U.S. Movers: Arctic Cat, BCE, Cisco, Kohl

Mukesh Buch
12 May, 2011
New York City

Arctic Cat fourth quarter net loss was flat to $9.58 million. BCE first quarter net earnings declined 29% to $503 million. Cisco third quarter net income fell 18% to $1.8 billion. Kohl

[R]10:30 AM New York – Arctic Cat fourth quarter net loss was flat to $9.58 million. BCE first quarter net earnings declined 29% to $503 million. Cisco third quarter net income declined 18% to $1.8 billion. Kohl’s fourth quarter net income grew 5% to $211 million. Precision Castparts fourth quarter net income rose to $271.0 million.[/R]

Of 30 the stocks in the Dow, 11 increased and 19 decreased.

Of the stocks in the Dow Jones Industrial Average, The Procter & Gamble Company led the gainers with a rise of 0.59% followed by increase in Kraft Foods Inc. of 0.44%, in McDonald’s Corporation of 0.44%, in Merck & Co., Inc. of 0.41%, in Intel Corporation of 0.36%.

Cisco Systems, Inc. led the decliners with a fall of 5.31%, followed by decline in Caterpillar Inc. of 1.81%, in JPMorgan Chase & Co. of 1.36%, in The Walt Disney Company of 1.04%, in E. I. du Pont de Nemours and Company of 0.96%.

Other Movers

Arctic Cat Inc. ((ACAT)) slumped 6% or 94 cents to $14.72 after the snowmobiles and all terrain vehicle maker reported fourth quarter total sales fell to $73.4 million compared to $84.0 million in the same period last year. Net loss in the quarter was flat to $9.58 million or 52 cents per diluted share compared to $9.56 million or 52 cents per share a year ago.

ADA-ES, Inc. ((ADES)) surged 13.2% or $1.07 to $9.17 after the environmental technology provider said first quarter revenues surged 119% to $8.5 million compared to $3.9 million in the same period last year. Net loss in the quarter widened to $27.5 million or $3.63 per diluted share compared to $2.8 million or $0.39 per share a year ago.

BCE Inc. ((BCE)) gained 2.1% or 82 cents to $39.18 after the Canada based communication company reported first quarter revenues rose 0.7% to $4.47 billion compared to $4.43 billion in the same period last year. Net earnings in the quarter declined 28.7% to $503 million or 67 cents per diluted share compared to $706 million or 92 cents per share a year ago.

Cisco Systems, Inc. ((CSCO)) declined 5.2% or 93 cents to $16.85 after the Internet protocol based network product provider reported third quarter revenues increased 5% to $10.9 billion compared to $10.4 billion in the same period last year. Net income in the quarter declined 17.8% to $1.8 billion or 33 cents per diluted share compared to $2.2 billion or 37 cents per share a year ago.

DynaVox Inc. ((DVOX)) soared 24.7% or $1.50 to $7.55 after the holding company said third quarter revenues rose 1% to $28.7 million compared to $28.4 million in the same period last year. Net income in the quarter rose to $0.7 million or 7 cents per diluted share compared to $0.3 million or 3 cents per share a year ago.

EDGAR Online, Inc. ((EDGR)), the financial data and public filings company said first quarter total revenues increased to $6.0 million compared to $4.4 million in the same period last year. Net loss in the quarter widened to $3.7 million or 13 cents per diluted share compared to $1.2 million or 4 cents per share a year ago.

Kohl’s Corporation ((KSS)) increased 1.2% or 67 cents to $54.30 after the department store operator reported fourth quarter net sales rose to $4.2 billion compared to $4 billion in the same period last year. Comparable store sales for the quarter increased 1.3%. Net income in the quarter grew 5.1% to $211 million or 73 cents per diluted share compared to $199 million or 64 cents per share a year ago.

Precision Castparts Corp. ((PCP)) rose 0.5% or 92 cents to $157.12 after the complex metal components and product maker reported fourth quarter total revenues soared 16.8% to $1.7 billion compared to $1.4 million in the same period last year. Net income in the quarter rose to $271 million or $1.87 per diluted share compared to $241.2 million or $1.69 per share a year ago.

Pacific Ethanol, Inc. ((PEIX)) soared 25% or 9 cents to 48 cents after the low carbon renewable fuels producer first quarter net sales rose to $173.1 million compared to $71.3 million in the same period last year. Net loss in the quarter narrowed to $0.3 million or break even cents per diluted share compared to $11.7 million or 20 cents per share a year ago.

Spectrum Brands Holdings, Inc. ((SPB)) fell 0.5% or 19 cents to $34.76 after the consumer products company reported second quarter net sales rose 30.3% to $694.0 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.

Virtusa Corporation ((VRTU)) gained 2.5% or 47 cents to $18.73 after the information technology company reported fourth quarter total revenues increased 22% to $58.3 million compared to $47.8 million in the same period last year. Net income in the quarter rose to $5.2 million or 21 cents per diluted share compared to $3.6 million or 15 cents per share a year ago.