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Earnings Analysis: 
MGM, Expeditors Rise; Molson Falls
Author: 123jump.com Staff
123jump.com
Last Update: 12:25 AM ET August 05 2008



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Home builder D R Horton third quarter rvenues declined 40% to $1.4 billion and lost $399 million or $1.26 a share. Expeditors International second quarter revenue rose 16% to $1.45 billion and net income increased 9% to $71.2 million or 32 cents a share. MGM Mirage revenue rose 2% to $1.9 billion and net income fell 68% to $113 million. Molson Coors second quarter revenue rose 5% to $1.76 billion and net income fell 56% to $81 million or 43 cents a share.

 
[R]12:20PM New York – Home builder DR Horton reported third quarter revenue decline of 40% and a quarterly loss. Expeditors International revenue 16% and net income increased 9%.[/R]

Bill Barrett Corporation, engaged in the exploration, development and production of natural gas and crude oil reported second quarter revenues rose 36.06% to $157.5 million from $100.7 million a year ago. Net income in the quarter rose 71% to $34.0 million or 75 cents per share compared to net income of $9.9 million or 22 cents per share, a year ago.

Bill Barrett Corporation (BBG: chart) in the last one year traded as high as $60.87 in July 2008 and as low as $32.95 in August 2007. Based on the yesterday’s closing price the company has a market cap of $1.75 billion.

D.R. Horton, Inc, home builder reported third quarter revenues declined 40% to $1.4 billion from $2.5 billion a year ago. Net loss in the quarter was $399.3 million or $1.26 per share compared to net loss of $823.8 million or $2.62 per share, a year ago.

D.R. Horton, Inc (DHI: chart) in the last one year traded as high as $19.10 in August 2007 and as low as $8.93 in July 2008. Based on the yesterday’s closing price the company has a market cap of $3.54 billion.

Expeditors International of Washington, Inc, engaged in the business of providing global logistics services reported second quarter revenues rose 16% to $1.45 billion from $1.26 billion a year ago. Net income in the quarter rose 9% to $71.2 million or 32 cents per share compared to net income of $65.5 million or 30 cents per share, a year ago.

Expeditors International of Washington, Inc (EXPD: chart) in the last one year traded as high as $54.56 in November 2007 and as low as $33.71 in July 2008. Based on the yesterday’s closing price the company has a market cap of $7.47 billion.

Great Wolf Resorts, Inc, an operator of indoor water park resorts reported second quarter revenues rose 26.50% to $63.0 million from $46.3 million a year ago. Net loss in the quarter was $4.1 million or 13 cents per share compared to net loss of $1.7 million or 5 cents per share, a year ago.

Same location Revenue per available room increased 1.4% and year-to-date RevPAR increased 4.2%.

Great Wolf Resorts, Inc (WOLF: chart) in the last one year traded as high as $15.01 in August 2007 and as low as $3.71 in July 2008. Based on the yesterday’s closing price the company has a market cap of $126.06 million.

MGM MIRAGE, a gaming company second quarter revenues rose 2% from a year ago to $1.9 billion. Net income in the quarter fell 68.61% to $113 million or 40 cents per share compared to net income of $360 million or $1.22 per share, a year ago.

MGM MIRAGE (MGM: chart) in the last one year traded as high as $100.50 in October 2007 and as low as $21.65 in July 2008. Based on the yesterday’s closing price the company has a market cap of $8.64 billion.

Molson Coors Brewing Company, a global beer brewer second quarter revenues rose 5% to $1.76 billion from $1.68 billion a year ago. Net income in the quarter fell 56% to $80.9 million or 43 cents per share compared to net income of $184.9 million or $1.02 per share, a year ago.

Molson Coors Brewing Company (TAP: chart) in the last one year traded as high as $59.51 in June 2008 and as low as $38.75 in August 2007. Based on the yesterday’s closing price the company has a market cap of $9.88 billion.

Steven Madden, Ltd, a fashion designer of footwear and accessories reported second quarter revenues rose 0.91% to $109.3 million from $108.3 million a year ago. Net income in the quarter fell 27.41% to $7.6 million or 43 cents per share compared to net income of $10.5 million or 49 cents per share, a year ago.

Steven Madden, Ltd (SHOO: chart) in the last one year traded as high as $30.00 in August 2007 and as low as $14.61 in January 2008. Based on the yesterday’s closing price the company has a market cap of $396.78 million.

The St. Joe Company, a real estate development company reported second quarter revenues decreased 39% to $67.7 million from $110.7 million a year ago. Net loss in the quarter was $20.8 million or 23 cents per share compared to net income of $25.3 million or 34 cents per share, a year ago.

The St. Joe Company (JOE: chart) in the last one year traded as high as $46.82 in March 2008 and as low as $26.70 in November 2008. Based on the yesterday’s closing price the company has a market cap of $3.17 billion.

Weyerhaeuser Company, a timber company reported second quarter sales fell 16% to $3.61 billion from $4.3 billion a year ago. Net loss in the quarter was $96 million or 45 cents per share compared to net income of $32 million or 15 cents per share, a year ago.

Weyerhaeuser Company (WY: chart) in the last one year traded as high as $78.00 in December 2007 and as low as $46.19 in July 2008. Based on the yesterday’s closing price the company has a market cap of $11.61 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.

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