U.S. Movers: BP, Expeditors International, Energizer, MEMC

Bikram Pandey
02 Nov, 2010
New York City

BP plc gained after it reported third quarter revenues increased 10%. Energizer Holdings, Inc. plunged after quarter sales drifted lower. Expeditors International of Washington, Inc quarterly sales and earnings surged more than 60%.

[R]1:30 PM New York – BP plc gained after it reported third quarter revenues increased 10%. Energizer Holdings, Inc. plunged after quarter sales drifted lower. Expeditors International of Washington, Inc quarterly sales and earnings surged more than 60%.[/R]

Of the stocks in the Dow, 26 increased, 4 decreased and none were unchanged.

Of the 30 stocks in the Dow Jones Industrial Average, Merck & Co., Inc. led the gainers with a rise of 1.63% followed by increase in American Express Company of 1.47%, in Cisco Systems, Inc. of 1.47%, in E. I. du Pont de Nemours and Company of 1.39%, in Verizon Communications Inc. 1.23%.

The Boeing Company led the decliners with a fall of 1.25% followed by decline in JPMorgan Chase & Co. of 0.99%, in Pfizer Inc. of 0.68%, in Bank of America Corporation of 0.61%.

Other Movers

Allergan, Inc. ((AGN)) gained 1% or 75 cent to $74.62 after the healthcare company reported third quarter revenues increased 6% to $1.21 billion from $1.14 billion in the comparable period. Net loss in the quarter was $670.5 million or $2.21 per diluted share, compared to last year''s profit of $179.0 million or 58 cents per share, reflecting hefty charges related mainly to the U.S. government''s probe into certain uses of Botox in the past.

Anadarko Petroleum Corporation ((APC)) rose 0.02% or 4 cent to $63.20 after the independent oil and gas exploration and production company stated third quarter revenues slipped 11% to $2.55 billion from $2.87 billion last year. Net loss in the quarter was $26 million or 5 cents per diluted share, compared to a net profit of $200 million or 40 cents per share last year, hurt by losses on derivatives and the absence of one-time payments related to the Deepwater Royalty Relief Act in the prior-year quarter.

BP plc ((BP)) increased 1.3% or 54 cent to $41.31 the international oil and gas company reported third quarter total revenues grew 10% to $74.65 billion from $67.86 billion in the comparable period a year ago. Net profit in the quarter plunged 67% to $1.785 billion or to 9.38 cents per diluted share, compared to net profit of $5.34 billion or 28.18 cents per share in the prior-year period.

Cameron International Corporation ((CAM)) declined 2.4% or $1.09 to $42.80 after the flow equipment provider reported third quarter revenue rose 24% to $1.53 billion from $1.23 billion from a year ago. Net income in the quarter increased to $148.7 million or 61 cent per diluted share, compared to $124.9 million or 56 cent per diluted share in the same quarter of last year.

Dollar Thrifty Automotive Group, Inc ((DTG)) rose 1% or 47 cent to $46.25 after the car rental company reported third quarter total revenues rose 1.1% to $443.54 million from $438.89 million a year ago. Net income in the quarter soared 63% to $49.17 million or $1.62 per share, compared to net income of $30.09 million or $1.29 per share last year, primarily reflecting increase in vehicle rentals revenues.

Energizer Holdings, Inc. ((ENR)) plunged 12.2% or $8.95 to $64.38 after the primary batteries maker said third quarter net sales decreased to $1.06 billion from $1.08 billion a year ago period. Net earnings in the quarter was $84.8 million or $1.20 per diluted share compared to $37.1 million or $0.53 share same quarter a prior year period.

Expeditors International of Washington, Inc ((EXPD)) fell 1.5% or 75 cent to $48.98 after the logistics service provider reported third quarter total revenue rose 61% to $1,667.5 million from $1037.3 million a year ago period. Net earnings in the quarter increased 66% to $96.1 million or 44 cent per diluted share compared to $57.7 million or 27 cent per share same quarter a year ago period.

Forest Oil Corporation ((FST)) fell 0.8% or 26 cent to $30.75 after the oil and gas company said third quarter total revenues rose 18% to $210.39 million from $177.14 million in the same quarter last year. Net income in the quarter slumped 60% to $68.9 million or 60 cents per diluted share, compared to net income of $172.3 million or $1.53 per share for the year-ago quarter, mainly due to lower commodity prices.

HCP, Inc. ((HCP)), the real estate investment firm reported third quarter net revenue increased to $317.15 million from $287.07 million a year ago period. Net income in the quarter increased to $17.10 million or 5 per diluted share compared to net loss $52.40 million or 18 cent per share same quarter a year ago period.

Kellogg Company ((K)) decreased 1.6% or 85 cent to $49.90 after the ready-to-eat food maker said third quarter net sales decreased 4% to $3.2 billion from $3.3 million a year ago period. Net earnings in the quarter decreased to $338 million or 90 cent per diluted share compared to $361 million or 94 cent per share same quarter a year ago.

Marathon Oil Corporation ((MRO)) tumbled 4.9% or $1.76 to $33.73 after the exploration, production of oil and gas company reported third quarter total revenue increased to $18,575 million from $14,477 million a year ago period. Net income in the quarter increased to $696 million or 98 cent per diluted share compared to $413 million or 58 cent per share same quarter a prior year period.

MasterCard Incorporated ((MA)) increased 3% or $7.16 to $246.15 after the payment solutions company reported third quarter revenue rose 4.7% to $1.43 billion from $1.36 billion from a year ago. Net income in the quarter increased 14.6% to $518 million or $3.94 per diluted share, compared to $452 million or $3.45 per diluted share in the same quarter of last year.

Medco Health Solutions, Inc. ((MHS)) surged 6.7% or $3.53 to $55.90 after the healthcare company said third quarter net sales increased 10.3% to $16.3 billion from $14.7 billion a year ago period. Net income in the quarter gained 10.7% to $371.5 million or 85 cent per diluted share compared to $335.6 million or 69 cent share same quarter a prior year period.

MEMC Electronic Materials, Inc ((WFR)) slumped 5% or 64 cent to $12.03 after the manufacturer and seller of wafers reported third quarter net sales surged 62.3% to $503.1 million, from $310.0 million last year. Net income generated in the quarter was $17.6 million or 8 cents per diluted share, compared to a net loss of $64.9 million or 29 cents per share in the previous year.

Newmont Mining Corporation ((NEM)) slipped 3% or $1.86 to $59.37 after the gold producer company reported third quarter revenue surged to $2,597 million, from $2,049 million in the prior-year quarter. Net income in the quarter increased $537 million or $1.07 per diluted share, compared to $388 million or $0.79 per share in the same quarter last year.

NYSE Euronext ((NYX)) declined 1.5% or 47 cent to $29.96 after the global operator of financial markets and provider of trading strategies said third quarter total revenues declined 9.5% to $1.05 billion, from $1.16 billion in the prior year. Net income in the quarter rose marginally 2.5% to $128 million or 49 cents per diluted share, compared to net income of $125 million or 48 cents per share a year ago.

Pactiv Corporation ((PTV)) fell 0.03% or 2 cent to $33.14 after the hefty bag maker reported third quarter sales rose 12% to $944 million from $839 million, reflecting 11% higher volume and 1% higher pricing. Net income in the quarter slipped 14% to $81 million or 60 cents per diluted share, compared to net income of $94 million or 70 cents per share in the prior year, as higher costs more than offset a rise in revenues.

Pfizer Inc. ((PFE)) decreased 1.3% or 24 cent to $17.38 after the biopharmaceutical company reported third quarter revenues increased 39% to from $16.17 billion, from $11.62 billion in the year ago quarter. Net income in the quarter plunged 70% to $866 million or 11 cents per diluted share, compared to net income of $2.878 billion or 43 cents per share in the same quarter last year.

Principal Financial Group, Inc ((PFG)) increased 2.8% or 76 cent to $27.75 after the global financial services company reported third quarter operating revenues rose 1.3% to $1.99 billion from $1.96 billion. Net income in the quarter dropped 23% to $142.2 million or 44 cents per diluted share, compared to net income of $184.7 million or 57 cents per share in the same quarter a year ago.

Sanmina-SCI Corporation ((SANM)) plunged 7.7% or $1.01 to $11.97 after the electronics contract manufacturer reported fourth quarter revenue increased 25% to $1.69 billion from $1.35 billion in the same quarter last year. Net income generated in the quarter was $31.4 million or 38 cents per diluted share, compared to a net loss of $32.7 million or 42 cents per share in the prior-year quarter.

Annual revenue increased 22% to $6.3 billion from $5.2 billion in the year-ago. For the full year 2010, net income was $122.4 million or $1.48 per share, compared to a net loss of $137.8 million or $1.67 per share in the previous year.

Vulcan Materials Company ((VMC)) soared 4.7% or $1.72 to $37.67 after the largest U.S. producer of construction aggregates said third quarter net sales fell 5% to $699.79 million from $738.66 million in the same quarter last year. Net income in the quarter plunged 76% to $13.2 million or 10 cents per diluted share, compared to net income of $54.2 million or 43 cents per share for the year-ago quarter, hurt by lower sales and weaker margins.