U.S. Movers: AmEx, Amazon, Baidu and UPS

Bikram Pandey
22 Oct, 2010
New York City

American Express traded lower and reported quarterly net soared 71%. Amazon.com quarterly sales rose 39%. China based search engine said quarterly net more than doubled. United Parcel Service, Inc quarterly net soared 81%.

[R]2:30 PM New York – American Express traded lower and reported quarterly net soared 71%. Amazon.com quarterly sales rose 39%. China based search engine said quarterly net more than doubled. United Parcel Service, Inc quarterly net soared 81%.[/R]

Of the stocks in the Dow, 11 increased, 19 decreased and none were unchanged.

Of the 30 stocks in the Dow Jones Industrial Average, Bank of America Corporation led the gainers with a rise of 1.23% followed by increase in The Travelers Companies, Inc. of 0.78%, in Hewlett-Packard Company of 0.51%, in The Coca-Cola Company of 0.31%, International Business Machines Corporation of 0.30%.

American Express Company led the decliners with a fall of 1.34% followed by decline in Verizon Communications Inc. of 1.28%, in The Boeing Company of 1.06%, in The Home Depot, Inc. of 0.88%, in Caterpillar Inc. of 0.79%.

Other Movers

Air Products and Chemicals, Inc ((APD)) fell 0.4% or 12 cent to $84.81 after the energy, industrial and healthcare service provider said fiscal fourth quarter revenue rose 10% to $2,351 million from $2,129 million in the same quarter last year. Net income in the quarter was $272.1 million or $1.25 per diluted share, compared to net income of $243.9 million or $1.13 per share for the year-ago quarter.

For the fiscal year sales rose 9% to $9,026 million compared to $8,256 million for the same period a year ago. Net income was $1,029.1 million or $4.74 per diluted share compared to net income of $0.631 million or $2.96 per diluted share same period a year ago.

Amazon.com, Inc. ((AMZN)) rose 0.5% or 76 cent to $165.73 after the online retailer third quarter sales increased 39% to $7.56 billion from $5.45 billion in the same quarter last year. Net income in the quarter rose 16% to $231 million or 51 cent per diluted share, compared to net income of $199 million or 45 cent per share for the year-ago quarter.

American Express Company ((AXP)) declined 1.9% or 79 cent to $39.48 after the bank holding company said third quarter total revenues increased 17% to $7,033 million from $6,016 million for the same quarter a year ago period. Net earnings in the quarter surged 71% to $1,093 million or 90 cent per diluted share compared to net earnings of $0.64 billion or 53 cent per share a year earlier.

Baidu, Inc. ((BIDU)) surged 5.6% or $5.76 to $108.24 after the Chinese-language internet search provider stated third quarter total revenue for the third quarter soared 76.4% to $337.2 million from a year-ago quarter. Net income surged 112.4% to $156.4 million or diluted earnings per ADS were 45 cent from a year earlier.

Credit Suisse Group AG ((CS)) fell 0.4% or 19 cent to $42.44 after the Switzerland based investment bank reported third quarter net revenue for the third quarter declined 30% to CHF6284 million compared with CHF 8,420 million from a year-ago quarter. Net income plunged 74% to CHF609 million or CHF 0.48 per share compared to net income of CHF2,354 million or CHF 1.81 per share a year earlier.

Dover Corporation ((DOV)) plunged 5.2% or $2.89 to $51.90 after the component and equipment provider reported third quarter revenue surged 26% to $1.9 billion from $1.5 billion for the same quarter a year ago period. Net earnings in the quarter were $223.8 million or $1.19 per diluted share compared to net earnings of $106.9 million or $0.57 per share a year ago period.

Diamond Offshore Drilling, Inc. ((DO)) increased 1.6% or $1.13 to $69.76 after the offshore oil and gas drilling contractor said third quarter revenue was $799.7 million from $908.4 million in the same quarter last year. Net income in the quarter was $198.5 million or $1.43 per diluted share, compared to net income of $364.1 million or $2.62 per share for the year-ago quarter.

Danaher Corporation ((DHR)) fell 0.5% or 22 cent to $43.15 after the medical, industrial consumer products maker reported third quarter sales increased 16% to $3.2 billion from $2.8 billion in the same quarter last year. Net earnings in the quarter were to $646.4 million or 95 cent per diluted share, compared to net earnings of $351.4 million or 53 cent per share for the year-ago quarter.

Eli Lilly and Company ((LLY)) fell 0.2% or 10 cent to $35.40 the pharmaceutical products company reported third quarter total revenue rose 2% to $5.65 billion from $5.56 billion for the same quarter a year ago period. Net income in the quarter surged 38% to $1,302.9 million or $1.18 per diluted share compared to net income of $941.8 million or $0.86 per share a year ago period.

Exelon Corporation ((EXC)) slumped 2% or 89 cent to $42.63 after the utility service holding company said third quarter net revenue increased 5% to $5,291 million from $4,355 million for the same quarter a year ago period. Net income in the quarter surged 106% to $845 million or $1.27 per diluted share compared to net income of $633 million or $0.96 cent per share same quarter a year ago period.

Freeport-McMoRan Copper & Gold Inc. ((FCX)) declined 2.7% or $2.62 to $93.81 after the copper, gold and molybdenum mining company reported third quarter net revenue was $5.15 billion from $4.14 billion for the same quarter a year ago period. Net income in the quarter was $1.18 billion or $2.49 per diluted share compared to net income of $0.93 million or $2.07 per share a year ago period.

Honeywell International Inc. ((HON)) fell 0.4% or 22 cent to $46.45 after the aerospace product maker reported third quarter sales increased 9% to $8.4 billion from $7.7 billion in the same quarter last year. Net income in the quarter was $499 million or 64 cent per diluted share, compared to net income of $608 million or 80 cent per share for the year-ago quarter.

Laboratory Corporation of America Holdings ((LLY)) fell 0.3% or 11 cent to $35.39 after the independent clinical laboratory company said third quarter net revenue increased 7.7% to $1.28 billion from $1.19 billion for the same quarter a year ago period. Net earnings in the quarter of $140.0 million or $1.34 per diluted share compared to net earnings of $131.4 million or $1.21 per share a year ago.

Southwest Airlines Co. ((LUV)) decreased 1.1% or 16 cent to $13.46 after the aviation company reported third quarter total revenue surged 19.7% to $3.19 billion from $2.66 billion for the same quarter a year ago period. Net income in the quarter of $205 million or 27cent per diluted share compared to net loss of $16 million or 2 cent per share a same period previous year.

The Chubb Corporation ((CB)) rose 0.02% or 1 cent to $58.37 after the holding company reported third quarter Net written premiums rose 1% to $2.73 billion from $2.70 billion for the same quarter a year ago period. Net income in the quarter of $572 million or $1.80 per diluted share compared to net income of $596 million or $1.69 per share a year ago period.

T. Rowe Price Group, Inc. ((TROW)) gained 3.9% or $2.08 to $54.77 after the asset manager said third quarter revenue was $498.1 million from $586.1 million in the same quarter last year. Net income in the quarter was $132.9 million or 50 cent per diluted share, compared to net income of $169.1 million or 64 cent per share for the year-ago quarter.

Telefonaktiebolaget LM Ericsson ((ERIC)) soared 4.4% or 47 cent to $11.24 after the multimedia application service provider reported third quarter sales were $565 million from $728 million in the same quarter last year. Net loss in the quarter was to $121 million compared to net loss of $112 million for the year-ago quarter.

United Parcel Service, Inc ((UPS)) fell 0.2% or 14 cent to $69.45 after the package delivery company said third quarter net revenue increased 9.3% to $12.19 billion from $11.15 billion for the same quarter a year ago period. Net income in the quarter surged 80.5% to $991 million or 99 cent per diluted share compared to net income of $549 million or 55 cent per share same quarter a year ago period.

V.F. Corporation ((VFC)) increased 1.1% or 99 cent to $86.18 after the global apparel company reported third quarter net revenue surged 7% to $2.23 billion from $2.09 billion for the same quarter a year ago period. Net income in the quarter rose 11% to $243 million or $2.22 per diluted share compared to net income of $218 million or $1.94 per share a year ago period.

Verizon Communications Inc. ((VZ)) decreased 1.3% or 45 cent to $32.07 after the communications service provider reported third quarter revenue decreased 2.9% to $26.48 billion from $27.26 billion in the same quarter last year. Net income in the quarter rose 1.1% to $2.92 billion or 31 cent per diluted share, compared to net income of $2.89 billion or 41 cent per share for the year-ago quarter.