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Earnings Analysis: 
Merck & Co Net Rises; Teva Pharmaceutical Sales Up
Author: Mita Yagnik
123jump.com
Last Update: 10:02 AM ET February 16 2010


Merck & Co. Inc fourth quarter sales rose 67.3% to $10.09 billion and net income rose 306% to $6.5 billion or $2.35 a share. Teva Pharmaceutical Industries Limited fourth quarter sales rose 33.3% to $3.80 billion and net income was $379 million or 42 cents a share.

 
[R]9:50AM New York - Merck & Co. Inc sales rose 67.3% and net income rose 306%. Teva Pharmaceutical Industries Limited sales rose 33.3% and net income was $379 million.[/R]

Abercrombie & Fitch Co, the clothing retailer reported fourth quarter sales fell 4.5% to $936 million from $980.8 million a year ago. Net income in the quarter fell 30.5% to $47.5 million or 53 cents per diluted share compared to net income of $68.4 million or 78 cents per share a year ago.

Net sales for the fiscal year 2009 fell 16% to $2.93 billion from $3.48 billion a year ago. Net income for the year fell 99.9% to $254,000 or break even per diluted share compared to net income of $272.3 million or $3.05 per share a year ago.

Abercrombie & Fitch Co (ANF: chart) in the last one year traded as high as $42.31 in November 2009 and as low as $16.95 in March 2009. Based on the yesterday’s closing price of $33.85 the company has market cap of $2.98 billion.

Fossil, Inc, the seller of consumer fashion accessories reported fourth quarter sales rose 13.7% to $527.8 million from $464.1 million a year ago. Net income in the quarter rose 51.2% to $70.0 million or $1.03 per diluted share compared to net income of $46.3 million or 69 cents per share a year ago.

Net sales for the fiscal year 2009 fell 2% to $1.55 billion from $1.58 billion a year ago. Net income for the year rose 0.8% to $139.2 million or $2.07 per diluted share compared to net income of $138.1 million or $2.02 per share a year ago.

Fossil, Inc (FOSL: chart) in the last one year traded as high as $36.61 in January 2010 and as low as $11.22 in March 2009. Based on the yesterday’s closing price of $34.22 the company has market cap of $2.28 billion.

Kraft Foods Inc, the food maker reported fourth quarter revenues rose 3% to $11.03 billion from $10.68 billion a year ago. Net income in the quarter rose 299% to $710 million or 48 cents per diluted share compared to net income of $178 million or 12 cents per share a year ago.

Net revenues for the fiscal year 2009 fell 3.5% to $40.4 billion from $41.9 billion a year ago. Net income for the year rose 5% to $3.02 billion or $2.03 per diluted share compared to net income of $2.88 billion or $1.90 per share a year ago.

Kraft Foods Inc (KFT: chart) in the last one year traded as high as $30.10 in January 2010 and as low as $20.81 in March 2009. Based on the yesterday’s closing price of $29.09 the company has market cap of $42.93 billion.

Merck & Co. Inc, the drug maker reported fourth quarter sales rose 67.3% to $10.09 billion from $6.03 billion a year ago. Net income in the quarter rose 306% to $6.5 billion or $2.35 per diluted share compared to net income of $1.6 billion or 78 cents per share a year ago.

Sales for the fiscal year 2009 rose 14.6% to $27.4 billion from $23.9 billion a year ago. Net income for the year rose 65.4% to $12.9 billion or $5.65 per diluted share compared to net income of $7.8 billion or $3.63 per share a year ago.

Merck & Co. Inc (MRK: chart) in the last one year traded as high as $41.56 in January 2010 and as low as $31.25 in April 2009. Based on the yesterday’s closing price of $36.92 the company has market cap of $112.77 billion.

Qwest Communications International Inc, the provider of data, Internet, video and voice services reported fourth quarter revenues fell 9% to $3.0 billion from $3.3 billion a year ago. Net income in the quarter fell 39% to $108 million or 6 cents per diluted share compared to net income of $177 million or 10 cents per share a year ago.

Revenues for the fiscal year 2009 fell 8.8% to $12.3 billion from $13.5 billion a year ago. Net income for the year rose 1.5% to $662 million or 38 cents per diluted share compared to net income of $652 million or 37 cents per share a year ago.

Qwest Communications International Inc (Q: chart) in the last one year traded as high as $4.87 in February 2009 and as low as $2.86 in March 2009. Based on the yesterday’s closing price of $4.43 the company has market cap of $7.65 billion.

Teva Pharmaceutical Industries Limited, the pharmaceutical company reported fourth quarter sales rose 33.3% to $3.80 billion from $2.85 billion a year ago. Net income in the quarter was $379 million or 42 cents per diluted share compared to net loss of $694 million or 88 cents per share a year ago.

Net sales for the fiscal year 2009 rose 25% to $13.9 billion from $11.1 billion a year ago. Net income for the year rose 228.4% to $2.0 billion or $2.23 per diluted share compared to net income of $609 million or 75 cents per share a year ago.

Teva Pharmaceutical Industries Limited (TEVA: chart) in the last one year traded as high as $59.62 in January 2010 and as low as $42.67 in April 2009. Based on the yesterday’s closing price of $58.86 the company has market cap of $52.08 billion.

The PMI Group, Inc., a mortgage insurer reported fourth quarter revenues rose 31% to $249.8 million from $191.0 million a year ago. Net loss in the quarter was $228.2 million or $2.76 per diluted share compared to net loss of $178.8 million or $2.19 per share a year ago.
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Market data: BATS Exchange. Inc.

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