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8:30AM New York - Calamos Asset Management, Inc revenue fell 46% and net loss was $26.1 million. Cooper Industries, Ltd revenue fell 1.4% and net income fell 38%. Yahoo! Inc revenue fell 1% and net loss was $303 million. [/R]
Calamos Asset Management, Inc, provides investment advisory services to institutions and individuals said fourth quarter revenues fell 46% to $66.9 million from $124.5 million a year ago. Net loss in the quarter was $26.1 million or $1.24 per diluted share compared to net income of $9.3 million or 42 cents per share a year ago.
Revenues for the fiscal year 2008 fell 81% to $391.6 million from $473.5 million a year ago. Net loss for the year was $24.5 million or $1.19 per diluted share compared to net income of $27.8 million or $1.22 per share a year ago.
Calamos Asset Management, Inc (
CLMS: chart) in the last one year traded as high as $24.00 in September 2008 and as low as $2.55 in November 2008. Based on the yesterday’s closing price of $5.75 the company has market cap of $112.11 million.
Cooper Industries, Ltd, electrical equipment maker said fourth quarter revenues fell 1.4% to $1.52 billion from $1.54 billion a year ago. Net income in the quarter fell 38% to $111.1 million or 65 cents per diluted share compared to net income of $179.3 million or 98 cents per share a year ago.
Revenues for the fiscal year 2008 rose 10.5% to $6.52 billion from $5.90 billion a year ago. Net income for the year fell 8.7% to $632.2 million or $3.60 per diluted share compared to net income of $692.3 million or $3.73 per share a year ago.
Cooper Industries, Ltd (
CBE: chart) in the last one year traded as high as $49.64 in August 2008 and as low as $19.32 in November 2008. Based on the yesterday’s closing price of $27.65 the company has market cap of $5.65 billion.
Mercury Computer Systems, Inc, provides embedded computing systems and software said second quarter revenues fell 1.2% to $50.7 million from $51.3 million a year ago. Net loss in the quarter was $17.1 million or 77 cents per diluted share compared to net loss of $6.1 million or 28 cents per share a year ago.
Mercury Computer Systems, Inc (
MRCY: chart) in the last one year traded as high as $10.12 in July 2008 and as low as $2.21 in December 2008. Based on the yesterday’s closing price of $5.51 the company has market cap of $124.96 million.
United States Steel Corporation, an integrated steel producer said fourth quarter sales rose 0.7% to $4.57 billion from $4.54 billion a year ago. Net income in the quarter rose 780% to $308 million or $2.65 per diluted share compared to net income of $35 million or 29 cents per share a year ago.
Revenues for the fiscal year 2008 rose 41% to $23.8 billion from $16.9 billion a year ago. Net income for the year rose 142% to $2.13 billion or $18.11 per diluted share compared to net income of $879 million or $7.40 per share a year ago.
United States Steel Corporation (
X: chart) in the last one year traded as high as $196.00 in June 2008 and as low as $20.71 in November 2008. Based on the yesterday’s closing price of $31.49 the company has market cap of $3.66 billion.
Yahoo! Inc, the Internet portal said fourth quarter revenues fell 1% to $1.81 billion from $1.83 billion a year ago. Net loss in the quarter was $303 million or 22 cents per diluted share compared to net income of $206 million or 15 cents per share a year ago.
Revenues for the fiscal year 2008 rose 3% to $7.2 billion from $7 billion a year ago. Net income for the year fell 36% to $424 million or 29 cents per diluted share compared to net income of $660 million or 47 cents per share a year ago.
Yahoo! Inc (
YHOO: chart) in the last one year traded as high as $30.25 in February 2008 and as low as $8.94 in November 2008. Based on the yesterday’s closing price of $11.34 the company has market cap of $15.71 billion.