S&P 500 2,343.98 -1.98
Gold$1,224.80 $5.30
Nasdaq 5,828.74 11.05
Crude Oil $60,490.00      $-1570.00
STOCK MOVERS

U.S. Movers: Becton Dickinson, ConocoPhillips, FB, Merck, Ralph Lauren


Author: Mukesh Buch
ticker.com
Last Update: 12:11 PM ET February 02 2017

12:10 PM New York Becton Dickinson net more than double. ConocoPhillips net loss narrowed. Facebook net more than double after advertisement revenues soared 53%. L Brands comparable store sales decline 4%. Merck net soared 23%. Philip Morris net surged. Parker-Hannifin net jumped 32%.

Tollbooth Index gained 26.61 or 0.2% to 11,282.76.

Earnings Review

Becton Dickinson and Co (BDX) rose 8 cents to $179.05 after the medical devices provider said revenues in the first-quarter ending in December grew 2% from a year ago to $2.9 billion.

Net income in the quarter more than doubled to $562 million or $2.58 per diluted share compared to the $229 million or $1.06 per share in the same quarter last year.

In fiscal 2017, the medical devices provider forecasted revenues to drop between 3.5% and 4% from previously estimated range of 3% to 3.5% and diluted earnings per share to be between $7.90 and $8.

ConocoPhillips (COP) dropped 1.4% or 67 cents to $47.83 after the oil and gas explorer said revenues in the fourth-quarter ending in December jumped 7.3% from a year ago to $7.3 million.

Net loss in the quarter narrowed to $35 million or 3 cents per diluted share compared to the $3.5 billion or $2.78 per share in the same quarter last year.

Facebook Inc (FB) gained 45 cent to $133.68 after the social media network services provider reported revenues in the fourth-quarter ending in December soared 51% from a year ago to $8.8 billion.

Net income in the quarter more than double to $3.6 billion or $1.21 per diluted share compared to the $1.6 billion or 54 cents per share in the same quarter last year.

Facebook said in December average daily active users jumped 18% to 1.23 billion and monthly active users advanced 17% to 1.86 billion.

In December, mobile average daily users jumped 23% to 1.15 billion and mobile monthly users soared 21% to 1.74 billion.

Total advertising revenues in the quarter surged 53% to $8.63 billion.

L Brands Inc (L) slipped 53 cents to $58.27 after the specialty retailer reported sales in the four-weeks ending on January 28 decreased 0.8% from a year ago month to $805.2 million and comparable store sales decline 4%.

The retailer said net sales in the fourth-quarter ending on January 28 rose 2% from a year ago to $4.49 billion but comparable sales were flat.

The specialty stores operator lifted earnings per share forecast in the fourth quarter of about $1.90 compared to the earlier estimated range of $1.85 to $2.

Merck & Co., Inc (MRK) jumped 2.7% or $1.69 to $63.79 after the healthcare products maker said sales in the fourth-quarter ending in December fell 1% from a year ago to $10.1 billion.

Net income in the quarter soared 22.9% to $1.2 billion or 42 cents per diluted share compared to the $976 million or 35 cents per share in the same quarter last year.

Merck forecasted revenues in the fiscal 2017 between $38.6 billion and $40.1 billion and diluted earnings per share in the range of $2.47 to $2.62.

Philip Morris International Inc (PM) advanced 3.1% or $2.99 to $98.94 after the tobacco products maker said revenues in the fourth-quarter ending in December jumped 4.5% from a year ago to $19.2 billion.

Net income in the quarter surged 37% to $1.7 billion or $1.10 per diluted share compared to the $1.2 billion or 80 cents per share in the same quarter last year.

Parker-Hannifin Corp (PH) soared 4.1% or $5.89 to $151.34 after the industrial machinery and equipment manufacturer stated revenues in the second-quarter ending in December fell 1.5% from a year ago to $2.7 billion.

Net income in the quarter jumped 32% to $241.4 million or $1.78 per diluted share compared to the $183.1 million or $1.33 per share in the same quarter last year.

Ralph Lauren Corp (RL) tumbled 10.7% or $9.33 to $78.01 after the lifestyle products designer and distributor said its chief executive officer Stefan Larsson, the former global president of Old Navy will be stepping down in three months to May 2017 and now searching for a new chief executive.

Separately, the lifestyle products designer said revenues in the third-quarter ending in December declined 12% from a year ago to $1.7 billion.

Net income in the quarter plunged 37.4% to $82 million or 98 cents per diluted share compared to the $131 million or $1.54 per share in the same quarter last year.

Ralph Lauren said revenues in wholesale segment plummeted 26% to $582 million and retail segment revenue decreased 2% to $1.1 billion.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc