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DAILY EARNINGS

Alcoa Net Swings to Profit, Apollo Group Net Declines


Author: Mukesh Buch
ticker.com
Last Update: 10:22 AM ET January 09 2013

10:45 AM New York Alcoa fourth quarter net swung to $242 million profit. AZZ third quarter net soared 15%. Apollo Group first quarter net dropped 11% to $133.5 million. Global Payments second quarter net soared 15% to $70.2 million. Shaw first quarter net jumped 16% to $235 million.

Earnings Review

Alcoa Inc. (AA), the aluminum producer reported revenue in the fourth quarter ending in December dropped 2% to $5.90 billion from $5.99 billion in the same period of last year. Net income the quarter swung to $242 million or 21 cents per diluted share compared to net loss of $191 million or 18 cents a share a year ago.

In 2013, Alcoa expects global aluminum demand growth of 7%, up from 6% in 2012.

AZZ incorporated (AZZ), the electrical equipments maker stated net sales in the third quarter ending in November advanced 29% to $149.7 million from $116.5 million in the same period of last year. Net income in the quarter soared 15% to $15.4 million or 60 cents per diluted share compared to $10 million or 39 cents a share a year ago period.

The AZZ said backlog at the end of third quarter was $215.8 million and the company revised fiscal year 2013 guidance for revenues to be in the range of $575 million to $585 million and earnings per diluted share between $2.35 and $2.45.

Apollo Group, Inc. (APOL), the education provider said net sales in the first quarter ending in November slipped 9% to $1.06 billion from $1.17 billion in the same period of last year. Net income in the quarter dropped 11% to $133.5 million or $1.18 per diluted share compared to $149.3 million or $1.14 a share a year ago earlier.

The company expects net revenue for fiscal year 2013 between $3.65 billion and $3.75 billion.

Celgene Corporation (CELG), the biopharmaceutical company estimated 2013 total net sales to increase 11.4% to $6 billion and REVLIMID net sales are expected to be in the range of $4.1 billion to $4.2 billion. Adjusted diluted earnings per share expected to increase 12% to 14% or in the range of $5.50 to $5.60.

Constellation Brands, Inc. (STZ), the beverage maker reported net sales in the third quarter ending in November jumped 9% to $766.9 million from $700.7 million in the same period of last year. Net income in the quarter surged 18% to $109.5 million or 58 cents per diluted share compared to $104.8 million or 52 cents a share a year ago period.

Global Payments Inc. (GPN), the electronic payment provider stated net sales in the second quarter ending in November jumped 11% to $588.5 million from $530.5 million in the same period of last year. Net income in the quarter soared 15% to $70.2 million or 89 cents a diluted share compared to $61.2 million or 78 cents a share a year ago quarter.

For the fiscal year 2013, the company expects annual revenue in the range of $2.36 billion to $2.40 billion or an increase between 7% and 9% from a year ago.

Shaw Communications Inc. (SJR), the Canada based diversified reported net sales in the first quarter ending in November grew 3% to $1.32 billion from $1.28 billion in the same period of last year. Net income in the quarter jumped 16% to $235 million or 49 cents per diluted share compared to $202 million or 43 cents a share a year ago.

The Shaw said cable division revenue rose 2% to $809 million and satellite revenue improved 2% to $214 million. Revenue in the media division increased almost 7% to $319 million.

WD-40 Company (WDFC), the consumer products provider said net sales in the first quarter ending in November climbed 12% to $95.3 million from $84.9 million in the same period of last year. Net income in the quarter surged 61% to $10.9 million or 69 cents a diluted share compared to $6.8 million or 42 cents a share a year ago earlier.

The company expects fiscal 2013 net sales between $356 million and $370 million and net income in the range of $36.5 million to $38 million and diluted earnings per share between $2.31 and $2.40.
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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