U.S. Movers: Amazon, Corning, Exelon, Moody

Mukesh Buch
27 Apr, 2011
New York City

Amazon first quarter net earnings slumped 33% to $201 million. ConocoPhillips first quarter net income rose to $3 billion. Moody

[R]12:10 PM New York – Amazon first quarter net earnings slumped 33% to $201 million. ConocoPhillips first quarter net income rose to $3 billion. Moody’s first quarter netincome rose to $155.5 million. Office Depot reported first quarter net loss of $14.6 million. Whirlpool first quarter net income rose to $169 million.[/R]

Of 30 the stocks in the Dow, 20 increased and 9 decreased and 1 unchanged.

Of the stocks in the Dow Jones Industrial Average, Verizon Communications Inc. led the gainers with a rise of 1.54% followed by increase in Wal-Mart Stores, Inc. of 1.21%, in The Boeing Company of 1.15%, in Pfizer Inc. of 1.14%, in General Electric Company of 1.14%.

Caterpillar Inc. led the decliners with a fall of 1.65%, followed by decline in Cisco Systems, Inc. of 1.11%, in Johnson & Johnson of 0.83%, in Alcoa Inc of 0.83%, in E. I. du Pont de Nemours and Company of 0.74%.

Other Movers

Arrow Electronics, Inc. ((ARW)) increased 1.6% or 73 to $45.42 after the electronic component services provider reported first quarter sales soared to $5.22 billion compared to $4.23 billion in the same period last year. Net income in the quarter increased to $136.3 million or $1.16 per diluted share compared to $87.0 million or $0.71 cents per share a year ago.

Amazon.com, Inc. ((AMZN)) gained 4.1% or $7.51 to $189.81 after the online retailer said first quarter revenues soared 38% to $ 9.86 billion from $7.13 billion reported for the year-ago quarter. Net earnings in the quarter slumped 33% to $201 million or 44 cents per share compared to net earnings of $299 million or 66 cents per share for the year-ago quarter.

Baker Hughes Inc ((BHI)) advanced 2.7% or $2.06 to $76.12 after the oilfield service provider reported first quarter revenues surged 78% to $4.53 billion compared to $2.54 billion in the same period last year. Net income in the quarter increased to $381 million or 87 cents per diluted share compared to $129 million or 41 cents per share a year ago.

Becton, Dickinson and Company ((BDX)) fell 0.06% or 5 cents to $84.84 after the medical technology company reported second quarter sales increased 6.8% to $1.92 billion compared to $1.80 billion in the same period last year. Net income in the quarter increased 4.8% to $312.0 million or $1.38 per diluted share compared to $297.6 million or $1.24 per share a year ago.

ConocoPhillips ((COP)) slumped 3% or $2.45 to $78.76 after the integrated energy company reported first quarter revenues surged 27% to $58.25 billion compared to $45.76 billion in the same period last year. Net income in the quarter increased to $3 billion or $2.09 per diluted share compared to $2.1 billion or $1.40 per share a year ago.

Corning Incorporated ((GLW)) increased 1.8% or 37 cents to $20.97 after the technology company reported first quarter net sales soared 24% to $1.92 billion compared to $1.56 billion in the same period last year. Net income in the quarter decreased to $748 million or 47 cents per diluted share compared to $816 million or 52 cents per share a year ago.

C.H. Robinson Worldwide, Inc. ((CHRW)) rose 0.3% or 31 cents to $79.55 after the third party logistics company reported first quarter sales soared 14% to $2.36 billion compared to $2.07 billion in the same period last year. Net income in the quarter increased 15.5% to $97.02 million or 59 cents per diluted share compared to $84.01 million or 50 cents per share a year ago.

Canadian National Railway Company ((CNR) rose 0.4% or 33 cents to $71.33 after the largest freight railroad reported first quarter revenues increased 6% to C$2.08 billion from C$1.96 billion a year before. Net income in the quarter increased 31% to C$668 million or C$1.45 per share compared to net income of C$511 million or C$1.08 per share last year.

DreamWorks Animation SKG, Inc. ((DWA)) slipped 2.7% or 74 cents to $25.99 after the animation film maker said first quarter total revenues fell 33% to $108.04 million from $162.14 million in the same quarter last year. Net income in the quarter plunged 59% to $8.8 million or 10 cents per diluted share compared to net income of $21.7 million or 24 cents per share for the year-ago quarter.

Exelon Corporation ((EXC)) rose 0.2% or 11 cents to $41.28 after the utility services holding company reported first quarter revenues soared to $2.74 billion compared to $2.42 billion in the same period last year. Net income in the quarter decreased to $668 million or $1.01 per diluted share compared to $749 million or $1.13 per share a year ago.

Hess Corporation ((HES)) soared 4.1% or $3.33 to $84.00 after the energy company reported first quarter total revenues soared to $10.52 billion compared to $9.22 billion in the same period last year. Net income in the quarter increased to $929 million or $2.74 per diluted share compared to $538 million or $1.65 per share a year ago.

Hertz Global Holdings, Inc. ((HTZ)) increased 1.3% or 23 cents to $17.35 after the airport general use car rental company said first quarter revenues increased 7.2% to $1.8 billion compared to $1.6 billion in the same period last year. Net loss in the quarter increased 7.4% to $132.6 million or 32 cents per diluted share compared to $150.4 million or 37 cents per share a year ago.

Moody’s Corporation ((MCO)) surged 7.6% or $2.73 to $38.64 after the credit rating provider said first quarter revenues increased 21% to $577.0 million compared to $476.6 million in the same period last year. Net income in the quarter increased to $155.5 million or 67 cents per diluted share compared to $113.4 million or 47 cents per share a year ago.

Office Depot, Inc. ((ODP)) fell 0.6% or 3 cents to $4.33 after the office products supplier reported first quarter sales fell 3% to $2.97 billion compared to $3.07 billion in the same period last year. Net loss in the quarter was $14.6 million or 5 cents per diluted share compared to net income of $20.0 million or 7 cents per share a year ago.

Rockwell Automation, Inc. ((ROK)) tumbled 9.9% or $9.72 to $88.22 after the industrial automation provider said second quarter total sales surged 26% to $1.46 billion from $1.16 billion in the comparable period last year. Net income in the quarter soared to $166.4 million or $1.14 per diluted share compared to $137.0 million or $0.95 per share reported last year.

The Boeing Company ((BA)) fell 0.4% or 34 cents to $75.21 after the aerospace company reported first quarter revenues declined 2% to $14.91 billion compared to $15.22 billion in the same period last year. Net income in the quarter increased 13% to $586 million or 0.78 cents per diluted share compared to $519 million or 70 cents per share a year ago.

The Western Union Company ((WU)) declined 2.6% or 58 cents to $20.96 after the global payment services provider reported first quarter revenue grew 4% to $1.28 billion from $1.23 billion in the year-ago period. Net income in the quarter rose 1.1% to $210.2 million from $207.9 million in the year-ago quarter. On a per-share basis, earnings for the quarter rose to $0.32 from $0.30 as the share count was lower.

The McGraw-Hill Companies, Inc. ((MHP)) fell 0.9% or 38 cents to $38.77 after thefinancial information and education company said first quarter revenue grew 7.7% to $1.28 billion from $1.19 billion in the same quarter last year. Net income in the quarter increased 16.2% to $120 million or 39 cents per diluted share compared to $103.3 million or 33 cents per share for the year-ago quarter.

Torchmark Corporation ((TMK)) plunged 3.3% or $2.23 to $64.60 after the holding company reported first quarter total premium rose to $679.9 million compared to $670.9 billion in the same period last year. Net income in the quarter declined to $105.5 million or $1.33 per diluted share compared to $121.7 million or $1.46 per share a year ago.

Valero Energy Corporation ((VLO)) decreased 1.3% or 36 cents to $27.67 after the petrochemical company said first quarter revenue surged to $26.31 billion from $18.49 billion in the same quarter last year. Net income in the quarter increased to $98 million or 17 cents per diluted share compared to net loss of $113 million or 20 cents per share for the year-ago quarter.

Whirlpool Corporation ((WHR)) increased 1.1% or $1.01 to $88.87 after the home appliances maker reported first quarter sales rose 3% to $4.4 billion compared to $4.3 billion in the same period last year. Net earnings in the quarter rose to $169 million or $2.17 per diluted share compared to $164 million or $2.13 per share a year ago.