Markets & Finance

Citigroup Posts Weaker Third Quarter Earnings


From Standard & Poor's Equity ResearchCitigroup (C) Posts $1.10 vs. $1.38 third quarter earnings per share (EPS) on flat revenue. It cites lower revenues in capital markets driven businesses.

Apple Computer (AAPL) Posts $0.62 vs. $0.50 fourth quarter EPS on 32% higher revenue. It notes these results are preliminary and may be subject to significant adjustment as a result of the likely restatement of historical results.

eBay (EBAY) Posts $0.20 vs. $0.18 third quarter EPS (GAAP) on a 31% revenue rise. It sees $0.21-$0.22 fourth quarter EPS (GAAP) on $1.615 billion to $1.675 billion revenue. It also sees 2007 GAAP earnings up 20% or more from 2006.

Pfizer (PFE) Posts $0.46 vs. $0.22 third quarter EPS on a 9% revenue rise. It remains on target to achieve adjusted 2006 EPS of $2.00.

Coca-Cola (KO) Posts $0.62 vs. $0.54 third quarter EPS (including items) on a 6.9% revenue rise.

UnitedHealth Group (UNH) Posts $0.79 vs. $0.61 third quarter EPS on a 55% revenue rise. It sees at least 25% 2006 EPS growth to $2.95-$2.97. It also sees 2007 revenues in the area of $79 billion and 15% EPS growth from its 2006 projection.

Advanced Micro Devices (AMD) Posts $0.27 vs. $0.18 third quarter EPS (GAAP) despite a 13% decline in net sales. It sees product demand being seasonally strong in the fourth quarter and expects sales to rise sequentially.

Capital One (COF) Posts $1.89 vs. $1.81 third quarter EPS on a 42% rise in net interest income. It sees $7.40-$7.80 2006 EPS (including the impact resulting from the expected fouth quarter close of the North Fork acquisition).

Continental Airlines (CAL) Posts $1.36 (excluding items) vs. $0.80 third quarter EPS on a 17% revenue rise.

Tribune (TRB) Posts $0.65 vs. $0.07 third quarter EPS despite a 2.5% revenue drop.

Earthlink (ELNK) Posts wider-than-expected $0.02 third quarter loss vs. $0.27 EPS as higher operating expenses offset a 4.5% revenue rise.

E Trade Financial (ET) Posts $0.35 vs. $0.28 third quarter EPS on a 39% revenue rise. It narrows $1.42-$1.52 2006 EPS guidance to $1.45-$1.50.


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