U.S. Movers: Citigroup, Genuine Parts, Google, Mattel, Valmont

Mukesh Buch
15 Jul, 2011
New York City

Citigroup second quarter net income soared 24% to $3.3 billion. Cubist reported second quarter net loss. Genuine Parts second quarter net income increased 22% to $151.8 million. Google second quarter net income surged to $2.51 billion. Mattel second quarter net increased.

[R]10:35 PM New York – Citigroup second quarter net income soared 24% to $3.3 billion. Cubist reported second quarter net loss. Genuine Parts second quarter net income increased 22% to $151.8 million. Google second quarter net income surged to $2.51 billion. Mattel second quarter net increased.[/R]

Of 30 the stocks in the Dow, 8 increased and 21 decreased and 1 unchanged.

Of the stocks in the Dow Jones Industrial Average, Chevron Corporation led the gainers with a rise of 0.80% followed by increase in Cisco Systems, Inc. of 0.75%, in Microsoft Corporation of 0.32%, in Exxon Mobil Corporation of 22%, in Caterpillar Inc. of 0.17%.

JPMorgan Chase & Co. led the decliners with a fall of 1.39%, followed by decline in General Electric Company of 1.13%, AT&T Inc. of 1.05%, Merck & Co., Inc. of 1.02%, The Home Depot, Inc. of 0.92%.

Other Movers

AngioDynamics, Inc. ((ANGO)) increased 11.4% or $1.60 to $15.61 after the medical device provider said fourth quarter net sales fell to $56.4 million from $60.3 million in the same quarter last year. Net loss in the quarter was $0.7 million or 3 cents per diluted share compared to net income of $3.7 million or 15 cents per share a year earlier.

Citigroup Inc. ((C)) rose 0.6% or 27 cents to $39.28 after the financial services holding company reported second quarter total revenues decreased 7% to $20.6 billion from $22.1 billion in the same quarter last year.

Net income in the quarter soared 24% to $3.3 billion or $1.09 per diluted share compared to $2.7 billion or $0.90 per share a year ago.

Cubist Pharmaceuticals, Inc. ((CBST)) rose 0.4% or 17 cents to $36.10 after the biopharmaceutical company said second quarter net revenues rose 5% to $176.8 million from $168.5 million in the same quarter last year. Net loss in the quarter was $20.6 million or 34 cents per diluted share compared to net income of $28.1 million or 45 cents per share a year ago.

First Horizon National Corporation ((FHN)) gained 4.1% or 39 cents to $9.87 after the bank holding company said second quarter total revenues decreased 15% to $361.6 million from $426.0 million in the same quarter last year. Net income in the quarter rose to $43 million or 16 cents per diluted share compared to $40 million or 1 cent per share a year ago.

Genuine Parts Company ((GPC)) increased 2.8% or $1.57 to $56.69 after the auto and truck parts distributor reported second quarter sales increased 12% to $3.2 billion from $2.8 billion in the same quarter last year. Net income in the quarter increased 22% to $151.8 million or 96 cents per diluted share compared to $124.5 million or 78 cents per share a year ago.

Google Inc. ((GOOG)) increased 12% or $63.92 to $592.86 after the online content provider reported second quarter revenues soared 32% to $9.03 billion from $6.82 billion in the same quarter last year. Net income in the quarter surged to $2.51 billion or $7.68 per diluted share compared to $1.84 billion or $5.71 per share a year ago.

J.B. Hunt Transport Services, Inc ((JBHT)) fell 0.8% or 41 cents to $47.30 after the transportation service reported second quarter revenues surged 22% to $1.15 billion from $0.94 billion in the same quarter last year. Net income in the quarter soared 26% to $65.7 million or 53 cents per diluted share compared to $52.1 million or 40 cents per share a year ago.

Mattel, Inc. ((MAT)) advanced 2.2% or 61 cents to $27.40 after the toy products maker reported second quarter net sales increased 14% to $1.16 billion from $1.02 billion in the same quarter last year. Net income in the quarter increased 7% to $80.5 million or 23 cents per diluted share compared to $51.6 million or 14 cents per share a year ago.

Valmont Industries, Inc. ((VMI)) increased 6.8% or $6.91 to $108.11 after the fabricated metal product maker said second quarter revenues soared 39% to $668.6 million from $481.6 million in the same quarter last year. Net earnings in the quarter swing to $45.8 million or $1.72 per diluted share compared to $17.1 million or $0.65 per share a year ago.

Webster Financial Corporation ((WBS)) rose 0.8% or 18 cents to $20.73 after the bank and financial holding company said second quarter net interest income fell to $175.3 million from $178.0 million in the same quarter last year. Net earnings in the quarter increased to $33.4 million or 36 cents per diluted share compared to $12.7 million or 15 cents per share a year ago.