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
In 20 Years, I Haven’t Seen A Cash Back Card This Good
After two decades of reviewing financial products I haven’t seen anything like this. Credit card companies are at war, handing out free rewards and benefits to win the best customers.
A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges.
Our top pick today pays up to 5% cash back, a $200 bonus on top, and $0 annual fee. Click here to apply before they stop offering rewards this generous.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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.