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12:20PM New York – Agrium, Heidrick & Struggles and Foster Wheeler rose on earnings. Freddie Mac, Och-Ziff, Speedway Motorsports and Transocean dropped on weak earning or losses.[/R]
Agrium Inc, a retail supplier of agriculture products reported second quarter sales rose 49% to $3.9 million from $2.0 billion a year ago. Net income in the quarter rose 64% to $636 million or $4.00 per share compared to net income of $229 million or $1.70 per share, a year ago.
Agrium Inc (
AGU: chart) in the last one year traded as high as $113.88 in June 2008 and as low as $34.62 in August 2007. Based on the yesterday’s closing price the company has a market cap of $12.58 billion.
El Paso Corporation, a natural gas producer and pipeline company reported second quarter revenue fell 4.34% to $1.15 billion from $1.2 billion a year ago. Net income in the quarter rose 13% to $191 million or 27 cents per share compared to net income of $169 million or 23 cents per share, a year ago.
El Paso Corporation (
EP: chart) in the last one year traded as high as $22.47 in June 2008 and as low as $14.83 in March 2008. Based on the yesterday’s closing price the company has a market cap of $11.72 billion.
Freddie Mac, second largest mortgage lender reported second quarter revenues fell 28% to $1.69 billion from $2.34 billion a year ago. Net loss in the quarter was $821 million or $1.63 per share compared to net income of $729 million or 96 cents per share, a year ago.
Freddie Mac (
FRE: chart) in the last one year traded as high as $67.20 in August 2007 and as low as $3.89 in July 2008. Based on the yesterday’s closing price the company has a market cap of $4.48 billion.
Foster Wheeler Limited a builder of onshore and offshore upstream oil and gas processing facilities reported second quarter revenues rose 43% to $1.7 billion from $1.19 billion a year ago. Net income in the quarter rose 56% to $160.8 million or $1.11 per share compared to net income of $71.9 million or 50 cents per share, a year ago.
Foster Wheeler Limited (
FWLT: chart) in trading today rose $3.09 to $53.70 and in the last one year traded as high as $85.65 in January 2008 and as low as $42.17 in August 2007. Based on the yesterday’s closing price the company has a market cap of $7.29 billion.
Heidrick & Struggles International, Inc, an executive search reported second quarter revenues increased 6% to $169.5 million from $160.1 million a year ago. Net income in the quarter falls 40% to $12.7 million or 72 cents per share compared to net income of $21.0 million or $1.11 per share, a year ago.
Heidrick & Struggles International, Inc (
HSII: chart) in today’s trading rose $1.70 to $32.46 and in the last one year traded as high as $53.14 in August 2007 and as low as $23.56 in January 2008. Based on the yesterday’s closing price the company has a market cap of $528.73 million.
Marsh & McLennan Companies, Inc a risk, strategy and human capital reported second quarter revenues increased 8.52% to $3.05 billion from $2.79 billion a year ago. Net income in the quarter falls 63% to $65 million or 13 cents per share compared to net income of $177 million or 31 cents per share, a year ago.
Marsh & McLennan Companies, Inc (
MMC: chart) in the last one year traded as high as $29.56 in May 2008 and as low as $23.12 in March 2008. Based on the yesterday’s closing price the company has a market cap of $15.01 billion.
NICE-Systems Ltd, the financial analysis service and software provider reported second quarter revenues rose 18.10% to $154.1 million from $126.2 million a year ago. Net income in the quarter falls 87% to $1.5 million or 2 cents per share compared to net income of $11.2 million or 21 cents per share, a year ago.
NICE-Systems Ltd (
NICE: chart) in today’s trading fell 72 cents to $29.68 and in the last one year traded as high as $40.95 in November 2007 and as low as $24.90 in January 2008. Based on the yesterday’s closing price the company has a market cap of $1.82 billion.
Och-Ziff Capital Management Group LLC, an alternative asset manager reported second quarter revenues falls 49% to $153.2 million from $300.4 million a year ago. Net loss in the quarter was $60.8 million or $1.05 per share compared to net income of $114.2 million or $4.44 per share, a year ago.
Och-Ziff Capital Management Group LLC (
OZM: chart) in today’s trading rose 24 cent to $17.33 and in the last one year traded as high as $32.80 in December 2007 and as low as $15.10 in July 2008. Based on the yesterday’s closing price the company has a market cap of $6.05 billion.
The Procter & Gamble Company, focused on providing branded consumer goods products said fourth quarter revenues rose 10% to $21.27 billion from $19.27 billion a year ago. Net income in the quarter jumped 33% to $3.02 billion or 92 cents per share compared to net income of $2.27 billion or 67 cents per share, a year ago.
The company repurchased $2.0 billion of stock during the quarter as part of the company''s previously announced three-year between $24 and $30 billion share repurchase program. The company has repurchased $10 billion of P&G stock since the inception of this program in July 2007. Combined with $4.7 billion in dividends, P&G distributed nearly $15 billion to shareholders in the fiscal year and over 120% of net earnings.
For fiscal year 2009, P&G expects to deliver the company''s annual target growth rates including organic sales growth of 4% to 6% and earnings per share growth of 10%. Fiscal year 2009 results will include several large impacts from the divestiture of the Folgers business. P&G said it expects fiscal year 2009 GAAP earnings per share between $4.18 and $4.25.