U.S. Movers: Alpha Natural, Citigroup, Sterling Bancshares, TD Ameritrade

Mukesh Buch
18 Jan, 2011
New York City

Citigroup fourth quarter total revenue surged to $18.4 billion. Delta Air fourth quarter operating revenue grew 14.3% to $7.79 billion. Forest Laboratories third quarter net revenues increased to $1.13 billion. TD Ameritrade first quarter net revenues rose 5% to $656.2 million.

[R]10:30 AM New York – Citigroup fourth quarter total revenue surged to $18.4 billion. Delta Air fourth quarter operating revenue grew 14.3% to $7.79 billion. Forest Laboratories third quarter net revenues increased to $1.13 billion. TD Ameritrade first quarter net revenues rose 5% to $656.2 million.[/R]

Of 30 the stocks in the Dow, 19 increased and 11 decreased.

Of the stocks in the Dow Jones Industrial Average, The Boeing Company led the gainers with a rise of 2.24% followed by increase in Alcoa Inc. of 1.44%, in McDonald’s Corporation of 0.82%, in The Home Depot, Inc of 0.70% in Caterpillar Inc. of 0.69%.

Verizon Communications Inc. led the decliners with a fall of 1.86%, followed by decline in Bank of America Corporation of 1.57%, in Johnson & Johnson of 0.62%, in Merck & Co. of 0.58%, in The Walt Disney Company of 0.46%.

Other Movers

Alpha Natural Resources, Inc. ((ANR)) increased 2% or $1.22 to $60.30 on speculation that Arch Coal Inc. ((ACI)) the coal companies planning to acquire Richmond, VA based Massey Energy Company ((MEE)).

Citigroup Inc. ((C)) declined 4.9% or 26 cents to $4.87 the financial services holding company reported fourth quarter total revenue increased to $18.4 billion from $5.4 billion a year ago. Net income in the quarter was $1.3 billion or 4 cents per diluted share compared to net loss $7.6 billion or 33 cents of per share a year ago.

Comerica Incorporated ((CMA)) plunged 6.7% or $2.83 to $39.42 after the financial services company reported fourth quarter net income was $96 million, compared to a loss of $29 million in the prior-year quarter. Net interest income rose 2.3% to $405 million from $396 million in the year-ago quarter.

Delta Air Lines, Inc. ((DAL)) decreased 2.5% or 32 cents to $12.43 after the airline reported fourth quarter total operating revenue grew 14.3% to $7.79 billion from $6.81 billion in the prior-year quarter. Net income generated in the quarter was $19 million or 2 cents per diluted share, compared to a loss of $25 million or 3 cents per share last year.

Fastenal Company ((FAST)) fell 0.4% or 24 cents to $59.65 after the industrial and construction product supplier said Revenue for the fourth quarter surged 20% to $573.8 million and net income was $65.2 million or 44 cents per share compared to $44.5 million or 30 cents per share from a year ago.

Forest Laboratories, Inc. ((FRX)) gained 3.6% or $1.14 to $32.58 after the branded drug product maker said third quarter net revenues increased to $1.13 billion from $1.06 billion a year ago. Net income in the quarter was $320.7 million or $1.11 per diluted share compared to $210.2 billion or $0.69 per share a year ago.

General Motors Company ((GM)) slumped 1.3% or 52 cents to $37.68 after the global automotive company said Chevrolet''s U.S. sales increased 16% in 2010.

McMoRan Exploration Co. ((MMR)) slipped 3.7% or 63 cents to $16.37 after the oil and natural gas exploration company reported fourth quarter revenues was $99 million from $131 million a year ago. Net loss in the quarter was $77 million or 75 cents per diluted share compared to $9.5 million or 11 cents of per share a year ago.

Sterling Bancshares, Inc. ((SBIB)) soared 18.3% or $1.41 to $9.11 after the bank holding company reported fourth quarter net income rose 11.8% to $1.9 million or 2 cents per diluted share, compared to net income of $1.7 million or 2 cents per share in the prior year quarter.

Net interest income after provision for credit losses declined 4.2% to $34.3 million, compared to $35.8 million in the same quarter last year.

TD Ameritrade Holding Corp. ((AMTD)) fell 0.8% or 17 cents to $20.48 after the online broker reported first quarter net revenues rose 5% to $656.2 million from $624.62 million in the prior-year quarter. Net income in the quarter increased 6.5% to $145.04 million or 25 cents per diluted share, compared to net income of $136.24 million or 23 cents per share last year.