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Earnings Analysis: 
Yahoo! Net Up; Canadian National Railway Net Falls
Author: Trupti Mehta
123jump.com
Last Update: 7:50 AM ET October 21 2009


Yahoo! Inc third quarter sales fell 11.7% to $1.58 billion and net income rose 242.7% to $186.1 million or 13 cents a share. Canadian National Railway Company third quarter revenues fell 18% to $1.85 billion and net income fell 16.5% to $461 million or 97 cents a share.

 
[R]7:50AM New York - Yahoo! Inc sales fell 11.7% and net income rose 242.7%. Canadian National Railway Company revenues fell 18% and net income fell 16.5%.[/R]

Canadian National Railway Company, the railroad transportation company said third quarter revenues fell 18% to $1.85 billion from $2.26 billion a year ago. Net income in the quarter fell 16.5% to $461 million or 97 cents per diluted share compared to net income of $552 million or $1.16 per share a year ago.

Canadian National Railway Company (CNI: chart) in the last one year traded as high as $53.12 in October 2009 and as low as $29.39 in January 2009. Based on the yesterday’s closing price of $52.45 the company has market cap of $24.60 billion.

Cascade Financial Corporation, a bank said third quarter net interest income fell 15% to $10.9 million from $12.8 million a year ago. Net income in the quarter was $1.0 million or 9 cents per diluted share compared to net loss of $6.6 million or 55 cents per share a year ago.

Cascade Financial Corporation (CASB: chart) in the last one year traded as high as $7.75 in November 2008 and as low as $1.46 in March 2009. Based on the yesterday’s closing price of $1.48 the company has market cap of $17.92 million.

Cree, Inc, the lighting manufacturer said first quarter revenues rose 20.4% to $169.1 million from $140.4 million a year ago. Net income in the quarter rose 256% to $21 million or 23 cents per diluted share compared to net income of $5.9 million or 7 cents per share a year ago.

Cree, Inc (CREE: chart) in the last one year traded as high as $41.80 in October 2009 and as low as $12.57 in December 2008. Based on the yesterday’s closing price of $41.16 the company has market cap of $3.69 billion.

drugstore.com, inc., an online retailer said third quarter sales rose 10.3% to $96.8 million from $87.8 million a year ago. Net loss in the quarter was $1.6 million or 2 cents per diluted share compared to net loss of $3.6 million or 4 cents per share a year ago.

drugstore.com, inc. (DSCM: chart) in the last one year traded as high as $2.75 in October 2009 and as low as $0.65 in November 2008. Based on the yesterday’s closing price of $2.66 the company has market cap of $265.70 million.

Nabors Industries Limited, the petroleum driller said third quarter revenues fell 44.2% to $803.6 million from $1.44 billion a year ago. Net income in the quarter fell 84.8% to $29.5 million or 10 cents per diluted share compared to net income of $194 million or 67 cents per share a year ago.

Nabors Industries Limited (NBR: chart) in the last one year traded as high as $22.95 in October 2009 and as low as $8.25 in March 2009. Based on the yesterday’s closing price of $22.41 the company has market cap of $6.37 billion.

NuVasive, Inc, the medical device maker said third quarter revenues rose 42% to $94.9 million from $66.9 million a year ago. Net income in the quarter was $5.1 million or 13 cents per diluted share compared to net loss of $23.1 million or 64 cents per share a year ago.

NuVasive, Inc (NUVA: chart) in the last one year traded as high as $49.95 in November 2008 and as low as $24.17 in March 2009. Based on the yesterday’s closing price of $43.81 the company has market cap of $1.65 billion.

SanDisk Corporation, the maker of flash memory cards said third quarter revenues rose 14% to $935.2 million from $821.5 million a year ago. Net income in the quarter was $231.3 million or 99 cents per diluted share compared to net loss of $165.9 million or 74 cents per share a year ago.

SanDisk Corporation (SNDK: chart) in the last one year traded as high as $23.20 in September 2009 and as low as $5.07 in November 2008. Based on the yesterday’s closing price of $21.48 the company has market cap of $4.88 billion.

Sonic Corp., a chain of drive-in restaurants said fourth quarter revenues fell 23.4% to $173.8 million from $226.9 million a year ago. Net income in the quarter fell 16.3% to $16.9 million or 28 cents per diluted share compared to net income of $20.2 million or 33 cents per share a year ago.

Comparable same-store sales declined 4.5%.

Revenues for the fiscal year 2009 fell 10.7% to $718.8 million from $804.7 million a year ago. Net income for the year fell 18% to $49.4 million or 81 cents per diluted share compared to net income of $60.3 million or 97 cents per share a year ago.

Sonic Corp. (SONC: chart) in the last one year traded as high as $12.86 in January 2009 and as low as $5.78 in March 2009. Based on the yesterday’s closing price of $11.17 the company has market cap of $681.85 million.

TESSCO Technologies Incorporated, a provider of integrated product and supply chain solutions said second quarter revenues fell 7.4% to $133 million from $143.7 million a year ago. Net income in the quarter rose 18.2% to $2.6 million or 51 cents per diluted share compared to net income of $2.2 million or 44 cents per share a year ago.
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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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