This is a story about that rare thing these days: a company with a stock price higher today than it was a year ago. Unfortunately, that may change following today’s release of third quarter earnings from Nicor (NYSE:GAS).
Nicor reported EPS of $0.03 on revenue of $440.3 million. Analysts hadbeen expecting EPS of $0.13 on revenue of $421 million. Operatingincome fell from $22.8 million in the same period last year to $9.3million for the third quarter. Net income fell from $14.5 million tojust $1.3 million.
The company attributes the sharp decline to "lower operating revenuesand higher operating costs." How did they ever figure that out?
The company affirmed its estimates for 2008 earnings of $2.20 to $2.40, which is unchanged from earlier guidance. But the mid-point there is under the consensus estimate of $2.36 and the low-end of the range is under all of the few available estimates seen.
Nicor’s share price closed at $46.21 on Friday, off 11% from its 52-week high set on September 18th.
Paul Ausick
November 3, 2008
The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%1 today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.