 5.4% to $148 million from $156.5 million a year ago. Net loss in the quarter was $12.6 million or 21 cents per diluted share compared to net income of $10.8 million or 18 cents per share a year ago.

Premiere Global Services, Inc (PGI: chart) in the last one year traded as high as $12.93 in June 2009 and as low as $5.18 in November 2008. Based on the yesterday’s closing price of $8.02 the company has market cap of $487.24 million.

The Cheesecake Factory Incorporated, the restaurant operator said third quarter revenues fell 1% to $400.6 million from $405.1 million a year ago. Net income in the quarter rose 38% to $16.3 million or 27 cents per diluted share compared to net income of $11.8 million or 19 cents per share a year ago.

The Cheesecake Factory Incorporated (CAKE: chart) in the last one year traded as high as $21.01 in September 2009 and as low as $4.96 in November 2008. Based on the yesterday’s closing price of $18.14 the company has market cap of $1.09 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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