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Earnings Analysis: 
Alcoa Drops 11%, Earnings Fall 52%
Author: 123jump.com Staff
123jump.com
Last Update: 12:35 AM ET October 08 2008



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Alcoa Inc reported third quarter revenues fell 2% to $7.23 billion and net income fell 52% to $268 million or 33 cents a share. Premier Exhibitions, Inc second quarter revenues fell 6% to $15.1 million and net income fell 84% to $0.9 million or 3 cents a share.

 
[R]10:00AM New York - Alcoa Inc revenue fell 2% and net income fell 52%. CalAmp Corp revenue fell 29% and net income fell 66%. Premier Exhibitions, Inc revenue fell 6% and net income fell 84%.[/R]

Alcoa Inc, the world''s third-largest aluminum producer said third quarter revenues fell 2% to $7.23 billion from $7.39 billion a year ago. Net income in the quarter fell 52% to $268 million or 33 cents per diluted share compared to net income of $555 million or 63 cents per share, a year ago.

Alcoa Inc (AA: chart) in the last one year traded as high as $44.77 in May 2008 and as low as $16.70 in October 2008. Based on the yesterday’s closing price the company has a market cap of $13.59 billion.

CalAmp Corp, a provider of wireless products, services and solutions said second quarter revenues fell 29% to $23.3 million from $32.7 million a year ago. Net income in the quarter fell 66% to $1.5 million or 6 cents per diluted share compared to net income of $4.37 million or 19 cents per share, a year ago.

CalAmp Corp (CAMP: chart) in the last one year traded as high as $4.50 in October 2007 and as low as $1.14 in October 2008. Based on the yesterday’s closing price the company has a market cap of $30.02 million.

Premier Exhibitions, Inc, a developer of touring museum quality exhibitions said second quarter revenues fell 6% to $15.1 million from $16.1 million a year ago. Net income in the quarter fell 84% to $0.9 million or 3 cents per diluted share compared to net income of $5.5 million or 17 cents per share, a year ago.

Premier Exhibitions, Inc (PRXI: chart) in the last one year traded as high as $15.51 in October 2007 and as low as $1.61 in October 2008. Based on the yesterday’s closing price the company has a market cap of $50.82 million.

Sealy Corporation, the largest mattress maker said third quarter revenues fell 9.3% to $405.0 million from $446.4 million a year ago. Net income in the quarter fell 49% to $10.9 million or 12 cents per diluted share compared to net income of $21.5 million or 22 cents per share, a year ago.

Sealy Corporation (ZZ: chart) in the last one year traded as high as $14.09 in November 2007 and as low as $4.00 in October 2008. Based on the yesterday’s closing price the company has a market cap of $368.63 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.

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