Crucell, Oracle, RiM, Texas Inst Rise

Bikram Pandey
17 Sep, 2010
New York City

Crucell NV soared after the company is in talks with J&J. Research in Motion surged after it reported better than expected sales and earnings. Texas Instruments gained after it increased dividend and offered t buy back up to $7.5 billion in shares.

[R]11:20 AM New York – Crucell NV soared after the company is in talks with J&J. Research in Motion surged after it reported better than expected sales and earnings. Texas Instruments gained after it increased dividend and offered t buy back up to $7.5 billion in shares.[/R]

Of the stocks in the Dow, 14 increased, 15 decreased and 1 was unchanged.

Of the 30 stocks in the Dow Jones Industrial Average, The Walt Disney Company led the gainers with a rise of 1.117% followed by increase in The Coca-Cola Company of 0.57%, in 3M Company of 0.55%, in Verizon Communications Inc. of 0.45%, E. I. du Pont de Nemours and Company of 0.35%.

Hewlett-Packard Company led the decliners with a fall of 1.73% followed by decline in Caterpillar Inc. of 1.00%, in Alcoa Inc. of 0.98%, in JPMorgan Chase & Co. of 0.90%, in McDonald’s Corporation of 0.73%.

Other Movers

Brinker International Inc ((EAT)) declined more than 4% after chief financial officer Charles M. Sonsteby resigned.

Crucell NV ((CRXL)) soared more than 50% to $31.65 after the company is in talks with J&J to sell the stake it does not own. Johnson & Johnson controls nearly 18% of the biotech and may pay as much as 1.75 billion euros.

Dynamex Inc. ((DDMX)) soared 5.9% or 76 cent to $13.51 after the logistics service provider reported fiscal fourth quarter sales increased 7.9% to $105 million compared to $97 million for the same period a year ago. Net income was $2.8 million or 29 cent per diluted share compared to net income of $1.8 million or 18 cent per diluted share in the same quarter a year ago.

For the fiscal year revenue was $406 million compared to $402 million for the same period a year ago. Net income was $10.7 million or $1.09 per diluted share compared to net income of $8.8 million or $0.89 cent per diluted share same period a year ago.

Eastman Chemical Company ((EMN)) rose 0.1% or 8 cent to $69.48 after the chemicals, plastics and fibers company lifted its earnings outlook for the third quarter and fiscal 2010, citing strong selling prices and lower-than projected seasonal decline in sales volume. The company currently estimates third quarter earnings in a range of $2.20 to $2.30 per share, up from its previous projection of $1.65 to $1.75 per share and for fiscal 2010, earnings per share to approach $7, compared to its prior outlook range of $6.20 to $6.40.

Globe Specialty Metals, Inc. ((GSM)) spurted 4.2% or 53 cent to $13.05 after the silicon metal and alloys reported fiscal fourth quarter net sales increased 30% to $146.4 million compared to $81.7 million for the same period a year ago. Net income was $6.6 million or 9 cent per diluted share compared to net income of $1.6 million or 2 cent per diluted share in the same quarter a year ago.

For the fiscal year revenue was $472.7 million compared to $426.2 million for the same period a year ago. Net income was $34.1 million or 46 cent per diluted share compared to net loss of $41.9 million or 65 cent per diluted share same period a year ago.

Herman Miller, Inc. ((MLHR)) rose 0.8% or 16 cent to $18.55 after the office furniture maker reported first quarter net sales rose 17.5% to $380.7 million from $324.0 million last year. Net earnings in the quarter surged 92% to $16.1 million or 22 cents per diluted share compared with net income of $8.4 million or 14 cents per share in the previous year.

Nobel Learning Communities, Inc. ((NLCI)) gained 3.3% or 20 cent to $6.18 after the nonsectarian private school reported fiscal fourth quarter total revenue rose 11% to $62.6 million compared to $56.4 million for the same period a year ago. Net income were $1.1 million or 11 cent per diluted share compared to net income of $0.4 million or 4 cent per diluted share period a year ago.

For the fiscal year revenue was $232.0 million compared to $220.1 million for the same period a year ago. Net income was $1.87 million or 18 cent per diluted share compared to net income of $4.56 million or 43 cent per diluted share in the same quarter a year ago.

Oracle Corporation ((ORCL)) surged 6.1% or $1.55 to $26.91 after the enterprise software company said first quarter revenue rose 48% to $7.50 billion from $5.05 billion a year ago. Net income in the quarter increased 20% to $1.4 billion or 27 cents per diluted share, compared to net income of $1.1 billion or 22 cents per share for the year-ago quarter.

Research In Motion Limited ((RIMM)) increased 1.7% or 81 cent to $47.30 after the Canadian telecommunication and wireless device company said second quarter revenue increased 31% to $4.62 billion from $3.53 billion in the same quarter last year. Net income in the quarter soared 67.5% to $796.7 million or $1.46 per share, compared with net income of $475.6 million or 83 cents per share in the prior-year quarter.

Rockwell Collins, Inc. ((COL)) rose 1.3% or 79 cent to $58.70 after the communication and aviation electronics maker confirmed its earnings and revenue outlook for fiscal 2010. The company said it continues to expect fiscal 2010 earnings per share of approximately $3.50 and revenues of about $4.7 billion.

Texas Petrochemicals Inc. ((TPCG)) surged 7.9% or $1.46 to $19.85 after the chemical and petroleum company reported fiscal fourth quarter revenue surged 104% to $531.8 million compared to $260.9 million for the same period a year ago. Net income was $14.4 million or 80 per diluted share compared to net income of $7.8 million or 44 cent per diluted share in the same quarter a year ago.

For the fiscal year revenue rose 23% to $1,688.5 million compared to $1,376.9 million for the same period a year ago. Net income was $30.5 million or $1.70 per diluted share compared to net loss of $22.8 million or $1.29 per diluted share same period a year ago.

Texas Instruments Inc ((TXN)) gained more than 2.1% to $25.52 after it raised its dividend and also announced a plan to buy back up to $7.5 billion of shares.

Williams Companies, Inc. ((WMB)) fell 0.1% or 2 cent to $18.42 after the natural gas company said it may fall short of the company''s own projections through 2012, and will reduce spending over the same time period. The company estimates adjusted earnings for 2010 in a range of $1.00 to $1.20 per share.