Blue Nile, APE Fall; AIG, Perkin Elmer Rise

123jump.com Staff
06 Aug, 2010
New York City

U.S. stocks traded lower after unemployment in July was nearly unchanged. Activision Blizzard dropped after it estimated lower revenues. American Public Education plunged more than 28% after it canceled its annual outlook. Blue Nile dropped after net declined.

[R]12:30 AM New York - U.S. stocks traded lower after unemployment in July was nearly unchanged. Activision Blizzard dropped after it estimated lower revenues. American Public Education plunged more than 28% after it canceled its annual outlook. Blue Nile dropped after net declined.[/R]

51Jobs Inc ((JOBS)) fell 2.3% or 53 cent to $25.47 after the job placement company in China said second quarter sales increased 35.7% to $38.7 million, nearly 35% from a year ago quarter. Revenues increased to Rmb 260 million from Rmb193 million a year ago quarter.

Net earnings increased to Rmb 54.3 million from Rms 20.7 million a year ago. Earnings per share increased to Rmb 0.99 from Rmb 0.337 a year ago. Earnings in the US dollars in the quarter were $8.01 million or 15 cents a share.

Activision Blizzard Inc ((ATVI)) decreased 5.3% or 63 cent to $11.12 after the computer game developer estimated $725 million revenues in the current quarter, lower than estimated.

American International Group Inc ((AIG)) surged 3.7% or $1.60 to $41.50 after the insurer reported second-quarter total revenues declined 16.5% to $19.982 billion from $23.922 billion in the prior-year quarter. Net loss in the quarter was $2.7 billion or $3.96 a share, compared to net income of $1.8 billion or $2.30 a share in the year-ago quarter. The company stated the loss was primarily due to a $3.3 billion non-cash goodwill impairment charge.

American Public Education, Inc ((APEI)) declined 27.4% or $11.72 to $30.95 after the military school canceled its 2010 annual estimate and also said it will no longer offer outlook. The company also said it will purchase $20 million of its stock. Revenues in the quarter increased 30% to $46.3 million. Net income increased 32% to $7 million.

ATP Oil & Gas Corporation ((ATPG)) fell 10.1% or $1.35 to $11.90 after the Gulf of Mexico oil well energy explorer said revenues increased $101million from $80 million a year ago and net loss of $76 million compared to net loss of $106,000. Earnings per share were a loss of 1.63 compared to 12 cents a year ago.

Blue Nile, Inc ((NILE)) decreased 5.9% or $2.94 to $44.70 after the online diamond ring seller said second quarter sales increased 9.7% to $76.6 million from $69.85 million a year ago quarter. Net income decreased to $2.80 million from $2.88 million a year ago and earnings per share were flat at 19 cents.

CBOE Holdings Inc ((CBOE)) fell 3.3% or 82 cent to $23.98 after the exchange operator said second quarter revenues increased to $112.6 million from $108.9 million and net income decreased to $24.8 million from $28.1 million a year ago. Earnings per share decreased to 27 cents from 31 cents a year ago.

Church & Dwight Co., Inc ((CHD)) decreased 1.2% or 75 cent to $61.60 after the maker of consumer products said second quarter sales increased to $640.8 million from $623 million a year ago and net income increased to $42 million from $36.8 million. Earnings per share increased to $1.05 from 83 cents in the prior year period.

Foster Wheeler AG ((FWLT)) rose 0.5% or 12 cent to $22.86 after the engineering contractor said second quarter sales decreased to $1 billion from $1.3 billion in the quarter a year ago and net income to $58.8 million from $122 million. Earnings per share dropped to 46 cents from 97 cents in the quarter a year ago.

Hyatt Hotels Corp ((H)) gained 0.6% or 25 cent to $39.23 after the luxury hotels operator reported second quarter net income declined to $25 million from $50 million a year ago and earnings per share dropped to 14 cents from 34 cents. Net revenues increased to $889 million from $847 million in the quarter a year ago.

Kraft Foods ((KFT)) rose 2.8% or 84 cent to $30.52 after the food maker reported second quarter sales increase of 25.3% to $12.3 billion from $18.76 billion a year ago and earnings increased 89.9% to $2.8 billion from $1.49 billion in the period. Earnings per share increased 66% to $1.68 from $1.01.

Marchex, Inc ((MCHX)) surged 11.1% or 52 cent $5.10 after the online advertiser and portal operator said second quarter was flat at $21.4 million and net loss in the quarter was $3.2 million compared to $1.2 million a year ago quarter. Net loss per share was 10 cents compared to 4 cents a year ago.

Orbitz Worldwide Inc ((OWW)) fell 1.2% or 7 cent to $5.49 after the online travel agency operator said revenues in the second quarter increased 3% to $193.5 million from $187.85 million from a year ago and net income declined 5% to $9.73 million from $10.27 million. Earnings per share decreased to 10 cents from 12 cents.

PerkinElmer, Inc ((PKI)) surged 9.9% or $2.05 to $22.10 after the drug research and labs equipment maker reported second quarter revenues of $300.4 million compared to $253.4 million a year ago and operating income of $24.8 million from $22.8 million. The company also lifted its annual operating earnings per share between $1.29 and $1.34 from $1.08 to $1.13.

ResMed Inc ((RMD)) declined 5.3% or $3.62 to $64.41 after sleeping disorder treatment and respiratory disorder maker said quarterly sales increased to $291.5 million from $251.9 million a year ago. Net income increased to $53.1 million from $545.3 million and net income per share increased to 70 cents from 60 cents.

Rosetta Stone Inc ((RST)) plunged 9.3% or $2.02 to $19.50 after the language courses provider said second quarter revenues increased 7% to $60.6 million from $56.5 million and net income of $3.7 million from a loss of $7.3 million. Earnings per share were 17 cents compared to a loss of 42 cents.

Sunrise Senior Living ((SRZ)) fell 3.1% or 10 cent $3.05 after the assisted living facilities operator said second quarter revenues declined to $349 million from $359.67 million a year ago and net income in the quarter of $46 million compared to $81.6 million loss in the prior year ago period.

Teradata ((TDC)) fell 0.8% or 27 cent $32.41 after the data storage services provider reported second quarter revenues increased 12% to $470 million from $421 million a year ago and net income increased to $74 million from $62 million and earnings per share increased to 44 cents from 36 cents.

Tidewater ((TDW)) decreased 2.0% or 84 cent $39.82 after the marine services provider reported fiscal first quarter revenues decreased to $262.5 million compared to $326 million and net income declined $39.8 million from 444.4 million in the quarter a year ago. Net income per share declined to 78 cents from 87 cents a year ago quarter. The company declared 25 cents a share in the quarter, same as the quarter a year ago.

Treehouse Foods, Inc ((THS)) rose 1.4% or 58 cent $42.83 after the specialty food maker said second quarter sales increased to $446 million from $372 million a year ago and net income increased to $21.6 million from $18.4 million. Earnings per share increased to 60 cents from 58 cents a year ago period.

Weight Watchers International, Inc ((WTW)) increased 4.5% or $1.24 to $28.84 after the diet food and services provider said second quarter sales was nearly flat at $764.7 million and net income declined to $100 million from $106.1 million a year ago quarter. Earnings per share declined to $1.31 from $1.38 a year ago.

Western Refining, Inc ((WNR)) fell 3% or 16 cent to $5.00 after the crude oil refiner said second quarter sales increased to $2.1 billion from $1.6 billion a year ago and net income was $14.3 million compared to a loss of $307 million. Earnings per share were 16 cents compared to a loss of $4.20.