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Earnings Analysis: 
Caterpillar, BJ, Baker Hughes Up
Author: 123jump.com Staff
123jump.com
Last Update: 11:35 AM ET July 22 2008


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BJ Services, Baker Hughes and Caterpillar rise after the release of eanring. BJ Services, an oil field services provider third quarter revenue rose 4% to $1.33 billion and net income rose 12% to $141.80 million or 48 cents per share. Another company in the industry, Baker Hughes second quarter rose 18% to $3 billion and net income increased 8.4% to $379.3 million or $1.23 per share.

 
[R]10:30AM New York – BJ Services, Baker Hughes, du Pont and Caterpillar rose after the earnings releases.[/R]

BJ Services Company, an oilfield services provider reported third quarter revenues increased 4% to $1.33 billion from $1.28 billion a year ago. Net income in the quarter increased 12% to $141.8 million or 48 cents per diluted share compared to net income of $168.3 million or 57 cents per share, a year ago.

BJ Services rose $2.10 to $32.11 in the morning trading and in the last one year traded as high as $33.72 in April 2008 and as low as $19.30 in January 2008. Based on the yesterday’s closing price the company has a market cap of $8.82 billion.

Canadian Pacific Railway Limited one of the leading rail road operators in Canada and the United States reported second quarter revenues increased 0.81% to $1.22 billion from $1.21 billion a year ago. Net income in the quarter decreased 40% to $155 million or $1.00 per diluted share compared to net income of $257 million or $1.64 per share, a year ago.

Canadian Pacific Railway Limited (CP: chart) fell $4.19 to $62.41 in the morning trading and in the last one year traded as high as $83.46 in July 2007 and as low as $55.37 in January 2008. Based on the yesterday’s closing price the company has a market cap of $10.22 billion.

Caterpillar Inc, construction and mining equipment leader reported second quarter revenues jumped 20% to $13.16 billion from $11.4 billion a year ago. Net income in the period jumped 34% to $1.11 billion or $1.74 per diluted share compared to net income of $823 million or $1.24 per share, a year ago.

Caterpillar rose $2.32 to $75.55 and in the last one year traded as high as $85.96 in April 2008 and as low as $59.60 in January 2008. Based on the yesterday’s closing price the company has a market cap of $45.05 billion.

Baker Hughes Incorporated, an oil field services firm reported second quarter revenues rose 18% to $3 billion from $2.53 billion a year ago. Net income in the quarter rose 8.4% to $379.3 million or $1.23 per diluted share compared to net income of $349.6 million or $1.09 per share, a year ago.

Baker Hughes Incorporated (BHI: chart) added $3.50 to $87.91 in the morning trading and in the last one year traded as high as $100.29 in October 2007 and as low as $62.65 in February 2008. Based on the yesterday’s closing price the company has a market cap of $25.98 billion.

Check Point Software Technologies Ltd, the worldwide leader in securing the Internet reported second quarter revenues increased 13% to $199.6 million from $176.2 million a year ago. Net income in the quarter rose 14% to $79.2 million or 36 cents per diluted share compared to net income of $69.5 million or 31 cents per share, a year ago.

Check Point Software Technologies Ltd (CHKP: chart) rose 37 cents to $23.82 in the morning trading and in the last one year traded as high as $26.79 in October 2007 and as low as $20.00 in February 2008. Based on the yesterday’s closing price the company has a market cap of $5.13 billion.

du Pont de Nemours and Company, Chemicals maker reported second quarter sales increased 11% to $8.83 billion from $7.88 billion a year ago. Net income in the quarter was $1.08 billion or $1.18 per diluted share compared to net income of $972 million or $1.04 per share, a year ago.

du Pont de Nemours and Company (DD: chart) rose $1.14 to $45.20 in the morning and in the last one year traded as high as $53.48 in April 2008 and as low as $40.43 in July 2008. Based on the yesterday’s closing price the company has a market cap of $39.68 billion.

Halliburton Company, an oilfield services provider reported second quarter revenues rose 16.74% to $4.48 billion from $3.73 billion a year ago. Net income in the quarter falls 67% to $507 million or 55 cents per diluted share compared to net income of $1.53 billion or $1.62 per share, a year ago.

Halliburton Company (HAL: chart) fell $2.26 to $46.58 in the morning trading and in the last one year traded as high as $55.38 in July 2008 and as low as $30.00 in January 2008. Based on the yesterday’s closing price the company has a market cap of $42.67 billion.

United Parcel Service, Inc, a global package delivery company reported second quarter revenues rose 6.7% to $13 billion from $12.2 billion a year ago. Net income in the quarter declined 20.9% to $873 million or 85 cents per diluted share compared to net income of $1.1 billion or $1.04 per share, a year ago.

United Parcel Service, Inc (UPS: chart) rose $1.83 to $61.33 in the morning trading and in the last one year traded as high as $78.99 in August 2008 and as low as $56.10 in July 2008. Based on the yesterday’s closing price the company has a market cap of $60.70 billion.

Wachovia Corporation, the nation''s fourth-largest bank reported second quarter net loss in the quarter was $8.9 billion or $4.20 per diluted share compared to net income of $2.34 billion or $1.22 per share, a year ago. Wachovia also cut its dividend by 87% to 5 cents per share and proposed to cut 6,400 jobs.

Wachovia Corporation (WB: chart) in the morning trading fell 17 cents to $13.02 and in the last one year traded as high as $53.10 in September 2007 and as low as $7.80 in July 2008. Based on the yesterday’s closing price the company has a market cap of $28.18 billion.
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