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Earnings Analysis: 
Qualcomm Net Loss; Verizon Net Rises
Author: Trupti Mehta
123jump.com
Last Update: 9:31 AM ET April 27 2009


Qualcomm Incorporated second quarter sales fell 5.4% to $2.46 billion and net loss was $289 million or 18 cents a share. Verizon Communications Inc first quarter revenues rose 12% to $26.59 billion and net income rose 5% to $3.21 billion or 58 cents a share.

 
[R]10:00AM New York - Qualcomm Incorporated sales fell 5.4% and net loss was $289 million. Verizon Communications Inc revenue rose 12% and net income rose 5%.[/R]

Advantest Corporation, a Japan-based manufacturing company reported full year sales rose 138.3% to ¥182.8 million from ¥76.7 million a year ago. Net income in the quarter was ¥16.6 million or ¥90.57 per diluted share compared to net loss of ¥74.9 million or ¥419.09 per share a year ago.

Advantest Corporation (ATE: chart) in the last one year traded as high as $29.32 in April 2008 and as low as $10.64 in November 2008. Based on the Friday’s closing price of $16.19 the company has market cap of $2.89 billion.

Alberto Culver Company, the manufacturer and marketer of personal care products reported second quarter sales fell 1.4% to $344.3 million from $349.4 million a year ago. Net income in the quarter fell 3.3% to $28.08 million or 28 cents per diluted share compared to net income of $29.03 million or 28 cents per share a year ago.

Alberto Culver Company (ACV: chart) in the last one year traded as high as $29.40 in September 2008 and as low as $19.32 in November 2008. Based on the Friday’s closing price of $22.86 the company has market cap of $2.24 billion.

BE Aerospace, Inc, the world''s biggest supplier of aircraft interior products reported first quarter revenues rose 10.7% to $523.7 million from $473.2 million a year ago. Net income in the quarter fell 22% to $37.9 million or 38 cents per diluted share compared to net income of $48.5 million or 53 cents per share a year ago.

BE Aerospace, Inc (BEAV: chart) in the last one year traded as high as $43.51 in May 2008 and as low as $5.37 in December 2008. Based on the Friday’s closing price of $12.96 the company has market cap of $1.31 billion.

Check Point Software Technologies Ltd, the Internet security software firm reported first quarter revenues rose 1.8% to $195 million from $191.6 million a year ago. Net income in the quarter rose 3.4% to $80.9 million or 38 cents per diluted share compared to net income of $78.3 million or 36 cents per share a year ago.

Check Point Software Technologies Ltd (CHKP: chart) in the last one year traded as high as $25.81 in August 2008 and as low as $16.80 in October 2008. Based on the Friday’s closing price of $25.18 the company has market cap of $5.29 billion.

Humana Inc, the health insurer reported first quarter revenues rose 11% to $7.71 billion from $6.96 billion a year ago. Net income in the quarter rose 156.5% to $205.7 million or $1.22 per diluted share compared to net income of $80.2 million or 47 cents per share a year ago.

Humana Inc (HUM: chart) in the last one year traded as high as $51.85 in May 2008 and as low as $18.57 in March 2009. Based on the Friday’s closing price of $27.36 the company has market cap of $4.64 billion.

Lorillard, Inc, the maker of Newport cigarettes reported first quarter revenues fell 0.4% to $917 million from $921 million a year ago. Net income in the quarter rose 5.7% to $184 million or $1.09 per diluted share compared to net income of $174 million or $1.00 per share a year ago.

Lorillard, Inc (LO: chart) in the last one year traded as high as $79.00 in September 2008 and as low as $52.50 in January 2009. Based on the Friday’s closing price of $62.60 the company has market cap of $10.53 billion.

Qualcomm Incorporated, the cell phone chip supplier reported second quarter sales fell 5.4% to $2.46 billion from $2.6 billion a year ago. Net loss in the quarter was $289 million or 18 cents per diluted share compared to net income of $766 million or 47 cents per share a year ago.

Qualcomm Incorporated (QCOM: chart) in the last one year traded as high as $56.88 in August 2008 and as low as $28.16 in November 2008. Based on the Friday’s closing price of $41.36 the company has market cap of $68.22 billion.

Travelzoo Inc, an internet media company reported first quarter revenues rose 12% to $23.4 million from $20.9 million a year ago. Net income in the quarter was $0.3 million or 2 cents per diluted share compared to net loss of $1.0 million or 7 cents per share a year ago.

Travelzoo Inc (TZOO: chart) in the last one year traded as high as $13.20 in April 2008 and as low as $3.72 in January 2009. Based on the Friday’s closing price of $7.10 the company has market cap of $116.75 million.

Verizon Communications Inc, the second-largest telecommunications provider reported first quarter revenues rose 12% to $26.59 billion from $23.83 billion a year ago. Net income in the quarter rose 5% to $3.21 billion or 58 cents per diluted share compared to net income of $3.05 billion or 57 cents per share a year ago.

Verizon Communications Inc (VZ: chart) in the last one year traded as high as $39.94 in May 2008 and as low as $23.07 in October 2008. Based on the Friday’s closing price of $31.00 the company has market cap of $88.04 billion.

Whirlpool Corporation, the home appliance maker reported first quarter revenues fell 23% to $3.57 billion from $4.61 billion a year ago. Net income in the quarter fell 28% to $68 million or 91 cents per diluted share compared to net income of $94 million or $1.22 per share a year ago.
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Market data: BATS Exchange. Inc.

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