Oracle, Casey's, ResCare Surge

Devan Biswas
07 Sep, 2010
New York City

Oracle Corp surged more than 5% after the company hired ex-CEO of Hewlett Packard. Casey

[R]12:00 PM New York – Oracle Corp surged more than 5% after the company hired ex-CEO of Hewlett Packard. Casey’s General Stores increased 8%. China Sky One Medical Inc plunged 25% on lowered annual outlook.[/R]

Of the stocks in the Dow, 2 increased, 28 decreased and none was unchanged.

Of the 30 stocks in the Dow Jones Industrial Average, Wal-Mart Stores, Inc. led the gainers with a rise of 0.54% followed by increase in The Coka-Cola Company of 0.04%.

American Express Company led the decliners with a fall of 2.08% followed by decline in JPMorgan Chase & Co. of 2.04%, in Bank of America Corporation of 1.63%, in The Boeing Company of 1.42% and in Caterpillar Inc. of 1.26%.

Other Movers

Animal Health International, Inc. ((AHII)) plunged 3.9% or 10 cent to $2.44 after the animal health product maker fiscal fourth quarter net sales rose 5.8% to $172.0 million, compared to $162.5 million for the same period a year ago. Net income was $0.7 million or $0.03 per diluted share compared to net loss of $39.2 million or $1.61 per diluted share in the same quarter a year ago.

For the fiscal year net sales was $668.9 million compared to $666.9 for the same period a year ago. Net income $1.3 million or $0.05 per diluted share compared to net loss of $36.9 million or $1.52 per diluted share same period a year ago.

Casey’s General Stores, Inc. ((CASY)) soared 7.8% or $3.05 to $41.95 after the operator of convenience stores reported first quarter revenue rose 14.3% to $1.36 billion from $1.19 billion in the comparable period. Net earnings in the quarter declined 16% to $37.29 million or 73 cents per diluted share compared to net earnings of $44.19 million or 87 cents in the prior-year period.

China Sky One Medical Inc ((CSKI)) dropped 25% after the company lowered its full year sales and net income outlook.

Coca-Cola Enterprises ((CCE)) fell 0.07% or 2 cent to $29.35 after the non-alcoholic beverage maker raised its full-year 2010 earnings per share guidance for the existing company to a range of $1.78 to $1.82, including a negative currency impact of about 7 cents at current levels. The company also announced long-term financial objectives for new CCE and said it expects the pending transaction with The Coca-Cola Company to close in the fourth quarter.

Credo Petroleum Corporation ((CRED)), the oil and gas exploration reported third quarter revenue was $2.92 million compared with $2.84 million same quarter a year ago. Net income rose 57% to $0.56 million or 0.06 cents per diluted share compared with $0.35 million or 0.03 cent per diluted share in the same quarter last year.

GT Solar International Inc ((SOLR)) plunged 8% to $8.04 after one of the largest shareholders plan to sell 10 million shares.

L & L Energy, Inc. ((LLEN)) declined 2.6% or 23 cent to $8.32 after the coal mining company reported fiscal first quarter revenue was $55.3 million compared to $12.7 million in the same period last year. Net income was $10.9 million or 36 cents per diluted share, from $2.7 million, or 13 cents per diluted share in the same quarter a year ago period.

Oracle Corp ((ORCL)) increased 5% to $24.16 after the company hired former CEO of Hewlett-Packard Co. Mark Hurd as president and as a director. Hurd serves as co-president alongside Safra Catz and succeeded Charles Phillips, who resigned from the positions.

Pike Electric Corporation ((PIKE)) slipped 8.5% or 72 cent to $7.678 after the energy solutions provider fiscal fourth quarter revenues were $120.7 million compared with $128.5 million for the same quarter of 2009. Net loss was $4.0 million or 0.12 cents per diluted share from net income of $2.5 million or 0.07 cents per diluted share in the prior year''s fourth quarter.

For the fiscal year total revenues were $504.1 million compared to $613.5 million for the prior year. Net loss was $13.5 million or 0.41 cents per diluted share compared to net income of $31.6 million or $0.96 cents per diluted share in the same period of 2009.

ResCare Inc ((RCSR)) increased 6% to $13.10. ResCare entered into an agreement with an entity sponsored by Onex Partners III, L.P., an affiliate of Onex Corp. by which Onex would acquire all of the outstanding shares of ResCare common stock not owned by Onex affiliates or participating members of ResCare''s management for $13.25 per share in cash.