Earnings Review (BMR, BRE, CF, CHMT)

BioMed Realty Trust, Inc. (NYSE: BMR) reported third-quarter net income of $4.8 million or $0.03 per share on revenues of $115.0 million. Analysts estimated revenues of $109.1 million for the quarter. Funds from operations for the third quarter were $43.8 million or $0.30 per share, compared to analysts estimates of $0.30 per share for the quarter.

For the full year 2012, the company expects net income in a range of $0.20 to $0.30 per share, and FFO in a range of $1.23 to $1.33 per share. Analysts currently estimate FFO of $1.28 per share for the full year.

BRE Properties, Inc. (NYSE:BRE) said its funds from operations (FFO) totaled $41.5 million, or $0.55 per share for the third quarter of 2011, beating the Thomson Reuters consensus estimate of $0.54 by $0.01. Quarterly net income totaled $17.1 million, or $0.23 per share.

Looking ahead, the company  updated its 2011 FFO guidance to $2.12 to $2.14 per share. Fourth quarter guidance announced in a range of $0.55 to $0.57 per share.

CF Industries Holdings, Inc. (NYSE: CF) jumped 0.55% to $159.50 in the after hours after the company reported a strong year-over-year growth in both earnings and revenue for the third quarter of 2011. CF Industries Holdings reported a quarterly profit of $330.9 million, or $4.73 a share, up from $48.2 million, or 67 cents a share, in the same period a year earlier. Revenue increased 53% to $1.4 billion, primarily due to higher prices. Analysts polled by Thomson Reuters expected the company to report a profit of $4.92 a share on revenue of $1.45 billion.

Chemtura Corporation (NYSE: CHMT) posted quarterly results in-line with analysts’ estimates. The company reported third quarter net earnings of $9 million or $0.09 per share, on revenue of $773 million.

The company said it expects low demand for its consumer product segment in the fourth quarter of 2011.


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