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Earnings Analysis: 
McDermott, Fluor Corp Net Falls
Author: Mita Yagnik
123jump.com
Last Update: 5:33 AM ET May 11 2010


McDermott International, Inc first quarter revenues fell 21% to $1.18 billion and net income fell 23% to $59.9 million or 26 cents a share. Fluor Corporation first quarter revenues fell 15.5% to $4.9 billion and net income fell 33.3% to $136.6 million or 76 cents a share.

 
[R]5:30AM New York - McDermott International, Inc revenue fell 21% and net income fell 23%. Fluor Corporation revenue fell 15.5% and net income fell 33.3%.[/R]

Air Transport Services Group Inc (ATSG: chart), an airlines and an aircraft leasing company said first quarter revenues fell 23.5% to $161.9 million from $211.8 million a year ago. Net income in the quarter fell 35% to $7.2 million or 12 cents per diluted share compared to net income of $11.1 million or 18 cents per share a year ago.

Air Transport Services Group Inc, in the last one year traded as high as $5.75 in April 2010 and as low as $0.69 in May 2009. Based on the yesterday’s closing price of $5.36 the company has market cap of $339.87 million.

Arena Resources, Inc (ARD: chart), the oil and natural gas explorer said first quarter sales rose 156.4% to $51.8 million from $20.2 million a year ago. Net income in the quarter rose 178.5% to $18.1 million or 46 cents per diluted share compared to net income of $6.5 million or 17 cents per share a year ago.

Arena Resources, Inc, in the last one year traded as high as $45.72 in December 2009 and as low as $26.52 in July 2009. Based on the yesterday’s closing price of $32.28 the company has market cap of $1.25 billion.

Assured Guaranty Ltd (AGO: chart), the bond insurer said first quarter revenues rose 181.3% to $683.9 million from $243.1 million a year ago. Net income in the quarter rose 276% to $322.0 million or $1.69 per diluted share compared to net income of $85.5 million or 93 cents per share a year ago.

Assured Guaranty Ltd, in the last one year traded as high as $28.14 in November 2009 and as low as $10.28 in July 2009. Based on the yesterday’s closing price of $19.98 the company has market cap of $3.69 billion.

Clear Channel Outdoor Holdings, Inc (CCO: chart), the outdoor advertising company said first quarter revenues rose 4.6% to $608.8 million from $582.2 million a year ago. Net loss in the quarter was $47.8 million or 14 cents per diluted share compared to net loss of $87.9 million or 25 cents per share a year ago.

Clear Channel Outdoor Holdings, Inc, in the last one year traded as high as $13.25 in April 2010 and as low as $3.32 in May 2009. Based on the yesterday’s closing price of $10.73 the company has market cap of $3.82 billion.

DTS, Inc (DTSI: chart), a provider of entertainment technologies said first quarter revenues rose 25.4% to $21.7 million from $17.3 million a year ago. Net income in the quarter was $3.8 million or 21 cents per diluted share compared to net income of $187,000 or 1 cent per share a year ago.

DTS, Inc, in the last one year traded as high as $36.18 in March 2010 and as low as $23.41 in May 2009. Based on the yesterday’s closing price of $33.79 the company has market cap of $591.27 million.

Fluor Corporation (FLR: chart), the construction and engineering company said first quarter revenues fell 15.5% to $4.9 billion from $5.8 billion a year ago. Net income in the quarter fell 33.3% to $136.6 million or 76 cents per diluted share compared to net income of $204.8 million or $1.12 per share a year ago.

Fluor Corporation, in the last one year traded as high as $58.62in August 2009 and as low as $39.77 in December 2010. Based on the yesterday’s closing price of $48.96 the company has market cap of $8.75 billion.

Healthcare Realty Trust (HR: chart), the real estate investment trust said first quarter revenues rose 4% to $64.6 million from $62.1 million a year ago. Net income in the quarter fell 78% to $4.6 million or 8 cents per diluted share compared to net income of $21.0 million or 35 cents per share a year ago.

Healthcare Realty Trust, in the last one year traded as high as $25.00 in April 2010 and as low as $15.35 in May 2009. Based on the yesterday’s closing price of $24.26 the company has market cap of $1.49 billion.

Inter Parfums, Inc (IPAR: chart), a fragrance maker said first quarter sales rose 32% to $119.4 million from $90.4 million a year ago. Net income in the quarter rose 22% to $6.6 million or 22 cents per diluted share compared to net income of $5.4 million or 18 cents per share a year ago.

Inter Parfums, Inc, in the last one year traded as high as $17.77 in May 2010 and as low as $6.89 in June 2009. Based on the yesterday’s closing price of $16.68 the company has market cap of $503.74 million.

LDK Solar Co. Ltd (LDK: chart), a maker of wafers for solar cells said first quarter sales rose 14% to $347.6 million from $304.6 million a year ago. Net income in the quarter was $7.2 million or 6 cents per ADS compared to net loss of $13.2 million or 12 cents per ADS a year ago.

LDK Solar Co. Ltd, in the last one year traded as high as $14.27 in June 2009 and as low as $5.06 in November 2009. Based on the yesterday’s closing price of $6.96 the company has market cap of $788.21 million.

Legg Mason, Inc (LM: chart), the asset management company said fourth quarter revenues rose 9% to $671.4 million from $617.2 million a year ago. Net income in the quarter was $63.6 million or 39 cents per diluted share compared to net loss of $330.2 million or $2.33 per share a year ago.

Total revenues for the fiscal year 2010 fell 21.7% to $2.63 billion from $3.36 billion a year ago. Net income for the year was $204.4 million or $1.32 per diluted share compared to net loss of $2.0 billion or $13.99 per share a year ago.
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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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