Schlumberger, Merck Rise; Qualcomm, Amazon Fall

123jump.com Staff
23 Apr, 2010
New York City

Xerox Corporation led gainers in the S&P 500 index with a rise of 8.1%. Capital One reports quarterly profit of $636.3 million. Microsoft net rises 35% in third quarter. Amazon earnings jump 69% in first quarter. Dover shares surge 10% after earnings. CMS Energy profit rises 21%.

[R]1:00 PM New York - Xerox Corporation led gainers in the S&P 500 index with a rise of 8.1%. Capital One reports quarterly profit of $636.3 million. Microsoft net rises 35% in third quarter. Amazon earnings jump 69% in first quarter. Dover shares surge 10% after earnings. CMS Energy profit rises 21%. Xerox swung to a quarterly loss.[/R]

Of the stocks in S&P 500 index, 149 increased, 344 declined and 7 were unchanged.

Rockwell Collins, Inc led the decliners in the S&P 500 index with a loss of 4.7% followed by losses in DeVry Inc of 4.0% and in ProLogis of 2.9%, in The New York Times Company of 2.6% and in Federated Investors, Inc of 2.5%.

Xerox Corporation led gainers in the S&P 500 index with a rise of 8.1% followed by gains in Dover Corporation 7.7%, in Western Digital Corporation of 7.4% and in Lennar Corporation 6.8%.

Other Movers

Acura Pharmaceuticals, Inc ((ACUR)) plunged 43.5% or $2.57 to $3.33 after the company and King Pharmaceuticals, Inc. announced that the Food and Drug Administration committees voted that they do not have enough evidence to support the approval of the New Drug Application for Acurox(R) tablets for the treatment of moderate to severe pain.

Amcol International Corporation ((ACO)) gained 5.3% or $1.54 to $30.60 after the producer of specialty minerals first quarter sales rose 6.4% to $175.0 million from $164.4 million a year ago. Net income in the quarter rose 45% to $6.1 million or 20 cents per diluted share compared to net income of $4.2 million or 14 cents per share a year ago.

Amazon.com, Inc ((AMZN)) decreased 4.8% or $7.32 to $142.77 after the online retail company said first quarter sales rose 46% to $7.13 billion from $4.89 billion a year ago. Net income in the quarter rose 69% to $299 million or 66 cents per diluted share compared to net income of $177 million or 41 cents per share a year ago.

American Express Company ((AXP)) added 1.3% or 62 cents to $47.39 after the credit-card giant said first quarter revenues rose 11.5% to $6.61 billion from $5.93 billion a year ago. Net income in the quarter rose 102.5% to $885 million or 73 cents per diluted share compared to net income of $437 million or 31 cents per share a year ago.

Arthur J. Gallagher & Co ((AJG)) added 2.1% or 55 cents to $26.31 after the insurance broker said first quarter revenues rose 20.3% to $482.4 million from $401.1 million a year ago. Net income in the quarter rose 10.6% to $29.2 million or 28 cents per diluted share compared to net income of $26.4 million or 27 cents per share a year ago.

Bucyrus International, Inc ((BUCY)) the mining-equipment maker fell 6% or $4.31 to $66.50.

Capital One Financial Corporation ((COF)) advanced 5.6% or $2.55 to $48.10 after the financial services company said first quarter revenues rose 49% to $4.29 billion from $2.88 billion a year ago. Net income in the quarter was to $636.3 million or $1.40 per diluted share compared to net loss of $172.3 million or 44 cents per share a year ago.

The Chubb Corporation ((CB)) rose 0.3% 18 cents to $52.49 after the insurance company said first quarter net premiums written rose 1% to $2.77 billion from $2.74 billion a year ago. Net income in the quarter rose 36% to $464 million or $1.39 per diluted share compared to net income of $341 or 95 cents per share a year ago.

The Cheesecake Factory ((CAKE)) slipped 5.6% or $1.71 to $28.75 after the restaurant said first quarter revenues rose 3.2% to $405.4 million from $392.8 million a year ago. Net income in the quarter rose 87% to $18.7 million or 31 cents per diluted share compared to net income of $10.0 million or 17 cents per share a year ago.

CMS Energy Corporation ((CMS)) fell 0.3% or 5 cents to $15.75 an energy company reported first quarter sales fell 6% to $1.97 billion from $2.10 billion a year ago. Net income in the quarter rose 21.4% to $85 million or 34 cents per diluted share compared to net income of $70 million or 30 cents per share a year ago.

Costco Wholesale Corporation ((COST)) rose 0.4% or 28 cents to $60.50 after the warehouse club said it’s raising the quarterly dividend on its shares to 20.5 cents from 18 cents previously.

Cymer, Inc. ((CYMI)) declined 7.1% or $2.82 to $36.87 after the supplier of light sources said first quarter revenues rose 101.4% to $113.8 million from $56.5 million a year ago. Net income in the quarter was $16.0 million or 53 cents per diluted share compared to net loss of $11.5 million or 39 cents per share a year ago.

Developers Diversified Realty Corporation ((DDR)) fell 1.6% or 21 cents to $12.90 after the real estate investment trust said first quarter revenues fell 0.5% to $206.7 million from $207.7 million a year ago. Net loss in the quarter was $34.8 million or 15 cents per diluted share compared to net income of $76.8 million or 59 cents per share a year ago.

Dover Corporation ((DOV)) slipped 0.06% or 3 cents to $50.22 after the diversified manufacturer of industrial products reported first quarter sales rose 15% to $1.58 billion from $1.38 billion a year ago. Net income in the quarter rose 102.4% to $108.1 million or 58 cents per diluted share compared to net income of $53.4 million or 29 cents per share a year ago.

Gardner Denver, Inc. ((GDI)) rose 1.6% or 77 cents to $48.57 after the maker of air compressors and pumps said first quarter revenues fell 8.7% to $422.2 million from $462.5 million a year ago. Net income in the quarter was $32.0 million or 61 cents per diluted share compared to net loss of $249.2 million or $4.81 per share a year ago.

Hittite Microwave Corporation ((HITT)) added 2.1% or $1.01 to $47.70 after the semiconductor maker said first quarter revenues rose 42% to $54.2 million from $38.2 million a year ago. Net income in the quarter rose 58% to $16.1 million or 54 cents per diluted share compared to net income of $10.2 million or 34 cents per share a year ago.

Honeywell International Inc ((HON)) fell 0.7% or 34 cents to $47.10 after the technology and manufacturing company reported first quarter sales rose 3% to $7.78 billion from $7.57 billion a year ago. Net income in the quarter fell 3% to $386 million or 50 cents per diluted share compared to net income of $397 million or 54 cents per share a year ago.

Idexx Laboratories, Inc ((IDXX)) dropped 1.1% or 70 cents to $59.70 after the veterinary, food and water testing products maker reported first quarter sales rose 13.5% to $268.5 million from $236.5 million a year ago. Net income in the quarter rose 26.4% to $33.0 million or 55 cents per diluted share compared to net income of $26.1 million or 43 cents per share a year ago.

Ingersoll-Rand plc ((IR)) dropped 4.4% or $1.75 to $37.25 after the maker of security technology and industrial products reported first quarter sales rose 0.7% to $2.95 billion from $2.93 billion a year ago. Net income in the quarter was $1.4 million or break even per diluted share compared to net loss of $26.7 million or 8 cents per share a year ago.

Johnson Controls, Inc ((JCI)) rose 3.4% or $1.19 to $36.20 after the maker of building systems and automotive parts reported second quarter sales rose 31.6% to $8.32 billion from $6.32 billion a year ago. Net income in the quarter was $274 million or 40 cents per diluted share compared to net loss of $193 million or 33 cents per share a year ago.

L.B. Foster Company ((FSTR)) fell 2.7% or 90 cents to $31.43 after the manufacturer of products and services for the rail, construction, energy markets said first quarter sales fell 19% to $82.0 million from $101.6 million a year ago. Net income in the quarter fell 40% to $1.8 million or 17 cents per diluted share compared to net income of $3.0 million or 29 cents per share a year ago.

M.D.C. Holdings, Inc ((MDC)) rose 0.09% or 3 cents to $37.14 after the homebuilder reported first quarter sales fell 16.4% to $147.1 million from $175.9 million a year ago. Net loss in the quarter was $20.9 million or 45 cents per diluted share compared to net loss of $40.9 million or 88 cents per share a year ago.

Microsoft Corporation ((MSFT)) decreased 2.8% or 90 cents to $30.49 after the software company said third quarter revenues rose 6.6% to $14.5 billion from $13.6 billion a year ago. Net income in the quarter rose 34.5% to $4.01 billion or 45 cents per diluted share compared to net income of $2.98 billion or 33 cents per share a year ago.

Schlumberger Limited ((SLB)) rose 2.3% or $1.57 to $69.75 after the oilfield services provider reported first quarter sales fell 6.7% to $5.6 billion from $6.0 billion a year ago. Net income in the quarter fell 28.3% to $672 million or 56 cents per diluted share compared to net income of $938 million or 78 cents per share a year ago.

Synaptics Incorporated ((SYNA)) gained 8.5% or $2.60 to $33.10 after the maker of touch pads for digital music players and electronic devices said third quarter revenue increased 16% to $116.2 million from $100.6 million a year ago and said it plans to buy additional $100 million approved for share repurchase program.

T. Rowe Price Group, Inc ((TROW)) rose 0.2% or 13 cents to $59.11 after the financial services company reported first quarter revenues rose 44.6% to $556.2 million from $384.5 million a year ago. Net income in the quarter rose 218% to $153.0 million or 57 cents per diluted share compared to net income of $48.2 million or 19 cents per share a year ago.

The Travelers Companies, Inc ((TRV)) fell 0.3% or 20 cents to $53.59 after the property insurer said board of directors approves a 9% increase in the company''s regular quarterly dividend per share to 36 cents.

Western Digital Corporation ((WDC)) increased 5.8% or $2.39 to $43.00 after the maker of computer hard-disk drives shares were upgraded to “buy” from “hold” at Stifel Nicolaus & Co. and to “outperform” from “neutral” at Robert W. Baird & Co.

Woodward Governor Company ((WGOV)) fell 1.8% or 62 cents to $32.50 after the manufacturer of energy control systems said second quarter sales rose 4.5% to $349.4 million from $334.7 million a year ago. Net income in the quarter rose 30.3% to $24.1 million or 34 cents per diluted share compared to net income of $18.5 million or 27 cents per share a year ago.

Xerox Corporation ((XRX)) gained 7.2% or 76 cents to $11.21 after supplier of digital printer and document management services reported first quarter sales rose 33% to $4.72 billion from $3.55 billion a year ago. Net loss in the quarter was $42 million or 4 cents per diluted share compared to net income of $42 million or 5 cents per share a year ago.