U.S. Movers: Aetna, Las Vegas, Dolby Labs, JDS Uniphase

Mukesh Buch
04 Feb, 2011
New York City

Aetna fourth quarter revenue fell 2% to $8.54 billion. Aon fourth quarter revenue surged 40% to $2.91 billion. Las Vegas Sands fourth quarter net revenue increased 56.9% to $2.02 billion. Merck & Co. fourth quarter net revenue increased 20% to $12.09 billion.

[R]11:00 AM New York – Aetna fourth quarter revenue fell 2% to $8.54 billion. Aon fourth quarter revenue surged 40% to $2.91 billion. Las Vegas Sands fourth quarter net revenue increased 56.9% to $2.02 billion. Merck & Co. fourth quarter net revenue increased 20% to $12.09 billion.[/R]

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

Of the stocks in the Dow Jones Industrial Average, Kraft Foods Inc. led the gainers with a rise of 0.46% followed by increase in The Walt Disney Company of 0.25%, in Merck & Co., Inc. of 0.23%, in 3M Company of 0.15%, in The Home Depot, Inc. of 0.11%.

Bank of America Corporation led the decliners with a fall of 1.25%, followed by decline in JPMorgan Chase & Co. of 1.25%, in General Electric Company of 0.81%, in Alcoa Inc. of 0.64%, in Chevron Corporation of 0.62%.

Other Movers

Aetna Inc. ((AET)) soared 11.7% or $3.90 to $37.17 after the health care company reported fourth quarter revenue fell 2% to $8.54 billion from $8.75 billion last year. Net income in the quarter surged 30% to $215.6 million or 53 cents per diluted share compared to $165.9 million or 38 cents per share in the prior year.

Revenue for the full year 2010 fell 15% to $34.24 billion from $34.76 billion a year ago. For the full year, the company''s net income soared 38% to $1.77 billion or $4.18 per diluted share from $1.28 billion or $2.84 per share in the prior year.

Aon Corporation ((AON)) gained 3.7% or $1.74 to $46.83 after the risk management and capital consultant company reported fourth quarter revenue surged 40% to $2.91 billion from $2.07 billion last year. Net income in the quarter increased 17% to $231 million or 67 cents per diluted share compared to $198 million or 69 cents per share in the prior year.

Revenue for the full year 2010 increased 12% to $8.5 billion from $7.6 billion a year ago. For the full year, the company''s net income fell 5% to $706 million or $2.37 per diluted share from $747 million or $2.57 per share in the prior year.

AmerisourceBergen Corporation ((ABC)) rose 0.3% or 11 cents to $35.53 after the pharmaceutical company said first quarter revenue increased 3% to $19.9 billion from $19.3 billion last year. Net income in the quarter rose 0.8% to $160.5 million or 57 cents per diluted share compared to $151.3 million or 52 cents per share a year earlier.

Constellation Energy Group, Inc. ((CEG)) fell 0.6% or 20 cents to $31.63 after the energy company fourth quarter revenue edged up to $3.47 billion from $3.40 billion a prior year. Net income in the quarter declined to $159.8 million or $0.79 per diluted share compared to $4,421.2 million or $21.96 per share a year ago.

Revenue for the full year 2010 decreased to $14.34 billion from $15.60 billion a year ago. For the full year, the company''s net loss was $982.6 million or $4.90 per diluted share compared to net income of $4,443.4 million or $22.19 per share in the prior year.

Dolby Laboratories, Inc. ((DLB)) tumbled 9.8% or $6.06 to $55.50 after the entertainment technology provider reported first quarter total revenue increased to $242.7 million from $221.2 million a prior year. Net income in the quarter increased to $86.4 million or 76 cents per diluted share compared to $69.1 million or 59 cents per share a year ago.

Griffon Corporation ((GFF)) decreased 1% or 12 cents to $11.20 after the holding company said first quarter total revenue increased 36% to $414 million from $305 million a prior year. Net loss in the quarter was $1.7 million or 3 cents per diluted share compared to net income $4.3 million or 7 cents per share a year ago.

JDS Uniphase Corporation ((JDSU)) surged 21.8% or $3.91 to $21.84 after the optical product service provider reported second quarter net revenue increased to $473.5 million from $342.9 million a prior year. Net income in the quarter was $23.6 million or 10 cents per diluted share compared to net loss $19.5 million or 9 cents per share a year ago.

Las Vegas Sands Corp. ((LVS)) declined 6.5% or $3.31 to $47.00 after the resort, hotel and casino operator reported fourth quarter net revenue increased 56.9% to $2.02 billion from $1.28 billion a prior year. Net income in the quarter increased to $273.0 million or 34 cents per diluted share compared to net loss $113.9 million or 17 cents per share a year ago.

Merck & Co., Inc. ((MRK)) fell 0.09% or 3 cents to $32.87 after the global health care company reported fourth quarter net revenue increased 20% to $12.09 billion from $10.09 billion a prior year. Net loss in the quarter was $531.0 million or $0.17 per diluted share compared to net income $6,494 million or $2.35 per share a year ago.

PPL Corporation ((PPL)) slipped 1.2% or 32 cents to $25.51 after the energy and utility holding company total operating revenue increased to $1.86 billion from $1.71 billion a prior year. Net income in the quarter increased to $355 million or 73 cents per diluted share compared to $153 million or 40 cents per share a year ago.

Ryder System, Inc. ((R)) fell 0.7% or 36 cents to $50.38 after the transport and supply chain company said fourth quarter total revenue rose 5% to $1.31 billion from $1.25 billion a prior year. Net earnings in the quarter increased to $37.1 million or 72 cents per diluted share compared to $8.2 million or 15 cents per share a year ago.