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DAILY EARNINGS

Philip Morris Net Falls 14%; Schering-Plough Sales Drops 2%


Author: Trupti Mehta
ticker.com
Last Update: 11:58 AM ET October 22 2009

8:30AM New York - Philip Morris International Inc sales fell 4.6% and net income fell 14%. Schering-Plough Corporation sales fell 2.2% and net income fell 17.2%.

JetBlue Airways Corporation, the passenger airline reported third quarter revenues fell 5.3% to $854 million from $902 million a year ago. Net income in the quarter was $15 million or 5 cents per diluted share compared to net loss of $8 million or 3 cents per share a year ago.

JetBlue Airways Corporation (JBLU) in the last one year traded as high as $7.74 in January 2008 and as low as $2.81 in March 2009. Based on the yesterday’s closing price of $5.74 the company has market cap of $1.72 billion.

Kimberly-Clark Corporation, incorporated, the maker of Huggies diapers and Kleenex tissues reported third quarter sales fell 2% to $4.9 billion from $5 billion a year ago. Net income in the quarter rose 41% to $582 million or $1.40 per diluted share compared to net income of $413 million or 99 cents per share a year ago.

Kimberly-Clark Corporation, incorporated (KMB) in the last one year traded as high as $62.75 in November 2008 and as low as $43.05 in March 2009. Based on the yesterday’s closing price of $62.49 the company has market cap of $25.96 billion.

Legg Mason, Inc, the asset management company reported second quarter revenues fell 31.7% to $659.9 million from $966.1 million a year ago. Net income in the quarter was $45.8 million or 30 cents per diluted share compared to net loss of $108.7 million or 77 cents per share a year ago.

Legg Mason, Inc (LM) in the last one year traded as high as $33.70 in October 2009 and as low as $10.35 in March 2009. Based on the yesterday’s closing price of $30.73 the company has market cap of $4.45 billion.

Merck & Co. Inc, the drugmaker reported third quarter sales rose 2% to $6.05 billion from $5.94 billion a year ago. Net income in the quarter rose 214% to $3.42 billion or $1.61 per diluted share compared to net income of $1.09 billion or 51 cents per share a year ago.

Merck & Co. Inc (MRK) in the last one year traded as high as $34.18 in October 2009 and as low as $20.05 in March 2009. Based on the yesterday’s closing price of $31.80 the company has market cap of $67.06 billion.

Philip Morris International Inc, the cigarette maker reported third quarter sales fell 4.6% to $16.57 billion from $17.37 billion a year ago. Net income in the quarter fell 14% to $1.79 billion or 93 cents per diluted share compared to net income of $2.08 billion or $1.01 per share a year ago.

Philip Morris International Inc (PM) in the last one year traded as high as $52.35 in October 2009 and as low as $32.04 in March 2009. Based on the yesterday’s closing price of $49.08 the company has market cap of $94.95 billion.

ProLogis, the real estate investment trust reported third quarter revenues fell 72.3% to $273.9 million from $988.9 million a year ago. Net loss in the quarter was $11.8 million or 3 cents per diluted share compared to net income of $32.2 million or 12 cents per share a year ago.

ProLogis (PLD) in the last one year traded as high as $18.41 in October 2008 and as low as $2.20 in November 2008. Based on the yesterday’s closing price of $11.88 the company has market cap of $5.26 billion.

Raytheon Company, the defense contractor reported third quarter sales rose 6% to $6.21 billion from $5.86 billion a year ago. Net income in the quarter rose 15% to $490 million or $1.25 per diluted share compared to net income of $427 million or $1.00 per share a year ago.

Raytheon Company (RTN) in the last one year traded as high as $53.00 in January 2009 and as low as $33.20 in March 2009. Based on the yesterday’s closing price of $46.79 the company has market cap of $18.24 billion.

Reliance Steel & Aluminum Co, the metal processor reported third quarter sales fell 52% to $1.24 billion from $2.57 billion a year ago. Net income in the quarter fell 72.6% to $41.8 million or 57 cents per diluted share compared to net income of $152.5 million or $2.07 per share a year ago.

Reliance Steel & Aluminum Co (RS) in the last one year traded as high as $44.96 in October 2009 and as low as $12.58 in November 2008. Based on the yesterday’s closing price of $41.19 the company has market cap of $3.03 billion.

Ryder System, Inc, the provider of transportation and supply chain management solutions reported third quarter revenues fell 20.3% to $1.26 billion from $1.58 billion a year ago. Net income in the quarter fell 66% to $24 million or 43 cents per diluted share compared to net income of $70.2 million or $1.24 per share a year ago.

Ryder System, Inc (R) in the last one year traded as high as $46.58 in October 2009 and as low as $19.00 in March 2009. Based on the yesterday’s closing price of $43.28 the company has market cap of $2.42 billion.

Schering-Plough Corporation, the drugmaker reported third quarter sales fell 2.2% to $4.5 billion from $4.6 billion a year ago. Net income in the quarter fell 17.2% to $477 million or 29 cents per diluted share compared to net income of $576 million or 35 cents per share a year ago.
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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