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10:00AM New York - Costco Wholesale Corporation sales rose 13% and net income rose 7%. Helen of Troy Limited sales fell 3% and net income fell 42%. Lindsay Corporation revenue rose 100% and net income rose 197%.[/R]
Acergy S.A., an offshore oil and gas platform builder reported third quarter sales rose 6% to $753.3 million from $709.2 million a year ago. Net income in the quarter rose 47% to $113 million or 58 cents per diluted share compared to net income of $77 million or 38 cents per share, a year ago.
Acergy S.A. (
ACGY: chart) in the last one year traded as high as $29.85 in October 2007 and as low as $5.50 in October 2008. Based on the yesterday’s closing price the company has a market cap of $1.36 billion.
Costco Wholesale Corporation, discount retailer reported fourth quarter sales rose 13% to $23.1 billion from $20.48 billion a year ago. Net income in the quarter rose 7% to $397.8 million or 90 cents per diluted share compared to net income of $372.4 million or 83 cents per share, a year ago.
Comparable same-store sales rose 9%.
Net sales for fiscal 2008, the 52 weeks ended August 31, 2008, were $70.98 billion, an increase of 13% from $63.09 billion during the prior 52-week fiscal year ended September 2, 2007. Comparable warehouse sales increased 8% over the corresponding 52-week period of the prior year. Net income for fiscal 2008 was $1.28 billion, or $2.89 per diluted share, compared to $1.08 billion, or $2.37 per diluted share, during fiscal year 2007.
Costco Wholesale Corporation (
COST: chart) in the last one year traded as high as $75.23 in July 2008 and as low as $30.70 in March 2008. Based on the yesterday’s closing price the company has a market cap of $25.13 billion.
Helen of Troy Limited, designer of personal care and household consumer products reported second quarter sales fell 3% to $153.5 million from $157.92 million a year ago. Net income in the quarter fell 42% to $10.6 million or 34 cents per diluted share compared to net income of $18.25 million or 56 cents per share, a year ago.
Helen of Troy Limited (
HELE: chart) in the last one year traded as high as $24.70 in September 2008 and as low as $14.56 in January 2008. Based on the yesterday’s closing price the company has a market cap of $560.78 million.
Lindsay Corporation, a provider of irrigation systems and infrastructure products reported fourth quarter revenues rose 100% to $147.2 million from $73.5 million a year ago. Net income in the quarter rose 197% to $11.3 million or 90 cents per diluted share compared to net income of $3.8 million or 32 cents per share, a year ago.
Total revenues for fiscal 2008 were $475.1 million, a 69% increase from $281.9 million reported a year ago. Total irrigation equipment revenues of $374.9 million rose 73% from a year ago, while infrastructure revenues grew 53%, rising to $100.2 million. Net earnings were $39.4 million, or $3.20 per diluted share, compared with $15.6 million, or $1.31 per diluted share, for fiscal 2007.
On July 18, 2008, Lindsay announced that it had increased its regular quarterly cash dividend by 7% to $0.075 per share from $0.07 per share. The new annual indicated rate is 30 cents per share from 28 cents.
Lindsay Corporation (
LNN: chart) in the last one year traded as high as $131.14 in June 2008 and as low as $43.35 in October 2007. Based on the yesterday’s closing price the company has a market cap of $679.91 million.
Monsanto Company, the agricultural technology company reported fourth quarter revenues rose 35% to $2 billion from $1.5 billion a year ago. Net loss in the quarter was $172 million or 3 cents per diluted share compared to net income of $210 million or 18 cents per share, a year ago.
Monsanto saw record net sales of $11.4 billion in the company''s fiscal year 2008, 36% higher than sales in fiscal year 2007. For fiscal year 2008, Monsanto reported net income of $2 billion compared to $993 million a year ago.
The company estimated fiscal 2009 earnings per share between $4.20 and $4.40, 15% to 20% higher than from a year ago.
The company also noted that it expects to realize a compound annual growth rate for gross profit of 18% to 20% through 2012.
Monsanto Company (
MON: chart) in the last one year traded as high as $145.80 in June 2008 and as low as $69.20 in October 2008. Based on the yesterday’s closing price the company has a market cap of $40.80 billion.