U.S. Movers: AOL, Broadcom, Lubrizol, Time Warner, Whirlpool

Mukesh Buch
02 Feb, 2011
New York City

AOL revenues decreased 26% to $596.0 million. Broadcom revenues increased 45% to $1.95 billion. Time Warner fourth quarter total revenues increased 8% to $7.8 billion. Whirlpool reported fourth quarter total sales increased 4% to $5.0 billion.

[R]12:20 PM New York – AOL revenues decreased 26% to $596.0 million. Broadcom revenues increased 45% to $1.95 billion. Time Warner fourth quarter total revenues increased 8% to $7.8 billion. Whirlpool reported fourth quarter total sales increased 4% to $5.0 billion.[/R]

Of 30 the stocks in the Dow, 13 increased and 16 decreased and 1 unchanged.

Of the stocks in the Dow Jones Industrial Average, The Walt Disney Company led the gainers with a rise of 1.35% followed by increase in Caterpillar Inc. of 1.12%, in American Express Company of 0.83%, in Intel Corporation of 0.81%, in Cisco Systems, Inc. of 0.71%.

Pfizer Inc. led the decliners with a fall of 1.20%, followed by decline in Bank of America Corporation of 1.05%, in Wal-Mart Stores, Inc. of 1.05%, in Merck & Co., Inc. of 0.94%, in JPMorgan Chase & Co. of 0.91%.

Other Movers

AOL Inc. ((AOL)) declined 2.18% or 51 cents to $23.33 after the Web services company reported fourth quarter total revenue decreased 26% to $596.0 million from $ 806.7 million a prior year. Net income in the quarter increased to $66.2 million or 61 cents per diluted share compared to $1.4 million or 1 cent per share a year ago.

Autoliv, Inc. ((ALV)) decreased 1.6% or $1.34 to $76.40 after the holding company reported fourth quarter net sales increased 14% to $1.9 billion from $ 1.7 billion a prior year. Net income in the quarter increased to $178.8 million or $1.89 per diluted share compared to $63.5 million or $0.68 per share a year ago.

Broadcom Corporation ((BRCM)) slumped 6.2% or $2.89 to $43.52 after the semiconductors provider said total revenue increased 45% to $1.95 billion from $1.34 billion a prior year. Net income in the quarter increased to $266 million or 47 cents per diluted share compared to $59 million or 11 cents per share a year ago.

Cameron International Corporation ((CAM)) surged 7.6% or $4.02 to $57.61 after the flow equipment products provider reported fourth quarter revenue rose 23% to $1.81 billion from $ 1.46 billion a prior year. Net income in the quarter increased to $164.6 million or 66 cents per diluted share compared to $97.3 million or 41 cents per share a year ago.

Hospira, Inc. ((HSP)) tumbled 8.3% or $4.45 to $50.54 after the pharmaceutical company said fourth quarter net sales decreased 6% to $992.1 million from $ 1,055.2 million a prior year. Net income in the quarter decreased 37.3% to $60.6 million or 36 cents per diluted share compared to $96.7 million or 58 cents per share a year ago.

IAC/InterActiveCorp. ((IACI)) increased 1.1% or 33 cents to $28.88 after the consumer audience Internet company reported fourth quarter revenue surged 27% to $451.4 million from $355.7 million last year. Net income in the quarter was $87.0 million or $0.90 per diluted share compared to net loss of $1,012.9 million or $7.94 per share a year earlier.

Sales for the full year 2010 soared 22% to $1,636.8 million from $1,346.7 million a year ago. For the full year, the company''s net income was $99.4 million or $0.93 per diluted share from $978.8 million or $7.06 per share in the prior year.

Massey Energy Company ((MEE)) rose 0.9% or 60 cents to $65.35 the coal producer reported fourth quarter total revenue surged to $730.0 million from $583.9 million last year. Net loss in the quarter was $70.1 million or 69 cents per diluted share compared to net income of $24.1 million or 28 cents per share a year earlier.

Suncor Energy Inc. ((SU)) increased 1.2% or 56 cents to $42.54 after the Canada based integrated energy company said fourth quarter revenues surged 6% to $9.8 billion from $7.2 billion a prior year. Net earnings in the quarter soared to $1.35 billion or 86 cents per diluted share compared to $0.46 billion or 29 cents per share a year ago.

Revenue for the full year 2010 grew to $34.3 billion from $24.9 billion a year ago. For the full year, the company''s net earnings soared to $3.57 billion or $2.27 per diluted share from $1.15 billion or $1.00 per share in the prior year.

The NASDAQ OMX Group, Inc ((NDAQ)) surged 4.3% or $1.09 to $26.42 after the global exchange group said fourth quarter total revenues increased 8% to $400 million from $369 million a prior year. Net income in the quarter increased to $137 million or 69 cents per diluted share compared to $43 million or 20 cents per share a year ago.

Revenue for the full year 2010 grew to $1.52 billion from $1.45 billion a year ago. For the full year, the company''s net income soared to $395 million or $1.91 per diluted share from $266 billion or $1.25 per share in the prior year.

The Lubrizol Corporation ((LZ)) surged 6.3% or $6.91 to $116.62 after the specialty chemical company consolidated revenues increased 11% to $1.32 billion from $1.19 billion a prior year. Net income in the quarter increased to $156.7 million or $2.35 per diluted share compared to $134.2 million or $1.92 per share a year ago.

Time Warner Inc. ((TWX)) soared 6.3% or $2.06 to $34.37 after the media and entertainment company reported fourth quarter total revenues increased 8% to $7.8 billion from $7.2 billion a prior year. Net income in the quarter increased to $769 million or 69 cents per diluted share compared to $631 million or 54 cents per share a year ago.

Revenue for the full year 2010 grew 6% to $26.9 billion from $25.4 billion a year ago. For the full year, the company''s net income soared to $2.6 billion or $2.27 per diluted share from $2.5 billion or $2.08 per share in the prior year.

Thermo Fisher Scientific Inc ((TMO)) declined 1.5% or 86 cents to $56.55 after the analytical laboratory instruments, reagents and software provider reported fourth quarter total revenues slumped 2% to $2.78 billion from $2.84 billion a prior year. Net income in the quarter increased 10.7% to $297.5 million or 75 cents per diluted share compared to $273.3 million or 65 cents per share a year ago.

Revenue for the full year 2010 grew 7% to $10.79 billion from $10.11 billion a year ago. For the full year, the company''s net income soared 8.4% to $1.04 billion or $2.53 per diluted share from $0.85 billion or $2.01 per share in the prior year.

Unisys Corporation ((UIS)) surged 14.3% or $4.20 to $33.54 after the information technology company said fourth quarter revenues plunged 10% to $1.04 billion from $1.16 billion last year. Net income in the quarter was $99.2 million or $2.29 per diluted share compared to $114.5 million or $2.64 per share a year earlier.

Whirlpool Corporation ((WHR)) plunged 3.3% or $2.86 to $82.56 after the home appliances maker reported fourth quarter total sales increased 4% to $5.0 billion from $4.9 billion a prior year. Net earnings in the quarter increased to $171 million or $2.19 per diluted share compared to $95 million or $1.24 per share a year ago.

Net sales for the full year 2010 increased 7% to $18.4 billion from $17.1 billion a year ago. For the full year, the company''s net earnings soared to $619 million or $7.97 per diluted share from $328 million or $4.34 per share in the prior year.

For the full-year 2011, the company expects to report diluted earnings per share of $12.00 to $13.00.

Wisconsin Energy Corporation ((WEC)) fell 0.8% or 49 cents to $60.53 after the diversified holding company said fourth quarter total revenues edged up to $1.09 billion from $1.06 billion a prior year. Net income in the quarter increased to $125.9 million or $1.06 per diluted share compared to $118.7 million or $1.01 per share a year ago.