Vistaprint, Akamai, Covance, Symantec Decline

Mayank Mehta
29 Jul, 2010
New York City

Brunswick Corporation led gainers in the S&P 500 index with a rise of 16.3%. Goodyear Tire swings to second quarter profit. Exxon Mobil earnings rise by $3.6 billion. Automatic Data Processing profit falls. Southwest Airlines'''' quarterly profit rises 23%. Motorola net jumps on 1.5% lower revenue.

[R]11:00 AM New York - Brunswick Corporation led gainers in the S&P 500 index with a rise of 16.3%. Goodyear Tire swings to second quarter profit. Exxon Mobil earnings rise by $3.6 billion. Automatic Data Processing profit falls. Southwest Airlines' quarterly profit rises 23%. Motorola net jumps on 1.5% lower revenue.[/R]

Vistaprint N.V. led the decliners in the S&P 500 index with a loss of 30.8% followed by losses in AsiaInfo-Linkage, Inc. of 20.4% and in CommScope, Inc. of 19.0%, and in Harsco Corporation of 18.9% and in Covance Inc. of 15.6%.

Brunswick Corporation led gainers in the S&P 500 index with a rise of 16.3% followed by gains in Citrix Systems, Inc. of 14.9%, in Itron, Inc. of 10.9% and in Ameriprise Financial, Inc. of 9.9% and in Teradyne, Inc. of 9.8%.

Other Movers

Akamai Technologies, Inc. ((AKAM)) declined 5.0% or $2.23 to $41.80 after the Internet infrastructure provider said its margins declined as it added larger customers.

Ameriprise Financial, Inc. ((AMP)) fell 1.1% or 46 cents to $38.28 after the asset manager and broker said second quarter revenues rose 38% to $2.58 billion from $1.87 billion a year ago. Net income in the quarter rose 173% to $259 million or 98 cents per diluted share compared to net income of $95 million or 41 cents per share a year ago.

Arris Group Inc. ((ARRS)) dropped 3.6% or 43 cents to $11.49 after the communications technology company said second quarter revenues rose 0.7% to $280.4 million from $278.5 million a year ago. Net income in the quarter fell 13.5% to $19.8 million or 15 cents per diluted share compared to net income of $22.9 million or 18 cents per share a year ago.

Arrow Electronics, Inc. ((ARW)) rose 1.2% or 30 cents to $24.44 after the electronics and computer products distributor said second quarter sales rose 36% to $4.61 billion from $3.39 billion a year ago. Net income in the quarter rose 451% to $116.2 million or 96 cents per diluted share compared to net income of $21.1 million or 18 cents per share a year ago.

Assurant, Inc. ((AIZ)) advanced 0.03% or 1 cent to $36.49 after the specialty insurer said second quarter revenues fell 6% to $2.14 billion from $2.27 billion a year ago. Net income in the quarter fell 15% to $164.2 million or $1.46 per diluted share compared to net income of $193.3 million or $1.63 per share a year ago.

Automatic Data Processing, Inc. ((ADP)) rose 0.09% or 4 cents to $42.14 after the provider of business outsourcing solutions reported fourth quarter revenues rose 5% to $2.2 billion from $2.1 billion a year ago. Net income in the quarter fell 41% to $207.9 million or 42 cents per diluted share compared to net income of $352.8 million or 70 cents per share a year ago.

Avon Products, Inc. ((AVP)) fell 0.07% or 2 cents to $29.51 after the direct seller of beauty products reported second quarter revenues rose 8% to $2.68 billion from $2.48 billion a year ago. Net income in the quarter rose 102% to $167.6 million or 39 cents per diluted share compared to net income of $82.9 million or 19 cents per share a year ago.

AstraZeneca Plc ((AZN)) added 2.1% or $1.11 to $52.62 after the biopharmaceutical company said first half revenues rose 7% to $16.8 billion from $15.7 billion a year ago. Net profit for the first half rose 27% to $4.88 billion or $3.36 per diluted share compared to net profit of $3.85 billion or $2.66 per share a year ago.

Ball Corporation ((BLL)) fell 1.1% or 69 cents to $57.09 after the provider of metal and plastic packaging services reported second quarter revenues rose 18% to $2.0 billion from $1.7 billion a year ago. Net income in the quarter fell 48% to $69.0 million or 74 cents per diluted share compared to net income of $133.3 million or $1.40 per share a year ago.

BMC Software, Inc. ((BMC)) dropped 0.2% or 11 cents to $37.80 after the software vendor said first quarter revenues rose 2% to $461 million from $450.0 million a year ago. Net income in the quarter rose 12.6% to $92.8 million or 50 cents per diluted share compared to net income of $82.4 million or 44 cents per share a year ago.

Bruker Corporation ((BRKR)) gained 7.9% or 91 cents to $12.30 after the maker of scientific instruments said second quarter revenues rose 19% to $300.9 million from $252.5 million a year ago. Net income in the quarter rose 75% to $22.6 million or 14 cents per diluted share compared to net income of $12.9 million or 8 cents per share a year ago.

Brunswick Corporation ((BC)) rose 0.5% or 8 cents to $14.64 after the global manufacturer and marketer of recreation products reported second quarter revenues rose 41% to $1.01 billion from $718.3 million a year ago. Net income in the quarter was $13.7 million or 15 cents per diluted share compared to net loss of $163.7 million or $1.85 per share a year ago.

Bunge Limited ((BG)) declined 8.7% or $4.72 to $49.25 after the global agribusiness and food company reported second quarter revenues were flat at $11 billion. Net income in the quarter rose 468% to $1.78 billion or $11.15 per diluted share compared to net income of $313 million or $2.28 per share a year ago.

Cabot Corporation ((CBT)) rose 3.9% or $1.10 to $29.00 after the global performance materials company said third quarter revenues rose 47% to $753 million from $511 million a year ago. Net income in the quarter was $47 million or 72 cents per diluted share compared to net loss of $12 million or 19 cents per share a year ago.

Cabela’s Incorporated ((CAB)) fell 1.7% or 29 cents to $16.35 after the specialty retailer reported second quarter revenues fell 4% to $526 million from $549.2 million a year ago. Net income in the quarter rose 98% to $18.0 million or 26 cents per diluted share compared to net income of $9.1 million or 14 cents per share a year ago.

Celanese Corporation ((CE)) fell 2.3% or 69 cents to $28.44 after the chemical maker reported second quarter revenues rose 22% to $1.52 billion from $1.24 billion a year ago. Net income in the quarter rose 49.5% to $160 million or $1.01 per diluted share compared to net income of $107 million or 69 cents per share a year ago.

Cal Dive International, Inc. ((DVR)) declined 1.1% or 7 cents to $6.27 after the marine contractor said second quarter revenues fell 52% to $124.2 million from $260.3 million a year ago. Net loss in the quarter was $11 million or 12 cents per diluted share compared to net income of $28.6 million or 30 cents per share a year ago.

California Water Service Group ((CWT)) dropped 1.4% or 56 cents to $36.94 after the water utility said second quarter revenues rose 1% to $118.3 million from $116.7 million a year ago. Net income in the quarter fell 14% to $10.4 million or 50 cents per diluted share compared to net income of $12.1 million or 58 cents per share a year ago.

Cerner Corporation ((CERN)) fell 1.7% or $1.33 to $75.31 after the supplier of healthcare information technology said second quarter revenues rose 13% to $456 million from $403.8 million a year ago. Net income in the quarter rose 27% to $55.5 million or 65 cents per diluted share compared to net income of $43.7 million or 52 cents per share a year ago.

Citrix Systems, Inc. ((CTXS)) gained 5.2% or $2.47 to $49.80 after the provider of virtual computing solutions said second quarter revenues rose 17% to $458.4 million from $392.8 million a year ago. Net income in the quarter rose 12% to $47.6 million or 25 cents per diluted share compared to net income of $42.5 million or 23 cents per share a year ago.

Covance Inc. ((CVD)) plunged 14.2% or $7.07 to $42.55 after the clinical testing company said second quarter revenues rose 2% to $475.2 million from $466.0 million a year ago. Net income in the quarter fell 3% to $31.7 million or 49 cents per diluted share compared to net income of $43 million or 67 cents per share a year ago.

CommScope, Inc. ((CTV)) plunged 12.3% or $3.22 to $22.85 after the maker of communications equipment forecast third quarter sales of $815 million to $865 million.

Colgate-Palmolive Company ((CL)) fell 4.6% or $3.89 to $79.97 after the consumer products company reported second quarter revenues rose 2% to $3.81 billion from $3.75 billion a year ago. Net income in the quarter rose 7% to $603 million or $1.17 per diluted share compared to net income of $562 million or $1.07 per share a year ago.

Conmed Corporation ((CNMD)) fell 1.5% or 28 cents to $18.00 after the medical technology company reported second quarter revenues rose 10% to $181.1 million from $164.6 million a year ago. Net income in the quarter rose 418% to $7.31 million or 25 cents per diluted share compared to net income of $1.41 million or 5 cents per share a year ago.

Dr Pepper Snapple Group, Inc. ((DPS)) rose 0.1% or 7 cents to $38.30 after the beverage company reported second quarter revenues rose 3% to $1.52 billion from $1.48 billion a year ago. Net income in the quarter rose 16% to $183 million or 74 cents per diluted share compared to net income of $158 million or 62 cents per share a year ago.

Emcor Group, Inc. ((EME)) rose 1.2% or 34 cents to $27.02 after the mechanical and electrical construction services company reported second quarter revenues fell 10% to $1.28 billion from $1.42 billion a year ago. Net income in the quarter fell 39.5% to $27.1 million or 40 cents per diluted share compared to net income of $44.8 million or 67 cents per share a year ago.

Equifax Inc. ((EFX)) dropped 1.7% or 55 cents to $30.25 after the global provider of information solutions said second quarter revenues rose 7.4% to $460.7 million from $429.1 million a year ago. Net income in the quarter rose 20% to $71.3 million or 56 cents per diluted share compared to net income of $59.6 million or 47 cents per share a year ago.

Equinix, Inc. ((EQIX)) rose 1.0% or 90 cents to $88.96 after the provider of global data center services said second quarter revenues rose 39% to $296.1 million from $213.2 million a year ago. Net loss in the quarter was $2.3 million or 5 cents per diluted share compared to net income of $17.4 million or 44 cents per share a year ago.

Express Scripts, Inc. ((ESRX)) dropped 3.5% or $1.50 to $40.70 after the pharmacy-benefits manager said second quarter revenues rose 105% to $11.3 billion from $5.5 billion a year ago. Net income in the quarter rose 51% to $289.9 million or 53 cents per diluted share compared to net income of $192.3 million or 37 cents per share a year ago.

Exxon Mobil Corporation ((XOM)) rose 0.6% or 39 cents to $61.31 after the publicly traded oil explorer reported second quarter revenues rose 24% to $92.5 billion from $74.5 billion a year ago. Net income in the quarter rose 91% to $7.56 billion or $1.60 per diluted share compared to net income of $3.95 billion or 81 cents per share a year ago.

Flowserve Corporation ((FLS)) decreased 2.8% or $2.74 to $93.00 after the provider of flow control products and services said second quarter revenues fell 12% to $961.1 million from $1.09 billion a year ago. Net income in the quarter fell 15% to $91.6 million or $1.62 per diluted share compared to net income of $108.2 million or $1.92 per share a year ago.

FMC Corporation ((FMC)) dropped 0.7% or 44 cents to $61.50 after the chemical company said second quarter revenues rose 11% to $776.8 million from $770.3 million a year ago. Net income in the quarter fell 5% to $65.7 million or 90 cents per diluted share compared to net income of $69.3 million or 94 cents per share a year ago.

Genzyme Corporation ((GENZ)) rose 3.3% or $2.30 to $70.30 after the Sanofi-Aventis SA Chief Executive Officer Chris Viehbacher has support from his board of directors to offer as much as $70 a share for the biotechnology company, said three people with knowledge of the situation, according to Bloomberg report.

The Goodyear Tire & Rubber Company ((GT)) rose 3.0% or 36 cents to $12.31 after the manufacturer of tires reported second quarter revenues rose 15% to $4.5 billion from $3.9 billion a year ago. Net income in the quarter was $28 million or 11 cents per diluted share compared to net loss of $221 million or 92 cents per share a year ago.

InterDigital, Inc. ((IDCC)) gained 6.6% or $1.80 to $28.75 after the designer and developer of digital wireless technologies said second quarter revenues rose 22% to $91.2 million from $74.9 million a year ago. Net income in the quarter rose 33% to $35.0 million or 78 cents per diluted share compared to net income of $26.4 million or 59 cents per share a year ago.

Kellogg Company ((K)) dropped 4.6% or $2.40 to $49.12 after the food maker reported second quarter revenues fell 5% to $3.06 billion from $3.23 billion a year ago. Net income in the quarter fell 15% to $302 million or 79 cents per diluted share compared to net income of $354 million or 92 cents per share a year ago.

The Lubrizol Corporation ((LZ)) added 4.0% or $3.64 to $94.60 after the specialty chemical company reported second quarter revenues rose 26% to $1.40 billion from $1.11 billion a year ago. Net income in the quarter rose 53% to $201.4 million or $2.88 per diluted share compared to net income of $131.9 million or $1.92 per share a year ago.

Metabolix, Inc. ((MBLX)) fell 0.1% or 3 cents to $16.46 after the bioscience company said second quarter revenues fell 67% to $0.1 million from $0.3 million a year ago. Net loss in the quarter was $9.5 million or 36 cents per diluted share compared to net loss of $9.7 million or 42 cents per share a year ago.

Meredith Corporation ((MDP)) rose 0.1% or 5 cents to $31.60 after the media and marketing company reported fourth quarter revenues rose 6% to $365.1 million from $345.8 million a year ago. Net income in the quarter was $33.4 million or 73 cents per diluted share compared to net loss of $163.7 million or $3.64 per share a year ago.

Morningstar, Inc. ((MORN)) dropped 1.5% or 68 cents to $44.18 after the investment research company said second quarter revenues rose 14% to $136.1 million from $119.5 million a year ago. Net income in the quarter fell 12% to $18.0 million or 36 cents per diluted share compared to net income of $20.5 million or 41 cents per share a year ago.

Motorola, Inc. ((MOT)) rose 2.2% or 17 cents to $7.85 after the telecommunications equipment maker reported second quarter revenues fell 1.5% to $5.4 billion from $5.5 billion a year ago. Net income in the quarter rose 523% to $162 million or 7 cents per diluted share compared to net income of $26 million or 1 cent per share a year ago.

NeuStar, Inc. ((NSR)) rose 0.2% or 6 cents to $23.15 after the provider of essential technology and directory services said second quarter revenues rose 11% to $129.0 million from $115.8 million a year ago. Net income in the quarter rose 17% to $28.6 million or 37 cents per diluted share compared to net income of $24.5 million or 32 cents per share a year ago.

O’Reilly Automotive, Inc. ((ORLY)) dropped 0.7% or 39 cents to $49.00 after the automotive parts retailer said second quarter revenues rose 10% to $1.38 billion from $1.25 billion a year ago. Net income in the quarter rose 16.5% to $99.6 million or 71 cents per diluted share compared to net income of $85.5 million or 62 cents per share a year ago.

Owens-Illinois, Inc. ((OI)) rose 0.2% or 6 cents to $29.84 after the global manufacturer of glass containers said second quarter revenues fell 5.5% to $1.71 billion from $1.81 billion a year ago. Net income in the quarter fell 5.5% to $141.1 million or 85 cents per diluted share compared to net income of $149.3 million or 88 cents per share a year ago.

Oceaneering International, Inc. ((OII)) gained 6.5% or $3.07 to $50.25 after the provider of engineered services and products to the offshore oil and gas industry said it expects third quarter earnings of $0.90 to $1.00 per share and 2010 earnings of $3.20 to $3.40 per share.

Raytheon Company ((RTN)) fell 1.3% or 67 cents to $47.60 after the defense contractor reported second quarter sales fell 2% to $6 billion from $6.13 billion a year ago. Net income in the quarter fell 57.5% to $208 million or 55 cents per diluted share compared to net income of $489 million or $1.23 per share a year ago.

Southwest Airlines Co. ((LUV)) rose 1.9% or 23 cents to $12.24 after the discount airline reported second quarter revenues rose 21% to $3.17 billion from $2.62 billion a year ago. Net income in the quarter rose 23% to $112 million or 15 cents per diluted share compared to net income of $91 million or 12 cents per share a year ago.

Spartan Stores, Inc. ((SPTN)) declined 2.6% or 39 cents to $14.22 after the regional grocery distributor and grocery retailer said second quarter revenues fell 3% to $577.2 million from $596.0 million a year ago. Net income in the quarter fell 13% to $6 million or 26 cents per diluted share compared to net income of $6.9 million or 31 cents per share a year ago.

Symantec Corporation ((SYMC)) decreased 8.1% or $1.19 to $13.48 after the security software maker said first quarter revenues were flat at $1.43 billion. Net income in the quarter rose 118% to $161 million or 20 cents per diluted share compared to net income of $74 million or 9 cents per share a year ago.

Teradyne, Inc. ((TER)) climbed 6.8% or 70 cents to $10.91 after the supplier of automatic test equipment said second quarter revenues rose 168% to $454.8 million from $169.6 million a year ago. Net income in the quarter was $122.1 million or 55 cents per diluted share compared to net loss of $66.8 million or 39 cents per share a year ago.

Teledyne Technologies Incorporated ((TDY)) rose 0.8% or 37 cents to $42.44 after the provider of electronic components and subsystems reported second quarter revenues rose 0.3% to $442.5 million from $441.1 million a year ago. Net income in the quarter rose 13.5% to $28.6 million or 78 cents per diluted share compared to net income of $25.2 million or 69 cents per share a year ago.

Tesoro Corporation ((TSO)) fell 0.7% or 10 cents to $12.50 after the independent petroleum refiner said second quarter revenues rose 21% to $5.1 billion from $4.2 billion a year ago. Net income in the quarter was $67 million or 47 cents per diluted share compared to net loss of $45 million or 33 cents per share a year ago.

Tyco International Ltd. ((TYC)) rose 0.2% or 10 cents to $36.67 after the diversified global provider of security products and services reported second quarter revenues rose 3% to $4.27 billion from $4.15 billion a year ago. Net income in the quarter fell 11.5% to $254 million or 51 cents per diluted share compared to net income of $287 million or 60 cents per share a year ago.

Visa Inc. ((V)) fell 0.3% or 28 cents to $74.90 after the operator of retail electronic payments network said third quarter revenues rose 23% to $2.03 billion from $1.65 billion a year ago. Net income in the quarter fell 2% to $716 million or 97 cents per diluted share compared to net income of $729 million or 97 cents per share a year ago.

VistaPrint NV ((VPRT)) fell 35.85% or $17.97 to $32.28 after the online supplier of printed and promotional materials reported a decline of 21% in net.

Wisconsin Energy Corporation ((WEC)) rose 0.07% or 6 cents to $55.42 after the company reported second quarter revenues rose 6.6% to $890.9 million from $835.7 million a year ago. Net income in the quarter rose 39% to $88.7 million or 75 cents per diluted share compared to net income of $53.7 million or 54 cents per share a year ago.

Woodward Governor Company ((WGOV)) dropped 2.5% or 75 cents to $29.02 after the maker of energy control systems and components said third quarter revenues fell 8% to $356.4 million from $386.2 million a year ago. Net income in the quarter rose 27% to $31.7 million or 45 cents per diluted share compared to net income of $25 million or 36 cents per share a year ago.

Xcel Energy Inc. ((XEL)) fell 0.2% or 5 cents to $22.60 after the power company reported second quarter revenues rose 14% to $2.31 billion from $2.02 billion a year ago. Net income in the quarter rose 20% to $138.7 million or 30 cents per diluted share compared to net income of $116.0 million or 25 cents per share a year ago.