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STOCK MOVERS

U.S. Movers: CNA Financial, Dycom, First Data, General Dynamics, Loews


Author: Mukesh Buch
ticker.com
Last Update: 12:11 PM EST February 12 2018

12:05 PM New York City, New York CNA Financial beats earnings estimates. Dycom declined after weak fiscal outlook. Diamond Offshore Drilling net swung to a loss and revenues declined 12%. First Data upbeat fourth-quarter earnings result. General Dynamics to buy CSRA for $6.8 billion. Loews net jumped.

Tollbooth Index soared 182.62 or 1.3% to 13,856.82.

Earnings Review

CNA Financial Corp (CNA) jumped 3.2% or $1.58 to $50.78 after the insurance services provider said net written premiums in the fourth-quarter ending in December rose 2% from a year ago to $2.4 billion.

Net income in the quarter declined 7.5% to $223 million or 82 cents per diluted share from $241 million or 89 cents in the same quarter last year.

Dycom Industries, Inc (DY) dropped 2.5% or $2.81 to $108.55 after the construction services provider forecasted fiscal 2019 revenues in the range of $3.30 billion to $3.50 billion and diluted earnings per share between 4.78 and $5.70.

Diamond Offshore Drilling Inc (DO) slumped 2.8% or 40 cents to $14.49 after the oil and gas drilling services provider stated revenues in the fourth-quarter ending in December declined 12% from a year ago to $346.2 million.

Net in the quarter swung to a loss of $31.9 million or 23 cents per diluted share from profit of $116.1 million or 85 cents in the same quarter last year.

First Data Corp (FDC) advanced 3.2% or 51 cents to $16.34 after the payment technology and solutions provider said revenues in the fourth-quarter ending in December soared 7% from a year ago to $3.2 billion.

Net income in the quarter surged to $948 million or $1 per diluted share from $192 million or 21 cents in the same quarter last year.

General Dynamics Corporation (GD) slipped 1.1% or $2.29 to $209.60 after the defense contractor plans to acquire smaller rival and information technology provider to the U.S. Department of Defense, CSRA Inc for $40.75 per share in cash or about $6.8 billion.

CSRA Inc stock surged 31.3% to $40.47.

Heartland Express, Inc (HTLD) plunged 4.1% or 85 cents to $19.77 after the truckload services provider said revenues in the fourth-quarter ending in December jumped 18.3% from a year ago to $165.7 million.

Net income in the quarter soared to $38.6 million or 46 cents per diluted share from profit of $13.1 million or 16 cents in the same quarter last year.

Loews Corporation (L) increased 1.1% or 56 cents to $47.26 after the property and casualty insurance provider reported revenues in the fourth-quarter ending in December increased 6.6% from a year ago to $3.6 billion.

Net income in the quarter jumped 65.9% to $481 million or $1.43 per diluted share from $290 million or 86 cents in the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc