U.S. Movers: Blyth, Cascade, Quiksilver, UTi, VeriFone

Mukesh Buch
03 Jun, 2011
New York City

Blyth reported first quarter net loss of $3.0 million. Cascade first quarter net income surged 190% to $16.4 million. Quiksilver reported second quarter net loss of $83.3 million. SAIC first quarter net income rose to $131 million. VeriFone second quarter net income soared 24.6% to $25.2 million.

[R]11:30 AM New York – Blyth reported first quarter net loss of $3.0 million. Cascade first quarter net income surged 190% to $16.4 million. Quiksilver reported second quarter net loss of $83.3 million. SAIC first quarter net income rose to $131 million. VeriFone second quarter net income soared 24.6% to $25.2 million.[/R]

Of 30 the stocks in the Dow, 2 increased and 28 decreased.

Of the stocks in the Dow Jones Industrial Average, Wal-Mart Stores, Inc. led the gainers with a rise of 0.41% followed by increase in JPMorgan Chase & Co. of 0.12%.

United Technologies Corporation led the decliners with a fall of 1.97%, followed by decline in The Boeing Company of 1.88%, in The Walt Disney Company of 1.83%, in American Express Company of 1.58%, in Caterpillar Inc. of 1.45%.

Other Movers

American Woodmark Corporation ((AMWD)) gained 5.9% or $1.14 to $20.25 after the kitchen cabinet maker said fourth quarter net sales increased 10% to $124.2 million compared to $112.4 million in the same period last year. Net loss in the quarter widened to $3.4 million or 24 cents per diluted share compared to $1.5 million or 11 cents per share a year ago.

Blyth, Inc ((BTH)) declined 16.9% or $7.55 to $37.13 after the household accessory distributor reported first quarter net sales flat to $185.5 million compared to $185.3 million in the same period last year. Net loss in the quarter was $3.0 million or 35 cents per diluted share compared to net income of $4.5 million or 51 cents per share a year earlier.

Cascade Corporation ((CASC)) soared 20.6% or $8.04 to $46.99 after the auto and truck parts maker said first quarter net sales soared 44% to $136.2 million compared to $94.4 million in the same period last year. Net income in the quarter surged 190% to $16.4 million or $1.46 per diluted share compared to $5.7 million or $0.51 cents per share a year ago.

Diamond Foods, Inc. ((DMND)) slipped 3.2% or $2.28 to $69.07 after the packaged food company reported third quarter net sales soared 61% to $223 million compared to $138.7 million in the same period last year. Net income in the quarter of $7.7 million or 34 cents per diluted share compared to net loss of $4.3 million or 22 cents per share a year earlier.

Quiksilver, Inc. ((ZQK)) advanced 9.8% or 43 cents to $4.81 after the branded apparel maker said second quarter revenues grew 2% to $478.1 million from $468.3 million in the same quarter last year. Net loss in the quarter was $83.3 million or 51 cents per diluted share compared to net income of $9.4 million or 6 cents per share a year ago.

SAIC, Inc. ((SAI)) fell 0.5% or 10 cents to $17.11 after the scientific, engineering and technical solution provider reported first quarter revenues rose 2% to $2.69 billion from $2.63 billion in the same quarter last year. Net income in the quarter rose to $131 million or 36 cents per diluted share compared to $125 million or 32 cents per share a year earlier.

The Cooper Companies, Inc. ((COO)) increased 2.1% or $1.56 to $74.25 after the medical products maker reported second quarter revenues increased 12% to $325.3 million from $289.3 million in the same quarter last year. Net income in the quarter grew to $35.4 million or 73 cents per diluted share compared to $4.4 million or 10 cents per share a year ago.

UTi Worldwide Inc. ((UTIW)) decreased 1.3% or 29 cents to $21.07 after the holding company reported first quarter revenues increased 14% to $1.2 billion from $1.1 billion in the same quarter last year. Net income in the quarter fell to $8.7 million or 8 cents per diluted share compared to $10.1 million or 10 cents per share for the year ago.

VeriFone Systems, Inc. ((PAY)) slipped 1.8% or 85 cents to $46.29 after the electronic payment solution provider second quarter net revenues increased 21.5% to $292.4 million from $240.7 million in the same quarter last year. Net income in the quarter soared 24.6% to $25.2 million or 27 cents per diluted share compared to $20.2 million or 23 cents per share for the year-ago quarter.