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Earnings Analysis: 
Sears Holdings Net Loss; Ross Stores Net Rises 83%
Author: Mita Yagnik
123jump.com
Last Update: 10:28 AM ET November 19 2009


Sears Holdings Corporation third quarter sales fell 4.7% to $10.2 billion and net loss was $127 million or $1.09 a share. Ross Stores, Inc third quarter sales rose 11.5% to $1.74 billion and net income rose 83.4% to $105.1 million or 84 cents a share.

 
[R]10:00AM New York - Sears Holdings Corporation sales fell 4.7% and net loss was $127 million. Ross Stores, Inc sales rose 11.5% and net income rose 83.4%.[/R]

Brady Corporation, the identification products maker reported first quarter sales fell 15.8% to $318.5 million from $378.3 million a year ago. Net income in the quarter fell 41.5% to $21.7 million or 41 cents per diluted share compared to net income of $37.1 million or 69 cents per share a year ago.

Brady Corporation (BRC: chart) in the last one year traded as high as $33.10 in September 2009 and as low as $14.39 in March 2009. Based on the yesterday's closing price of $30.00 the company has market cap of $1.57 billion.

China Medical Technologies, Inc., a medical device company reported second quarter sales fell 14.4% to Rmb 166.1 million from Rmb 194 million a year ago. Net loss in the quarter was Rmb 47.1 million or Rmb 1.78 per ADS compared to net income of Rmb 117.7 million or Rmb 2.43 per ADS a year ago.

China Medical Technologies, Inc. (CMED: chart) in the last one year traded as high as $26.07 in June 2009 and as low as $11.41 in March 2009. Based on the yesterday's closing price of $15.15 the company has market cap of $486.42 million.

Dick's Sporting Goods, Inc., the sporting goods retailer reported third quarter sales rose 7% to $989.8 million from $924.2 million a year ago. Net income in the quarter rose 205% to $18.9 million or 16 cents per diluted share compared to net income of $6.2 million or 5 cents per share a year ago.

Dick's Sporting Goods, Inc. (DKS: chart) in the last one year traded as high as $26.00 in October 2009 and as low as $9.21 in November 2008. Based on the yesterday's closing price of $24.82 the company has market cap of $2.80 billion.

Helmerich & Payne, Inc, the drilling contractor of oil and gas wells reported fourth quarter revenues fell 38% to $362.2 million from $583.7 million a year ago. Net income in the quarter fell 59.3% to $51.5 million or 48 cents per diluted share compared to net income of $126.5 million or $1.18 per share a year ago.

Revenues for the fiscal year 2009 fell 7.4% to $1.89 billion from $2.04 billion a year ago. Net income for the year fell 23.4% to $353.5 million or $3.32 per diluted share compared to net income of $461.7 million or $4.34 per share a year ago.

Helmerich & Payne, Inc (HP: chart) in the last one year traded as high as $46.24 in October 2009 and as low as $17.01 in December 2008. Based on the yesterday's closing price of $38.18 the company has market cap of $4.03 billion.

New York & Company, Inc., a specialty retailer of women''s apparel reported third quarter sales fell 8.5% to $227.9 million from $249.0 million a year ago. Net loss in the quarter was $6.3 million or 11 cents per diluted share compared to net loss of $7.9 million or 13 cents per share a year ago.

Comparable same-store sales decreased 8.4%.

New York & Company, Inc. (NWY: chart) in the last one year traded as high as $6.11 in March 2009 and as low as $0.82 in November 2008. Based on the yesterday's closing price of $3.75 the company has market cap of $222.10 million.

Ross Stores, Inc, the apparel and home accessories retailer reported third quarter sales rose 11.5% to $1.74 billion from $1.56 billion a year ago. Net income in the quarter rose 83.4% to $105.1 million or 84 cents per diluted share compared to net income of $57.3 million or 44 cents per share a year ago.

Ross Stores, Inc (ROST: chart) in the last one year traded as high as $50.50 in October 2009 and as low as $21.70 in November 2008. Based on the yesterday's closing price of $46.07 the company has market cap of $5.76 billion.

School Specialty, Inc, an education company reported second quarter revenues fell 11.3% to $346.1 million from $390.3 million a year ago. Net income in the quarter fell 2.6% to $29.6 million or $1.57 per diluted share compared to net income of $30.4 million or $1.61 per share a year ago.

School Specialty, Inc (SCHS: chart) in the last one year traded as high as $25.29 in October 2009 and as low as $12.43 in March 2009. Based on the yesterday's closing price of $24.16 the company has market cap of $455.07 million.

Sears Holdings Corporation, the retailer reported third quarter sales fell 4.7% to $10.2 billion from $10.7 billion a year ago. Net loss in the quarter was $127 million or $1.09 per diluted share compared to net loss of $146 million or $1.16 per share a year ago.

Sears Holdings Corporation (SHLD: chart) in the last one year traded as high as $79.75 in August 2009 and as low as $26.80 in November 2008. Based on the yesterday's closing price of $75.77 the company has market cap of $9.00 billion.

Suntech Power Holdings Co., Ltd, the solar energy company reported third quarter revenues fell 20.4% to $473.1 million from $594.4 million a year ago. Net income in the quarter fell 30% to $29.8 million or 16 cents per diluted share compared to net income of $42.6 million or 25 cents per share a year ago.
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Market data: BATS Exchange. Inc.

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