U.S. Movers: Cardinal Health, Kellogg, Moody

Mukesh Buch
03 Feb, 2011
New York City

Cardinal Health second quarter revenue gained 2%. CVS Caremark fourth quarter net revenue decreased 4.1% to $24.8 billion. MasterCard fourth quarter net revenues increased 10.7% to $1.4 billion. Viacom first quarter revenue decreased 5% to $3.8 billion. YUM Brands fourth quarter revenue surged 6%.

[R]10:30 AM New York – Cardinal Health second quarter revenue gained 2%. CVS Caremark fourth quarter net revenue decreased 4.1% to $24.8 billion. MasterCard fourth quarter net revenues increased 10.7% to $1.4 billion. Viacom first quarter revenue decreased 5% to $3.8 billion. YUM Brands fourth quarter revenue surged 6%.[/R]

Of 30 the stocks in the Dow, 9 increased and 21 decreased.

Of the stocks in the Dow Jones Industrial Average, AT&T Inc. led the gainers with a rise of 0.54% followed by increase in McDonald’s Corporation of 0.49%, in The Home Depot, Inc. of 0.38%, in Kraft Foods Inc. of 0.38%, in The Travelers Companies, Inc. of 0.34%.

Merck & Co., Inc. led the decliners with a fall of 3.39%, followed by decline in Alcoa Inc. of 1.92%, in Microsoft Corporation of 1.29%, in American Express Company of 1.24%, in JPMorgan Chase & Co. of 1.21%.

Other Movers

ACE Limited ((ACE)) fell 0.3% or 24 cents to $62.26 after the Switzerland based insurance company reported fourth quarter net premium surged to $4.56 billion from $4.51 billion last year. Net income in the quarter was $1,001 million or $2.92 per diluted share compared to $953 million or $2.81 per share a year earlier.

Cardinal Health, Inc ((CAH)) rose 0.2% or 10 cents to $41.71 after the healthcare company reported second quarter revenue rose 2% to $25.4 billion from $24.9 billion last year. Net earnings in the quarter declined 8% to $215.4 million or 61 cents per diluted share compared to $234.5 million or 65 cents per share a year earlier.

CME Group Inc. ((CME)) declined 4.4% or $13.91 to $301.23 after the electronic trading company said fourth quarter net revenue soared 14% to $763 million from $667 million last year. Net income in the quarter fell 3% to $196 million or $2.93 per diluted share compared to $203 million or $3.04 per share in the prior year.

Revenue for the full year 2010 rose 15% to $3.0 billion from $2.6 billion a year ago. For the full year, the company''s net earnings soared 15% to $951 million or $14.31 per diluted share from $826 million or $12.41 per share in the prior year.

Cigna Corporation ((CI)) fell 0.8% or 36 cents to $41.90 after the health service organization reported fourth quarter consolidated revenue increased to $5.43 billion from $4.64 billion last year. Net income in the quarter was $461 million or $1.69 per diluted share compared to $330 million or $1.19 per share in the prior year.

Revenue for the full year 2010 increased 15% to $21.3 billion from $18.4 billion a year ago. For the full year, the company''s net income was $1.34 billion or $4.89 per diluted share from $1.30 billion or $4.73 per share in the prior year.

CVS Caremark Corporation ((CVS)) plunged 5.4% or $1.90 to $32.75 after the health care provider said fourth quarter net revenue decreased 4.1% to $24.8 billion from $25.8 billion last year. Net income in the quarter was $1.03 billion or 75 cents per diluted share compared to $1.05 billion or 74 cents per share in the prior year. Pharmacy Services segment revenues decreased 9.7% to $12.2 billion. Retail Pharmacy segment revenues increased 3.1% to $14.9 billion. Same store sales increased 1.7%.

Revenue for the full year 2010 fell 2.3% to $96.4 billion from $97.7 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.

Goodrich Corporation ((GR)) fell 0.4% or 44 cents to $91.99 after the aerospace components supplier reported fourth quarter revenue surged 10% to $1.81 billion from $1.64 million last year. Net income in the quarter increased to $148 million or $1.16 per diluted share compared to net loss of $105 million or $0.82 per share a year earlier.

International Paper Company ((IP)) rose 0.8% or 25 cents to $29.62 after the paper and packaging company said fourth quarter sales rose to $6.5 billion from $6.0 billion last year. Net earnings in the quarter increased to $316 million or 73 cents per diluted share compared to net loss of $101 million or 24 cents per share a year earlier.

Sales for the full year 2010 increased to $25.2 billion from $23.4 billion a year ago. For the full year, the company''s net earnings decreased to $644 million or $1.48 per diluted share from $663 million or $1.55 per share in the prior year.

Kellogg Company ((K)) increased 1.9% or $1.00 to $51.36 after the ready-to-eat food maker company reported fourth quarter net sales fell 1% to $2.86 billion from $2.90 billion last year. Net income in the quarter increased to $189 million or 51 cents per diluted share compared to net loss of $176 million or 46 cents per share a year earlier.

Sales for the full year 2010 fell to $12.4 billion from $12.6 billion a year ago. For the full year, the company''s net income soared to $1.25 billion or $3.30 per diluted share from $1.21 billion or $3.16 per share in the prior year.

MasterCard Incorporated ((MA)) rose 0.4% or $1.11 to $240.50 after the payment solutions company reported fourth quarter net revenues increased 10.7% to $1.4 billion from $1.3 billion a prior year. Net income in the quarter increased 41.2% to $415 million or $3.16 per diluted share compared to $294 million or $2.24 per share a year ago.

Moody’s Corporation ((MCO)) fell 0.07% or 2 cents to $29.65 after the credit rating provider said fourth quarter revenue increased 16% to $564.3 million from $485.8 million a prior year. Net income in the quarter increased to $137.4 million or 58 cents per diluted share compared to $101.9 million or 43 cents per share a year ago.

Markel Corporation ((MKL)) rose 0.5% or $2.17 to $403.87 after the markets and underwrites specialty insurance company said fourth quarter revenue surged to $611.9 million from $551.4 million last year. Net income in the quarter was $140.1 million or $14.37 per diluted share compared to $93.4 million or $9.49 per share a year earlier.

National Oilwell Varco, Inc. ((NOV)) increased 1% or 86 cents to $75.50 after the equipment and components provider reported fourth quarter revenues increased 5% to $3.17 billion from $3.13 billion a prior year. Net income in the quarter surged 12% to $440 million or $1.05 per diluted share compared to $394 million or $0.94 per share a year ago.

News Corporation ((NWSA)) rose 0.1% or 9 cents to $74.73 after the media company said second quarter revenue increased to $8.76 billion from $8.68 billion last year. Net income in the quarter was $642 million or 24 cents per diluted share compared to $254 million or 10 cents per share in the prior year.

Reynolds American Inc. ((RAI)) decreased 1.1% or 38 cents to $32.04 after the holding company said fourth quarter net sales decreased 7% to $2.08 billion from $2.10 billion a prior year. Net income in the quarter surged 43.7% to $309 million or 60 cents per diluted share compared to $215 million or 37 cents per share a year ago.

Spectra Energy Corp ((SE)) fell 0.9% or 24 cents to $26.09 after the natural gas related energy operator reported fourth quarter operating revenues increased to $1.38 billion from $1.30 billion a prior year. Net income in the quarter increased to $341 million or 49 cents per diluted share compared to $240 million or 34 cents per share a year ago.

Starwood Hotels & Resorts Worldwide, Inc ((HOT)) increased 1.4% or 84 cents to $61.68 after the hotel and leisure company reported fourth quarter revenue surged 6.7% to $459 million from $430 million last year. Net income in the quarter was $339 million or $1.78 per diluted share compared to net loss of $107 million or $0.59 per share a year earlier.

The New York Times Company ((NYT)) slumped 3.5% or 38 cents to $10.36 after the diversified media company said fourth quarter total revenue decreased 2.9% to $661.7 million from $681.2 million a prior year. Net income in the quarter decreased to $67.1 million or 44 cents per diluted share compared to $90.9 million or 61 cents per share a year ago.

Viacom Inc. ((VIA)) slipped 1.6% or 81 cents to $49.70 after the entertainment company said first quarter revenue decreased 5% to $3.8 billion from $4.0 million a prior year. Net earnings in the quarter decreased to $610 million or $1.00 per diluted share compared to $694 million or $1.14 per share a year ago.

Visa Inc. ((V)) declined 1.1% or 85 cents to $71.24 after the payments technology company reported first quarter net revenue increased 14% to $2.24 billion from $1.96 million a prior year. Net income in the quarter increased to $884 million or $1.23 per diluted share compared to $763 million or $1.03 per share a year ago.

YUM! Brands, Inc. ((YUM)) gained 3% or $1.45 to $49.18 after the quick service restaurant reported fourth quarter revenue surged 6% to $3.56 billion from $3.36 billion last year. Net income in the quarter soared 27% to $274 million or 50 cents per diluted share compared to $216 million or 42 cents per share a year earlier. Same-store-sales grew 6% in China and 1% in the U.S.