U.S. Movers: Agilent, FedEx, Froward Air, Qwest, Walter Energy

Mukesh Buch
15 Feb, 2011
New York City

Agilent first quarter net income surged 144% to $193 million. FedEx lowered earnings guidance. HCP fourth quarter net income increased to $136.2 million. Qwest Communications swings to a net loss of $161 million. Sirius reported fourth quarter net loss.

[R]10:30 AM New York � Agilent first quarter net income surged 144% to $193 million. FedEx lowered earnings guidance. HCP fourth quarter net income increased to $136.2 million. Qwest Communications swings to a net loss of $161 million. Sirius reported fourth quarter net loss.[/R]

Of 30 the stocks in the Dow, 4 increased and 26 decreased.

Of the 30 stocks in the Dow Jones Industrial Average, JPMorgan Chase & Co. led the gainers with a rise of 0.84% followed by increase in The Travelers Companies, Inc. of 0.73%, in The Walt Disney Company of 0.72%, in American Express Company of 0.46%.

Exxon Mobil Corporation led the decliners with a fall of 2.02%, followed by decline in Intel Corporation of 1.27%, in AT&T Inc. of 1.05%, in The Boeing Company of 1.04%, in Chevron Corporation of 1.02%.

Other Movers

Agilent Technologies Inc. ((A)) declined 2.6% or $1.19 to $43.60 after the scientific instruments maker said first quarter revenues rose 25% to $1.52 billion from $1.21 billion in the same quarter last year. Net income in the quarter surged 144% to $193 million or 54 cents per diluted share compared to net income of $79 million or 22 cents per share for the year-ago quarter.

Advanced Energy Industries, Inc ((AEIS)) tumbled 7.3% or $1.15 to $14.64 after the industrial power conversion product maker reported fourth quarter sales 43.6% to $148.6 million from $58.08 million a year ago. Net income in the quarter rose to $31.4 million or 45 cents per diluted share compared to $1.5 million or 4 cents per share last year.

Barclays PLC soared 5.9% or $1.18 to $21.14 after the global financial services provider reported fiscal year ended total income net of insurance claimed increased 8% to �31.44 billion from �29.12 billion from a year ago. Net income soared 22% to �25.77 billion compared to �21.05 billion. Basic earnings per share were �30.4 compared to �24.1 from a year ago.

Encore Capital Group, Inc. ((ECPG)) surged 6.5% or $1.55 to $25.15 after the charged-off consumer receivable portfolio manager reported fourth quarter total revenue increased to $99.77 million from $81.55 million a prior year. Net income in the quarter increased to $14.17 million or 56 cents per diluted share compared to $8.40 million or 34 cents per share in the prior year.

FedEx Corporation ((FDX)) increased 2.1% or $2.00 to $96.01 after the parcel delivery company lowered its earnings guidance for the third quarter due to loss of revenue and increased expenses on severe winter storms and higher-than-expected fuel prices.

The company currently estimates adjusted earnings, excluding FedEx Freight combination costs, in the range of $0.70 to $0.90 per share for the third quarter compared to the previous guidance of $0.95 to $1.15 per share.

FMC Technologies, Inc. ((FTI)) declined 3.6% or $3.35 to $88.31 after the technology solutions provider for the energy industry reported fourth quarter revenues edged down 5.2% to $1.1 billion from $1.16 billion a year ago. Net income in the quarter rose 6.5% to $99.3 million or 82 cents per diluted share compared to net income of $93.2 million or 75 cents per share last year.

For the full year, revenues dropped to $4.16 billion from $4.40 billion last year. Net income for the year grew to $375.5 million or $3.06 per share from $361.8 million or $2.88 per share a year ago.

Forward Air Corporation ((FWRD)) surged 6.3% or $1.82 to $30.59 after the surface transportation company said fourth quarter revenues rose 13% to $133.3 million from $118.0 million in the same period last year. Net income in the quarter soared to $11.82 million or 41 cents per diluted share compared to $6.28 million or 22 cents per share in the prior-year period.

HCP, Inc. ((HCP)) rose 0.2% or 10 cents to $37.32 after the real estate investment company reported fourth quarter total revenue increased to $341.4 million from $294.5 million a prior year. Net income in the quarter increased to $136.2 million or 42 cents per diluted share compared to $26.40 million or 9 cents per share in the prior year.

Revenue for the full year 2010 increased to $1.25 billion from $1.15 billion a year ago. For the full year, the company''s net income surged to $307.5 million or $1.00 per diluted share compared to $109.07 million or $0.40 per share in the prior year

Insight Enterprises, Inc. ((NSIT)) surged 21.4% or $3.13 to $17.74 after the hardware, software and services provider reported fourth quarter net sales increased 14% to $1.34 billion from $1.18 billion a prior year. Net earnings in the quarter rose to $24.97 million or 53 cents per diluted share compared to $17.40 million or 37 cents per share a year ago.

Revenue for the full year 2010 increased 16% to $4.81 billion from $4.14 billion a year ago. For the full year, the company''s net earnings gained to $75.48 million or $1.61 per diluted share compared to $33.57 million or $0.73 per share in the prior year.

Marriott International, Inc. ((MAR)) gained 3.4% or $1.37 to $42.37 after the hotels operator and franchisor reported fourth quarter total revenues increased 8% to $3.64 billion from $3.38 billion last year. Net income in the quarter increased 63% to $173 million or 46 cents per diluted share compared to net income of $106 million or 28 cents per share in the previous year.

For the full year 2010, total revenues increased to $11.69 billion from last year. Net income for the period was $458 million or $1.21 per share, compared to a loss in the previous year.

Mercer International Inc. ((MERC)) advanced 6.6% or 79 cents to $12.75 after the Canada based craft pulp producer said fourth quarter total revenue increased to $245.6 million from $165.1 million a prior year. Net income in the quarter increased to $35.3 million or 63 cents per diluted share compared to $2.75 million or 7 cents per share in the prior year.

Revenues for the year were surged to $900.5 million from $619.8 million a year ago. For fiscal year 2010, net income in the year was to $86.28 million or $1.56 per share compared to net loss of $62.19 million or $1.71 per share in the previous year.

Pre-Paid Legal Services, Inc ((PPD)) rose 0.08% or 5 cents to $66.35 after the underwriter company reported fourth quarter total revenue increased to $111.5 million from $119.0 million a prior year. Net income in the quarter surged 43% to $16.3 million or $1.66 per diluted share compared to $11.4 million or $1.08 per share a year ago.

Qwest Communications International Inc. ((Q)) decreased 1.2% or 9 cents to $7.32 after the provider of data, Internet, video and voice services reported fourth quarter operating revenue slipped 3.2% to $2.90 billion from $2.99 billion in the comparable period. Net loss in the quarter was $161 million or 9 cents per diluted share versus a profit of $108 million or 6 cents per share last year.

Sirius XM Radio Inc. ((SIRI)) plunged 5.4% or 10 cents to $1.72 after the broadcasting company reported fourth quarter total revenues increased to $735.9 million from $676.2 million last year. Net loss in the quarter was $81.44 million or 2 cents per diluted share compared to net income of $11.78 million or break even per share in the previous year.

For the full year 2010, total revenues increased 14% to $2.82 billion compared $2.47 last year. Net income for the period was $43.05 million or 1 cent per share, compared to a loss of $538.2 or 15 cents per share in the previous year.

Walter Energy, Inc. ((WLT)) fell 0.5% or 72 cents to $126.31 after the coal producer reported fourth quarter revenues rose 70% to $400.80 million from $236.27 million in the same period last year. Net income in the quarter soared 215% to $91.87 million or $1.72 per diluted share compared to net income of $29.18 million or 54 cents per share in the prior-year period.

Revenues for the year were $1.59 billion, up from $966.83 million a year ago. For fiscal year 2010, net income surged to $385.80 million or $7.18 per share from $137.16 million or $2.55 per share in the previous year.