Here's a quick look at some of Monday's earnings results:
Netflix Inc.'s (NASDAQ: NFLX) fourth-quarter earnings jumped 45% percent to nearly $23 million, or 38 cents per share, which surpassed analysts' estimates. Revenue in the period rose 19% to $360 million. The company ended 2008 with 9.4 million subscribers, a gain of 718,000 customers from the end of September. Shares fell $0.29, less than 1% Monday.
Amgen Inc.'s (NASDAQ: AMGN) fourth-quarter profit grew 15% percent to $961 million, or 91 cents per share, mostly due to lower expenses. Revenue was $3.75 billion about the same as last year. Results included $60 million in restructuring costs a year ago. Shares rose $1.22, or 2.3%, but fell in after-hours trading.
Eaton Corp.'s (NYSE: ETN) fourth-quarter profit dropped 36% to $163 million, or 98 cents per share, as lower exchange rates cut into the company's sales. But sales rose 3.3% to $3.49 billion. The results also included charges related to the integration of an acquisition. Shares fell $0.78, or 1.7%.
Halliburton Co.'s (NYSE: HAL) fourth-quarter profit fell 32% to $468 million, or 53 cents per share, on revenue of $4.91 billion. Though the results were diminished by a potential settlement of corruption charges with the Department of Justice, they topped estimates of analysts surveyed by Thomson Reuters. Shares rose $0.62, or 3.4%.
Wyeth (NYSE: WYE), which will be acquired by Pfizer Inc. (NYSE: PFE), said its fourth-quarter profit declined 5.6% to $960.4 million, or 71 cents per share. Revenue slipped 7% to $5.35 billion. Results were affected by productivity-initiative charges and the effects of foreign exchange. Shares fell $0.35, or 0.8%.
Tyson Foods Inc. (NYSE: TSN) said it lost $112 million in its fiscal first quarter, or 30 cents per share, due to higher grain and energy costs and decreased demand from consumers. Revenue was $6.52 billion, slightly higher than a year ago. Shares rose $0.25, or 2.9%.
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) posted its biggest quarterly loss ever: $13.9 billion, or $36.78 per share, largely due to commodity price declines and the acquisition of Phelps Dodge. Excluding charges, its profit totaled $23 million, or 6 cents per share, compared to the $1.12 per share loss expected by analysts. Shares rose $2.13, or 9.3%, but slipped in after-hours trading.
See also: Caterpillar job cuts show economy's scary turn, Kimberly-Clark: No growth in Q4, and Danaher (DHR) rises on Q4 earnings.
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