U.S. Movers: Coca-Cola, Sygenta, Walt Disney, XL Group

Mukesh Buch
09 Feb, 2011
New York City

Ingersoll-Rand fourth quarter revenue gained 13% and net earnings rose to $212.1 million. Coca-Cola net revenue rose 40% and net income surged 274% to $5.77 billion. Walt Disney first quarter revenue increased 10% to $10.7 billion and net income soared 54% to $1,302 million.

[R]10:30 AM New York – Ingersoll-Rand fourth quarter revenue gained 13% and net earnings rose to $212.1 million. Coca-Cola net revenue rose 40% and net income surged 274% to $5.77 billion. Walt Disney first quarter revenue increased 10% to $10.7 billion and net income soared 54% to $1,302 million.[/R]

Of 30 the stocks in the Dow, 7 increased and 23 decreased.

Of the stocks in the Dow Jones Industrial Average, The Walt Disney Company led the gainers with a rise of 4.40% followed by increase in The Coca-Cola Company of 2.51%, in 3M Company of 0.53%, in Hewlett-Packard Company of 0.37%, in McDonald’s Corporation of 0.27%.

Alcoa Inc. led the decliners with a fall of 0.92%, followed by decline in Bank of America Corporation of 0.82%, in Intel Corporation of 0.81%, in Pfizer Inc. of 0.70%, in JPMorgan Chase & Co. of 0.69%.

Other Movers

Computer Sciences Corporation ((CSC)) tumbled 11.2% or $6.37 to $50.16 after the information technology company said third quarter revenue increased to $4.1 billion from $3.9 billion a prior year. Net income in the quarter increased to $242 million or $1.54 per diluted share compared to $211 million or $1.36 per share a year ago.

Cerner Corporation ((CERN)) decreased 1.7% or $1.79 to $98.84 after the healthcare information technology provider reported fourth quarter total revenue increased to $500.2 million from $466.3 million a prior year. Net earnings in the quarter rose to $70.6 million or 82 cents per diluted share compared to $60.5 million or 71 cents per share a year ago.

DTE Energy Company ((DTE)) rose 0.5% or 25 cents to $46.70 after the gas energy company said fourth quarter revenue increased to $2.17 billion from $2.12 billion a prior year. Net income in the quarter increased to $152 million or 90 cents per diluted share compared to $120 million or 72 cents per share a year ago.

Revenue for the full year 2010 increased to $8.56 billion from $8.01 billion a year ago. For the full year, the company''s net income rose to $630 million or $3.74 per diluted share from $532 million or $3.24 per share in the prior year.

Ingersoll-Rand plc ((IR)) declined 4.4% or $2.17 to $46.86 after the Ireland based diversified company reported fourth quarter revenue soared 13% to $3.71 billion from $3.28 billion a prior year. Net earnings in the quarter increased to $212.1 million or 62 cents per diluted share compared to $139.4 million or 42 cents per share a year ago.

Revenue for the full year 2010 increased 7% to $14.08 billion from $13.10 billion a year ago. For the full year, the company''s net income rose to $642.2 million or $1.89 per diluted share from $451.3 million or $1.37 per share in the prior year.

IntercontinentalExchange, Inc. ((ICE)) gained 2.4% or $2.93 to $121.02 after the futures exchange operator said fourth quarter revenue rose 11% to $285 million from $257 million a prior year. Net income in the quarter increased 18% to $99 million or $1.34 per diluted share compared to $84 million or $1.13 per share a year ago.

Illumina, Inc. ((ILMN)) plunged 3.2% or $2.26 to $67.99 after the integrated system maker said fourth quarter fourth quarter revenue increased 45% to $261.3 million from $180.6 million a prior year. Net income in the quarter increased to $38.4 million or 25 cents per diluted share compared to $11.7 million or 9 cents per share a year ago.

McAfee, Inc. ((MFE)) fell 0.02% or 1 cent to $47.91 after the security technology company reported fourth quarter revenue increased to $549.56 million from $525.67 million a prior year. Net income in the quarter increased to $60.6 million or 38 cents per diluted share compared to $54.5 million or 34 cents per share a year ago.

Polo Ralph Lauren Corporation ((RL)) surged 9.2% or $10.72 to $126.38 after the apparel maker said third quarter revenue soared 24% to $1.5 billion from $1.2 billion a prior year. Comparable store sales in the quarter rose 15%. Net income in the quarter increased to $168.4 million or $1.72 per diluted share compared to $111.1 million or $1.10 per share a year ago.

Patni Computer Systems Limited ((PTI)) fell 0.3% or 6 cents to $20.25 after the information technology provider reported fourth quarter revenue increased 7.6% to $183 million from $172.2 million a prior year. Net income in the quarter decreased 2.7% to $39.4 million or 29 cents per diluted share compared to $40.5 million or 31 cents per share a year ago.

Syngenta AG ((SYT)) gained 3.8% or $2.47 to $66.78 after the crop protection company reported after for the year ended net sales rose 6% to $11.64 billion from $11.99 billion a prior year. Net income for the year decreased 1% to $1.40 billion or $16.44 per diluted share compared to $1.41 billion or $16.15 per diluted share a year ago.

The Coca-Cola Company ((KO)) increased 1.8% or $1.17 to $64.04 and the nonalcoholic beverage maker reported fourth quarter net revenue rose 40% to $10.5 billion from $7.5 billion a prior year. Net income in the quarter increased 274% to $5.77 billion or $2.46 per diluted share compared to $1.54 billion or $0.66 per share a year ago.

Revenue for the full year 2010 increased 13% to $35.12 billion from $30.99 billion a year ago. For the full year, the company''s net income rose 73% to $11.81 billion or $5.06 per diluted share from $6.82 billion or $2.93 per share in the prior year.

The Walt Disney Company ((DIS)) soared 4.5% or $1.88 to $43.06 after the entertainment company reported first quarter revenue increased 10% to $10.71 billion from $9.74 billion a prior year. Net income in the quarter surged 54% to $1,302 million or 68 cents per diluted share compared to $844 million or 44 cents per share a year ago.

XL Group plc ((XL)) slumped 1.8% or 43 cents to $23.26 after the insurance company said fourth quarter revenue increased to $1.59 billion from $1.45 billion a prior year. Net income in the quarter was $188.12 million or 74 cents per diluted share compared to net loss of $40.32 million or 63 cents per share a year ago.