1. Archive


Alltel Corp.

Alltel said Friday it will eliminate as many as 600 jobs, or 3 percent of its work force, even as it reported a fourth quarter earnings increase that met Wall Street expectations.

The elimination of between 400 and 600 positions comes as Alltel makes regional and corporate structural changes expected to be in place late next month.

Excluding a gain from the sale of certain billing assets, its earnings amounted to 77 cents a share, matching the consensus forecast of analysts surveyed by Thomson First Call.

4th Qtr Year Ago

Revenue $2.01-bil $1.92-bil

Net Income $258.9-mil $256.6-mil

Per Share 83 cents 82 cents

2003 2002

Revenue $7.98-bil $7.11-bil

Net Income $1.33-bil $924-mil

Per Share $4.25 $2.96

MarineMax Inc.

MarineMax said its same-store sales grew 56 percent in the quarter ended Dec. 31, usually its slowest season. The Clearwater boat retailer attributed the growth in part to its expanded product line, good weather and an unexpectedly strong demand for larger vessels. Because the profit margin on larger boats is smaller, however, gross margins fell. MarineMax raised its earnings projection for 2004 to a range of $1.38 to $1.45 per share, up from $1.26 to $1.36 per share.

1st Qtr Year Ago

Revenue $156.7-mil $98-mil

Net Income $2.2-mil -$480,000

Per Share 14 cents -3 cents

FPL Group Inc.

The owner of Florida's largest utility said fourth quarter profit rose 12 percent as the number of customers climbed. Florida Power & Light, which accounted for 80 percent of 2003 earnings, added 97,000 customers from a year earlier through population growth.

4th Qtr Year Ago

Revenue $2.44-bil $2.04-bil

Net Income $145-mil $129-mil

Per Share 81 cents 73 cents

2003 2002

Revenue $9.6-bil $8.2-bil

Net Income $890-mil $473-mil

Per Share $5.00 $2.73

Northwest Airlines Corp.

Because of asset sales and other one-time gains totaling $492-million, Northwest Airlines turned in a profitable fourth quarter. Without the unusual gains, the nation's fourth largest carrier lost $129-million, or $1.49 a share for the quarter, an improvement from the loss of $178-million, or $2.08 per share, reported a year earlier, excluding unusual items. The results were 10 cents a share better than the consensus $1.59 a share loss estimate of analysts surveyed by Thomson Financial.

4th Qtr Year Ago

Revenue $2.41-bil $2.34-bil

Net Income $370-mil -$488-mil

Per Share $4.18 -$5.68

2003 2002

Revenue $9.51-bil $9.49-bil

Net Income $248-mil -$798-mil

Per Share $2.74 -$9.32

Nokia Corp.

The world's biggest cell phone maker's profit rose 12 percent in the fourth quarter, in line with expectations, amid growing mobile phone sales and signs of recovery in the market for telecommunications network equipment. Figures are in euros.

4th Qtr Year Ago

Revenue e8.79-bil e8.84-bil

Net Income e1.36-mil e1.25-mil

Per Share e0.29 e0.26

2003 2002

Revenue e29.46-bil e30.02-bil

Net Income e3.74-bil e3.95-bil

Per Share e0.79 e0.82