U.S. Movers: 3M, Cummins, Express Scripts, Ford, Coca-Cola, United Parcel

Mukesh Buch
26 Apr, 2011
New York City

3M Company first quarter net income rose to $1.08 billion. Cummins first quarter net income soared to $343 million. Ford Motor first quarter net income grew 22% to $2.5 billion. Coca-Cola first quarter net income rose 18% to $1.90 billion. United Parcel first quarter net income surged 66% to $885mn.

[R]10:30 AM New York – 3M Company first quarter net income rose to $1.08 billion. Cummins first quarter net income soared to $343 million. Ford Motor first quarter net income grew 22% to $2.55 billion. Coca-Cola first quarter net income rose 18% to $1.90 billion. United Parcel first quarter net income surged 66% to $885 million.[/R]

Of 30 the stocks in the Dow, 21 increased and 9 decreased.

Of the stocks in the Dow Jones Industrial Average, 3M Company led the gainers with a rise of 1.93% followed by increase in Caterpillar Inc. of 1.93%, in Microsoft Corporation of 1.53%, in General Electric Company of 1.50%, in Cisco Systems, Inc. of 1.40%.

The Coca-Cola Company led the decliners with a fall of 2.49%, followed by decline in The Home Depot, Inc. of 1.12%, in Hewlett-Packard Company of 0.95%, in The Travelers Companies, Inc of 0.83%, in Bank of America Corporation of 0.36%.

Other Movers

3M Company ((MMM)) increased 1.9% or $1.80 to $95.92 after the technology company reported first quarter sales soared 15.2% to $7.3 billion compared to $6.3 billion in the same period last year. Net income in the quarter increased to $1.08 billion or $1.49 per diluted share compared to $0.93 billion or $1.29 per share a year ago.

AK Steel Holding Corporation ((AKS)) surged 5.7% or 91 cents to $16.87 after the steel producer reported first quarter sales increased to $1.58 billion compared to $1.40 billion in the same period last year. Net income in the quarter soared to $8.7 million or 8 cents per diluted share compared to $1.9 million or 2 cents per share a year ago.

AMCOL International Corporation ((ACO)) soared 9.2% or $3.24 to $38.17 after the holding company said first quarter net sales increased 27.1% to $222.4 million compared to $175.0 million in the same period last year. Net income in the quarter increased to $12.23 million or 38 cents per diluted share compared to $6.13 million or 20 cents per share a year ago.

Arch Coal, Inc. ((ACI)) advanced 1.7% or 60 cents to $34.42 the coal producer stated first quarter revenue grew 23% to $872.9 million from $711.8 billion in the same period last year. Net income in the quarter surged to $55.6 million or 34 cents per diluted share compared to net loss of $1.8 million or 1 cent per share in the year-ago quarter.

Ashland Inc. ((ASH)) soared 9.5% or $5.42 to $62.47 after the diversified chemical company said first quarter net sales increased 9% to $1.55 billion compared to $1.42 billion in the same period last year. Net income in the quarter surged to $353 million or $4.39 per diluted share compared to $22 million or $0.27 per share a year ago.

AutoNation, Inc ((AN)) plunged 4.2% or $1.48 to $33.01 after the automotive retailer reported first quarter revenue grew 17% to $3.3 billion from $2.8 billion in the prior-year period. Net income in the quarter increased to $69.4 million or 46 cents per diluted share compared to $55.2 million or 32 cents per share last year.

Ameriprise Financial, Inc. ((AMP)) declined 2.6% or $1.67 to $60.95 after the provider of financial planning, and products and services reported first quarter revenue grew 17% to $2.65 billion from $2.27 billion in the year-ago period. Net income in the quarter rose 13% to $241 million or 94 cents per diluted share compared to net income of $214 million or 81 cents per share in the year-ago quarter.

Cummins Inc. ((CMI)) surged 8.4% or $9.12 to $117.32 after the engines, electric power generation system maker reported first quarter sales increased 56% to $3.9 billion compared to $2.5 billion in the same period last year. Net income in the quarter soared to $343 million or $1.75 per diluted share compared to $149 million or $0.75 per share a year ago.

Delta Air Lines, Inc. ((DAL)) soared 7.6% or 69 cents to $9.69 after the airlines company reported first quarter revenue surged 13% to $7.75 billion compared to $6.85 billion in the same period last year. Net loss in the quarter increased 24% to $318 million or 38 cents per diluted share compared to $256 million or 31 cents per share a year ago.

Express Scripts, Inc. ((ESRX)) slumped 3% or $1.70 to $53.67 after the pharmacy benefit management services provider said first quarter revenues declined 0.4% to $11.09 billion from $11.14 billion in the same quarter last year. Net income in the quarter climbed 25.5% to $326.5 million or 61 cents per diluted share compared to net income of $260.2 million or 47 cents per share in the prior-year quarter.

Ford Motor Company ((F)) gained 2.8% or 44 cents to $15.98 after the automotive giant stated first quarter total company revenues climbed 17.7% to $33.1 billion from the prior-year quarter''s $28.1 billion. Net income in the quarter grew 22% to $2.55 billion or 61 cents per diluted share compared to net income of $2.09 billion or 50 cents per share a year ago.

Hospira, Inc. ((HSP)) decreased 1.1% or 68 cents to $57.47 after the pharmaceutical company reported first quarter net sales fell 0.5% to $1,002 million compared to $1,007 billion in the same period last year. Net income in the quarter grew 5.8% to $149.9 million or 88 cents per diluted share compared to $141.7 million or 84 cents per share a year ago.

Illinois Tool Works Inc. ((ITW)) soared 5.9% or $3.23 to $57.64 after the industrial products and equipment maker reported first quarter total revenue increased 17.4% to $4.39 billion compared to $3.74 billion in the same period last year. Net income in the quarter soared to $623.1 million or $1.24 per diluted share compared to $333.8 million or $0.66 per share a year ago.

Roper Industries, Inc. ((ROP)) increased 1.1% or $1.02 to $87.16 after the diversified company said first quarter net sales increased to $645.3 million compared to $534.4 million in the same period last year. Net earnings in the quarter surged to $88.9 million or 91 cents per diluted share compared to $59.7 million or 62 cents per share a year ago.

The Timken Company ((TKR)) surged 7.9% or $4.20 to $56.95 after the power transmission, alloy steels and steel components maker reported first quarter sales soared 37% to $1.3 billion compared to $0.91 billion in the same period last year. Net income in the quarter surged to $112.7 million or $1.13 per diluted share compared to $28.6 million or $0.29 per share a year ago.

The Coca-Cola Company ((KO)) declined 2.1% or $1.45 to $66.29 after the non-alcoholic beverage company said first quarter net operating revenues climbed 40% to $10.52 billion versus $7.52 billion in the year-ago quarter. Net income in the quarter grew 18% to $1.90 billion or 82 cents per diluted share compared to net income of $1.61 billion or 69 cents per share a year ago.

United Parcel Service, Inc. ((UPS)) increased 1.3% or $1.02 to $74.66 after the package delivery company said first quarter total revenue rose 7.2% to $12.58 billion from $11.73 billion in the comparable period last year. Net profit in the quarter surged 66% to $885 million or 88 cents per diluted share compared to net profit of $533 million or 53 cents per share reported last year.

Unisys Corporation ((UIS)) tumbled 10.5% or $3.47 to $29.51 after the information technology company reported first quarter revenue declined 7% to $911 million compared to $977 million in the same period last year. Net loss in the quarter widened to $40.8 million or 95 cents per diluted share compared to $11.6 million or 27 cents per share a year ago.

US Airways Group, Inc. ((LCC)) soared 5.1% or 43 cents to $8.71 after the holding company reported first quarter total revenue increased 11.7% to $2.96 billion compared to $2.65 billion in the same period last year. Net loss in the quarter widened to $114 million or 71 cents per diluted share compared to $45 million or 28 cents per share a year ago.

W. R. Berkley Corporation ((WRB)) fell 0.3% or 11 cents to $31.86 after the insurance company reported first quarter Net premiums written increased 10% to $1,083.3 million from $983.9 million in the year-ago period. Net income in the quarter increased to $116.5 million or 79 cents per diluted share compared to $118.6 million or 74 cents per share in the year-ago quarter.