XL Capital, Vimpel Rise; SunPower Falls

123jump.com Staff
12 May, 2010
New York City

XL Capital Ltd led gainers in the S&P 500 index with a rise of 8.4%. Fidelity National shares rise on deal talk. Walt Disney quarterly net surges 55%. Electronic Arts Inc swings to a profit in fiscal fourth quarter. Ambac drops after it delays its quarterly regulatory filings.

[R]12:05 PM New York - XL Capital Ltd led gainers in the S&P 500 index with a rise of 8.4%. Fidelity National shares rise on deal talk. Walt Disney quarterly net surges 55%. Electronic Arts Inc swings to a profit in fiscal fourth quarter. Ambac drops after it delays its quarterly regulatory filings.[/R]

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

Electronic Arts Inc led the decliners in the S&P 500 index with a loss of 5.6% followed by losses in Morgan Stanley of 4.8% and in Eli Lilly and Company of 1.9%, in Spectra Energy Corp of 1.8% and in W.W. Grainger, Inc of 1.7%.

XL Capital Ltd led gainers in the S&P 500 index with a rise of 8.4% followed by gains in Huntington Bancshares Incorporated 4.4%, in Cameron International Corporation of 4.3% and in Eastman Kodak Company of 3.8 %.

Other Movers

A123 Systems, Inc ((AONE)) decreased 6.5% or 66 cents to $9.50 after the lithium-ion battery maker said first quarter revenues fell 5.3% to $23.2 million from $24.5 million a year ago. Net loss in the quarter was $18.7 million or $2.02 per diluted share compared to net loss of $29.0 million or 28 cents per share a year ago.

Achillion Pharmaceuticals, Inc ((ACHN)) surged 19.0% or 45 cents to $2.81 after the biopharmaceutical company announced positive once-daily dosing results with ACH-1625 to treat hepatitis C.

Ambac Financial Group, Inc ((ABK)) dropped 8.9% or 13 cents to $1.33 after the bond insurer said it will delay filing its form 10-Q.

Aurizon Mines Ltd ((AZK)) decreased 2.0% or 12 cents to $5.66 after the gold producer reported first quarter revenues fell 7% to $39.8 million from $42.9 million a year ago. Net income in the quarter fell 56% to $2.2 million or 1 cent per diluted share compared to net income of $5.0 million or 3 cents per share a year ago.

Ctrip.com International Ltd ((CTRP)) added 3.7% or $1.38 to $37.93 after the online travel agent said first quarter sales rose 46.3% to Rmb 627.2 million from Rmb 428.6 million a year ago. Net income in the quarter rose 57% to Rmb 190.4 million or Rmb 1.30 per ADS compared to net income of Rmb 121.4 million or Rmb 89 cents per ADS a year ago.

Deutsche Telekom AG ((DT)) rose 0.8% or 10 cents to $11.47 an integrated telecommunications provider said first quarter revenues fell 0.6% to €15.8 billion from €15.9 billion a year ago. Net loss for the quarter was €767 million or €0.18 per diluted share compared to net income of €1.12 billion or €0.26 per share a year ago.

Electronic Arts Inc ((ERTS)) declined 4.1% or 77 cents to $18.03 after the video game publisher said fourth quarter sales rose 14% to $979.0 million from $860.0 million a year ago. Net income in the quarter was $30.0 million or 9 cents per diluted share compared to net loss of $42.0 million or 13 cents per share a year ago.

Fidelity National Information Services, Inc ((FIS)) added 4.9% or $1.44 to $30.30 after the payment-processing company is pursued by three private-equity firms led by Blackstone Group for a $15 billion buyout.

Given Imaging Ltd ((GIVN)) fell 1.2% or 26 cents to $21.05 after the seller of ingestible video capsules said first quarter revenues rose 5% to $32.1 million from $30.5 million a year ago. Net income in the quarter rose 778.7% to $2.1 million or 7 cents per diluted share compared to net income of $239,000 or 1 cent per share a year ago.

Kelly Services, Inc ((KELYA)) rose 1.5% or 26 cents to $16.63 after the provider of workforce solutions reported first quarter revenues rose 8.4% to $1.13 billion from $1.04 billion a year ago. Net loss in the quarter was $2 million or 6 cents per diluted share compared to net loss of $15.5 million or 45 cents per share a year ago.

Kubota Corporation ((KUB)) fell 1.8% or 79 cents to $41.99 after the manufacturer of farm equipments said fiscal year 2010 revenues fell 16% to ¥930.6 billion from ¥1.11 trillion a year ago. Net income in the year fell 12% to ¥42.3 billion or ¥33.28 per diluted share compared to net income of ¥48.1 billion or ¥37.68 per share a year ago.

Macy’s, Inc ((M)) advanced 2.4% or 59 cents to $24.49 after the department store operator reported first quarter sales rose 7% to $5.57 billion from $5.20 billion a year ago. Net income in the quarter was $23 million or 5 cents per diluted share compared to net loss of $88 million or 21 cents per share a year ago.

Marshall & Ilsley Corporation ((MI)) added 3.2% or 29 cents to $9.28 after the financial services company was upgraded to “overweight” from “equal weight” at Morgan Stanley.

McKesson Corporation ((MCK)) rose 2.1% or $1.42 to $67.52 after the pharmaceutical distributor was upgraded to “buy” from “neutral” at Goldman Sachs Group Inc.

Morgan Stanley ((MS)) fell 4.6% or $1.33 to $27.05 on the media reports that the broker is investigated by U.S. regulators.

Semiconductor Manufacturing International Corporation ((SMI)) decreased 0.6% or 3 cents to $4.68 after the chip maker said first quarter sales rose 5.6% to $351.7 million from $333.1 million a year ago. Net loss in the quarter was $181.9 million or 41 cents per ADS compared to net loss of $617.7 million or $1.38 per ADS a year ago.

SunPower Corporation ((SPWRA)) fell 4.3% or 66 cents to $14.63 after the solar products and services company reported first quarter revenues rose 64% to $347.3 million from $211.6 million a year ago. Net income in the quarter was $12.6 million or 13 cents per diluted share compared to net loss of $9.9 million or 12 cents per share a year ago.

Systemax Inc ((SYX)) dropped 0.6% or 14 cents to $21.50 after the marketer of brand name and private label products said first quarter sales rose 21.7% to $915.2 million from $752.3 million a year ago. Net income in the quarter rose 35.6% to $11.8 million or 31 cents per diluted share compared to net income of $8.7 million or 23 cents per share a year ago.

Toyota Motor Corporation ((TM)) fell 0.7% or 56 cents to $76.90 after the automaker said fiscal year 2010 revenues fell 7.7% to ¥18.95 trillion from ¥20.53 trillion a year ago. Net income in the year was ¥209.4 billion or ¥66.79 per diluted share compared to net loss of ¥437 billion or ¥139.13 per share a year ago.

Transocean Ltd ((TRA)) the oil driller rose 0.3% or 21 cents to $69.07.

Towers Watson & Co ((TW)) fell 0.5% or 25 cents to $48.19 after the global professional services company reported third quarter sales rose 93% to $804 million from $417 million a year ago. Net income in the quarter fell 78.3% to $8.8 million or 12 cents per diluted share compared to net income of $40.6 million or 95 cents per share a year ago.

The Walt Disney Company ((DIS)) fell 3.5% or $1.27 to $34.49 after the entertainment company said second quarter sales rose 6.2% to $8.6 billion from $8.1 billion a year ago. Net income in the quarter rose 55.5% to $953.0 million or 49 cents per diluted share compared to net income of $613.0 million or 33 cents per share a year ago.

WuXi PharmaTech (Cayman) Inc ((WX)) rose 0.1% or 3 cents to $18.00 after the pharmaceutical research outsourcing firm said first quarter revenues rose 36.4% to $80.6 million from $59.1 million a year ago. Net income in the quarter rose 32.3% to $15.5 million or 21 cents per ADS compared to net income of $11.7 million or 16 cents per ADS a year ago.