U.S. Movers: Buckeye Partners, Check Point, Fairchild, Hasbro, Supervalu

Mukesh Buch
14 Apr, 2011
New York City

Buckeye Partners priced public offering of 4.8 million. Check Point first quarter net income soared 25% to $122.1 million. Fairchild first quarter net income increased to $43.5 million. Hasbro first quarter net earnings declined to $17.2 million. Supervalu fourth quarter net income fell to $95 mn.

[R]11:05 AM New York – Buckeye Partners priced public offering of 4.8 million. Check Point first quarter net income soared 25% to $122.1 million. Fairchild first quarter net income increased to $43.5 million. Hasbro first quarter net earnings declined to $17.2 million. Supervalu fourth quarter net income fell to $95 million.[/R]

Of 30 the stocks in the Dow, 6 increased and 24 decreased.

Of the stocks in the Dow Jones Industrial Average, Alcoa Inc. led the gainers with a rise of 0.60% followed by increase in The Coca-Cola Company of 0.54%, in Pfizer Inc. of 0.20%, in Kraft Foods Inc. of 0.18%, in Johnson & Johnson of 0.17%.

JPMorgan Chase & Co. led the decliners with a fall of 1.97%, followed by decline in Microsoft Corporation of 1.95%, in Hewlett-Packard Company of 1.74%, in The Walt Disney Company of 1.69%, in Intel Corporation of 1.61%.

Other Movers

Buckeye Partners, L.P. ((BPL)) decreased 1.2% or 74 cents to $60.67 after the refined petroleum products pipeline systems maker priced public offering of 4.8 million limited partnership units representing limited partner interests at $59.41 per unit.

Check Point Software Technologies Ltd. ((CHKP)) increased 1.3% or 68 cents to $52.66 after the Israel based hardware and software maker reported first quarter revenue increased 15% to $281.3 million from $245.1 million in the same period last year. GAAP net income in the quarter soared 25% to $122.1 million or 57 cents per diluted share compared to $98.0 million or 46 cents per share in the year-ago quarter.

Fairchild Semiconductor International, Inc. ((FCS)) plunged 6.1% or $1.18 to $18.00 after the high performance power and mobile product maker said first quarter sales increased 9% to $413 million from $378 million last year. Net income in the quarter increased to $43.5 million or 33 cents per diluted share compared to $22.6 million or 18 cents per share a year earlier.

Hasbro, Inc. ((HAS)) fell 0.5% or 26 cents to $45.53 after the entertainment company reported first quarter total net revenue edged down to $672.0 million compared to $672.4 million in the same period last year. Net earnings in the quarter declined to $17.2 million or 12 cents per diluted share compared to $58.9 million or 40 cents per share a year ago.

J.B. Hunt Transport Services, Inc. ((JBHT) soared 5.9% or $2.67 to $47.27 after the holding company reported first quarter total net revenue increased 18% to $1.0 billion compared to $0.85 billion in the same period last year. Net income in the quarter increased 5% to $50.1 million or 40 cents per diluted share compared to $37.5 million or 29 cents per share a year ago.

Medtox Scientific, Inc. ((MTOX)) slipped 1.3% or 21 cents to $15.43 after the forensic and clinical laboratory service provider reported first quarter revenue increased 21.6% to $25.7 million from $21.2 million in the same period last year. Net income in the quarter soared eight-fold to $0.8 million or 9 cents per diluted share compared to $0.1 million or 1 cent per share in the year-ago quarter.

Prosperity Bancshares, Inc. ((PRSP)) gained 1.2% or 54 cents to $42.45 after the financial holding company said first quarter net interest income increased to $80.4 million from $77.8 million last year. Net income in the quarter increased 9.3% to $33.9 million or 72 cents per diluted share compared to $31.0 million or 66 cents per share a year earlier.

Pacific Continental Corporation ((PCBK)) fell 0.1% or 1 cent to $9.62 after the bank holding company reported first quarter total interest and dividend income edged down to $15.0 million from $16.2 million in the same period last year. Net income in the quarter surged 31% to $1.4 million or 8 cents per diluted share compared to $1.1 million or 6 cents per share in the year-ago quarter.

Supervalu Inc. ((SVU)) surged 12.8% or $1.17 to $10.25 after the grocery channel said fourth quarter net sales fell to $8.7 billion from $9.2 billion in the same quarter last year. Net income in the quarter of $95 million or 44 cents per diluted share compared to $97 million or 46 cents per share for the year-ago quarter.