U.S. Movers: Baxter, Honeywell, Kimberly-Clark, T. Rowe, Verizon, Xerox

Mukesh Buch
25 Apr, 2011
New York City

Advanced Micro Devices first quarter net income doubled. E. I. du Pont first quarter net income soared 27% to $1.43 billion. Kimberly-Clark first quarter net income declined 9%. Verizon first quarter net income soared 41% to $3.26 billion.

[R]10:30 AM New York – Advanced Micro Devices first quarter net income doubled. E. I. du Pont first quarter net income soared 27% to $1.43 billion. Kimberly-Clark first quarter net income declined 9%. Verizon first quarter net income soared 41% to $3.26 billion.[/R]

Of 30 the stocks in the Dow, 8 increased and 20 decreased and 2 unchanged.

Of the stocks in the Dow Jones Industrial Average, Bank of America led the gainers with a rise of 1.06% followed by increase in Pfizer Inc. of 0.76%, in General Electric Company of 0.40%, in Verizon Communications Inc. of 0.26%, in Intel Corporation of 0.14%.

The Procter & Gamble Company led the decliners with a fall of 0.68%, followed by decline in The Home Depot, Inc. of 0.61%, in Johnson & Johnson of 0.53%, in Chevron Corporation of 0.43%, in E. I. du Pont de Nemours and Company of 0.38%.

Other Movers

Advanced Micro Devices, Inc ((AMD)) decreased 1.3% or 12 cents to $8.59 after the chip maker reported first quarter revenue grew 2.5% to $1.61 billion from $1.57 billion in the same period last year. Net income in the quarter surged 98.4% to $510 million or 68 cents per diluted share compared to $257 million or 35 cents per share in the year-ago quarter.

American Electric Power Company, Inc. ((AEP)) fell 0.08% or 3 cents to $35.46 after the holding company reported first quarter revenue rose to $3.7 billion from $3.6 billion in the year-ago period. Net income in the quarter increased to $353 million or 73 cents per diluted share compared to $344 million or 72 cents per share in the year-ago quarter.

BE Aerospace, Inc. ((BEAV)) fell 0.8% or 31 cents to $36.95 after a manufacturer of aerospace and defense products reported first quarter revenue rose 29.5% to $600.2 million from $463.5 million in the prior-year period. Net earnings in the quarter increased 48.8% to $50.3 million or 49 cents per diluted share compared to $33.8 million or 34 cents per share last year.

Baxter International Inc. ((BAX)) slipped 0.4% or 25 cents to $56.34 after the healthcare company reported first quarter sales soared 12% to $3.3 billion compared to $2.9 billion in the same period last year. Net income in the quarter increased to $570 million or 98 cents per diluted share compared to net loss of $63 million or 11 cents per share a year ago.

Changyou.com Limited ((CYOU)) gained 4.1% or $1.65 to $41.43 after the online game developer and operator said first quarter total revenues increased 35% to $97.1 million from $72.1 million in the comparable period. Net income in the quarter grew 33% to $52.85 million from $39.71 million last year. Earnings per ADS were $0.99, higher than $0.75 in the first quarter of 2010.

Cooper Industries plc ((CBE)) slumped 1.7% or $1.18 to $65.20 after the electrical products maker reported first quarter revenue edged up to $1.28 billion from $1.23 billion in the prior-year period. Net income in the quarter increased to $346.1 million or $2.07 per diluted share compared to $118.6 million or $0.70 per share last year.

C. R. Bard, Inc. ((BCR)) plunged 1.6% or $1.74 to $102.69 after the patient care devices maker reported first quarter net sales increased 8% to $700.3 million compared to $650.8 million in the same period last year. Net income in the quarter increased 9% to $131.9 million or $1.49 per diluted share compared to $121.2 million or $1.24 per share a year ago.

Diamond Offshore Drilling, Inc. ((DO)) rose 0.5% or 43 cents to $78.43 after the oil and gas drilling contractor reported first quarter total revenues declined to $806.4 million from $859.7 million in the same period last year. Net income in the quarter tumbled to $250.6 million or $1.80 per diluted share compared to $290.9 million or $2.09 per share in the year-ago quarter.

Dover Corporation ((DOV)) fell 0.6% or 44 cents to $67.38 after the industrial product provider reported first quarter revenue increased 24% from a year ago to $2 billion. Net earnings in the quarter increased to $194.9 million or $1.03 per diluted share compared to $108.1 million or $0.58 per share in the year-ago quarter.

E. I. du Pont de Nemours and Company ((DD)) slumped 0.8% or 46 cents to $55.45 after the conglomerate reported first quarter sales surged 18% to $10 billion compared to $8.8 billion in the same period last year. Net income in the quarter soared 27% to $1.43 billion or $1.52 per diluted share compared to $1.13 billion or $1.24 per share a year ago.

Honeywell International Inc. ((HON)) fell 0.1% or 8 cents to $60.64 after the diversified technology and manufacturing company reported first quarter sales surged 15% to $8.9 billion compared to $7.8 billion in the same period last year. Net income in the quarter increased to $705 million or 88 cents per diluted share compared to $489 million or 63 cents per share a year ago.

Johnson Controls, Inc. ((JCI)) decreased 1.6% or 67 cents to $40.06 after the provider of automotive interiors second quarter net sales improved 22% to $10.14 billion from $8.32 billion in the comparable period a year ago. Net income in the quarter grew 29.2% to $354 million or 51 cents per diluted share compared to net income of $274 million or 40 cents per share last year.

Kimberly-Clark Corporation ((KMB)) plunged 3.3% or $2.23 to $63.82 after the personal and health care products maker reported first quarter net sales increased 4% to $5.0 billion compared to $4.8 billion in the same period last year. Net income in the quarter declined 8.9% to $350 million or 86 cents per diluted share compared to $384 million or 92 cents per share a year ago.

RadioShack Corporation ((RSH)) slipped 3.7% or 59 cents to $15.24 after the consumer electronics goods and services retailer stated first quarter net sales and operating revenues increased 1.9% to $1.06 billion from $1.04 billion in the comparable period last year. Net income in the quarter declined 29.9% to $35.1 million or 33 cents per diluted share compared to net income of $50.1 million or 39 cents per share last year.

Sohu.com Inc. ((SOHU)) surged 7.2% or $6.95 to $102.64 after the Chinese online media company reported first quarter total revenues climbed 35% to $174.37 million from $129.45 million in the prior year. Net income attributable to Sohu.com rose 48.4% to $44.81 million compared to net income of $30.19 million last year. Earnings per share grew to $1.01 from $0.73 a year ago.

SanDisk Corporation ((SNDK)) gained 3.3% or $1.66 to $50.65 after the data storage solution provider said first quarter total revenues increased 19% to $1.29 billion compared to $1.07 billion in the same period last year. Net income in the quarter fell to $224 million or 92 cents per diluted share compared to $235 million or 99 cents per share a year ago.

Schlumberger NV ((SLB)) fell 1.1% or 99 cents to $88.79 after the oilfield service provider reported first quarter revenue surged to $8.72 billion compared to $5.60 billion in the same period last year. Net earnings in the quarter soared 30% to $944 million or 69 cents per diluted share compared to $672 million or 56 cents per share a year ago.

Southwest Airlines Co. ((LUV)) increased 1.5% or 18 cents to $11.49 after the airline company said first quarter total revenues increased 18% to $3.1 billion compared to $2.6 billion in the same period last year. Net income in the quarter tumbled 54.5% to $5 million or 1 cent per diluted share compared to $11 million or 1 cent per share a year ago.

T. Rowe Price Group, Inc. ((TROW)) fell 0.6% or 41 cents to $63.67 after the financial services holding company reported first quarter net revenues soared to $682.4 million from $556.2 million in the prior year. Net income in the quarter rose to $194.6 million or 72 cents per diluted share compared to $153.0 million or 57 cents per share a year ago.

The Travelers Companies, Inc ((TRV)) rose 0.6% or 41 cents to $61.73 after the holding company said first quarter total revenues rose 3% to $6.29 billion compared to $6.12 billion in the same period last year. Net income in the quarter surged 30% to $839 million or $1.92 per diluted share compared to $647 million or $1.25 per share a year ago.

United Continental Holdings, Inc ((UAL)) gained 3.1% or 65 cents to $21.49 after the airline company reported first quarter revenue soared 10.8% to $8.20 billion from $7.40 billion in the year-ago period. Net loss in the quarter widened 16.4% to $213 million or 65 cents per diluted share compared to $183 million or 58 cents per share in the year-ago quarter.

Verizon Communications Inc. ((VZ)) rose 0.3% or 11 cents to $37.02 after the communications service provider reported first quarter operating revenue edged up 0.3% to $26.99 billion from $26.91 billion in the year-ago period. Net income in the quarter soared 40.8% to $3.26 billion or 51 cents per diluted share compared to $2.32 billion or 16 cents per share in the year-ago quarter.

Xerox Corporation ((XRX)) fell 0.8% or 9 cents to $10.13 after the technology, services and software company said first quarter total revenues increased 16% to $5.46 billion compared to $4.72 billion in the same period last year. Net income in the quarter of $281 million or 19 cents per diluted share compared to net loss of $42 million or 4 cents per share a year ago.