U.S. Movers: Caterpillar, Deckers, Lear, Microsoft, V.F. Corp, Zoll

Mukesh Buch
29 Apr, 2011
New York City

Caterpillar first quarter net profit soared 426% to $1.2 billion. Microsoft third quarter net income increased 31% to $5.2 billion. Research In Motion estimates first quarter earnings of $1.30 to $1.37 per share. Zimmer first quarter net income rose 2% to $208.9 million.

[R]10:30 AM New York – Caterpillar first quarter net profit soared 426% to $1.2 billion. Microsoft third quarter net income increased 31% to $5.2 billion. Research In Motion estimates first quarter earnings of $1.30 to $1.37 per share. Zimmer first quarter net income rose 2% to $208.9 million.[/R]

Of 30 the stocks in the Dow, 15 increased and 15 decreased.

Of the stocks in the Dow Jones Industrial Average, Caterpillar Inc. led the gainers with a rise of 2.29% followed by increase in The Boeing Company of 1.49%, in American Express Company of 0.97%, in Johnson & Johnson of 0.81%, in Merck & Co., Inc. of 0.78%.

Microsoft Corporation led the decliners with a fall of 4.28%, followed by decline in Alcoa Inc. of 1.81%, in Verizon Communications Inc. of 1.51%, in Hewlett-Packard Company of 1.13%, in The Home Depot, Inc. of 0.72%.

Other Movers

Amdocs Limited ((DOX)) increased 1.2% or 38 cents to $30.77 after the UK based communications, media and entertainment software provider said second quarter revenue rose 6% to $788.9 million from $743.9 million in the same quarter last year. Net income in the quarter rose to $94.1 million or 50 cents per diluted share compared to $68.5 million or 33 cents per share for the year-ago quarter.

Ancestry.com Inc ((ACOM)) surged 27.7% or $8.87 to $40.93 after the online resource for family history provider said first quarter total revenues soared 41.3% to $91.0 million compared to $64.4 million in the same period last year. Net income in the quarter increased to $8.97 million or 18 cents per diluted share compared to $3.96 million or 8 cents per share a year ago.

Bally Technologies, Inc ((BYI)) fell 0.5% or 22 cents to $38.53 after the gaming company reported third quarter revenue edged up to $190.9 million from $190.6 million last year. Net income in the quarter rose to $23.7 million or 43 cents per share compared to $22.5 million or 39 cents per share in the prior-year quarter.

Chevron Corporation ((CVX)) rose 0.1% or 16 cents to $108.97 after the administrative, financial, management and technology provider reported first quarter total revenues soared to $60.34 billion compared to $48.18 billion in the same period last year. Net income in the quarter increased to $6.2 billion or $3.09 per diluted share compared to $4.6 billion or $2.27 per share a year ago.

Caterpillar Inc. ((CAT)) gained 2.7% or $3.02 to $115.66 after the maker of earth-moving equipment reported first quarter sales and revenues surged 57% to $12.949 billion from $8.238 billion in the first quarter of 2010. Net profit in the quarter soared 426% to $1.225 billion or $1.84 per diluted share compared to net profit of $233 million or 36 cents per share in the prior-year quarter.

Cliffs Natural Resources Inc. ((CLF)) fell 3% or $2.91 to $93.67 after the mining and natural resource company first quarter net sales surged 63% to $1.2 billion compared to $0.7 billion in the same period last year. Net income in the quarter increased to $423 million or $3.11 per diluted share compared to $77 million or $0.57 per share a year ago.

D.R. Horton, Inc. ((DHI)) gained 3.2% or 39 cents to $12.49 after the homebuilding company said second quarter revenue fell 18.3% to $733.1 million compared with $896.8 million in the same quarter of fiscal 2010. Net income in the quarter surged 144% to $27.8 million or 9 cents per diluted share compared to net income of $11.4 million or 4 cents per share last year.

Deckers Outdoor Corporation ((DECK)) tumbled 6.9% or $6.58 to $87.87 after the domestically and internationally retailer said first quarter net sales surged 31.4% to $204.9 million compared to $155.9 million in the same period last year. Net income in the quarter increased to $19.2 million or 49 cents per diluted share compared to $17.9 million or 46 cents per share a year ago.

International Paper Company ((IP)) increased 1.1% or 34 cents to $30.80 after the paper and packaging company reported first quarter net sales soared to $6.4 billion compared to $5.8 billion in the same period last year. Net earnings in the quarter increased to $342 million or 78 cents per diluted share compared to $316 million or 73 cents per share a year ago.

Lear Corporation ((LEA)) advanced 3.2% or $1.64 to $51.48 after the global automotive company said first quarter total revenues soared 20% to $3.5 billion compared to $3.0 billion in the same period last year. Net income in the quarter increased to $156 million or $1.44 per diluted share compared to $66.1 million or $0.61 per share a year ago.

Motorola Solutions, Inc. ((MSI)) slipped 1.4% or 66 cents to $46.00 after the technology company reported first quarter total sales surged 8% to $1.9 billion compared to $1.7 billion in the same period last year. Net earnings in the quarter increased to $497 million or $1.06 per diluted share compared to $69 million or $.29 per share a year ago.

Merck & Co., Inc. ((MRK)) rose 0.3% or 13 cents to $35.89 after the global health care company stated first quarter sales grew 1.4% to $11.58 billion from last year''s $11.42 billion. Net income in the quarter soared 248% to $1.04 billion or 34 cents per diluted share compared to net income of $299 million or 9 cents per share last year.

Microsoft Corporation ((MSFT)) slumped 3.9% or $1.05 to $25.65 after the largest software company said third quarter profit revenue rose 13% to $16.43 billion from $14.50 billion in the same quarter last year, driven by strong growth at its entertainment and devices division. Net income in the quarter increased 31% to $5.2 billion or 61 cents per diluted share compared to net income of $4.0 billion or 45 cents per share for the year-ago quarter.

NetGear, Inc. ((NTGR)) soared 23.8% or $8.12 to $42.12 after the networking products company reported first quarter net revenues soared 32% to $278.8 million compared to $211.6 million in the same period last year. Net income in the quarter increased to $21.2 million or 57 cents per diluted share compared to $13.7 million or 38 cents per share a year ago.

Research In Motion Ltd. ((RIMM)) tumbled 13.2% or $7.51 to $49.04 after the Canadian telecommunication and wireless device company estimates earnings of $1.30 to $1.37 per share for the first quarter of fiscal year 2012, down from its previous expectation of $1.47 to $1.55 per share.

Samsung Electronics Co., the South Korean conglomerate reported first quarter total sales increased 7% to 36.99 trillion won from last year''s 34.64 trillion won. Net profit in the quarter declined 30% to 2.78 trillion won from 3.99 trillion won in the prior-year quarter.

SunPower Corporation ((SPWRA)) soared 35.9% or $5.80 to $21.92 after the solar products company reported the two companies entered into broad strategic relationship to shape the future of the solar industry.

Total will launch friendly tender offer through wholly owned subsidiary for 60% of SunPower''s outstanding Class A common shares and Class B common shares at price of $23.25 per share for each class and values equity at $2.3 billion. In addition, Total will provide SunPower with up to $1 billion of credit support over the next five years.

V.F. Corporation ((VFC)) declined 6.2% or $6.75 to $101.91 after the apparel company reported first quarter revenues soared 12% to $1.96 billion compared to $1.75 billion in the same period last year. Net income in the quarter increased 23% to $6.2 billion or $3.09 per diluted share compared to $4.6 billion or $2.27 per share a year ago.

ZOLL Medical Corporation ((ZOLL)) surged 13.9% or $7.09 to $57.44 after the medical devices and software maker reported second quarter revenues soared 12% to $122.5 million compared to $107.1 million in the same period last year. Net income in the quarter increased 65% to $6.0 million or 27 cents per diluted share compared to $3.7 million or 17 cents per share a year ago.

Zimmer Holdings, Inc. ((ZMH)) rose 0.6% or 42 cents to $66.18 after the surgical product maker reported first quarter revenues soared 5% to $1.12 billion compared to $1.06 billion in the same period last year. Net earnings in the quarter increased 2% to $208.9 million or $1.08 per diluted share compared to $205.4 million or $1.01 per share a year ago.