Sybase, Whole Foods Rise; Cisco Falls

Mayank Mehta
13 May, 2010
New York City

Cisco Systems, Inc led the decliners in the S&P 500 index with a loss of 3.4% after it reported quarterly profit increase of 63%. SAP AG agrees to acquire Sybase for $5.8 billion. Whole Foods quarterly sales increased 13% and net surged 147%. Urban Outfitters quarterly net rose 72%.

[R]12:10 PM New York - Cisco Systems, Inc led the decliners in the S&P 500 index with a loss of 3.4% after it reported quarterly profit increase of 63%. SAP AG agrees to acquire Sybase for $5.8 billion. Whole Foods quarterly sales increased 13% and net surged 147%. Urban Outfitters quarterly net rose 72%. Kohl’s quarterly net increased 45%.[/R]

Of the stocks in S&P 500 index, 110 increased, 383 declined and 7 were unchanged.

Cisco Systems, Inc led the decliners in the S&P 500 index with a loss of 3.4% followed by losses in Fiserv, Inc of 3.2% and in Jabil Circuit, Inc of 2.9%, in Devon Energy Corporation of 2.8% and in D.R. Horton, Inc of 2.7%.

Whole Foods Market, Inc led gainers in the S&P 500 index with a rise of 6.9% followed by gains in Teradata Corporation 4.7%, in United States Steel Corporation of 3.7% and in Sprint Nextel Corporation of 3.1%.

Other Movers

Aegean Marine Petroleum Network Inc. ((ANW)) added 6.2% or $1.57 to $26.65 after the supplier of refined marine fuel and lubricants said third quarter revenues rose 131% to $843.4 million from $365.4 million a year ago. Net income in the quarter rose 220.5% to $14.1 million or 30 cents per diluted share compared to net income of $4.4 million or 10 cents per share a year ago.

Allied Nevada Gold Corp ((ANV)) declined 5.6% or $1.23 to $20.52 after the gold producer announced C$273 million bought deal financing.

American Superconductor Corporation ((AMSC)) added 5.4% or $1.60 to $30.84 after the maker of electrical systems for wind farms and turbines reported fourth quarter revenues rose 43% to $87.6 million from $61.2 million a year ago. Net income in the quarter rose 277% to $4.9 million or 11 cents per diluted share compared to net income of $1.3 million or 3 cents per share a year ago.

Amedisys, Inc ((AMED)) the health-care company decreased 7.2% or $4.10 to $52.11.

BT Group plc ((BT)) increased 9.1% or $1.64 to $19.57 after the telecom company said fourth quarter revenues fell 2% to £5.36 billion from £5.47 billion a year ago. Net income for the quarter was £251 million or 2.7 pence per diluted share compared to net loss of £1.3 billion or 13.1 pence per share a year ago.

CAE Inc ((CAE)) fell 0.1% or 1 cent to $9.54 after the supplier of simulation tools and equipments reported fourth quarter revenues fell 10% to $395.9 million from $438.8 million a year ago. Net income in the quarter fell 23% to $40.5 million or 16 cents per diluted share compared to net income of $52.7 million or 21 cents per share a year ago.

Cenveo, Inc ((CVO)) advanced 1.1% or 9 cents to $7.97 after the printing company said third quarter sales rose 10% to $454.0 million from $412.1 million a year ago. Net loss in the quarter was $11.1 million or 18 cents per diluted share compared to net loss of $4.3 million or 8 cents per share a year ago.

Cisco Systems, Inc ((CSCO)) fell 1.6% or 44 cents to $26.30 after the maker of routers and switches said third quarter sales rose 27% to $10.4 billion from $8.2 billion a year ago. Net income in the quarter rose 63% to $2.2 billion or 37 cents per diluted share compared to net income of $1.35 billion or 23 cents per share a year ago.

E-House (China) Holdings Limited ((EJ)) dropped 3.6% or 56 cents to $14.78 after the real estate services company reported first quarter sales rose 117.7% to $71.4 million from $32.8 million a year ago. Net income in the quarter rose 49% to $10.6 million or 13 cents per diluted share compared to net income of $7.1 million or 9 cents per share a year ago.

eBay Inc ((EBAY)) added 2.3% or 53 cents to $23.04 after the online auctioneer was upgraded to “overweight” from “equal weight” at Morgan Stanley.

Globe Specialty Metals, Inc ((GSM)) fell 0.4% or 5 cents to $12.03 after the producer of silicon metal said third quarter sales rose 48% to $112.5 million from $76.1 million a year ago. Net income in the quarter fell 45% to $516,000 or 1 cent per diluted share compared to net income of $937,000 or 1 cent per share a year ago.

Halliburton Company ((HAL)) rose 3.1% or 91 cents to $30.00 after the oilfield contractor was upgraded to “outperform” from “market perform” at FBR Capital Markets.

InterOil Corporation ((IOC)) dropped 1.7% or $1.08 to $60.10 after the energy company said first quarter sales rose 10.6% to $178.8 million from $161.6 million a year ago. Net loss in the quarter was $3.1 million or 7 cents per diluted share compared to net income of $2.6 million or 7 cents per share a year ago.

Jinpan International Limited ((JST)) slipped 4.0% or 69 cents to $16.25 after the manufacturer of cast resin transformers said first quarter sales fell 39.3% to $19.6 million from $32.4 million a year ago. Net income in the quarter fell 76.6% to $1.1 million or 7 cents per diluted share compared to net income of $4.7 million or 29 cents per share a year ago.

Kohl’s Corporation ((KSS)) fell 1.5% or 86 cents to $56.29 after the department store operator reported first quarter sales rose 11% to $4.04 billion from $3.64 billion a year ago. Net income in the quarter rose 45% to $199 million or 64 cents per diluted share compared to net income of $137 million or 45 cents per share a year ago.

The Middleby Corporation ((MIDD)) climbed 3.3% or $2.01 to $62.75 after the manufacturer of restaurant and foodservice cooking equipment said first quarter sales fell 11.5% to $160.7 million from $181.5 million a year ago. Net income in the quarter fell 2% to $13.8 million or 74 cents per diluted share compared to net income of $14.1 million or 77 cents per share a year ago.

PSS World Medical, Inc ((PSSI)) dropped 4.0% or 95 cents to $22.50 after the distributor of medical products and equipment said fourth quarter sales rose 5.6% to $496.9 million from $469.7 million a year ago. Net income in the quarter rose 19.6% to $16.5 million or 28 cents per diluted share compared to net income of $13.8 million or 23 cents per share a year ago.

Silver Wheaton Corp ((SLW)) advanced 2.2% or 46 cents to $20.49 after the mining company said first quarter sales rose 128.5% to $85.9 million from $37.6 million a year ago. Net income in the quarter rose 195% to $44.6 million or 13 cents per diluted share compared to net income of $15.1 million or 6 cents per share a year ago.

Sony Corporation ((SNE)) dropped 1.6% or 56 cents to $32.68 after the maker of consumer electronics said fiscal year 2010 revenues fell 6.7% to ¥7.21 trillion from ¥7.73 trillion a year ago. Net loss in the year was ¥40.8 billion or ¥40.66 per diluted share compared to net loss of ¥98.9 billion or ¥98.59 per share a year ago.

Spartan Stores Inc ((SPTN)) rose 2.6% or 39 cents to $15.20 after the grocery store chain said fourth quarter sales fell 4% to $558.8 million from $581.3 million a year ago. Net income in the quarter fell 62% to $3.2 million or 14 cents per diluted share compared to net income of $8.4 million or 38 cents per share a year ago.

Sybase, Inc ((SY)) surged 14.6% or $8.23 to $64.37 after the SAP AG maker of business-management software agreed to acquire Sybase Inc. in a transaction valued at $5.8 billion.

Rock-Tenn Company ((RKT)) added 2.7% or $1.38 to $51.96 after the maker of cardboard boxes and promotional displays maker will replace Varian Inc. in the S&P MidCap 400 index, and LSB Industries Inc. will replace Rock-Tenn in the S&P SmallCap 600 index after the close of trading on a date to be announced.

Sprint Nextel Corporation ((S)) rose 3.6% or 15 cents to $4.30 after the mobile-phone carrier was upgraded the stock from “market perform” to “outperform” at Raymond James.

Telefonica S.A. ((TEF)) dropped 3.2% or $2.00 to $58.71 after the telecommunications company said first quarter sales rose 1.5% to €13.9 billion from €13.7 billion a year ago. Net income for the quarter rose 2.5% to €1.66 billion compared to net income of €1.62 billion a year ago.

URS Corporation ((URS)) increased 5.0% or $2.44 to $51.09 after the engineering company said first quarter revenues fell 12.3% to $2.21 billion from $2.52 billion a year ago. Net income in the quarter rose 26.6% to $95.6 million or $1.17 per diluted share compared to net income of $75.5 million or 92 cents per share a year ago.

Urban Outfitters, Inc ((URBN)) fell 2.7% or $1.10 to $38.31 after the retailer reported first quarter sales rose 25% to $480 million from $384.8 million a year ago. Net income in the quarter rose 72% to $53.0 million or 31 cents per diluted share compared to net income of $30.8 million or 18 cents per share a year ago.

United States Steel Corporation ((X)) added 2.1% or $1.20 to $56.23 after the domestic steelmaker was added to Goldman Sachs Group Inc.’s “conviction buy” list.

VanceInfo Technologies Inc ((VIT)) plunged 10.4% or $2.62 to $22.37 an information technology service provider reported first quarter revenues rose 47% to $44.3 million from $30.1 million a year ago. Net income in the quarter rose 73.7% to $6.6 million or 15 cents per diluted share compared to net income of $3.8 million or 10 cents per share a year ago.

Wendy’s/Arby’s Group, Inc ((WEN)) fell 3.3% or 17 cents to $4.92 after the owner of Wendy''s and Arby''s restaurants reported first quarter revenues fell 3% to $837.4 million from $864.0 million a year ago. Net loss in the quarter was $3.4 million or 1 cent per diluted share compared to net loss of $10.9 million or 2 cents per share a year ago.

Whole Foods Market, Inc. ((WFMI)) increased 6.4% or $2.60 to $42.85 after the natural and organic grocery chain said second quarter sales rose 13.4% to $2.11 billion from $1.86 billion a year ago. Net income in the quarter rose 147.3% to $67.5 million or 39 cents per diluted share compared to net income of $27.3 million or 19 cents per share a year ago.