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Earnings Analysis: 
Pepsi Bottling Net Falls 11%; CMGI Loss Widens
Author: 123jump.com Staff
123jump.com
Last Update: 9:36 PM ET September 30 2008



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The beverge bottler The Pepsi Bottling Group third quarter revenue rose 2% to $3.81 billion and net falls 11% to $231 million. CMGI, Inc, a supply chain software developer reported fourth quarter revenue increase of 9.4% to $276.3 million and a net loss of $22.7 million.

 
[R]10:00AM New York - The Pepsi Bottling Group, Inc revenue rose 2% and net income fell 11%.[/R]

The Pepsi Bottling Group, Inc, the beverage bottling company reported third quarter revenues increase of 2% to $3.81 billion from $3.73 billion a year ago. Net income in the quarter fell 11% to $231 million or $1.06 per diluted share compared to net income of $260 million or $1.12 per share a year ago.

The Pepsi Bottling Group, Inc (PBG: chart) in the last one year traded as high as $43.38 in October 2007 and as low as $26.02 in July 2008. Based on the yesterday’s closing price the company has a market cap of $5.99 billion. In today’s trading the stock rose 4% or $1.10 to $29.17.

CMGI, Inc, a supply-chain and inventory-management software provider said fourth quarter revenues rose 9.4% to $276.3 million from $252.6 million a year ago. Net loss in the quarter was $22.7 million or 48 cents per diluted share compared to net loss of $6.2 million or 13 cents per share, a year ago.

For the fiscal year net revenue were down to $1,068 million compared to $1,143 million in fiscal 2007. Gross margin, as a percentage of revenue, increased to 12.9% from 11.5% in the previous year.

Operating income plunged to $2.4 million compared to $14.8 million in the prior fiscal year. Net income from continuing operations was $15.3 million, or $0.32 per diluted share, compared to $49.1 million or $1.00 per diluted share in fiscal 2007.

Net income for the fiscal year was $11.1 million or $0.23 per diluted share compared to $49.4 million or $1.01 per diluted share, in fiscal 2007.

CMGI, Inc (CMGI: chart) in the last one year traded as high as $15.45 in June 2008 and as low as $8.89 in September 2008. Based on the yesterday’s closing price the company has a market cap of $435.94 million. In today’s trading the stock closed unchanged to $8.89.
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