U.S. Movers: Air Products, Brown-Forman, lululemon, RealD, Toyota

Mukesh Buch
10 Jun, 2011
New York City

Air Products targets total revenues of more than $15 billion in 2015. Brown-Forman fourth quarter net income surged 128% to $165.4 million. lululemon first quarter net income surged 70.3% to $33.37 million. Toyota estimates fiscal year 2012 net income to drop 31% to 280 billion yen.

[R]11:10 AM New York – Air Products targets total revenues of more than $15 billion in 2015. Brown-Forman fourth quarter net income surged 128% to $165.4 million. lululemon first quarter net income surged 70.3% to $33.37 million. Toyota estimates fiscal year 2012 net income to drop 31% to 280 billion yen.[/R]

Of 30 the stocks in the Dow, none increased and 30 decreased.

The Travelers Companies, Inc. led the decliners with a fall of 3.73%, followed by decline in Caterpillar Inc. of 1.64%, in Pfizer Inc. of 1.64%, in JPMorgan Chase & Co. of 1.61%, in Boeing Company of 1.46%.

Other Movers

Air Products & Chemicals, Inc. ((APD)) decreased 1% or 96 cents to $91.65 after the maker of gases and chemicals for industrial uses stated that the company expects to deliver 11% to 13% top line growth each year for the next four years and targets to generate total revenues of more than $15 billion in 2015.

AEP Industries Inc. ((AEPI)) slipped 3.8% or $1.13 to $28.17 after the plastic packaging film maker said second quarter net sales grew 15.2% to $248.5 million from $215.6 million in the same quarter last year. Net loss in the quarter narrowed to $0.7 million or 11 cents per diluted share compared to $41.5 million or 22 cents per share a year ago.

Brown-Forman Corporation ((BF.B)) decreased 1.6% or $1.19 to $70.56 after the alcoholic beverage maker reported fourth quarter net sales increased 8% to $791.3 million from $733 million in the comparable period. Net income in the quarter surged 128% to $165.4 million or $1.13 per share compared to net income of $72.7 million or 49 cents per share last year.

Enzo Biochem, Inc. ((ENZ)) increased 1.3% or 5 cents to $3.76 after the biotechnology company said third quarter revenues rose to $25.8 million from $23.8 million in the same quarter of a year ago. Net loss in the quarter narrowed to $2.1 million or 5 cents per diluted share compared to $4.6 million or 12 cents per share a year earlier.

KMG Chemicals, Inc. ((KMGB)) decreased 1.2% or 22 cents to $17.06 after the specialty chemicals maker said third quarter net sales increased 26% to $65.1 million from $51.6 million in the same quarter last year. Net income in the quarter fell to $2.6 million or 23 cents per diluted share compared to $3.3 million or 29 cents per share a year ago.

lululemon athletica inc. ((LULU)) gained 4.9% or $4.27 to $90.41 after the designer and retailer of technical athletic apparel said first quarter net revenue grew 35% to $186.78 million from last year''s $138.3 million. Comparable stores sales for the first quarter increased 16% on a constant dollar basis.

Net income in the quarter surged 70.3% to $33.37 million or 46 cents per share compared to net income of $19.59 million or 27 cents per share last year.

National Semiconductor Corporation ((NSM)) rose 0.1% or 3 cents to $24.61 after the chipmaker said fourth quarter net sales fell 6% to $371.4 million from $398.5 million in the same quarter last year. Net income in the quarter declined 15% to $67.1 million or 26 cents per diluted share compared to net income of $79.2 million or 33 cents per share for the year-ago quarter.

RealD Inc. ((RLD)) slumped 13.5% or $3.30 to $20.77 after the cinema 3-D equipment licensor reported fourth quarter revenues rose 6% to $55.4 million from $443.8 million in the same quarter of a year ago. Net income in the quarter was $4.5 million or 8 cents per diluted share compared to net loss of $20.9 million or 85 cents per share a year earlier.

Rentrak Corporation ((RENT)) decreased 8.5% or $1.93 to $20.51 after the home entertainment company said fourth quarter revenues edged down to $24.7 million from $25.0 million in the same quarter of a year ago. Net loss in the quarter was $0.8 million or 7 cents per diluted share compared to net income of $0.2 million or 2 cents per share a year ago.

SeaChange International, Inc. ((SEAC)) gained 3.8% or 39 cents to $10.49 after the digital video system maker reported first quarter revenues fell to $52.1 million from $54.6 million in the same quarter of a year ago. Net loss in the quarter was $0.4 million or 1 cent per diluted share compared to net income of $20.3 million or 64 cents per share a year ago.

Toyota Motor Corporation ((TM)) decreased 1.4% or $1.16 to $80.76 after the carmaker estimates fiscal year 2012 net revenues to decline 2% to 18.6 trillion yen and net income to drop 31% to 280 billion yen. Operating income is anticipated to fall 35% to 300 billion yen.

Taseko Mines Limited ((TGB)) decreased 7.4% or 37 cents to $4.61 after the Canada-based mining company reported first quarter revenues decreased to $58.8 million from $75.5 million in the same quarter of a year ago. Net earnings in the quarter declined to $5.7 million or 3 cents per diluted share compared to $77.0 million or 42 cents per share a year ago.