U.S. Movers: ADM, Baidu, Cummins, Energizer, ExxonMobil, UPS

Mukesh Buch
01 Feb, 2011
New York City

Cummins fourth quarter net sales soared 22% to $4.14 billion. Exxon Mobil fourth quarter total revenue surged to $105.19 billion. Pfizer fourth quarter revenues increased 6% to $17.5 billion. United Parcel fourth quarter revenues increased 8.4% to $13.42 billion.

[R]11:30 AM New York – Cummins fourth quarter net sales soared 22% to $4.14 billion. Exxon Mobil fourth quarter total revenue surged to $105.19 billion. Pfizer fourth quarter revenues increased 6% to $17.5 billion. United Parcel fourth quarter revenues increased 8.4% to $13.42 billion.[/R]

Of 30 the stocks in the Dow, 25 increased and 5 decreased.

Of the stocks in the Dow Jones Industrial Average, Pfizer Inc. led the gainers with a rise of 4.17% followed by increase in Alcoa Inc. of 4.10%, in Bank of America Corporation of 2.62%, in General Electric Company of 2.25%, in Exxon Mobil Corporation of 2.09%.

McDonald’s Corporation led the decliners with a fall of 0.44%, followed by decline in Kraft Foods Inc. of 0.26%, Intel Corporation of 0.16% and 3M Company of 0.02%.

Other Movers

Archer Daniels Midland Company ((ADM) surged 6.6% or $2.16 to $34.83 after the agricultural commodities and products processor reported second quarter net sales were $20.9 billion from $15.9 billion a prior year. Net earnings in the quarter were $732 million or $1.14 per diluted share compared to $567 million or $0.88 per share a year ago.

Biogen Idec Inc. ((BIIB)) gained 3.5% or $2.01 to $67.50 after the biotechnology company said fourth quarter revenues increased 8% to $1.2 billion from $1.1 billion a prior year. Net income in the quarter decreased 21% to $240 million or $0.99 per diluted share compared to $306 million or $1.06 per share a year ago.

Baidu, Inc. ((BIDU)) surged 7.8% or $8.49 to $117.12 after China based Internet search provider reported fourth quarter revenues surged 94.4% to RMB2.451 billion from a year-earlier period. Net income in the quarter soared 171% to RMB1.161 billion or RMB3.32 per diluted share compared to a year earlier.

Celanese Corporation ((CE)) rose 2.3% or 96 cents to $42.45 after the integrated chemicals producer reported fourth quarter net sales increased 9% to $1,507 million from $1,388 million a prior year. Net earnings in the quarter were $56 million or 35 cents per diluted share compared to $6 million or 3 cents per share a year ago.

Cummins Inc. ((CMI)) declined 1.9% or $2.00 to $103.95 after the engines manufacturer said fourth quarter net sales rose 22% to $4.14 billion from $3.40 billion a prior year. Net income in the quarter was $362 million or $1.84 per diluted share compared to $270 million or $1.36 per share a year ago period.

Covidien Public Limited Company ((COV)) gained 4.1% or $1.99 to $49.45 after the Ireland based healthcare company reported first quarter net sales increased 5% to $2.77 billion from $2.64 billion a prior year. Net income in the quarter increased 15% to $427 million or 86 cents per diluted share compared to $412 million or 82 cents per share a year ago.

Emerson Electric Co. ((EMR)) decreased 1.1% or 65 cents to $58.22 after the diversified technology company reported first quarter net sales rose 15% to $5.5 billion from $4.8 billion a prior year. Net earnings in the quarter were $480 million or 63 cents per diluted share compared to $425 million or 56 cents per share a year ago.

Energizer Holdings, Inc. ((ENR)) tumbled 13.6% or $9.84 to $62.94 after the batteries and personal care product maker said first quarter net sales were $1,177.1 million from $ 1,176.4 million a prior year. Net earnings in the quarter were $110.4 million or $1.55 per diluted share compared to $125.7 million or $1.78 cents per share a year ago.

Exxon Mobil Corporation ((XOM)) increased 2.4% or $1.95 to $82.65 after the petrochemical company reported fourth quarter total revenue surged to $105.19 billion from $89.84 billion last year. Net income in the quarter increased to $9.2 billion or $1.85 per diluted share compared to $6.05 billion or $1.27 per share a year earlier.

Sales for the full year 2010 grew to $383.2 billion from $310.6 billion a year ago. For the full year, the company''s net income soared to $30.4 billion or $6.22 per diluted share from $19.3 billion or $3.98 per share in the prior year.

Lear Corporation ((LEA)) fell 0.03% or 3 cents to $105.60 after the automotive seat system supplier reported fourth quarter net sales increased 15% to $3.2 billion from $2.7 billion a prior year. Net income in the quarter was $117.1 million or $2.16 per diluted share compared to $1,228.2 million a year ago.

NiSource Inc ((NI)) fell 0.4% or 9 cents to $18.53 after the energy holding company said fourth quarter revenue fell to $915.4 million from $917.4 million last year. Net income in the quarter increased to $35.8 million or 13 cents per diluted share compared to $88.5 million or 32 cents per share a year earlier.

NuStar Energy L.P. ((NS)) fell 0.4% or 34 cents to $69.41 after the terminals and storage of petroleum product reported fourth quarter total revenues increased to $1.2 billion from $0.983 billion in the year-earlier period. Net income in the quarter rose to $51.5 million or 65 cents a diluted share compared to $37.3 billion or 50 cents per share a year earlier.

Pfizer Inc. ((PFE)) soared 4.9% or 91 cents to $19.13 after the biopharmaceutical company said fourth quarter revenues increased 6% to $17.5 billion from $16.5 billion last year. Net income in the quarter increased 277% to $2.89 billion or 36 cents per diluted share compared to $0.77 billion or 10 cents per share a year earlier.

Revenue for the full year 2010 grew 36% to $67.81 billion from $50.01 billion a year ago. For the full year, the company''s net income decreased 4% to $8.26 billion or $1.02 per share from $8.63 billion or $1.23 per share in the prior year.

Roper Industries, Inc. ((ROP)) rose 0.7% or 55 cents to $78.24 after the energy systems and control manufacturer reported fourth quarter revenue surged 23% to $679 million from $553 million last year. Net earnings in the quarter increased to $107.3 million or $1.10 per diluted share compared to $71.9 million or $0.77 per share a year earlier.

The McGraw-Hill Companies, Inc ((MHP)) slumped 4.3% or $1.69 to $37.29 after the print media reported fourth quarter revenues rose 4.2% to $1.52 billion from $1.46 billion in the year-earlier period. Net income in the quarter dropped 8% to $153.8 million or 50 cents a diluted share compared to $167.3 million or 53 cents per share a year earlier.

United Parcel Service, Inc ((UPS)) gained 4.2% or $3.03 to $74.63 after the package delivery company said fourth quarter revenues increased 8.4% to $13.42 billion from $12.38 billion last year. Net income in the quarter increased 47.8% to $1.12 billion or $1.11 per diluted share compared to $757.0 million or $0.75 per share a year earlier.

Revenue for the full year 2010 grew 9.4% to $49.5 billion from $45.3 billion a year ago. For the full year, the company''s net income increased 62.1% to $3.49 billion or $3.48 per share from $2.1 billion or $2.14 per share in the prior year.