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1:00PM New York - AMB Property Corporation revenue fell 2% and net income fell 61%. CIT Group Inc revenue fell 12.5% and net loss was $317 million. Continental Airlines, Inc revenue rose 9% net loss was $236 million.[/R]
AMB Property Corporation, a global developer and owner of industrial real estate company reported third quarter revenues fell 2% to $162.5 million from $165.36 million a year ago. Net income in the quarter fell 61% to $28.15 million or 24 cents per diluted share compared to net income of $73.11 million or 69 cents per share, a year ago.
AMB Property Corporation (
AMB: chart) in the last one year traded as high as $65.35 in October 2007 and as low as $26.56 in October 2008. Based on the yesterday’s closing price the company has a market cap of $2.71 billion.
BB&T Corporation, a financial holding company reported net income in the third quarter fell 19.4% to $358 million or 65 cents per diluted share compared to net income of $444 million or 80 cents per share, a year ago.
BB&T Corporation (
BBT: chart) in the last one year traded as high as $45.31 in September 2008 and as low as $18.71 in July 2008. Based on the yesterday’s closing price the company has a market cap of $17.67 billion.
The Bank of New York Mellon Corporation, a global financial services company reported net income in the third quarter fell 53% to $303 million or 26 cents per diluted share compared to net income of $640 million or 56 cents per share, a year ago.
The Bank of New York Mellon Corporation (
BK: chart) in the last one year traded as high as $50.26 in December 2007 and as low as $22.61 in October 2008. Based on the yesterday’s closing price the company has a market cap of $33.52 billion.
CIT Group Inc, a global commercial finance company reported third quarter revenues fell 12.5% to $1.40 billion from $1.60 billion a year ago. Net loss in the quarter was $317 million or $1.11 per diluted share compared to net income of $46 million or 24 cents per share, a year ago.
CIT Group Inc (
CIT: chart) in the last one year traded as high as $39.28 in October 2007 and as low as $3.92 in October 2008. Based on the yesterday’s closing price the company has a market cap of $1.34 billion.
Citigroup Inc, a diversified global financial services holding company reported net loss in the third quarter was $2.82 billion or 60 cents per diluted share compared to net income of $2.21 billion or 44 cents per share, a year ago.
The company eliminated 11,000 employees and so far in the year has laid-off 23,000 staff. Citi wrote down $4.4 billion in investment and $4.9 billion in credit losses. The company in the last four quarters has taken $50.8 billion in loan losses tied to mortgage loans and sold-off $308 billion in assets.
Citi at the end of the quarter had $2.05 trillion in assets lower than $2.25 trillion in assets held by JP Morgan Chase but above $1.91 trillion held by Bank of America.
Citigroup Inc (
C: chart) in the last one year traded as high as $46.24 in October 2007 and as low as $12.00 in October 2008. Based on the yesterday’s closing price the company has a market cap of $83.38 billion.
Continental Airlines, Inc, the nation''s fourth-largest airline reported third quarter revenues rose 9% to $4.16 billion from $3.82 billion a year ago. Net loss in the quarter was $236 million or $2.14 per diluted share compared to net income of $241 million or $2.15 per share, a year ago.
Continental Airlines, Inc (
CAL: chart) in the last one year traded as high as $36.75 in October 2007 and as low as $5.91 in July 2008. Based on the yesterday’s closing price the company has a market cap of $1.41 billion.
Fairchild Semiconductor International, Inc, a global supplier of semiconductor products reported third quarter sales rose 2.3% to $428.3 million from $418.7 million a year ago. Net income in the quarter rose 287% to $26.7 million or 21 cents per diluted share compared to net income of $6.9 million or 5 cents per share, a year ago.
Fairchild Semiconductor International, Inc (
FCS: chart) in the last one year traded as high as $19.54 in October 2007 and as low as $5.92 in October 2008. Based on the yesterday’s closing price the company has a market cap of $757.51 million.
Huntington Bancshares Incorporated, a multi-state diversified financial holding company reported net interest income declined to $388.64 million from $409.63 million. Net income in the third quarter fell 17% to $115.2 million or 28 cents per diluted share compared to net income of $138.2 million or 38 cents per share, a year ago.
The company lowered its annual earnings outlook to between $1.12 and 1.16 a share from $1.25 and $1.35 a share previously estimated.
Huntington Bancshares Incorporated (
HBAN: chart) in the last one year traded as high as $18.09 in October 2007 and as low as $4.37 in July 2008. Based on the yesterday’s closing price the company has a market cap of $3.15 billion.
Knoll, Inc, the office furniture maker reported third quarter sales rose 11.6% to $283.5 million from $254.0 million a year ago. Net income in the quarter rose 31% to $24.1 million or 52 cents per diluted share compared to net income of $18.4 million or 37 cents per share, a year ago.