U.S. Movers: Enbridge, Macy

Mukesh Buch
11 May, 2011
New York City

Dean Foods first quarter net income fell to $25 million. Enbridge first quarter net income rose 15% to $393 million. Macy

[R]10:30 AM New York –Dean Foods first quarter net income fell to $25 million. Enbridge first quarter net income rose 15% to $393 million. Macy’s first quarter net income surged to $131 million. Rovi first quarter net income declined to $17.0 million. Walt Disney second quarter Net income in the quarter fell 1% to $942 million.[/R]

Of 30 the stocks in the Dow, 12 increased and 17 decreased and 1 unchanged.

Of the stocks in the Dow Jones Industrial Average, Intel Corporation led the gainers with a rise of 2.13% followed by increase in Johnson & Johnson of 1.03%, in Cisco Systems, Inc. of 0.93%, in Bank of America Corporation of 0.82%, in Kraft Foods Inc. of 0.69%.

The Walt Disney Company led the decliners with a fall of 4.05%, followed by decline in Exxon Mobil Corporation of 2.02%, in E. I. du Pont de Nemours and Company of 1.77%, in Caterpillar Inc. of 1.75%, in Chevron Corporation of 1.72%.

Other Movers

Acxiom Corporation ((ACXM)) gained 2.3% or 34 cents to $14.81 after the marketing technology provider reported fourth quarter total revenues rose 3.6% to $298.8 million compared to $288.3 million in the same period last year. Net loss in the quarter was of $67.0 million or 88 cents per diluted share compared to net income of $16.6 million or 20 cents per share a year ago.

Brookfield Asset Management Inc. ((BAM)) decreased 1.1% or 39 cents to $33.39 after the asset management company reported first quarter revenues increased to $3.6 billion compared to $3.0 billion in the same period last year. Net income in the quarter grew to $570 million or 41 cents per diluted share compared to $409 million or 25 cents per share a year ago.

Dean Foods Company ((DF)) fell 0.3% or 4 cents to $12.20 after the food and beverage company reported first quarter revenues increased to $3.05 billion compared to $2.96 billion in the same period last year. Net income in the quarter fell to $25 million or 14 cents per diluted share compared to $43 million or 24 cents per share a year ago.

Enbridge Inc. ((ENB)) slipped 1.4% or 90 cents to $63.20 after the Canada based energy transportation and distributor reported first quarter revenues surged to $4.7 billion compared to $3.8 billion in the same period last year. Net income in the quarter increased 15% to $393 million or $1.04 per diluted share compared to $342 million or $0.92 per share a year ago.

Ener1, Inc. ((HEV)) tumbled 18.3% or 45 cents to $2.00 after the rechargeable lithium-ion batteries and battery system maker reported first quarter revenues surged 110% to $23.1 million compared to $11.0 billion in the same period last year. Net loss in the quarter widened to $84.7 million or 51 cents per diluted share compared to $15.3 million or 13 cents per share a year ago.

Gildan Activewear Inc. ((GIL)) slumped 1% or 41 cents to $37.41 after the Canada based non fashion apparel maker reported second quarter revenues increased 17.3% to $383.2 million compared to $326.8 million in the same period last year. Net earnings in the quarter fell to $61.4 million or 50 cents per diluted share compared to $48.8 million or 40 cents per share a year ago.

IntraLinks Holdings, Inc. ((IL)) plunged 33.8% or $9.84 to $20.15 after the software company reported first quarter revenues surged 31% to $52.4 million compared to $39.9 million in the same period last year. Net income in the quarter rose to $0.3 million or $0.01 per diluted share compared to net loss of $5.5 million or $2.66 per share a year ago.

Macy’s, Inc. ((M)) soared 6.8% or $1.79 to $28.12 after the retail store operator reported first quarter sales increased 5.7% to $5.9 billion compared to $5.6 billion in the same period last year.

On a same-store basis, Macy''s, Inc.''s first quarter sales were up 5.4% and combined online sales at Macy’s and Bloomingdales increased 38.3%. Net income in the quarter surged to $131 million or 30 cents per diluted share compared to $23 million or 5 cents per share a year ago.

Nexstar Broadcasting Group, Inc. ((NXST)) declined 6.5% or 53 cents to $7.62 after the television broadcasting company reported first quarter net revenues increased 1.9% to $69.9 million compared to $68.6 million in the same period last year. Net loss in the quarter widened to $6.3 million or 22 cents per diluted share compared to $3.7 million or 13 cents per share a year ago.

Rovi Corporation ((ROVI)) surged 22.2% or $11.04 to $60.77 after the entertainment company reported first quarter revenues rose to $161.4 million compared to $129.4 million in the same period last year. Net income in the quarter declined to $17.0 million or 15 cents per diluted share compared to $68.1 million or 64 cents per share a year ago.

Spectrum Brands Holdings, Inc. ((SPB)) gained 2.3% or 81 cents to $35.00 after the consumer products company reported second quarter revenues surged 30.3% to $693.9 million compared to $532.6 million in the same period last year. Net loss in the quarter widened to $50.2 million or 99 cents per diluted share compared to $19.0 million or 63 cents per share a year ago.

STEC, Inc. ((STEC)) tumbled 18.5% or $3.72 to $16.35 after the computer storage devices maker reported first quarter revenues surged 144.6% to $94.9 million compared to $38.8 million in the same period last year. Net income in the quarter of $14.1 million or 27 cents per diluted share compared to net loss of $5.3 million or 11 cents per share a year ago.

Teva Pharmaceutical Industries Limited ((TEVA)) advanced 2.3% or $1.11 to $48.25 after the Israel pharmaceutical company reported first quarter revenues soared 12% to $4.1 billion compared to $3.6 billion in the same period last year. Net income in the quarter increased to $761 million or 84 cents per diluted share compared to $713 million or 79 cents per share a year ago.

The Walt Disney Company ((DIS)) declined 3.8% or $1.69 to $42.22 after the entertainment company reported second quarter revenues increased 6% to $9.0 billion compared to $8.6 billion in the same period last year. Net income in the quarter fell 1% to $942 million or 49 cents per diluted share compared to $953 million or 48 cents per share a year ago.

Uranium One Inc. ((UUU)) rose 0.4% or 2 cents to $4.10 after the Canada based uranium producer reported first quarter revenues soared 187% to $101.9 million compared to $35.5 million in the same period last year. Net earnings in the quarter to $14.0 million or 2 cents per diluted share compared to net loss of $1.4 million or 2 cents per share a year ago.

Warner Music Group Corp. ((WMG)) fell 0.3% or 3 cents to $8.17 after the music content company reported second quarter revenues rose 2.4% to $682 million compared to $666 billion in the same period last year. Net loss in the quarter increased 52% to $38 million or 25 cents per diluted share compared to $25 million or 17 cents per share a year ago.