U.S. Movers: ArthroCare, Atlas Air, Diebold, MGM Resorts

Mukesh Buch
14 Feb, 2011
New York City

Atlas Air fourth quarter net income increased 47% to $41.6 million. Diebold reported fourth quarter net loss in the quarter was $120 million. MGM Resorts net loss in the fourth quarter declined to $139 million.

[R]11:10 AM New York – Atlas Air fourth quarter net income increased 47% to $41.6 million. Diebold reported fourth quarter net loss in the quarter was $120 million. MGM Resorts net loss in the fourth quarter declined to $139 million.[/R]

Of 30 the stocks in the Dow, 10 increased and 19 decreased and 1 unchanged.

Of the stocks in the Dow Jones Industrial Average, Alcoa Inc. led the gainers with a rise of 1.15% followed by increase in General Electric Company of 1.12%, in Bank of America Corporation of 0.31%, in JPMorgan Chase & Co. of 0.28%, in Johnson & Johnson of 0.22%.

Verizon Communications Inc. led the decliners with a fall of 1.18%, followed by decline in Microsoft Corporation of 1.03%, in Wal-Mart Stores, Inc. of 0.95%, in AT&T Inc. of 0.84%, in E. I. du Pont de Nemours and Company of 0.62%.

Other Movers

ArthroCare Corporation ((ARTC)) soared 6.2% to $1.93 to $33.08 after the medical device maker reported fourth quarter total revenue increased to $92.63 million from $90.93 million a prior year. Net income in the quarter increased to $10.1 million or 30 cents per diluted share compared to $7.1 million or 21 cents per share in the prior year.

Administaff, Inc. ((ASF)) rose 0.7% or 23 cents to $29.9 after the professional employer company said fourth quarter revenue total revenue increased 10% to $791 million from $725 billion a prior year. Net income in the quarter was $7.79 million or 30 cents per diluted share compared to net loss of $2.81 million or 11 cents per share a year ago.

Atlas Air Worldwide Holdings, Inc. ((AAWW)) surged 8.4% or $4.75 to $61.20 after the holding company reported fourth quarter total revenue increased to $359.7 million from $321.5 million a prior year. Net income in the quarter increased 47% to $41.6 million or $1.58 per diluted share compared to $28.34 million or $1.17 per share in the prior year.

Revenue for the full year 2010 increased to $1.34 billion from $1.06 billion a year ago. For the full year, the company''s net income surged 82% to $141.8 million or $5.44 a diluted share compared to $77.78 million or $3.56 per share in the prior year

Diebold, Incorporated ((DBD)) soared 8.2% or $2.70 to $35.50 after the security system provider reported fourth quarter revenue total revenue increased 9% to $791 million from $725 million a prior year. Net loss in the quarter was $120 million or $1.83 per diluted share compared to net income of $0.01 million or $0.02 per share a year ago.

Revenue for the full year 2010 increased to $2.82 billion from $2.72 billion a year ago. For the full year, the company''s net loss was $20.2 million or 31 cents a diluted share compared to $26.02 million or 39 cents per share in the prior year.

MGM Resorts International ((MGM)) plunged 3.5% or $55 cents to $14.98 the resort amenities operator said fourth quarter revenue total revenue edged up to $1.46 billion from $1.45 billion a prior year. Net loss in the quarter declined to $139 million or 29 cents per diluted share compared to $434 million or 98 cents per share a year ago.

Revenue for the full year 2010 rose to $6.02 billion from $5.98 billion a year ago. For the full year, the company''s net loss was $1.44 billion or $3.19 per diluted share compared to $1.29 million or $3.41 per share in the prior year.

STEC, Inc. ((STEC)) declined 3.9% or 85 cents to $22.94 after the storage system make said fourth quarter total revenue decreased 11.4% to $93.9 million from $106.0 billion a prior year. Net income in the quarter fell to $17.49 million or 34 cents per diluted share compared to of $25.79 million or 50 cents per share a year ago.