U.S. Movers: Coinstar, JPMorgan, Goldman Sachs and Intel

Mukesh Buch
14 Jan, 2011
New York City

AT&T estimates pre-tax charged $2.7 billion in the fourth quarter. American Capital priced public offering at $28 per share. Intel Corp. fourth quarter revenue rose 8% to $11.46 billion. JPMorgan fourth quarter total revenue rose 13% to $26.1 billion.

[R]10:30 AM New York – AT&T estimates pre-tax charged $2.7 billion in the fourth quarter. American Capital priced public offering at $28 per share. Intel Corp. fourth quarter revenue rose 8% to $11.46 billion. JPMorgan fourth quarter total revenue rose 13% to $26.1 billion.[/R]

Of 30 the stocks in the Dow, 15 increased and 15 decreased.

Of the stocks in the Dow Jones Industrial Average, JPMorgan Chase & Co. led the gainers with a rise of 1.17% followed by increase in American Express Company of 1.11%, in Alcoa Inc. of 0.89%, in Hewlett-Packard Company of 0.70% in The Home Depot, Inc of 0.61%.

Intel Corporation led the decliners with a fall of 1.27%, followed by decline in The Travelers Companies, Inc. of 1.11%, in Caterpillar Inc. of 0.86%, in United Technologies Corporation of 0.78%, in Johnson & Johnson of 0.52%.

Other Movers

AT&T Inc. ((T)) rose 0.3% or 11 cents to $28.19 after the telecommunications provider stated that it estimates to incur a $2.7 billion charge pre-tax in the fourth quarter due to a change in its accounting method for pension and other postretirement benefits. The change, which the company expects will improve the transparency of financial reporting.

American Capital Agency Corp. ((AGNC)) rose 0.9% or 27 cents to $28.91 after the real estate investment trust had priced public offering of 23.4 million shares at $28 per share. The offer expected to be closed on Jan. 20. Bank of America Merrill Lynch, Citi, Deutsche Bank Securities and UBS Investment Bank are joint managers.

Coinstar, Inc. ((CSTR)) tumbled 24.3% or $13.84 to $43.11 after the automated retail solutions provider lowered its fourth quarter outlook. Revenues for the fourth-quarter are currently estimated at about $391 million, compared with previous guidance in the range of $415 million to $440 million.

The company currently estimates earnings from continuing operations in the range of $0.65 to $0.69 per share, compared to prior guidance range of $0.79 to $0.85 per share.

DHT Holdings, Inc ((DHT)) gained 2.2% or 11 cents to $5.09 after the fleet operator reported fourth quarter net interest income fell to $22.9 million from $23.9 million a year ago. Net income in the quarter was $7 million or 14 cents per diluted share compared to $3.9 million or 8 cents of per share a year ago.

For the full year, revenues decreased to $89.7 million from $102.6 million a year ago. Net income in the period decreased to $6.3 million or 13 cents per diluted share compared to $16.8 million or 36 cents per share a year ago.

Hasbro, Inc. ((HAS)) decreased 2% or 90 cents to $43.75 after the toys maker announced, based on preliminary full-year 2010 revenues of approximately $4.0 billion. For the fourth quarter 2010, the company anticipates revenues to be approximately $1.3 billion.

Intel Corporation ((INTC)) fell 1% or 21 cents to $21.08 the semiconductor chip maker said fourth quarter revenue rose 8% to $11.46 billion from $10.57 billion in the same quarter last year. Net income in the quarter surged 48% to $3.39 billion or 59 cents a diluted share, compared to net income of $2.28 billion or 40 cents per share for the year-ago quarter.

Revenue for the full year 2010 rose 24% to $43.62 billion from $35.13 billion the prior year. For the full-year 2010, the company reported net income of $11.67 billion or $2.05 per share, compared to $4.37 billion or $0.77 per share in 2009.

JPMorgan Chase & Co. ((JPM)) increased 1.9% or 86 cents to $45.31 after the financial services firm reported fourth quarter total net revenue grew 13% to $26.1 billion from $23.16 billion in the prior-year quarter. Net income in the quarter soared 47% to $4.83 billion or $1.12 per share, compared to net income of $3.28 billion or 74 cents per share last year.

M&T Bank Corporation ((MTB)) fell 0.03% or 3 cents to $86.23 after the bank holding company reported net income in the fourth quarter rose 54% to $189.67 million or $1.59 per share from $122.91 million or $1.04 per share in the year-ago period. Net interest income for the quarter rose 3% to $574.09 million from $558.71 million last year.

Shuffle Master, Inc. ((SHFL)) decreased 1.8% or 21 cents to $11.37 after the gaming products company reported fourth quarter total revenue increased 7% to $58.60 million from $54.57 million last year. Net income in the quarter declined 9% to $5.68 million or 10 cents per diluted share, compared to net income of $6.24 million or 12 cents per share in the previous year.

The Goldman Sachs Group, Inc ((GS)) gained 1.3% or $2.25 to $173.82 after the securities and investment bank on speculation released details of about $5 billion of investment losses it suffered during the financial crisis.

Webster Financial Corporation ((WBS)) soared 6.4% or $1.26 to $20.96 after the bank holding and financial holding company said net income generated in the fourth quarter was $24.95 million or 30 cents per diluted share compared to a net loss of $54.39 million or 84 cents per share in the year-ago period.

The company''s total interest income for the period declined 4.1% to $174.02 million from $181.46 million in the prior year period.