U.S. Movers: Apple, Biogen, Capital One, McDonald

Mukesh Buch
21 Apr, 2011
New York City

Apple second quarter net income surged 95% to $5.99 billion. American Express first quarter net income rose 33% to $1.16 billion. BlackRock first quarter net income surged 34% to $568 million. General Electric first quarter net earnings surged 77% to $3.43 billion.

[R]11:00 AM New York – Apple second quarter net income surged 95% to $5.99 billion. American Express first quarter net income rose 33% to $1.16 billion. BlackRock first quarter net income surged 34% to $568 million. General Electric first quarter net earnings surged 77% to $3.43 billion.[/R]

Of 30 the stocks in the Dow, 16 increased and 13 decreased and 1 unchanged.

Of the stocks in the Dow Jones Industrial Average, The Travelers Companies, Inc. led the gainers with a rise of 3.08% followed by increase in AT&T Inc. of 1.66%, in Alcoa Inc. of 0.66%, in The Walt Disney Company of 0.57%, in International Business Machines Corporation of 0.48%.

General Electric Company led the decliners with a fall of 2.45%, followed by decline in Verizon Communications Inc. of 2.36%, in American Express Company of 2.15%, in McDonald’s Corporation of 2.03%, in Intel Corporation of 0.89%.

Other Movers

Air Products and Chemicals, Inc. ((APD)) fell 0.4% or 42 cents to $93.29 after the gas and energy services provider reported second quarter revenue surged 11% to $2.50 billion from $2.25 billion last year. Net income in the quarter soared 21% to $304.3 million or $1.39 per diluted share compared to $252.0 million or $1.16 per share a year earlier.

Apple Inc. ((AAPL)) gained 2% or $6.98 to $349.39 after the technology gadgets maker reported second quarter net sales rose 83% to $24.67 billion from $13.50 billion in the prior-year quarter. Net income in the quarter surged 95% to $5.987 billion or $6.40 per diluted share compared to net income of $3.074 billion or $3.33 per share in the same quarter last year.

American Express Company ((AXP)) decreased 1.1% or 54 cents to $46.46 after the bank holding company reported first quarter revenue, net of interest expense, grew 7% to $7.03 billion from $6.56 billion in the year-ago period. Net income in the quarter rose 33.3% to $1.16 billion or 97 cents per diluted share compared to net income of $0.87 billion or 73 cents per share in the year-ago quarter.

Amgen, Inc. ((AMGN)) slumped 2.8% or $1.59 to $54.59 after the independent biotechnology medicines company said first quarter total revenue increased 3% to $3.706 billion from $3.592 billion in the same quarter of 2010. Net income in the quarter dropped 3% to $1.13 billion or $1.20 per share compared to net income of $1.17 billion or $1.18 per share in the prior-year quarter.

BB&T Corporation ((BBT)) declined 3.6% or 98 cents to 25.61 after the financial holding company reported first quarter total revenues declined to $2.03 billion from $2.19 billion in the same period last year. Net income in the quarter surged 19.7% to $225 million or 32 cents per diluted share compared to $188 million or 27 cents per share in the year-ago quarter.

Biogen Idec Inc. ((BIIB)) surged 21.7% or $18.83 to $105.40 after the biotechnology company first quarter revenues increased 9% to $1.20 billion compared to $1.11 billion in the same period last year. Net income in the quarter increased to $294.3 million or $1.20 per diluted share compared to $217.4 million or $0.80 per share a year ago.

BlackRock, Inc. ((BLK)) rose 0.7% or $1.54 to $195.26 after the investment management company reported first quarter revenue soared 14% to $2.28 billion from $1.99 billion in the same period last year. Net income in the quarter surged 34% to $568 million or $2.89 per diluted share compared to $423 million or $2.17 per share in the year-ago quarter.

Canadian Pacific Railway Limited ((CP)) fell 0.1% or 8 cents to $62.94 after the Canada based holding company said first quarter revenues flat to $1.16 billion compared to $1.17 billion in the same period last year. Net income in the quarter declined to $33.7 million or 20 cents per diluted share compared to $101.0 million or 60 cents per share a year ago.

Capital One Financial Corporation ((COF)) soared 4.8% or $2.43 to $52.96 after the diversified financial services company reported first quarter total revenues fell to $4.08 billion from $4.29 billion in the same period last year. Net income in the quarter surged to $1,016 million or $2.21 per diluted share compared to $636 million or $1.40 per share in the year-ago quarter.

Danaher Corporation ((DHR)) fell 0.9% or 53 cents to $53.03 after the medical, industrial and commercial product maker reported first quarter sales rose to $3.34 billion compared to $3.01 billion in the same period last year. Net earnings in the quarter increased to $429.3 million or 63 cents per diluted share compared to $300.2 million or 45 cents per share a year ago.

General Electric Company ((GE)) fell 1.8% or 37 cents to $20.03 after the diversified technology, media and financial services company stated first quarter total revenues improved 6.2% to $38.45 billion from $36.20 billion in the comparable period a year earlier. Net earnings in the quarter surged 77% to $3.43 billion, or 31 cents per diluted share compared to net earnings of $1.95 billion, or 17 cents per share a year earlier.

Goodrich Corporation ((GR)) fell 0.1% or 15 cents to $87.40 after the aerospace components supplier reported first quarter sales grew 12% to $1.9 billion compared to $1.7 billion in the same period last year. Net income in the quarter soared to $194.8 million or $1.52 per diluted share compared to $111.2 million or $0.87 per share a year ago.

Gilead Sciences, Inc. ((GILD)) slipped 2.6% or $1.09 to $39.69 after the biopharmaceutical company reported first quarter total revenues declined 8% to $1.93 billion from $2.09 billion in the same period last year. Net income in the quarter tumbled to $651.1 million or 80 cents per diluted share compared to $854.9 million or 92 cents per share in the year-ago quarter.

Ingersoll-Rand plc ((IR)) gained 3.1% or $1.52 to $50.35 after the Ireland based diversified company reported first quarter revenues increased 13% to $3.1 billion from $2.7 billion in the same period last year. Net loss in the quarter of $77.6 million or 22 cents per diluted share compared to net earnings of $1.4 million or break even per share in the year-ago quarter.

McDonald’s Corporation ((MCD)) decreased 2% or $1.64 to $76.76 after the restaurant operator first quarter revenues increased 9% to $6.11 billion compared to $5.61 billion in the same period last year. Net income in the quarter increased 11% to $1.21 billion or $1.15 per diluted share compared to $1.01 million or $1.00 per share a year ago.

Morgan Stanley ((MS)) gained 3.3% or 86 cents to $26.90 after the financial service provider first quarter revenues declined 16% to $7.6 billion compared to $9.1 billion in the same period last year. Net earnings in the quarter plunged 48% to $736 million or 50 cents per diluted share compared to $1,411 million or 99 cents per share a year ago.

Philip Morris International Inc. ((PM)) advanced 2% or $1.38 to $67.85 after the tobacco product maker reported first quarter net revenues grew 6% to $16.53 billion from $15.59 billion in the same period last year. Net earnings in the quarter surged 12.7% to $1.92 billion or $1.06 per diluted share compared to $1.70 billion or $0.90 per share in the year-ago quarter.

Qualcomm Inc ((QCOM)) gained 2.6% or $1.47 to $56.74 after the digital wireless telecommunications product maker reported second quarter revenue surged 46% to $3.88 billion from $2.66 billion last year. Net income in the quarter soared 29% to $999 million or 59 cents per diluted share compared to $774 million or 46 cents per share a year earlier.

St. Jude Medical, Inc. ((STJ)) decreased 1.1% or 60 cents to $52.51 after the medical devices maker reported first quarter net sales increased 9% to $1.38 billion compared to $1.26 billion in the same period last year. Net earnings in the quarter fell to $233 million or 71 cents per diluted share compared to $239 million or 73 cents per share a year ago.

Union Pacific Corporation ((UNP)) rose 0.2% or 24 cents to $96.31 after the transport company reported first quarter total revenues grew 13% to $4.49 billion from $3.97 billion in the same period last year. Net income in the quarter surged 24% to $639 million or $1.29 per diluted share compared to $516 million or $1.01 per share in the year-ago quarter.

Walter Energy, Inc. ((WLT)) decreased 1.8% or $2.46 to $128.69 after the metallurgical coal producer said first quarter revenues surged to $408.7 million compared to $312.0 billion in the same period last year. Net income in the quarter increased to $81.8 million or $1.53 per diluted share compared to $41.5 million or $0.77 per share a year ago.

YUM! Brands, Inc. ((YUM)) surged 5.2% or $2.70 to $54.25 after the restaurant company reported first quarter net sales rose 3% to $2.43 billion compared to $2.35 billion in the same period last year. Net income in the quarter increased 10% to $264 million or 54 cents per diluted share compared to $241 million or 50 cents per share a year ago.