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Earnings Analysis: 
Tenaris Net Falls 60%; Magna Intl Sales Down
Author: Trupti Mehta
123jump.com
Last Update: 12:23 PM ET November 06 2009



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Tenaris S.A. third quarter sales fell 42.3% to $1.77 billion and net income fell 60% to $229.9 million or 19 cents a share. Magna International Inc third quarter sales fell 15.6% to $4.67 billion and net income was $51 million or 45 cents a share.

 
[R]6:00AM New York - Tenaris S.A sales fell 42.3% and net income fell 60%. Magna International Inc sales fell 15.6% and net income was $51 million.[/R]

InnerWorkings, Inc, a provider of managed print and promotional procurement solutions said third quarter revenues fell 19.5% to $98.2 million from $122.0 million a year ago. Net income in the quarter fell 70% to $1.7 million or 4 cents per diluted share compared to net income of $5.7 million or 12 cents per share a year ago.

InnerWorkings, Inc (INWK: chart) in the last one year traded as high as $7.25 in December 2008 and as low as $1.83 in March 2009. Based on the yesterday’s closing price of $5.01 the company has market cap of $228.23 million.

JDS Uniphase Corporation, the telecoms equipment maker said first quarter revenues fell 21% to $297.8 million from $377.2 million a year ago. Net loss in the quarter was $31.9 million or 15 cents per diluted share compared to net loss of $21.3 million or 10 cents per share a year ago.

JDS Uniphase Corporation (JDSU: chart) in the last one year traded as high as $8.38 in September 2009 and as low as $2.01 in March 2009. Based on the yesterday’s closing price of $6.07 the company has market cap of $1.35 billion.

Magna International Inc., the automotive supplier said third quarter sales fell 15.6% to $4.67 billion from $5.53 billion a year ago. Net income in the quarter was $51 million or 45 cents per diluted share compared to net loss of $215 million or $1.93 per share a year ago.

Magna International Inc. (MGA: chart) in the last one year traded as high as $51.96 in July 2009 and as low as $19.63 in March 2009. Based on the yesterday’s closing price of $44.20 the company has market cap of $4.98 billion.

NIC Inc, a provider of eGovernment services said third quarter revenues rose 50% to $37.3 million from $24.9 million a year ago. Net income in the quarter rose 32% to $4.1 million or 6 cents per diluted share compared to net income of $3.1 million or 5 cents per share a year ago.

NIC Inc (EGOV: chart) in the last one year traded as high as $9.34 in October 2009 and as low as $3.28 in November 2008. Based on the yesterday’s closing price of $8.65 the company has market cap of $545.39 million.

Tenaris S.A., the producer of seamless steel pipes for the energy industry said third quarter sales fell 42.3% to $1.77 billion from $3.07 billion a year ago. Net income in the quarter fell 60% to $229.9 million or 19 cents per diluted share compared to net income of $570.6 million or 48 cents per share a year ago.

Tenaris S.A. (TS: chart) in the last one year traded as high as $41.15 in October 2009 and as low as $14.82 in March 2009. Based on the yesterday’s closing price of $39.56 the company has market cap of $23.35 billion.

ViaSat, Inc, a producer of satellite and other wireless communications and networking systems said second quarter revenues rose 1% to $160.7 million from $159.3 million a year ago. Net income in the quarter fell 1% to $9.2 million or 28 cents per diluted share compared to net income of $9.3 million or 29 cents per share a year ago.

ViaSat, Inc (VSAT: chart) in the last one year traded as high as $31.58 in October 2009 and as low as $15.90 in March 2009. Based on the yesterday’s closing price of $29.97 the company has market cap of $947.37 million.

Zymogenetics, Inc, the biotechnology company said third quarter sales rose 131% to $27.5 million from $11.9 million a year ago. Net loss in the quarter was $11.4 million or 17 cents per diluted share compared to net loss of $28.8 million or 42 cents per share a year ago.

Zymogenetics, Inc (ZGEN: chart) in the last one year traded as high as $6.71 in September 2009 and as low as $2.06 in December 2008. Based on the yesterday’s closing price of $5.13 the company has market cap of $354.52 million.
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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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