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Earnings Analysis: 
MetLife Net Falls 70%; Fiserv Net Rises 90%
Author: Mita Yagnik
123jump.com
Last Update: 4:25 AM ET February 03 2010


MetLife, Inc fourth quarter revenues fell 12% to $12.3 billion and net income fell 70% to $289 million or 35 cents a share. Fiserv, Inc fourth quarter revenues rose 2% to $1.06 billion and net income rose 90.3% to $118 million or 76 cents a share.

 
[R][4:10AM New York - MetLife, Inc revenues fell 12% and net income fell 70%. Fiserv, Inc revenue rose 2% and net income rose 90.3%.[/R]

ACE Limited, the property and casualty insurer said fourth quarter net premiums written rose 8.5% to $3.31 billion from $3.05 billion a year ago. Net income in the quarter was $953 million or $2.81 per diluted share compared to net income of $20 million or 6 cents per share a year ago.

Net premiums written for the fiscal year 2009 rose 1.5% to $13.3 billion from $13.1 billion a year ago. Net income for the year rose 108.3% to $2.5 billion or $7.55 per diluted share compared to net income of $1.2 billion or $3.50 per share a year ago.

ACE Limited (ACE: chart) in the last one year traded as high as $55.64 in October 2009 and as low as $30.92 in March 2009. Based on the yesterday's closing price of $49.56 the company has market cap of $16.67 billion.

Alliance Data Systems Corporation, the provider of card services to retailers and wholesalers said fourth quarter revenues rose 7.5% to $545.9 million from $507.6 million a year ago. Net income in the quarter fell 10% to $40.7 million or 73 cents per diluted share compared to net income of $45.3 million or 68 cents per share a year ago.

Total revenues for the fiscal year 2009 fell 3.4% to $1.96 billion from $2.03 billion a year ago. Net income for the year fell 30.4% to $143.7 million or $2.49 per diluted share compared to net income of $206.4 million or $2.80 per share a year ago.

Alliance Data Systems Corporation (ADS: chart) in the last one year traded as high as $69.09 in October 2009 and as low as $22.76 in March 2009. Based on the yesterday's closing price of $61.46 the company has market cap of $3.21 billion.

Arthur J. Gallagher & Co, the insurance broker said fourth quarter revenues rose 5.6% to $435.1 million from $412.1 million a year ago. Net income in the quarter rose 257.4% to $16.8 million or 16 cents per diluted share compared to net income of $4.7 million or 5 cents per share a year ago.

Total revenues for the fiscal year 2009 fell 4.6% to $1.73 billion from $1.65 billion a year ago. Net income for the year rose 66.4% to $128.6 million or $1.28 per diluted share compared to net income of $77.3 million or 82 cents per share a year ago.

Arthur J. Gallagher & Co (AJG: chart) in the last one year traded as high as $25.00 in September 2009 and as low as $14.80 in February 2009. Based on the yesterday's closing price of $22.70 the company has market cap of $2.31 billion.

BRE Properties, Inc, the real estate investment trust said fourth quarter revenues fell 1.6% to $85.5 million from $86.9 million a year ago. Net loss in the quarter was $7.2 million or 13 cents per diluted share compared to net income of $55.7 million or $1.08 per share a year ago.

Total revenues for the fiscal year 2009 fell 0.2% to $344.6 million from $345.3 million a year ago. Net income for the year fell 59% to $50.6 million or 95 cents per diluted share compared to net income of $122.8 million or $2.36 per share a year ago.

BRE Properties, Inc (BRE: chart) in the last one year traded as high as $35.21 in December 2009 and as low as $17.04 in March 2009. Based on the yesterday's closing price of $33.11 the company has market cap of $1.80 billion.

Ctrip.com International, Ltd, the travel service provider said fourth quarter revenues rose 42.7% to Rmb 565.7 million from Rmb 396.3 million a year ago. Net income in the quarter rose 56.6% to Rmb 190.2 million or Rmb 1.32 per ADS compared to net income of Rmb 121.4 million or Rmb 0.89 per ADS a year ago.

Net revenues for the fiscal year 2009 rose 34.4% to Rmb 1.99 billion from Rmb 1.48 billion a year ago. Net income for the year rose 48.4% to Rmb 659 million or Rmb 4.67 per ADS compared to net income of Rmb 444.1 million or Rmb 3.23 cents per ADS a year ago.

Ctrip.com International, Ltd (CTRP: chart) in the last one year traded as high as $72.66 in December 2009 and as low as $9.19 in February 2009. Based on the yesterday's closing price of $33.23 the company has market cap of $4.45 billion.

Fiserv, Inc, the provider of information management and electronic commerce systems and services said fourth quarter revenues rose 2% to $1.06 billion from $1.04 billion a year ago. Net income in the quarter rose 90.3% to $118 million or 76 cents per diluted share compared to net income of $62 million or 39 cents per share a year ago.

Total revenues for the fiscal year 2009 fell 11% to $4.08 billion from $4.59 billion a year ago. Net income for the year fell 16.3% to $476 million or $3.06 per diluted share compared to net income of $569 million or $3.49 per share a year ago.

Fiserv, Inc (FISV: chart) in the last one year traded as high as $50.91 in July 2009 and as low as $29.46 in March 2009. Based on the yesterday's closing price of $46.40 the company has market cap of $7.14 billion.

JDS Uniphase Corporation, the maker of optical communications equipment and testing gear said second quarter revenues fell 3% to $342.9 million from $353.8 million a year ago. Net loss in the quarter was $19.5 million or 9 cents per diluted share compared to net loss of $722.9 million or $3.36 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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