U.S. Movers: Estee Lauder, Chevron, Deckers Outdoor, First Solar

Bikram Pandey
29 Oct, 2010
New York City

Deckers Outdoor surged after the footwear maker lifted full year outlook. Estee Lauder soared 12% after earnings exceeded expectations. Coinstar Inc soared after it raised earnings outlook. First Solar declined 7%.

[R]11:30 AM New York – Deckers Outdoor surged after the footwear maker lifted full year outlook. Estee Lauder soared 12% after earnings exceeded expectations. Coinstar Inc soared after it raised earnings outlook. First Solar declined 7%.[/R]

Of the stocks in the Dow, 14 increased, 16 decreased and none were unchanged.

Of the 30 stocks in the Dow Jones Industrial Average, Alcoa Inc. led the gainers with a rise of 1.94% followed by increase in International Business Machines Corporation of 1.08%, in Microsoft Corporation of 0.95%, in Caterpillar Inc. of 0.81%, in The Coca-Cola Company 0.34%.

Chevron Corporation led the decliners with a fall of 1.78% followed by decline in Merck & Co., Inc. of 1.49%, in Bank of America Corporation of 1.31%, in The Walt Disney Company of 1.04%, Hewlett-Packard Company of 0.91%.

Other Movers

Aon Corporation ((AON)) plunged 2.5% or $1.05 to $39.61 after the capital consultation company reported third quarter revenue rose to $1,801 million from $1,794 million from a year ago. Net income in the quarter increased 20% to $144 million or 51 cent per diluted share, compared to $120 million or 41 cent per diluted share in the same quarter of last year.

Chevron Corporation ((CVX)) decreased 1.6% or $1.38 to $83.06 after the investment manager reported said third quarter total revenue increased to $49.72 billion from $46.62 billion a year ago period. Net income in the quarter rose $3.79 billion or $1.87 per diluted share compared to $3.85 billion or $1.92 per share same quarter a year ago period.

Coinstar Inc ((CSTR)) soared more than 20% after the movie rental kiosks in groceries stores lifted the earnings outlook from continuing operations between $3 and $3.50 a share.

Consol Energy Inc. ((CNX)) declined 4.1% or $1.59 to $36.83 after the multi-fuel energy producer reported third quarter revenue surged to $1.35 billion from $1.09 billion from a year ago. Net income in the quarter declined $75.4 million or 33 cent per diluted share, compared to $87.4 million or 48 cent per diluted share same quarter a year ago.

Constellation Energy Group, Inc. ((CEG)) fell 0.7% or 24 cent to $30.60 after the energy company said third quarter total revenues fell to $3,969 million from $4,028 billion in the same quarter last year. Net loss in the quarter plunged $1,406.5 million or $6.99 per diluted share, compared to net income of $137.6 million or $0.69 per share in the prior-year quarter,

Cigna Corporation ((CI)) fell 0.2% or 9 cent to $35.57 after the healthcare benefits provider reported third quarter total revenues increased 17% to $5.27 billion from $4.52 billion in the year-ago quarter. Net income in the quarter declined 6.7% to $307 million or $1.13 per share, compared to $329 million or $1.19 per share in the previous year.

DTE Energy Company ((DTE)) fell 0.9% or 47 cent to $46.78 after the energy company reported third quarter revenue surged to $2,139 million from $1,950 million a year ago period. Net income in the quarter gained to $163 million or 96 cent per diluted share compared to $151 million or 92 cent per share same quarter a year ago period.

Deckers Outdoor Corporation ((DECK)) surged 7.6% or $4.11 to $58.10 after the footwear maker reported third quarter net sales increased 21.7% to $277.9 million versus $228.4 million last year. Net income in the quarter rose 25% to $42.14 million or $1.07 per diluted share, compared to $33.83 million or 86 cents per share last year. The company also reaffirmed fourth quarter earnings and lifted full year outlook.

Dominion Resources, Inc. ((D)) slumped 1.4% or 64 cent to $43.31 after the producer and transporter of energy third quarter revenue increased to $4.0 billion from $3.6 billion a year ago period. Net earnings in the quarter decreased to $575 million or $0.98 per diluted share compared to $594 million or $1.00 per share same quarter a year ago period.

Edison International ((EIX)) gained 2% or 72 cent to $36.69 after the public utility company third quarter revenue increased to $3.8 billion from $3.7 billion a year ago period. Net income in the quarter increased to $510 million or $1.56 per diluted share compared to $403 million or $1.22 per share same quarter a year ago.

First Solar, Inc ((FSLR)) tumbled 8.1% or $12.54 to $138.61 after the thin-film solar panel maker reported third quarter net sales surged 66% to $797.90 million from $480.85 million last year. Net income in the quarter increased 15% to $176.87 million or $2.04 per diluted share, compared to $153.34 million or $1.79 per share last year

Honda Motor Co., Ltd. ((HMC)) fell 0.4% or 16 cent to $36.26 after the Japanese automaker reported second quarter net sales and other operating revenue grew 9.5% to 2.252 trillion yen from 2.056 trillion yen. Net income in the quarter surged 152% to 135.93 billion yen or 75.24 yen per basic share compared to 54.04 billion yen or 29.78 yen per basic share from a year ago.

Microsoft Corporation ((MSFT)) increased 1.6% or 43 cent to $26.71 after the software company said first quarter revenue rose 25% to $16.20 billion from $12.92 billion in the same quarter last year. Net income in the quarter soared 51% to $5.41 billion or 62 cents per diluted share, compared to $3.57 billion or 40 cents per share for the year-ago quarter.

Panasonic Corporation ((PC)) slipped 2.3% or 35 cent to $14.41 after the manufacturer of electronic and electric products stated second-quarter consolidated group sales increased 27% to 2.21 trillion yen from 1.74 trillion yen in the previous year. Net income in the quarter surged 408% to 31.04 billion yen from 6.11 billion yen a year ago. Basic net income attributable to Panasonic per common share was 14.99 yen, significantly higher than 2.95 yen last year.

Samsung Electronics Co. Ltd., the South Korean conglomerate reported third quarter total sales increased 12% to 40.23 trillion won from 35.89 trillion won in the same quarter last year. Net profit in the quarter rose 17% to 4.46 trillion won, compared to 3.81 trillion won in the prior-year quarter, driven by growing demand for imbedded products amid the strong demand for smart-phones and Tablet PCs.

Sony Corporation ((SNE)) fell 0.2% or 8 cent to $33.74 after the Japanese multinational conglomerate reported second quarter sales and operating revenue rose 4.2% to 1.73 trillion yen from 1.66 trillion yen last year, primarily due to an increase in sales in all segments other than Music, partially offset by unfavorable foreign exchange rates. Net income generated in the quarter was 31.15 billion yen or 31.00 yen per share, compared to a net loss of 26.31 billion yen or 26.22 yen per share last year.

Sunoco, Inc. ((SUN)) plunged 6.2% or $2.48 to $37.24 after the oil refiner said third quarter revenue rose 12% to $9.48 billion from $8.45 billion in the same quarter last year. Net income generated in the quarter was $65 million or 54 cents per diluted share, compared to a net loss of $312 million or $2.67 per share for the year-ago quarter.

The Estee Lauder Companies Inc ((EL)) soared 13.1% or $8.44 to $72.85 after the skin care company third quarter net sales rose 14% $2.09 billion from $1.83 billion a year ago period. Net earnings in the quarter surged 36% $191.1 million or 95 cent per diluted share compared to $140.7 million or 71 cent per share same quarter a prior year period.

The NASDAQ OMX Group, Inc ((NDAQ)) gained 2.4% or 52 cent to $21.42 after the global security trading exchange group third quarter revenue decreased to $379 million from $461 million a year ago period. Net income in the quarter increased to $100 million or 50 cent per diluted share compared to $60 million or 28 cent per share same quarter a year ago period.

VeriSign, Inc. ((VRSN)) surged 3.2% or $1.08 to $34.53 after the Internet infrastructure service provider said third quarter revenue rose 10.2% to $173 million, compared to $157 million in the same period a year-ago. Net income in the quarter surged 1354% to $785 million or $4.48 per diluted share, compared to $54 million or 28 cents per share in the same quarter last year, due to a hefty gain on sale of its Authentication Services business.

Weyerhaeuser Timber Company ((WY)) increased 1.7% or 27 cent to $15.97 after the forest product company third quarter net revenue increased to $1.7 billion from $1.4 billion a year ago period. Net earnings in the quarter increased to $ 1,116 million or $3.50 per diluted share compared to net loss$5 million or break even share same quarter a prior year period.