DeVry, Pfizer Rise; Dell, SanDisk Fall

Mayank Mehta
11 Jun, 2010
New York City

DeVry Inc. led gainers in the S&P 500 index with a rise of 4.4%. Danone to acquire Medical Nutrition USA, Inc.

[R]10:40 AM New York - DeVry Inc. led gainers in the S&P 500 index with a rise of 4.4%. Danone to acquire Medical Nutrition USA, Inc.[/R]

Of the stocks in S&P 500 index, 64 increased, 430 declined and 6 were unchanged.

SanDisk Corporation led the decliners in the S&P 500 index with a loss of 3.6% followed by losses in Regions Financial Corporation of 3.2% and in First Solar, Inc. of 2.9%, in The Hartford Financial Services Group, Inc. of 2.8% and in Altria Group, Inc. of 2.7%.

DeVry Inc. led gainers in the S&P 500 index with a rise of 4.4% followed by gains in Bristol-Myers Squibb Company of 3.7%, in Apollo Group, Inc. of 3.7% and in Pfizer Inc. of 3.4%.

Other Movers

ArcSight, Inc. ((ARST)) surged 10.5% or $2.09 to $21.91 after the developer of computer security software reported total revenues of $55.2 million compared to total revenues of $39.3 million reported in the fourth quarter of fiscal 2009.

Arcadia Resources, Inc. ((KAD)) traded unchanged at $0.60 after the provider of home care, medical staffing, and pharmacy services reported fourth quarter revenues fell 1.5% to $25.5 million from $25.9 million a year ago. Net loss in the quarter was $19.2 million or 11 cents per diluted share compared to net loss of $36.7 million or 27 cents per share a year ago.

BP Plc ((BP)) added 4.7% or $1.55 to $34.34 after the oil and natural-gas producer was upgraded to “hold” from “sell” at Independent Research GmbH.

Dell Inc. ((DELL)) fell 1.9% or 26 cents to $12.81 after the maker of personal computers said as a result of ongoing discussions with the staff of the U.S. Securities and Exchange Commission, the company recorded a $100 million liability in its first quarter of fiscal 2011 to establish a reserve for the potential settlement by the company of the previously reported SEC investigation.

Exide Technologies ((XIDE)) gained 5.5% or 30 cents to $5.69 after the maker and recycler of batteries announced today a new licensing agreement with Honeywell Consumer Products Group.

Finisar Corporation ((FNSR)) added 3.5% or 51 cents to $14.75 after the provider of optical subsystems and components said fourth quarter revenues rose 75.2% to $188.5 million from $107.6 million a year ago. Net income in the quarter was $14.2 million or 19 cents per diluted share compared to net loss of $25.8 million or 43 cents per share a year ago.

Herley Industries, Incon ((HRLY)) rose 1.3% or 18 cents to $13.79 after the microwave communications systems maker said third quarter sales rose 8.6% to $45.4 million from $41.8 million a year ago. Net income in the quarter rose 8.3% to $2.6 million or 19 cents per diluted share compared to net income of $2.4 million or 18 cents per share a year ago.

IDT Corporation ((IDT)) increased 6.5% or 55 cents to $8.95. The telecommunications services provider reported third quarter revenues fell 0.4% to $355.4 million from $356.9 million a year ago. Net income in the quarter was $12.6 million or 58 cents per diluted share compared to net loss of $63.4 million or $2.88 per share a year ago.

Medical Nutrition USA, Inc. ((MDNU)) surged 43.5% or $1.21 to $3.99 after the maker of Pro-Stat proteins today announced that it has entered into a merger agreement with Danone North America, Inc. under which Danone will acquire all the outstanding shares of MNI for $4.00 per share in cash, in a transaction valued at approximately $62.3 million.

National Semiconductor Corporation ((NSM)) climbed 3.2% or 42 cents to $13.53 after the semiconductor company said fourth quarter revenues rose 42% to $398.5 million from $280.8 million a year ago. Net income in the quarter was $79.2 million or 33 cents per diluted share compared to net loss of $63.7 million or 28 cents per share a year ago.

Schlumberger Limited ((SLB)), the oil-services company fell 0.8% or 52 cents to $58.65.

Thor Industries, Inc. ((THO)) fell 6.4% or $1.82 to $26.22. The maker of recreational vehicles said third quarter sales rose 64% to $680.2 million from $415.5 million a year ago. Net income in the quarter was $34.1 million or 66 cents per diluted share compared to net income of $2.1 million or 4 cents per share a year ago.