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Earnings Analysis: 
Maytag’s Loss Widens on Charges
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:27 AM EST February 03 2006



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Maytag Corp, home and commercial appliances manufacturer, reported a Q4 net loss of 93 cents a share, down from a net loss of 18 cents a share in the year-earlier period despite 6.6% sales growth, missing analysts’ expectations of a loss of 13 cents a share.

 
Maytag’s, (MYG: chart), Q4 results were affected by restructuring charges in connection with the closing of the Florence, S.C., plant, a non-cash asset impairment charge related to a laundry product line and a goodwill impairment charge involving a commercial cooking business were recorded in Q4.

Weyerhaeuser Co, (WY: chart), wood, paper and packaging company, reported a Q4 loss of 86 cents a share, swinging from a net income 82 cents a share a year-ago. After adjusting for items, the company earned 98 cents a share, topping analyst estimate of 74 cents a share.

Ryder System Inc, (R: chart), vehicle fleet management company, reported Q4 net income of 92 cents a share, down from 96 cents a share in the year-ago period. Income from continuing operations amounted to 93 cents a share, a penny down from the analyst estimate. Sales for the company grew 13%.

Volvo Group, (VOLVY: chart), truck maker, reported that Q4 net income dropped 15% to 7.37 kronor a share, while sales grew 15%. The company announced that operating margin in Q4 fell to 6.5% from 8.2% last year on account of extensive product launches. Volvo stated its income was affected by a 430 million kronor capital gain from the sale of Celero and a 550 million kronor write down of its holdings in Blue Bird.

B/E Aerospace Inc., (BEAV: chart), aircraft cabin products maker, reversed to a Q4 profit of 96 cents a share, benefiting from a $52 million tax benefit. If not for the tax benefit and one-item items, it would have earned 18 cents a share, while sales rose 18% to $223 million.

Carbo Ceramics Inc, (CRR: chart), provider of equipment and services for natural-gas and oil wells, reported Q4 net income of 43 cents a share, down from 45 cents in the same period the previous year. Revenue grew to $63.6 million from $62.2 million while Q4 operating profit dropped to $15.8 million from $16.6 million. Analyst forecast earnings of 48 cents a share.

Moody''s Corp, (MCO: chart), credit ratings, research and risk analysis provider, reported Q4 net income of 50 cents a share, up about 22% from 40 cents a share in the year-earlier period on 21% revenue growth, beating analyst estimate for earnings of 46 cents a share.

THQ Inc, (THQI: chart), video game publisher, reported a Q3 profit of 72 cents a share, down from $1.05 a share a year-ago on revenue decline, topping analyst estimate of 65 cents a share.
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