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DAILY EARNINGS

VZ Sales Up 10%; National Oilwell Net Drops


Author: Trupti Mehta
ticker.com
Last Update: 10:46 AM ET October 26 2009

10:45AM New York - Verizon Communications Inc revenue rose 10% and net income fell 9.4%. National Oilwell Varco, Inc revenue fell 14.4% and net income fell 29.7%.

Alberto Culver Company, the manufacturer of personal care products reported fourth quarter sales fell 0.2% to $385.2 million from $386 million a year ago. Net income in the quarter fell 78.5% to $31.7 million or 32 cents per diluted share compared to net income of $147.1 million or $1.48 per share a year ago.

Net sales for the fiscal year 2009 fell 0.7% to $1.43 billion from $1.44 billion a year ago. Net income for the year fell 47.7% to $119.4 million or $1.20 per diluted share compared to net income of $228.2 million or $2.27 per share a year ago.

Alberto Culver Company (ACV) in the last one year traded as high as $27.90 in September 2009 and as low as $19.32 in November 2008. Based on the Friday’s closing price of $26.05 the company has market cap of $2.56 billion.

Bank of Hawaii Corporation, the bank reported third quarter net interest income rose 5% to $108.9 million from $103.6 million a year ago. Net income in the quarter fell 23% to $36.5 million or 76 cents per diluted share compared to net income of $47.4 million or 99 cents per share a year ago.

Bank of Hawaii Corporation (BOH) in the last one year traded as high as $53.87 in November 2008 and as low as $25.33 in March 2009. Based on the Friday’s closing price of $42.68 the company has market cap of $2.04 billion.

Boardwalk Pipeline Partners, LPInc, the operator of natural gas pipelines and storage facilities reported third quarter revenues rose 7.2% to $205.4 million from $191.6 million a year ago. Net income in the quarter fell 74.5% to $18.8 million or 10 cents per diluted share compared to net income of $73.6 million or 47 cents per share a year ago.

Boardwalk Pipeline Partners, LP (BWP) in the last one year traded as high as $27.25 in October 2009 and as low as $16.86 in December 2008. Based on the Friday’s closing price of $26.53 the company has market cap of $4.89 billion.

Lorillard, Inc, the cigarette maker reported third quarter sales rose 26.5% to $1.42 billion from $1.13 billion a year ago. Net income in the quarter fell 0.8% to $235 million or $1.44 per diluted share compared to net income of $237 million or $1.38 per share a year ago.

Lorillard, Inc (LO) in the last one year traded as high as $81.76 in October 2009 and as low as $52.50 in January 2009. Based on the Friday’s closing price of $79.82 the company has market cap of $13.18 billion.

National Oilwell Varco, Inc, the maker of drilling equipment reported third quarter revenues fell 14.4% to $3.09 billion from $3.61 billion a year ago. Net income in the quarter fell 29.7% to $385 million or 92 cents per diluted share compared to net income of $548 million or $1.31 per share a year ago.

National Oilwell Varco, Inc (NOV) in the last one year traded as high as $50.17 in October 2009 and as low as $17.60 in November 2008. Based on the Friday’s closing price of $46.89 the company has market cap of $19.61 billion.

Sohu.com Inc, an internet company reported third quarter revenues rose 13.2% to $136.6 million from $120.7 million a year ago. Net income in the quarter fell 7.2% to $37.4 million or 88 cents per diluted share compared to net income of $40.3 million or $1.02 per share a year ago.

Sohu.com Inc (SOHU) in the last one year traded as high as $72.29 in October 2009 and as low as $34.10 in March 2009. Based on the Friday’s closing price of $71.35 the company has market cap of $2.74 billion.

Tellabs, Inc, the maker of network equipment reported third quarter revenues fell 8.2% to $389.3 million from $424.1 million a year ago. Net income in the quarter was $29.3 million or 7 cents per diluted share compared to net loss of $998.5 million or $2.51 per share a year ago.

Tellabs, Inc (TLAB) in the last one year traded as high as $7.70 in September 2009 and as low as $3.20 in November 2008. Based on the Friday’s closing price of $6.66 the company has market cap of $2.64 billion.

Verizon Communications Inc, the phone company reported third quarter revenues rose 10% to $27.3 billion from $24.8 billion a year ago. Net income in the quarter fell 9.4% to $2.9 billion or 41 cents per diluted share compared to net income of $3.2 billion or 59 cents per share a year ago.

Verizon Communications Inc (VZ) in the last one year traded as high as $34.90 in January 2009 and as low as $24.26 in October 2008. Based on the Friday’s closing price of $28.85 the company has market cap of $81.95 billion.
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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