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DAILY EARNINGS

Carnival; McCormick Net Rises


Author: Trupti Mehta
ticker.com
Last Update: 10:11 AM ET March 24 2009

10:00AM New York - Carnival Corporation sales fell 9.4% and net income rose 10%. McCormick & Company, Incorporated sales fell 1% and net income rose 12%.

Carnival Corporation, the cruise operator reported first quarter sales fell 9.4% to $2.9 billion from $3.2 billion a year ago. Net income in the quarter rose 10% to $260 million or 33 cents per diluted share compared to net income of $236 million or 30 cents per share a year ago.

Carnival Corporation (CCL) in the last one year traded as high as $43.54 in April 2008 and as low as $14.85 in November 2008. Based on the yesterday''s closing price of $23.31 the company has market cap of $19.56 billion.

Commercial Metals Company, manufacture, recycle and market steel and metal products, related materials and services reported second quarter sales fell 30.4% to $1.6 billion from $2.3 billion a year ago. Net loss in the quarter was $35.3 million or 32 cents per diluted share compared to net income of $39.8 million or 34 cents per share a year ago.

Commercial Metals Company (CMC) in the last one year traded as high as $39.80 in June 2008 and as low as $6.25 in November 2008. Based on the yesterday''s closing price of $10.33 the company has market cap of $1.15 billion.

McCormick & Company, Incorporated, the spice maker reported first quarter sales fell 1% to $718.5 million from $724 million a year ago. Net income in the quarter rose 12% to $57.7 million or 44 cents per diluted share compared to net income of $51.4 million or 39 cents per share a year ago.

McCormick & Company, Incorporated (MKC) in the last one year traded as high as $42.06 in August 2008 and as low as $28.21 in November 2008. Based on the yesterday''s closing price of $30.62 the company has market cap of $4.06 billion.

Williams-Sonoma, Inc, the specialty retailer of products for the home reported fourth quarter revenues fell 27% to $1.01 billion from $1.37 billion a year ago. Net income in the quarter fell 90% to $12.2 million or 12 cents per diluted share compared to net income of $124.6 million or $1.15 per share a year ago.

Comparable same store sales fell 22%.

Net revenues for the fiscal year 2008 fell 13% to $3.4 billion from $3.9 billion a year ago. Net income for the year fell 85% to $30.0 million or 28 cents per diluted share compared to net income of $195.8 million or $1.76 per share a year ago.

Williams-Sonoma, Inc (WSM) in the last one year traded as high as $29.81 in May 2008 and as low as $4.35 in November 2008. Based on the yesterday''s closing price of $11.90 the company has market cap of $1.27 billion.
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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