CA, Netflix Decline; AutoNation, eBay Rise

Arthi Gupta
22 Jul, 2010
New York City

SLM Corporation led the decliners in the S&P 500 index with a loss of 0.09%. 3M net income rises 43% and boost profit outlook. Baidu''s second quarter profit jumps 118.5%. Xilinx profit spikes as sales rise 58%. ABB''s second quarter profit declines 8%. AT&T profit climbs 25% in second quarter.

[R]11:00 AM New York - SLM Corporation led the decliners in the S&P 500 index with a loss of 0.09%. 3M net income rises 43% and boost profit outlook. Baidu''s second quarter profit jumps 118.5%. Xilinx profit spikes as sales rise 58%. ABB''s second quarter profit declines 8%. AT&T profit climbs 25% in second quarter. Caterpillar net income jumps 91%.[/R]

SLM Corporation led the decliners in the S&P 500 index with a loss of 0.09% followed by losses in Stryker Corporation of 1.1% and in Netflix, Inc. of 1.2%, and in Smith & Nephew plc of 1.4% and in Quest Diagnostics Incorporated of 0.9%.

Cytec Industries Inc. led gainers in the S&P 500 index with a rise of 16.5% followed by gains in Isilon Systems, Inc. of 13.5%, in F5 Networks, Inc. of 13.2% and in Syntel, Inc. of 9.5% and in Textron Inc. of 9.2%.

Other Movers

3M Company ((MMM)) decreased 2.4% or $5.65 to $227.60 after the diversified technology company reported second quarter revenues rose 17.5% to $6.7 billion from $5.7 billion a year ago. Net income in the quarter rose 43% to $1.1 billion or $1.54 per diluted share compared to net income of $783 million or $1.12 per share a year ago.

ABB Ltd. ((ABB)) added 5.8% or $1.07 to $19.52 after the provider of power and automation technologies company reported second quarter revenues fell 4.4% to $7.57 billion from $7.92 billion a year ago. Net income in the quarter fell 8% to $623 million or $0.27 per diluted share compared to net income of $675 million or $0.30 per share a year ago.

Affymetrix, Inc. ((AFFX)) rose 1.1% or 5 cents to $4.37 after the maker of genetic testing technology said second quarter revenues fell 12% to $71.7 million from $81.6 million a year ago. Net loss in the quarter was $5.5 million or 8 cents per diluted share compared to net income of $7.3 million or 11 cents per share a year ago.

Alliance Data Systems Corporation ((ADS)) rose 0.1% or 6 cents to $57.26 after the private label credit card and marketing company said second quarter revenues rose 12% to $669.8 million from $457.5 million a year ago. Net income in the quarter rose 61% to $47.3 million or 83 cents per diluted share compared to net income of $29.4 million or 51 cents per share a year ago.

Amphenol Corporation ((APH)) rose 0.09% or 4 cents to $42.50 after the maker of electrical cable and related equipment said second quarter revenues rose 29% to $884.8 million from $685.2 million a year ago. Net income in the quarter rose 73% to $129.7 million or 74 cents per diluted share compared to net income of $74.9 million or 43 cents per share a year ago.

AutoNation, Inc. ((AN)) climbed 5.3% or $1.13 to $22.40 after the automotive retailer reported second quarter revenues rose 19% to $3.1 billion from $2.6 billion a year ago. Net income in the quarter rose 28.6% to $47.2 million or 29 cents per diluted share compared to net income of $36.7 million or 21 cents per share a year ago.

AT&T Inc. ((T)) advanced 0.7% or 19 cents to $25.11 after the provider of telecommunications services reported second quarter revenues rose 0.6% to $30.8 billion from $30.6 billion a year ago. Net income in the quarter rose 25.6% to $4.02 billion or 68 cents per diluted share compared to net income of $3.2 billion or 54 cents per share a year ago.

Baidu, Inc. ((BIDU)) rose 3.1% or $2.33 to $75.64 after the Chinese-language Internet search provider said second quarter revenues rose 74% to 1.91 billion yuan from 1.10 billion yuan a year ago. Net income in the quarter rose 119% to 837.4 million yuan or 2.40 yuan per ADS compared to net income of 383.3 million yuan or 1.10 yuan per ADS a year ago.

Baxter International Inc. ((BAX)) fell 2.1% or 91 cents to $41.80 after the medical product company reported second quarter revenues rose 3% to $3.2 billion from $3.1 billion a year ago. Net income in the quarter fell 9% to $535 million or 90 cents per diluted share compared to net income of $587 million or 96 cents per share a year ago.

BB&T Corporation ((BBT)) fell 2.4% or 64 cents to $25.91 after the bank reported second quarter net interest income rose 19% to $1.36 billion from $1.14 billion a year ago. Net income in the quarter rose 74% to $210 million or 30 cents per diluted share compared to net income of $121 million or 20 cents per share a year ago.

Bristol-Myers Squibb Company ((BMY)) decreased 1.0% or 27 cents to $24.75 after the drugmaker reported second quarter revenues rose 2% to $4.77 billion from $4.67 billion a year ago. Net income in the quarter fell 6% to $927 million or 53 cents per diluted share compared to net income of $983 million or 49 cents per share a year ago.

CA, Inc. ((CA)) declined 3.2% or 63 cents to $18.75 after the business management software company said first quarter revenues rose 5% to $1.09 billion from $1.04 billion a year ago. Net income in the quarter rose 11% to $217 million or 42 cents per diluted share compared to net income of $195 million or 37 cents per share a year ago.

Caterpillar Inc. ((CAT)) rose 0.6% or 44 cents to $67.31 after the heavy machinery manufacturer reported second quarter revenues rose 30% to $10.4 billion from $8 billion a year ago. Net income in the quarter rose 91% to $707 million or $1.09 per diluted share compared to net income of $371 million or 60 cents per share a year ago.

Credit Suisse Group AG ((CS)) fell 1.6% or 68 cents to $41.31 after the financial services company said second quarter revenues fell 2% to Sfr 8.4 billion from Sfr 8.6 billion a year ago. Net profit for the quarter rose 1.3% to Sfr 1.59 billion or Sfr 1.15 per diluted share compared to of net profit of Sfr 1.57 billion or Sfr 1.18 per share a year ago.

Cohen & Steers, Inc. ((CNS)) decreased 2.7% or 54 cents to $19.41 after the real estate funds manager said second quarter revenues rose 7% to $44.2 million from $41.3 million a year ago. Net income in the quarter was $11.6 million or 27 cents per diluted share compared to net loss of $6.4 million or 15 cents per share a year ago.

Cohu, Inc. ((COHU)) dropped 2.9% or 38 cents to $12.70 after the supplier of test handling, burn-in and thermal solutions said second quarter revenues rose 95% to $74.9 million from $38.4 million a year ago. Net income in the quarter was $6.7 million or 28 cents per diluted share compared to net loss of $22.6 million or 97 cents per share a year ago.

Core Laboratories N.V. ((CLB)) rose 0.3% or 25 cents to $82.25 after the service provider for oil companies said second quarter revenues rose 19% to $198.9 million from $167.3 million a year ago. Net income in the quarter rose 15% to $34.2 million or 71 cents per diluted share compared to net income of $29.8 million or 64 cents per share a year ago.

Danaher Corporation ((DHR)) rose 1.0% or 41 cents to $38.21 after the diversified manufacturer reported second quarter revenues rose 22% to $3.3 billion from $2.7 billion a year ago. Net income in the quarter rose 26% to $372.5 million or 55 cents per diluted share compared to net income of $295.7 million or 44 cents per share a year ago.

eBay Inc. ((EBAY)) rose 3.2% or 66 cents to $20.83 after the online auction site operator said second quarter revenues rose 6% to $2.2 billion from $2.1 billion a year ago. Net income in the quarter rose 26% to $412 million or 31 cents per diluted share compared to net income of $327 million or 25 cents per share a year ago.

JetBlue Airways Corporation ((JBLU)) gained 5.4% or 32 cents to $6.20 after the passenger airline reported second quarter revenues rose 16% to $939 million from $807 million a year ago. Net income in the quarter rose 50% to $30 million or 10 cents per diluted share compared to net income of $20 million or 7 cents per share a year ago.

Eli Lilly and Company ((LLY)) added 1.6% or 57 cents to $35.52 after the drugmaker reported second quarter revenues rose 9% to $5.75 billion from $5.29 billion a year ago. Net income in the quarter rose 16% to $1.35 billion or $1.22 per diluted share compared to net income of $1.16 billion or $1.06 per share a year ago.

Exxon Mobil Corporation ((XOM)) rose 0.6% or 38 cents to $58.55 after the oil company plans to build and deploy a rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deepwater Gulf of Mexico.

F5 Networks, Inc. ((FFIV)) gained 6.2% or $4.56 to $77.67 after the maker of software to handle Internet traffic and content earnings beat expectations with actual earnings of 66 cents.

The Hershey Company ((HSY)) rose 0.6% or 32 cents to $50.14 after the manufacturer of chocolate and sugar confectionery products reported second quarter revenues rose 5% to $1.23 billion from $1.17 billion a year ago. Net income in the quarter fell 35% to $46.7 million or 20 cents per diluted share compared to net income of $71.3 million or 31 cents per share a year ago.

Intuitive Surgical, Inc. ((ISRG)) dropped 6.9% or $21.80 to $294.30 after the maker of systems that control surgical instruments during operations said during its conference call it expects 2010 revenue of $1.37 billion to $1.40 billion.

Microsoft Corporation ((MSFT)) rose 1.5% or 40 cents to $25.52 after the software maker may use cash to boost dividend after a two-year lull.

Netflix, Inc. ((NFLX)) decreased 9.1% or $10.95 to $108.70 after the video-subscription service provider said second quarter revenues rose 27% to $519.8 million from $408.5 million a year ago. Net income in the quarter rose 34% to $43.5 million or 80 cents per diluted share compared to net income of $32.4 million or 54 cents per share a year ago.

Nokia Corporation ((NOK)) increased 5.5% or 49 cents to $9.31 after the maker of mobile phone reported second quarter sales rose 1% to €10.0 billion from €9.9 billion a year ago. Net income in the quarter fell 40% to €227 million or €0.06 per diluted share compared to net income of €380 million or €0.10 per share a year ago.

Philip Morris International Inc. ((PM)) rose 1.2% or 63 cents to $50.52 after the cigarette maker reported second quarter revenues rose 14.5% to $17.4 billion from $15.2 billion a year ago. Net income in the quarter rose 28% to $1.98 billion or $1.07 per diluted share compared to net income of $1.55 billion or 79 cents per share a year ago.

ProLogis ((PLD)) rose 0.3% or 4 cents to $10.43 after the global provider of distribution facilities reported second quarter revenues rose 1% to $260.7 million from $258.5 million a year ago. Net loss in the quarter was $23.2 million or 5 cents per diluted share compared to net income of $238.9 million or 58 cents per share a year ago.

Pool Corporation ((POOL)) rose 1.6% or 36 cents to $21.95 after the swimming pool and related products company reported second quarter revenues rose 7.5% to $647.5 million from $602.1 million a year ago. Net income in the quarter rose 9% to $52.8 million or $1.05 per diluted share compared to net income of $48.4 million or 99 cents per share a year ago.

Qualcomm Incorporated ((QCOM)) rose 5.0% or $1.84 to $38.00 after the provider of integrated wireless systems and services said third quarter revenues fell 2% to $2.71 billion from $2.75 billion a year ago. Net income in the quarter rose 4% to $767 million or 47 cents per diluted share compared to net income of $737 million or 44 cents per share a year ago.

SolarWinds, Inc. ((SWI)) plunged 17.3% or $2.87 to $13.65 after the provider of network management software was downgraded to “hold” from “buy” at Jefferies & Co.

Sonoco Products Company ((SON)) added 0.3% or 10 cents to $32.64 after the diversified global consumer and industrial packaging company reported second quarter revenues rose 17% to $1.01 billion from $864.2 million a year ago. Net income in the quarter rose 76% to $59 million or 58 cents per diluted share compared to net income of $33.6 million or 33 cents per share a year ago.

The Sherwin-Williams Company ((SHW)) dropped 1.5% or $1.10 to $68.46 after the paint-maker reported second quarter revenues rose 10% to $2.14 billion from $1.95 billion a year ago. Net income in the quarter rose 15% to $181.7 million or $1.64 per diluted share compared to net income of $158 million or $1.35 per share a year ago.

Starbucks Corporation ((SBUX)) fell 1.8% or 47 cents to $24.70 after the coffee chain said third quarter revenues rose 9% to $2.61 billion from $2.40 billion a year ago. Net income in the quarter rose 37% to $207.9 million or 27 cents per diluted share compared to net income of $151.5 million or 20 cents per share a year ago.

Starwood Hotels & Resorts Worldwide, Inc. ((HOT)) increased 3.8% or $1.70 to $45.50 after the hotel and leisure company reported second quarter revenues rose 10% to $1.29 billion from $1.17 billion a year ago. Net income in the quarter fell 15% to $114 million or 61 cents per diluted share compared to net income of $134 million or 74 cents per share a year ago.

Terex Corporation ((TEX)) rose 2.1% or 41 cents to $19.44 after the construction equipment maker said second quarter revenues rose 14% to $1.08 billion from $947.3 million a year ago. Net loss in the quarter was $40.3 million or 37 cents per diluted share compared to net loss of $77.6 million or 78 cents per share a year ago.

Travelzoo Inc. ((TZOO)) climbed 5.5% or 85 cents to $16.09 after the global Internet media company reported second quarter revenues rose 19% to $28.1 million from $23.6 million a year ago. Net income in the quarter was $3.2 million or 20 cents per diluted share compared to net loss of $191,000 or 1 cent per share a year ago.

Union Pacific Corporation ((UNP)) rose 4.4% or $3.21 to $72.31 after the railroads industry reported second quarter revenues rose 27% to $4.18 billion from $3.30 billion a year ago. Net income in the quarter rose 53% to $711 million or $1.40 per diluted share compared to net income of $465 million or 92 cents per share a year ago.

Xerox Corporation ((XRX)) advanced 7.8% or 66 cents to $9.06 after the provider of printing and document management services reported second quarter revenues rose 48% to $5.51 billion from $3.73 billion a year ago. Net income in the quarter rose 62% to $227 million or 16 cents per diluted share compared to net income of $140 million or 16 cents per share a year ago.

Xilinx, Inc. ((XLNX)) rose 0.6% or 19 cents to $27.99 after the chip maker said first quarter revenues rose 58% to $594.7 million from $376.2 million a year ago. Net income in the quarter rose 317% to $158.6 million or 58 cents per diluted share compared to net income of $38 million or 14 cents per share a year ago.