U.S. Movers: eBay, F5 Networks, Seagate, Union Pacific, UnitedHealth

Mukesh Buch
20 Jan, 2011
New York City

eBay fourth quarter net revenue increased 5% to $2.5 billion. Johnson Controls first quarter net sales climbed 13% to $9.5 billion. Morgan Stanley fourth quarter net earnings surged 60% to $600 million. UnitedHealth fourth quarter total revenues grew 10.3% to $24.03 billion.

[R]10:55 AM New York – eBay fourth quarter net revenue increased 5% to $2.5 billion. Johnson Controls first quarter net sales climbed 13% to $9.5 billion. Morgan Stanley fourth quarter net earnings surged 60% to $600 million. UnitedHealth fourth quarter total revenues grew 10.3% to $24.03 billion.[/R]

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

Of the stocks in the Dow Jones Industrial Average, The Home Depot, Inc led the gainers with a rise of 2.43% followed by increase in JPMorgan Chase & Co. of 1.60%, in Wal-Mart Stores, Inc. of 1.57%, in Johnson & Johnson of 0.56% in The Travelers Companies, Inc. of 0.48%.

Cisco Systems, Inc. led the decliners with a fall of 1.25%, followed by decline in Alcoa Inc. of 1.12%, in Caterpillar Inc. of 1.09%, in E. I. du Pont de Nemours and Company of 1.04%, in Chevron Corporation of 0.82%.

Other Movers

eBay Inc. ((EBAY)) surged 4.8% or $1.40 to $30.50 after the online auctioneer reported fourth quarter net revenue increased 5% to $2.5 billion from $2.4 billion in the same quarter last year. Net income in the quarter plunged 59% to $559 million or 42 cents per diluted share, compared to net income of $1.4 billion or $1.02 per share in the prior-year quarter, mainly due to the absence of a hefty gain from the sale of Skype recorded in the year ago period.

Annual net revenue increased 5% to $9.2 billion from $8.7 billion a year ago. For the full-year 2010, net income fell to $1.8 billion or $1.36 per share, from $2.4 billion or $1.83 per share in the previous year.

F5 Networks, Inc. ((FFIV)) tumbled 20.2% or $28.08 to $110.75 after the networking appliances company reported first quarter revenues soared 41% to $268.9 million from $191.2 million in the same quarter of last year. Net income in the quarter surged 90% to $55.7 million or 68 cents per diluted share, compared to net income of $29.3 million or 36 cents per share last year.

Freeport-McMoRan Copper & Gold Inc. ((FCX)) plunged 4.5% or $5.21 to $109.95 after the copper, gold and molybdenum mining company reported fourth quarter revenues were $5.6 billion from $4.6 billion a year ago. Net income in the quarter was $1.5 billion or $3.25 per diluted share compared to $0.97 billion or $2.15 per share a year ago.

Fifth Third Bancorp ((FITB)) slipped 2% or 30 cents to $14.31 after the diversified financial services company reported fourth quarter revenues rose 2.6% to $1.57 billion, compared with $1.53 billion last year. Net income generated in the quarter was $270 million or 33 cents per diluted share, compared to a net loss of $160 million or 20 cents per share in the fourth quarter of 2009.

Johnson Controls Inc. ((JCI)) slumped 3.9% or $1.58 to $38.55 after the automotive seating systems and interior components provider said first quarter net sales climbed 13% to $9.5 billion, compared to $8.4 billion in last year period. Net income in the quarter increased 7.1% to $375 million or 55 cents per diluted share, compared to net income of $350 million or 52 cents per share in the prior-year quarter.

Kinder Morgan Energy Partners, L.P. ((KMP)) decreased 1.1% or 79 cents to $71.11 after the energy storage company reported fourth quarter revenue edged up to $1.93 billion from $1.91 billion a year ago. Net income in the quarter increased to $413.1 million or 44 cents per diluted share compared to $320.3 million or 26 cents per share a year ago.

Morgan Stanley ((MS)) rose 0.3% or 10 cents to $27.85 after the financial services company reported fourth quarter net revenues rose 14% to $7.8 billion, compared to $6.8 billion last year Net earnings in the quarter surged 60% to $600 million or 41 cents per diluted share, compared to net earnings of $376 million or 29 cents per share, in the same quarter last year.

Parker-Hannifin Corporation ((PH)) declined 3.4% or $3.12 to $87.96 after the motion and control product maker reported second quarter net sales were $2.9 billion from $2.4 billion a year ago. Net income in the quarter was $230 million or $1.39 per diluted share compared to $105 million or $0.64 per share a year ago period.

The PNC Financial Services Group, Inc ((PNC)) slipped 1.7% or $1.10 to $60.71 after the diversified financial service company said fourth quarter total revenue was $3.9 billion from $4.8 billion a year ago. Net income in the quarter was $798 million or $1.50 per diluted share compared to $1,011 million or $2.15 per share a year ago.

Rockwell Collins, Inc. ((COL)) rose 0.1% or 11 cents to $63.37 after the aviation applications provider reported first quarter revenues decreased 8% to $0.8 billion from $1.1 billion a year ago. Net income in the quarter increased 25% to $151 million or 96 cents per diluted share compared to $121 million or 76 cents per share a year ago.

Southwest Airlines Co. ((LUV)) fell 0.08% or 1 cent to $12.82 after the passenger airline company said fourth quarter revenue surged 14.8% to $3.1 billion from $2.7 billion a year ago. Net income in the quarter increased 13% to $131 million or 18 cents per diluted share compared to $116 million or 16 cents per share a year ago.

SLM Corporation ((SLM)) gained 1% or 14 cents to $13.96 after the student lender commonly known as Sallie Mae, said fourth quarter net income increased 45% to $447 million or 84 cents per diluted share, compared to net income of $309 million or 52 cents per share in the year-ago quarter. Net interest income for the quarter rose 43% to $856.81 million from $598.79 million in the same quarter last year.

Seagate Technology plc ((STX)) plunged 6% or 86 cents to $13.27 after the computer disk drive maker reported second quarter revenue was declined to $2.7 billion from $3.0 million in the same quarter of last year. Net income in the quarter plunged to $150.0 million or $0.31 per diluted share, compared to $533.0 million or $1.03 per share last year.

UnitedHealth Group Inc. ((UNH)) decreased 2% or 82 cents to $39.74 after the diversified health company reported fourth-quarter total revenues grew 10.3% to $24.03 billion from $21.78 billion in the prior-year quarter. Net earnings in the quarter rose 10.2% to $1.04 billion or 94 cents per diluted share, compared to net earnings of $944 million or 81 cents per share last year.

Union Pacific Corporation ((UNP)) slumped 2.9% or $2.83 to $94.47 after the railroad company said fourth quarter revenue soared 17% to $4.41 billion from $3.75 billion a year ago. Net income in the quarter increased 41% to $775 million or $1.56 per diluted share compared to $549 million or $1.08 per share a year ago.

Xilinx, Inc. ((XLNX)) rose 0.7% or 22 cents to $31.24 after the programmable logic device maker reported third quarter net revenues increased 10% to $567.19 million from $513.35 million last year. Net income in the quarter increased 42.5% to $152.34 million or 58 cents per diluted share, compared to net income of $106.91 million or 38 cents per share in the previous year.