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Earnings Analysis: 
Medtronic Net Falls; The TJX Net Rises
Author: Trupti Mehta
123jump.com
Last Update: 9:19 AM ET May 19 2009



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Medtronic, Inc fourth quarter revenues fell 1% to $3.83 billion and net income fell 69% to $250 million or 22 cents a share. The TJX Companies, Inc first quarter sales rose 1% to $4.35 billion and net income rose 8% to $209.2 million or 49 cents a share.

 
[R]10:00AM New York – Medtronic, Inc revenue fell 1% and net income fell 69%. The TJX Companies, Inc sales rose 1% and net income rose 8%.[/R]

DHT Maritime Inc, operates a fleet of double hull tankers reported first quarter revenues rose 20% to $29.8 million from $24.9 million a year ago. Net income in the quarter fell 9% to $6.9 million or 17 cents per diluted share compared to net income of $7.6 million or 25 cents per share a year ago.

DHT Maritime Inc (DHT: chart) in the last one year traded as high as $11.75 in May 2008 and as low as $3.00 in October 2008. Based on the yesterday’s closing price of $4.65 the company has market cap of $224.44 million.

Dick’s Sporting Goods, Inc, a full-line sporting goods retailer reported first quarter revenues rose 5% to $959.7 million from $912.1 million a year ago. Net income in the quarter fell 48% to $10.2 million or 9 cents per diluted share compared to net income of $19.6 million or 17 cents per share a year ago.

Dick’s Sporting Goods, Inc (DKS: chart) in the last one year traded as high as $29.07 in May 2008 and as low as $9.21 in November 2008. Based on the yesterday’s closing price of $19.78 the company has market cap of $2.22 billion.

E-House (China) Holdings Limited, the real estate services company in China reported first quarter revenues fell 1% to $32.8 million from $33.2 million a year ago. Net income in the quarter fell 18.4% to $7.1 million or 9 cents per ADS compared to net income of $8.7 million or 11 cents per ADS a year ago.

E-House (China) Holdings Limited (EJ: chart) in the last one year traded as high as $16.90 in May 2008 and as low as $4.00 in November 2008. Based on the yesterday’s closing price of $13.37 the company has market cap of $1.06 billion.

The Home Depot, Inc, the nation''s largest home improvement retailer reported first quarter sales fell 10% to $16.2 billion from $17.9 billion a year ago. Net income in the quarter rose 44% to $514 million or 30 cents per diluted share compared to net income of $356 million or 21 cents per share a year ago.

The Home Depot, Inc (HD: chart) in the last one year traded as high as $30.74 in September 2008 and as low as $17.05 in March 2009. Based on the yesterday’s closing price of $26.02 the company has market cap of $44.14 billion.

JA Solar Holdings Co., Ltd, a manufacturer of high-performance solar products reported first quarter revenues fell 79.4% to Rmb 231.7 million from Rmb 1.1 billion a year ago. Net loss in the quarter was Rmb 193.27 million or Rmb 1.20 per ADS compared to net income of Rmb 154.47 million or Rmb 0.99 per ADS a year ago.

JA Solar Holdings Co., Ltd (JASO: chart) in the last one year traded as high as $26.99 in May 2008 and as low as $1.55 in November 2008. Based on the yesterday’s closing price of $3.24 the company has market cap of $543.96 million.

Medtronic, Inc, the medical device maker reported fourth quarter revenues fell 1% to $3.83 billion from $3.86 billion a year ago. Net income in the quarter fell 69% to $250 million or 22 cents per diluted share compared to net income of $812 million or 72 cents per share a year ago.

Revenues for the fiscal year 2008 rose 8% to $14.6 billion from $13.52 billion a year ago. Net income in the year rose 3% to $2.29 billion or $2.04 per diluted share compared to net income of $2.23 billion or $1.95 per share a year ago.

Medtronic, Inc (MDT: chart) in the last one year traded as high as $56.97 in August 2008 and as low as $24.06 in March 2009. Based on the yesterday’s closing price of $33.96 the company has market cap of $38.01 billion.

The TJX Companies, Inc, an off-price retailer of apparel and home fashions reported first quarter sales rose 1% to $4.35 billion from $4.30 billion a year ago. Net income in the quarter rose 8% to $209.2 million or 49 cents per diluted share compared to net income of $193.8 million or 43 cents per share a year ago.

The TJX Companies, Inc (TJX: chart) in the last one year traded as high as $37.52 in August 2008 and as low as $17.80 in November 2008. Based on the yesterday’s closing price of $27.94 the company has market cap of $11.55 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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