U.S. Movers: ABB, Barrick Gold, Nvidia, NetApp, O'Reilly

Mukesh Buch
17 Feb, 2011
New York City

ABB fourth quarter net income surged 30% to $700 million. Cablevision fourth quarter net income soared to $113.8 million. Comcast net income in the quarter decreased to $955 million. Morningstar fourth quarter net income rose to $27.4 million.

[R]11:50 AM New York – ABB fourth quarter net income surged 30% to $700 million. Cablevision fourth quarter net income soared to $113.8 million. Comcast net income in the quarter decreased to $955 million. Morningstar fourth quarter net income rose to $27.4 million.[/R]

Of 30 the stocks in the Dow, 15 increased and 14 decreased and 1 unchanged.

Of the stocks in the Dow Jones Industrial Average, Microsoft Corporation led the gainers with a rise of 0.85% followed by increase in Cisco systems, Inc. of 0.83%, in 3M Company of 0.64%, in Intel Corporation of 0.64%, in The Coca-Cola Company of 0.39%.

American Express Company led the decliners with a fall of 1.81%, followed by decline in Pfizer Inc. of 1.19%, in Hewlett-Packard Company of 1.12%, in Alcoa Inc. of 0.81%, in United Technologies Corporation of 0.67%.

Other Movers

ABB Ltd ((ABB)) declined 1.4% or 35 cents to $23.72 after the Switzerland based power and automation technology reported fourth quarter total revenue rose 5% to $9.18 billion from $8.76 billion in the same quarter last year. Net income in the quarter surged 30% to $700 million or 31 cents per diluted share compared to $540 million or 24 cents per share for the year-ago quarter.

For the full year, net sales fell 1% to $31.59 billion from $31.79 billion. Net income decreased to $2.56 billion or $1.12 per share compared to $2.90 billion or $1.27 per share a year ago.

Alere Inc. ((ALR)) plunged 3.9% or $1.57 to $38.17 after the diagnostics and health solution provider said fourth quarter net revenue increased to $578.5 million from $546.2 million for the year-ago period. Net loss in the quarter soared to $1.0 billion or $12.24 per diluted share compared to $3.1 million or $0.04 per share from a year ago.

ALLETE, Inc. ((ALE)) rose 0.6% or 24 cents to $37.59 after the energy company reported fourth quarter operating revenue increased to $238.1 million from $216.0 million for the year ago period. Net income in the quarter fell to $13.3 million or 38 cents per diluted share compared to $18.7 million or 56 cents per share from a year ago.

Arbitron Inc. ((ARB)) rose 0.5% or 22 cents to $43.81 after the media and marketing company said fourth quarter revenue increased 10% to $111.6 million from $101.5 million for the year ago period. Net income in the quarter increased 23.8% to $15.6 million or 57 cents per diluted share compared to $12.6 million or 47 cents per share from a year ago.

Barrick Gold Corporation ((ABX)) gained 1.3% or 68 cents to $50.40 after the Canada based gold, copper producer reported fourth quarter sales increased to $2.95 billion from $2.36 billion in the same quarter last year. Net income in the quarter surged to $896 million or 90 cents per diluted share compared to $215 million or 21 cents per share for the year-ago quarter.

For the full year, net sales soared to $10.92 billion from $8.14 billion. Net income was $3.27 billion or $3.28 per share compared to net loss of $4.27 billion or $4.73 per share a year ago.

Corn Products International, Inc. ((CPO)) increased 1% or 52 cents to $49.12 after the ingredients maker said fourth quarter net sales soared 47% to $1.41 billion compared to $0.96 billion from a year ago. Net income in the quarter fell 8% to $52.0 million or 67 cents per diluted share compared to $56.3 million or 74 cents per share for the year-ago quarter.

For the full year, net sales increased 19% to $4.37 billion from $3.67 billion. Net income surged 312% $169.2 million or $2.20 per share compared to $41.1 million or $0.54 per share from a year ago.

CBS Corporation ((CBS)) slumped 1.5% or 34 cents to $21.76 after the mass media company reported fourth quarter revenues grew 11% to $3.90 billion from $3.50 billion for the year-ago period. Net earnings in the quarter soared 381% to $283.0 million or 41 cents per diluted share compared to $58.8 million or 9 cents per share in the prior-year quarter.

Revenues for the full year grew 8% to $14.06 billion from $13.01 billion in the fiscal year 2009. For the full year, net income rose 220% to $724.2 million or $1.04 per share from $226.5 million or $0.33 per share in the fiscal year 2009.

Cablevision Systems Corporation ((CVC)) gained 3.1% or $1.14 to $37.95 after the cable operator reported fourth quarter revenues rose 5.7% to $1.87 billion from $1.77 billion for the year-ago period. Net income in the quarter soared to $113.8 million or 38 cents per diluted share compared to $78.4 million or 26 cents per share from a year ago.

Revenues for the full year increased 5.6% to $7.23 billion from $6.85 billion in the fiscal year 2009. For the full year, net income rose to $360.9 million or $1.20 per share from $285.5 million or $0.96 per share in the fiscal year 2009.

Cliffs Natural Resources Inc. ((CLF)) soared 8.1% or $7.53 to $100.41 after the mining and natural resources company said fourth quarter revenues soared 74% to $1.42 billion from $820.5 million in the same quarter of last year. Net income in the quarter surged 255% to $384 million or $2.82 per diluted share compared to $108.2 million or 82 cents per share from a year ago.

For the full year, revenues rose 100% to $4.68 billion from $2.34 billion. Net income soared 388% to $1.0 billion or $7.49 per share from $205 million or $1.63 per share the prior year.

Comcast Corporation ((CMCSK)) fell 0.04% or 0.01 to $23.73 after the cable service provider reported fourth quarter revenues increased 7.2% to $9.72 billion from $9.07 billion in the same quarter of last year. Net income in the quarter decreased to $955 million or 33 cents per diluted share compared to $1,018 million or 36 cents per share a year ago.

For the full year, revenues rose 6.1% to $37.9 billion from $35.76 billion. Net income was flat to $3.64 billion or $1.26 per share from $3.63 million or $1.29 per share from a year ago.

Express Scripts, Inc. ((ESRX)) fell 0.6% or 38 cents to $57.04 after the healthcare services company said fourth quarter revenues climbed 38% to $11.29 billion from $8.19 billion in the comparable quarter of last year. Net income in the quarter soared 48% to $329.6 million or 62 cents per diluted share compared to net income of $223.3 million or 41 cents per share in the year-ago quarter.

For the full year, revenues surged 82% to $44.97 billion from $24.72 billion a year ago. Net income increased 43% to $1.18 billion or $2.19 per share from $827.6 million or $1.57 per share the previous year.

FirstEnergy Corp. ((FE)) fell 0.4% or 19 cents to $38.23 after the electric utility stated fourth quarter revenue rose 9% to $3.22 billion from $2.96 billion in the prior-year period. Net income in the quarter declined 22.2% to $185 million or 61 cents per diluted share compared to net income of $238 million or 78 cents per share in the year-ago period.

Total revenues for the year rose 3% to $13.34 billion from $12.97 billion last year. For fiscal year 2010, net income declined 22.4% to $784 million or $2.57 per share from $1.01 billion or $3.29 per share in the prior year.

Jarden Corporation ((JAH)) soared 5.7% or $1.96 to $36.31 after the consumer products company reported fourth quarter net sales increased 21% to $1.7 billion from $1.4 billion in the same quarter of last year. Net income in the quarter surged to $46.7 million or 52 cents per diluted share compared to $1.2 million or 1 cent per share a year ago.

Net sales for the year rose 17% to $6.0 billion from $5.1 billion last year. For fiscal year 2010, net income declined to $106.7 million or $1.19 per share from $128.7 million or $1.52 per share in the prior year.

Lenovo Group Limited ((LNVGY.PK)) gained 3.4% or 42 cents to $12.55 after the personal computers maker reported third quarter consolidated sales climbed 22% to $5.81 billion from $4.76 billion in the prior year quarter. Net profit in the quarter grew 25% to $100 million or 98 cents per diluted share compared to net profit of $80 million or79 cents per share last year, mainly reflecting strong PC shipment growth across all geographies and product lines.

Morningstar, Inc. ((MORN)) increased 1% or 56 cents to $56.14 after the financial data company reported fourth quarter net sales increased 23.2% to $151.2 million from $122.6 million in the same quarter of last year. Net income in the quarter surged to $27. 4 million or 54 cents per diluted share compared to $14.8 million or 29 cents per share a year ago.

Net sales for the year rose 15.9% to $555.4 million from $479.0 million last year. In 2010, net income rose to $86.4 million or $1.70 per share from $82.1 million or $1.65 per share in the prior year.

NetApp Inc. ((NTAP)) tumbled 9.3% or $5.45 to $53.09 after the data storage device company reported third quarter net revenues increased 26% to $1.27 billion from $1.01 billion last year. Net income in the quarter increased 60% to $172.5 million or 42 cents per diluted share compared to net income of $107.9 million or 30 cents per share in the previous year.

Newfield Exploration Company ((NFX)) slumped 5.3%or $3.80 to $67.77 after the oil and gas exploration company reported fourth quarter revenue increased to $528 million from $414 million in the same quarter of last year. Net income in the quarter plunged to $22 million or 17 cents per diluted share compared to $113 million or 86 cents per share a year ago.

Net sales for the year rose to $1.88 billion from $1.34 billion last year. For fiscal year 2010, net income in the year was $523 million or $3.91 per share compared to net loss of $542 million or $4.18 per share in the prior year.

Nvidia Corporation ((NVDA)) advanced 4.3% or $1.01 to $24.39 after the graphics chip maker said fourth quarter revenue fell 10% to $886.38 million from $982.49 million in the same quarter last year. Net income in the quarter rose 31% to $171.7 million or 29 cents per diluted share compared to net income of $131.1 million or 23 cents per share for the year-ago quarter.

Revenue for the fiscal year 2011 rose 6.3% to $3.54 billion from $3.33 billion the prior year. For the fiscal year 2011, the company reported net income of $253.1 million or $0.43 per share compared to a net loss of $68.0 million or $0.12 per share for the fiscal year 2010.

Oceaneering International, Inc. ((OII)) fell 0.6% or 52 cents to $80.63 after the oilfield engineered services provider reported fourth quarter revenue increased to $501.3 million from $452.3 million in the comparable period. Net income in the quarter rose to $47.8 million or 88 cents per share compared to $46.1 million or 83 cents per share last year.

Revenue for the fiscal year 2011 rose to $1.92 billion from $1.82 billion the prior year. For the fiscal year 2011, the company reported net income of $200.5 million or $3.65 per share compared to $188.3 million or $3.40 per share for the fiscal year 2009.

O''Reilly Automotive, Inc. ((ORLY)) slipped 3.4% or $1.99 to $56.29 after the auto parts retailer said fourth quarter sales rose 12% to $1.31 billion from $1.17 billion in the same quarter last year. Net income in the quarter surged 47% to $105.8 million or 74 cents per diluted share compared to $71.9 million or 52 cents per share for the year-ago quarter.

Sales for the full year 2010 increased 11% to $5.40 billion from $4.85 billion the prior year. For the full year 2010, net income increased 36.4% to $419.4 million or $2.95 per share compared to $307.5 million or $2.23 per share for the full year 2009.

Sun Life Financial Inc ((SLF)) plunged 3.1% or $1.07 to $33.35 after the financial services provider reported fourth quarter revenue fell to $3.46 billion from $3.48 billion in the comparable period. Net income in the quarter rose to $508 million or 88 cents per share compared to $296 million or 52 cents per share last year.

Revenue for the fiscal year 2011 declined to $13.50 billion from $15.51 billion the prior year. For the fiscal year 2011, the company reported net income of $1,583 million or $2.76 per share compared to $534 million or $0.94 per share for the fiscal year 2009.

Synopsys, Inc. ((SNPS)) decreased 1.7% or 50 cents to $28.52 after the technology solution provider said first quarter revenue rose 10.4% to $364.6 million from $330.2 million in the same quarter last year. Net income in the quarter declined to $48.23 million or 31 cents per diluted share compared to $132.79 million or 88 cents per share for the year-ago quarter.

The J. M. Smucker Company ((SJM)) gained 3.2% or $2.10 to $66.05 after the manufacturer and marketer of branded food products reported third quarter net sales increased 9% to $1.31 billion from $1.205 billion in the comparable period. Net income in the quarter declined 3% to $132.0 million or $1.11 per share compared to net income of $135.48 million or $1.14 per share last year.

Waste Management, Inc. ((WM)) rose 0.03% or 1 cent to $38.00 after the provider of integrated waste services stated fourth quarter operating revenues grew 6% to $3.19 billion from $3.01 billion in the comparable period a year ago. Net income in the quarter fell 11% to $281 million or 59 cents per diluted share compared to net income of $315 million or 64 cents per share last year.