UPS, Yum!, Marine Energy Rise

Mayank Mehta
15 Apr, 2010
New York City

United Parcel Service, Inc led gainers in the S&P 500 index. YUM! Brands, Inc comparable same-store sales increased 4%. Mariner Energy soars 41% on a merger with Apache Corp.

[R]1:00 PM New York - United Parcel Service, Inc led gainers in the S&P 500 index. YUM! Brands, Inc comparable same-store sales increased 4%. Mariner Energy soars 41% on a merger with Apache Corp.[/R]

Of the stocks in S&P 500 index, 151 increased, 333 declined and 16 were unchanged.

Apache Corporation led the decliners in the S&P 500 index with a loss of 2.5% followed by losses in Lennar Corporation of 2.0% and in W.W. Grainger, Inc of 2.0%, in Textron Inc of 1.7% and in Aflac Incorporated of 1.7%.

United Parcel Service, Inc led gainers in the S&P 500 index with a rise of 6.0% followed by gains in Teradata Corporation 4.6%, in YUM! Brands, Inc of 4.0% and in FedEx Corporation of 3.8%.

Other Movers

Alliance Financial Corporation ((ALNC)) decreased 0.3% or 9 cents to $29.79 after the finance company said first quarter net interest income rose 11% to $11.1 million from $10.0 million a year ago. Net income in the quarter rose 4% to $2.7 million or 59 cents per diluted share compared to net income of $2.6 million or 57 cents per share a year ago.

CompuCredit Holdings Corp ((CCRT)) surged 16.9% or 94 cents to $6.50 after the marketer of credit cards to subprime borrowers announced that it has commenced a cash tender offer its outstanding 3.625% convertible securities due 2025 up to the aggregate amount of $100 million and its stock for $7 a share.

Commerce Bancshares, Inc ((CBSH)) fell 0.1% or 8 cents to $41.68 after the bank reported first quarter net interest income rose 8.5% to $162.7 million from $150.0 million a year ago. Net income in the quarter rose 43.5% to $44.2 million or 53 cents per diluted share compared to net income of $30.8 million or 38 cents per share a year ago.

Cherokee Inc ((CHKE)) closed unchanged at $19.65 after the licensor and brand management portfolio operator reported fourth quarter sales rose 24.6% to $7.6 million from $6.1 million a year ago. Net income in the quarter rose 29% to $3.1 million or 35 cents per diluted share compared to net income of $2.4 million or 27 cents per share a year ago.

The Charles Schwab Corporation ((SCHW)) fell 0.5% or 11 cents to $19.24 after the finance company reported first quarter revenues fell 12% to $978 million from $1.11 billion a year ago. Net income in the quarter fell 45.4% to $119 million or 10 cents per diluted share compared to net income of $218 million or 19 cents per share a year ago.

Fairchild Semiconductor International, Inc ((FCS)) decreased 2.5% or 31 cents to $12.10 after the supplier of high performance power and mobile products reported first quarter revenues rose 69% to $378.0 million from $223.3 million a year ago. Net income in the quarter was $22.6 million or 18 cents per diluted share compared to net loss of $51.1 million or 41 cents per share a year ago.

J.B. Hunt Transport Services, Inc ((JBHT)) added 2.2% or 82 cents to $37.05 after the provider of transportation service said first quarter revenues rose 17% to $844.7 million from $722.8 million a year ago. Net income in the quarter rose 21.7% to $37.5 million or 29 cents per diluted share compared to net income of $30.8 million or 24 cents per share a year ago.

Landstar System, Inc ((LSTR)) fell 0.3% or 16 cents to $43.06 after the transportation and logistics supplier said first quarter sales rose 17% to $548.1 million from $469.2 million a year ago. Net income in the quarter rose 23.7% to $17.2 million or 34 cents per diluted share compared to net income of $13.9 million or 27 cents per share a year ago.

The Macerich Company ((MAC)) slipped 3.9% or $1.74 to $41.99 after the owner of shopping malls announced that it intends to offer 18.5 million shares of its common stock in an underwritten public offering.

Mariner Energy, Inc ((ME)) surged 38.1% or $6.90 to $24.99 after the oil and natural gas producer and Apache Corporation announced that they have entered into a merger agreement. Under the agreement, Mariner shareholders will receive, in aggregate, 0.17043 of a share of Apache common stock and $7.80 in cash for each outstanding share of Mariner’s common stock.

MGM Mirage ((MGM)) fell 6.0% or 93 cents to $14.48 after the casino owner expects a first quarter diluted loss per share of approximately 22 cents compared to earnings of 38 cents per share in the prior year first quarter.

Mission West Properties, Inc ((MSW)) rose 0.4% or 3 cents to $7.17 after the real estate investment trust said first quarter revenues rose 0.4% to $25.9 million from $25.8 million a year ago. Net income in the quarter rose 78.5% to $2.5 million or 11 cents per diluted share compared to net income of $1.4 million or 7 cents per share a year ago.

Pacific Continental Corporation ((PCBK)) surged 10.7% or $1.12 to $11.50 after the bank said first quarter net interest income fell 0.8% to $13.1 million from $13.2 million a year ago. Net income in the quarter fell 62% to $1.1 million or 6 cents per diluted share compared to net income of $2.9 million or 23 cents per share a year ago.

PPG Industries, Inc ((PPG)) rose 0.3% or 25 cents to $69.76 after the coatings and glass maker reported first quarter sales rose 12.6% to $3.13 billion from $2.78 billion a year ago. Net income in the quarter was $30 million or 18 cents per diluted share compared to net loss of $111 million or 68 cents per share a year ago.

The Princeton Review, Inc ((REVU)) declined 6.9% or 24 cents to $3.23 after the provider of college and graduate-school test-preparation services announced to sell 14 million shares of its common stock in an underwritten public offering managed by Roth Capital Partners.

Rex Stores Corporation ((RSC)) closed unchanged at $16.94 after the specialty retailer in the consumer electronics and appliance industry reported fourth quarter sales rose 288% to $77.2 million from $19.9 million a year ago. Net income in the quarter was $7.3 million or 75 cents per diluted share compared to net loss of $5.4 million or 57 cents per share a year ago.

Santarus, Inc ((SNTS)) plunged 38.4% or $2.06 to $3.30 after the biopharmaceutical company announced that the U.S. District Court for the District of Delaware has ruled that five patents covering Santarus'' ZEGERID(R) prescription products are invalid due to obviousness.

Simmons First National Corporation ((SFNC)) dropped 0.1% or 4 cents to $27.96 after a finance company reported first quarter net interest income rose 4.3% to $24.4 million from $23.4 million a year ago. Net income in the quarter fell 4% to $5.0 million or 29 cents per diluted share compared to net income of $5.2 million or 37 cents per share a year ago.

Titan Machinery Inc ((TITN)) plunged 12.1% or $1.83 to $13.20 an operator of agricultural and construction equipment stores reported fourth quarter revenues rose 33.5% to $252.3 million from $189.0 million a year ago. Net income in the quarter rose 6% to $3.4 million or 19 cents per diluted share compared to net income of $3.2 million or 18 cents per share a year ago.

United Parcel Service, Inc ((UPS)) rose 4.6% or $3.05 to $68.50 after the package-delivery company pre-announced a 37% increase in adjusted diluted earnings per share for the first quarter of 2010.

Universal Forest Products, Inc ((UFPI)) slipped 2.2% or 99 cents to $42.90 after the lumber and wood packaging producer said first quarter sales rose 8.7% to $393.0 million from $361.7 million a year ago. Net income in the quarter was $1.7 million or 5 cents per diluted share compared to net loss of $1.2 million or 6 cents per share a year ago.

Washington Federal, Inc ((WFSL)) dropped 0.05% or 1 cent to $20.50 after the bank reported second quarter net interest income rose 3.7% to $97.0 million from $93.5 million a year ago. Net income in the quarter rose 877% to $82.1 million or 73 cents per diluted share compared to net income of $8.4 million or 10 cents per share a year ago.

W&T Offshore, Inc ((WTI)) an oil and natural gas producer gained 8.7% or 96 cents to $12.00.

Winmark Corporation ((WINA)) rose 0.2% or 6 cents to $24.84 after the retail store said first quarter sales rose 5.3% to $9.8 million from $9.3 million a year ago. Net income in the quarter rose 57% to $2.2 million or 42 cents per diluted share compared to net income of $1.4 million or 26 cents per share a year ago.

Yum! Brands, Inc ((YUM)) added 2.4% or $1.02 to $42.70 after the fast-food chain operator said first quarter sales rose 6% to $2.35 billion from $2.22 billion a year ago. Net income in the quarter rose 10.5% to $241 million or 50 cents per diluted share compared to net income of $218 million or 46 cents per share a year ago.