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DAILY EARNINGS

Cimarex Net Drops, Bruker Net Plunges 67%


Author: Mukesh Buch
ticker.com
Last Update: 10:08 AM ET February 19 2013

10:45 AM New York American Electric Power fourth quarter net tumbled 93% to $21 million. Campbell Soup second quarter net slipped 7% to $190 million. CBS Corp fourth quarter net climbed 6% to $393 million. Kraft Foods fourth quarter net tumbled 72% to $89 million. Smucker third quarter net surged 32% to $154.2 million.

Earnings Review

Armstrong World Industries, Inc. (AWI), the flooring producer reported sales in the fourth quarter ending in December increased decreased 1.6% to $612.8 million from $623 million in the same period of last year. Net income in the quarter dropped 6.1% to $9.2 million or 15 cents a diluted share compared to $9.8 million or 16 cents a share a year ago earlier.

The company expects full year sales in the range of $2.7 billion to $2.8 billion and adjusted earnings per share between $2.30 and $2.60 per diluted share.

Asbury Automotive Group, Inc (ABG), the automotive retailer said revenues in the fourth quarter ending in December jumped 15% to $1.22 billion from $1.06 billion in the same period of last year. Net earnings in the quarter jumped 6% to $22.8 million or 73 cents a diluted share compared to $21.5 million or 68 cents a share a year ago period.

The retailer said revenues in the quarter of new vehicle climbed 21% and used vehicle retail revenues increased 5%. Finance and insurance revenues surged 23%.

Bruker Corporation (BRKR), the global scientific instruments maker stated revenue in the fourth quarter ending in December surged 9% to $517.3 million from $475.1 million in the same period of last year. Net income in the quarter plunged 67% to $12.8 million or 8 cents diluted per share compared to $39.1 million or 23 cents a share a year ago period.

Cimarex Energy Co. (XEC), the oil and gas exploration and production maker said total revenues in the fourth quarter ending in October increased 3% to $429.8 million from $417.5 million in the same period of last year. Net income in the quarter declined 15% to $99.2 million or $1.14 diluted per share compared to $116.9 million or $1.36 a share a year ago quarter.

Medtronic, Inc. (MDT), the medical equipments maker reported revenues in the third quarter ending in December grew 4% to $4.03 billion from $3.92 billion in the same period of last year. Net earnings in the quarter climbed 6% to $988 million or 97 cents a diluted share compared to $935 million or 88 cents a share a year ago.

Medtronic added international revenue in the third quarter increased 7% to $1.856 billion. Cardiac rhythm disease management revenue slid 1% to $1.17 billion and coronary revenue surged 19% to $445 million. Structural heart segment revenue grew 4% to $272 million and endovascular segment revenue jumped 14% to $212 million.

The company reiterated revenue growth for fiscal year in the range of 3% to 4% and diluted earnings per share between $3.66 and $3.70.

NiSource Inc. (NI), the energy holding company said total revenue in the fourth quarter ending in December surged 9% to $973.2 million from $896.6 million in the same period of last year. Net income in the quarter surged more than eight-fold to $134 million or 43 cents diluted per share compared to $14.6 million or 4 cents a share a year ago earlier.

Omnicare, Inc. (OCR), the healthcare services company stated net sales in the fourth quarter ending in December decreased 2% to $1.53 billion from $1.56 billion in the same period of last year. Net income in the quarter surged 90% to $59 million or 54 cents a diluted share compared to $31 million or 27 cents a share a year ago period.

Sealed Air Corporation (SEE), the food packaging company reported net sales in the fourth quarter ending in December rose 1% to $1.98 billion from $1.96 billion in the same period of last year. Net earnings in the quarter swung to $173.6 million or 89 cents a diluted share compared to net loss of $49.2 million or 25 cents a share a year ago.

The company estimated full year net sales in the range of nearly $7.7 billion to $7.9 billion and adjusted earnings per share between $1.10 and $1.20.

Wolverine World Wide, Inc. (WWW), the footwear and apparel maker stated revenue in the fourth quarter ending in December soared 60% to $652.2 million from $406.5 million in the same period of last year. Net loss in the quarter swung to $3.72 million or 8 cents diluted per share compared to net earnings of $23 million or 47 cents a share a year ago earlier.
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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