U.S. Movers: Oracle, Research in Motion, Take-Two Interactive

Mukesh Buch
17 Dec, 2010
New York City

Accenture, first quarter total revenues increased 13% to $6.48 billion. ITT Corp., forecast total revenue for fiscal 2011 approximate $11 billion. Oracle, second quarter revenues surged 47% to $8.58 billion. Research In Motion, third quarter revenue increased 40% to $5.49 billion.

[R]10:30 AM New York – Accenture, first quarter total revenues increased 13% to $6.48 billion. ITT Corp., forecast total revenue for fiscal 2011 approximate $11 billion. Oracle, second quarter revenues surged 47% to $8.58 billion. Research In Motion, third quarter revenue increased 40% to $5.49 billion.[/R]

Of the stocks in the Dow, 9 increased, 21 decreased and none were unchanged.

Of the 30 stocks in the Dow Jones Industrial Average, International Business Machines Corporation led the gainers with a rise of 0.50% followed by increase in The Boeing Company of 0.48%, in Alcoa Inc. of 0.07%, in Intel Corporation of 0.07%, in McDonald’s Corporation of 0.07%.

Pfizer Inc. led the decliners with a fall of 0.87%, followed by decline in Merck & Co., Inc. of 0.84%, in JPMorgan Chase & Co. of 0.73%, in American Express Company of 0.54%, in Cisco Systems, Inc. of 0.51%.

Other Movers

Accenture Plc ((ACN)) surged 8.3% or $3.91 to $50.58 after the management consultants reported first quarter total revenues increased 13% to $6.48 billion from $5.75 billion last year. Net income in the quarter increased 20.2% to $534.71 million or 81 cents per diluted share, compared to $444.82 million or 67 cents per share a year ago.

Discover Financial Services ((DFS)) slipped 1.6% or 30 cents to $18.23 after the credit card and electronic payment services company reported fourth quarter revenue, net of interest expense declined 8% to $1.60 billion from $1.73 billion in the prior-year quarter. Net income for the quarter was $346.52 million or 64 cents per diluted share, compared with a loss of $77.86 million or 14 cents per share in the previous year quarter.

ITT Corporation ((ITT)) gained 2.6% or $1.35 to $52.22 after the engineering company today announced full-year 2011 total revenue growth will be 3 to 5% compared to total revenue of a year ago, which forecast approximately $11 billion. Earnings forecast in the range of $4.62 to $4.82 per share that represents approximate 7 to 12% growth from a year ago

Marshall & Ilsley Corporation ((MI)) surged 19.8% or $1.14 to $6.92 after Canada based BMO Financial Group ((BMO)) agreed to acquire the Wisconsin based bank.

Each outstanding share of M&I will be exchanged for 0.1257 shares of Bank of Montreal upon closing of C$62.05 on December 16. The transaction values each share of M&I at $7.75 or $4.1 billion in Bank of Montreal common shares.

Oracle Corporation ((ORCL)) soared 5.7% or $1.72 to $32.00 after the enterprise software company said second quarter revenues surged 47% to $8.58 billion from $5.86 billion a year ago. Net income in the quarter rose 28% to $1.9 billion or 37 cents per diluted share, compared to $1.5 billion or 29 cents per share for the year-ago quarter, helped by higher software sales and new revenue from Sun Microsystems.

Research In Motion Limited ((RIMM)) increased 2.5% or $1.39 to $60.60 after the smartphone maker said third quarter revenue increased 40% to $5.49 billion from $3.92 billion in the same quarter of last year. Net income in the quarter soared 45% to $911.1 million or $1.74 per share, compared to $628.4 million or $1.10 per share in the year-ago quarter, boosted by continuing demand for its flagship product, BlackBerry.

Take-Two Interactive Software, Inc ((TTWO)) advanced 8.2% or 98 cents to $12.92 after the entertainment software, hardware and accessories developer reported fourth quarter net revenue grew 32% to $373.7 million from $282.52 million in the same quarter last year. Net income generated in the quarter was $53.78 million or 58 cents per diluted share, compared with a net loss of $23.5 million or 30 cents per share a year earlier.

Schiff Nutrition International, Inc. ((WNI)) declined 3.2% or 29 cents to $8.67 after the vitamins, nutritional supplement maker reported second quarter revenues decreased to $52.6 million from $53.8 million last year. Net income in the quarter was $1.8 million or 6 cents per diluted share, compared to $5.9 million or 20 cents per share a year ago.