Oracle and Accenture Gain; RiM Drops

Mayank Mehta
25 Jun, 2010
New York City

TIBCO Software Inc. led gainers in the S&P 500 index with a rise of 7.5%. KB Home''''s quarterly loss exceeds forecasts. H&R Block quarterly profit $691 million. Research In Motion quarterly profit jumps 20% but misses revenue estimates.

[R]10:45 AM New York - TIBCO Software Inc. led gainers in the S&P 500 index with a rise of 7.5%. KB Home''s quarterly loss exceeds forecasts. H&R Block quarterly profit $691 million. Research In Motion quarterly profit jumps 20%.[/R]

Synutra International, Inc. led the decliners in the S&P 500 index with a loss of 8.8% followed by losses in GEROVA Financial Group, Ltd. of 7.3% and in Research In Motion Limited of 7.0%, and in AeroVironment, Inc. of 6.2% and in KB Home of 4.8%.

Tibco Software Inc. led gainers in the S&P 500 index with a rise of 7.5% followed by gains in Accenture plc of 5.6%, in ZOLL Medical Corporation of 5.4% and in MannKind Corporation of 5.3% and in H&R Block, Inc. of 5.0%.

Other Movers

Accenture plc ((ACN)) added 2.1% or 80 cents to $38.35 after the technology outsourcing and consulting firm said third quarter revenues rose 8% to $5.57 billion from $5.15 billion a year ago. Net income in the quarter rose 10.5% to $490.6 million or 73 cents per diluted share compared to net income of $444.0 million or 68 cents per share a year ago.

AeroVironment, Inc. ((AVAV)) dropped 1.1% or 26 cents to $23.00. The aircraft maker for the military said fourth quarter revenues rose 31% to $99.4 million from $76.0 million a year ago. Net income in the quarter rose 169% to $15.6 million or 71 cents per diluted share compared to net income of $5.8 million or 27 cents per share a year ago.

AZZ incorporated ((AZZ)) traded unchanged at $38.74. The electrical products and galvanizing services provider reported first quarter sales fell 19% to $77.5 million from $95.5 million a year ago. Net income in the quarter fell 36% to $6.4 million or 51 cents per diluted share compared to net income of $10.0 million or 80 cents per share a year ago.

Blockbuster Inc. ((BBI)), the video-rental chain fell 1.7% or 5 cents to $0.28.

Duke Energy Corporation ((DUK)) rose 0.4% or 7 cents or $16.22 after the Alinda Capital Partners LLC and DukeNet Communications LLC today announced the formation of a joint venture to grow DukeNet.

H&R Block, Inc. ((HRB)) advanced 0.2% or 4 cents to $15.00. The tax preparation company said fourth quarter sales fell 5.3% to $2.34 billion from $2.47 billion a year ago. Net income in the quarter fell 2.3% to $690.8 million or $2.10 per diluted share compared to net income of $707.0 million or $2.08 per share a year ago.

ImmunoGen, Inc. ((IMGN)) rose 1.1% or 11 cents to $9.95 after the maker of anticancer drugs today announced that Sanofi-Aventis has initiated a Phase I clinical trial for an investigational antibody that targets cancer cells expressing the CD38 protein antigen.

KB Home ((KBH)) declined 4.5% or 47 cents to $11.75 after the homebuilders reported second quarter revenues fell 3% to $374.1 million from $384.5 million a year ago. Net loss in the quarter was $30.7 million or 40 cents per diluted share compared to net loss of $78.4 million or $1.03 per share a year ago.

Oracle Corporation ((ORCL)) climbed 4.0% or 89 cents to $23.11 after the database software maker said fourth quarter revenues rose 38.6% to $9.51 billion from $6.86 billion a year ago. Net income in the quarter rose 25% to $2.36 billion or 46 cents per diluted share compared to net income of $1.89 billion or 38 cents per share a year ago.

Research In Motion Limited ((RIMM)) fell 4.1% or $2.44 to $56.14. The touchscreen mobile maker said first quarter revenues rose 24% to $4.24 billion from $3.42 billion a year ago. Net income in the quarter rose 19.6% to $769.0 million or $1.38 per diluted share compared to net income of $643.0 million or $1.12 per share a year ago.

Synnex Corporation ((SNX)) fell 2.0% or 51 cents to $24.88. The technology distributor said second quarter revenues rose 13% to $2.03 billion from $1.80 billion a year ago. Net income in the quarter rose 33.3% to $24.8 million or 70 cents per diluted share compared to net income of $18.6 million or 55 cents per share a year ago.

The Finish Line, Inc. ((FINL)) dropped 4.4% or 64 cents to $13.70. The athletic footwear retailer said first quarter sales rose 9% to $282.4 million from $259.1 million a year ago. Net income in the quarter was $13.6 million or 25 cents per diluted share compared to net loss of $608,000 or 1 cent per share a year ago.

Tibco Software Inc. ((TIBX)) gained 6.2% or 71 cents to $12.05 after the business software maker said second quarter revenues rose 21.4% to $173.3 million from $142.7 million a year ago. Net income in the quarter rose 26.7% to $12.8 million or 8 cents per diluted share compared to net income of $10.1 million or 6 cents per share a year ago.