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Earnings Analysis: 
The Gap Sales Fall; Intuit Net Loss
Author: Trupti Mehta
123jump.com
Last Update: 8:29 AM ET August 21 2009



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The Gap, Inc second quarter revenues fell 7% to $3.25 billion and net income fell 0.4% to $228 million or 33 cents a share. Intuit Inc fourth quarter revenues fell 0.5% to $475.8 million and net loss was $70.7 million or 22 cents a share.

 
[R]8:30AM New York - The Gap, Inc revenue fell 7% and net income fell 0.4%. Intuit Inc revenue fell 0.5% and net loss was $70.7 million.[/R]

Aeropostale, Inc, the teen apparel retailer said second quarter revenues rose 20% to $453 million from $377.1 million a year ago. Net income in the quarter rose 83% to $38.6 million or 57 cents per diluted share compared to net income of $21.1 million or 31 cents per share a year ago.

Comparable same store sales rose 12%.

Aeropostale, Inc (ARO: chart) in the last one year traded as high as $37.22 in May 2009 and as low as $12.75 in November 2008. Based on the yesterday’s closing price of $35.88 the company has market cap of $2.42 billion.

China Finance Online Co. Limited, Chinese online financial information and listed company data provider said second quarter revenues fell 16% to $12.28 million from $14.68 million a year ago. Net loss in the quarter was $2.40 million or 11 cents per ADS compared to net income of $4.56 million or 20 cents per ADS a year ago.

China Finance Online Co. Limited (JRJC: chart) in the last one year traded as high as $18.75 in August 2008 and as low as $5.92 in November 2008. Based on the yesterday’s closing price of $10.80 the company has market cap of $237.74 million.

Foot Locker, Inc, the athletic shoe and apparel retailer said second quarter revenues fell 16% to $1.10 billion from $1.30 billion a year ago. The company reported a break-even earnings performance for the second quarter August 2009 compared to net income of $18 million or 11 cents per share a year ago.

Foot Locker, Inc (FL: chart) in the last one year traded as high as $17.89 in September 2008 and as low as $5.49 in November 2008. Based on the yesterday’s closing price of $11.30 the company has market cap of $1.76 billion.

The Gap, Inc, the apparel chain said second quarter revenues fell 7% to $3.25 billion from $3.50 billion a year ago. Net income in the quarter fell 0.4% to $228 million or 33 cents per diluted share compared to net income of $229 million or 32 cents per share a year ago.

The Gap, Inc (GPS: chart) in the last one year traded as high as $19.97 in September 2008 and as low as $9.51 in November 2008. Based on the yesterday’s closing price of $18.85 the company has market cap of $13.14 billion.

Intuit Inc, the personal finance and business software maker said fourth quarter revenues fell 0.5% to $475.8 million from $478.2 million a year ago. Net loss in the quarter was $70.7 million or 22 cents per diluted share compared to net loss of $61.9 million or 19 cents per share a year ago.

Net revenues for the fiscal year 2009 rose 4% to $3.18 billion from $3.07 billion a year ago. Net income in the year fell 6.3% to $447 million or $1.35 per diluted share compared to net income of $476.8 million or $1.41 per share a year ago.

Intuit Inc (INTU: chart) in the last one year traded as high as $31.94 in September 2008 and as low as $20.19 in December 2008. Based on the yesterday’s closing price of $30.85 the company has market cap of $9.97 billion.

Nordson Corporation, the maker of precision dispensing equipment said third quarter revenues fell 28.5% to $206.3 million from $288.4 million a year ago. Net income in the quarter fell 26% to $24 million or 71 cents per diluted share compared to net income of $32.4 million or 93 cents per share a year ago.

Nordson Corporation (NDSN: chart) in the last one year traded as high as $71.77 in August 2008 and as low as $20.40 in March 2009. Based on the yesterday’s closing price of $49.83 the company has market cap of $1.67 billion.

Pacific Sunwear of California, Inc, a lifestyle specialty retailer said second quarter sales fell 22% to $242.8 million from $312.7 million a year ago. Net loss in the quarter was $14.2 million or 22 cents per diluted share compared to net income of $2.8 million or 4 cents per share a year ago.

Pacific Sunwear of California, Inc (PSUN: chart) in the last one year traded as high as $84.1 5 in September 2008 and as low as $0.82 in January 2009. Based on the yesterday’s closing price of $3.99 the company has market cap of $262.98 million.

Ship Finance International Limited, an international ship owning company said second quarter sales fell 27% to $88.2 million from $120.9 million a year ago. Net income in the quarter fell 25% to $53.5 million or 72 cents per diluted share compared to net income of $71.3 million or 98 cents per share a year ago.

Ship Finance International Limited (SFL: chart) in the last one year traded as high as $28.46 in August 2008 and as low as $4.76 in March 2009. Based on the yesterday’s closing price of $12.68 the company has market cap of $948.46 million.
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Market data: BATS Exchange. Inc.

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