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EARNINGS

Southwest Airlines

Fourth quarter earnings rose 57 percent as rebounds in the economy and business travel helped the Dallas-based airline get a higher average fare. Costs for the quarter ended Dec. 31 rose 2.9 percent. Executives said they are taking steps to improve productivity and maintain the airline's cost advantage over traditional carriers.

4th Qtr Year Ago

Revenue $1.52-bil $1.4-bil

Net Income $66-mil $42-mil

Per Share 8 cents 5 cents

2003 2002

Revenue $5.74-bil $5.34-bil

Net Income $442-mil $241-mil

Per Share 54 cents 30 cents

AirTran Holdings Inc.

The parent of AirTran Airways, the Orlando airline that flies mainly out of Atlanta, said Thursday its profit more than doubled in the latest quarter, boosted by cost controls and new aircraft. Excluding special items, AirTran earned $16-million, or 18 cents a share. Analysts surveyed by Thomson First Call had forecast, on average, earnings of 17 cents a share.

4th Qtr Year Ago

Revenue $238.8-mil $200.3-mil

Net Income $21.7-mil $7.5-mil

Per Share 24 cents 10 cents

2003 2002

Revenue $918-mil $733.4-mil

Net Income $100.7-mil $10.7-mil

Per Share $1.21 15 cents

Franklin Resources Inc.

A better environment for investors produced better results for Franklin Templeton Investments' parent company. Against the same period a year ago, net income rose 57 percent for the fiscal first quarter ended Dec. 31. Revenues were up 33 percent. The results include a $4.8-million gain from an accounting change. The company was managing $337-billion in assets at the end of the quarter, up from $302-billion at the start of the quarter and $258-billion from the previous year. The company is based in San Mateo, Calif. and has a large operation in St. Petersburg.

1st Qtr Year Ago

Revenue $806.2-mil $605.5-mil

Net Income $172.3-mil $109.8-mil

Per Share 69 cents 43 cents

Global Imaging Systems

The Tampa office equipment distributor said its net income rose 33 percent in the quarter ended Dec. 31, thanks to acquisitions, an internal growth rate of 7.5 percent, lower interest rates on its debt and billing improvements. Global said it expects to earn 49 to 51 cents per share in the fourth quarter ending March 31 and $1.68 to $1.70 for the entire fiscal year.

3rd Qtr Year Ago

Revenue $187.5-mil $169.2-mil

Net Income $11.8-mil $8.9-mil

Per Share 50 cents 41 cents

Technology Research Corp.

Earnings jumped 27 percent for the maker of electrical safety products, power monitors and control equipment in its third quarter, ended Dec. 31. The Clearwater company, whose stock price increased more than 850 percent last year, attributes its record earnings to major product sales, new accounts and an increase in U.S. military business.

3rd Qtr Year Ago

Revenue $5.8-mil $4.6-mil

Net Income $680,388 $311,963

Per Share 12 cents 6 cents

Ford Motor Co.

The world's second-largest automaker lost six times more in the fourth quarter than it did in the year-ago period because of charges for restructuring and a new agreement with its top supplier, but the automaker swung to a full-year profit after two years of heavy losses.

Excluding charges for restructuring and other one-time expenses, Ford said Thursday it earned $899-million, or 31 cents a share, in the fourth quarter _ 3 cents better than the forecast of analysts surveyed by Thomson First Call.

4th Qtr Year Ago

Revenue $46-bil $41.5-bil

Net Income -$793-mil -$130-mil

Per Share -43 cents -7 cents

2003 2002

Revenue $164.2-bil $162.3-bil

Net Income $495-mil $-980-mil

Per Share 27 cents -55 cents

Microsoft Corp.

The software giant reported a drop in earnings Thursday for its fiscal second quarter as it took a charge for stock-based compensation for employees. Revenue increased 19 percent amid signs of improvement in corporate technology spending. But earnings for the three-month period included an after-tax charge of $2.17-billion, 20 cents per share, in expenses related to the stock-based compensation. Without the charge, the earnings would have been 34 cents per share. Analysts polled by Thomson First Call had expected earnings of 30 cents per share.

2nd Qtr Year Ago

Revenue $10.15-bil $8.54-bil

Net Income $1.55-bil $1.87-bil

Per Share 14 cents 17 cents

UnitedHealth Group Inc.

UnitedHealth reported a 34 percent increase in its fourth-quarter profit, citing balanced growth across its business segments, and raised its estimate for 2004 earnings. The earnings beat the consensus estimate of analysts surveyed by Thomson Financial by 4 cents a share.

4th Qtr Year Ago

Revenue $7.52-bil $6.68-bil

Net Income $507-mil $379-mil

Per Share 83 cents 60 cents

2003 2002

Revenue $28.82-bil $25.02-bil

Net Income $1.83-bil $1.35-bil

Per Share $2.96 $2.13

AT&T Corp.

The company topped forecasts with a $340-million profit in the fourth quarter, but revenues fell 12.8 percent as the telephone industry remained under assault from price wars, competition from cell phones and tight business spending. The company said Thursday it may cut as many as 5,500 jobs in 2004 to contend with another expected drop in revenues as industry woes persist.

4th Qtr Year Ago

Revenue $8.10-bil $9.29-bil

Net Income $340-mil $516-mil

Per Share 43 cents 66 cents

2003 2002

Revenue $34.53-bil $37.83-bil

Net Income $1.87-bil -$13.08-bil

Per Share -2.36 -$17.08

BellSouth Corp.

New Internet customers, continued growth in Latin America and strong sales of a multiple-service package helped BellSouth post a 37 percent jump in fourth quarter profits. Excluding one time items, BellSouth said it earned $949-million, or 51 cents a share. That met earnings expected by analysts surveyed by Thomson First Call.

4th Qtr Year Ago

Revenue $5.74-bil $5.69-bil

Net Income $787-mil $574-mil

Per Share 43 cents 31 cents

2003 2002

Revenue $22.63-bil $22.44-bil

Net Income $3.9-bil $1.32-bil

Per Share $2.11 71 cents

Wyeth Corp.

Despite double-digit sales increases, Wyeth's fourth quarter profit plunged 79 percent compared with a year ago, when earnings were boosted sharply by a one time gain. Excluding a one time charge for manufacturing restructuring, debt retirement and other items, net income was $801.7-million, or 60 cents per share. That missed by 5 cents the consensus forecast of analysts surveyed by Thomson First Call.

4th Qtr Year Ago

Revenue $4.33-bil $3.81-bil

Net Income $335-mil $1.57-bil

Per Share 25 cents $1.18

2003 2002

Revenue $15.85-bil $14.58-bil

Net Income $2.05-bil $4.45-bil

Per Share $1.54 $3.33

Pfizer Inc.

The world's biggest drug maker said Thursday its profit for the fourth quarter plunged 79 percent because of its acquisition of Pharmacia as well as other one time items. But the acquisition sharply boosted revenue for Pfizer, and the company beat analysts' earnings estimates if one-time items are excluded from the comparison.

4th Qtr Year Ago

Revenue $14.2-bil $9.33-bil

Net Income $602-mil $2.86-bil

Per Share 8 cents 46 cents

2003 2002

Revenue $45.19-bil $32.37-bil

Net Income $3.91-bil $9.12-bil

Per Share 54 cents $1.48

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