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DAILY EARNINGS

Roper Net Climbs 15%; Chrysler, Loews Net Drop


Author: Mukesh Buch
ticker.com
Last Update: 11:32 AM ET April 29 2013

10:45 AM New York Boardwalk first quarter net climbed 10% to $101.4 million. CNA Financial first quarter net was flat at $250 million. Chrysler first quarter net tumbled 65% to $166 million. Health Net first quarter net swung to $50.1 million profit. Loews first quarter net plunged 34% to $242 million.

Earnings Review

Boardwalk Pipeline Partners, LP (BWP), the natural gas pipeline and storage reported total revenue in the first quarter ending in March surged 5% to $328.5 million. Net income in the quarter climbed 10% to $101.4 million or 42 cents a diluted share compared to $92.6 million or 43 cents.

CNA Financial Corporation (CAN), the holding company stated net written premiums in the first quarter ending in March jumped 11% to $1.78 billion. Net income in the quarter flat at $250 million and diluted earnings per share was flat at 93 cents.

Chrysler Group LLC, the auto maker reported net revenue in the first quarter ending in March dropped 6% to $16.4 billion. Net income in the quarter tumbled 65% to $166 million compared to $473 million a year ago period.

The company said revised operating profit in the first quarter declined $435 million from $740 million a year earlier.

Chrysler confirmed its annual guidance and estimated worldwide shipments of 2.6 million to 2.7 million and net revenue between of $72 billion and $75 billion.

Energen Corporation (EGN), the energy holding company said total revenues in the first quarter ending in March climbed 18% to $492.7 million. Net income in the quarter decreased 1% to $56.7 million or 78 cents a diluted share compared to $57.4 million or 79 cents.

For the year, Energen expects net income remains unchanged and diluted earnings per share in the range of $3.34 to $3.74.

Health Net, Inc. (HNT), the health care service provider said total revenues in the first quarter ending in March slid 1% to $2.80 billion. Net income in the quarter swung to $50.1 million or 62 cents a diluted share compared to net loss of $26.6 million or 32 cents.

Health Net lifted its full year earnings per diluted share guidance in the range of $2.20 to $2.30.

Loews Corporation (L), the holding company reported net sales in the first quarter ending in March were flat at $3.71 billion. Net income in the quarter plunged 34% to $242 million or 62 cents a diluted share compared to $367 million or 92 cents.

Roper Industries, Inc. (ROP), the technology products maker stated net sales in the first quarter ending in March rose 4% to $737.1 million. Net earnings in the quarter climbed 15.3% to $124.9 million or $1.25 a diluted share compared to $108.3 million or $1.09.

Roper lifted full year non-GAAP diluted earnings per share guidance range between $5.60 and $5.82 to between $5.76 and $5.94.

UNS Energy Corporation (UNS), the said total revenues in the first quarter ending in March advanced 5% to $332.14 million. Net income in the quarter surged 75% to $11.3 million or 27 cents a diluted share compared to $6.48 million or 17 cents.

The company added operating income in the quarter jumped 16% $39.9 million.
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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