U.S. Movers: Caterpillar, General Electric, Microsoft, McDonald

Mukesh Buch
22 Jul, 2011
New York City

Caterpillar second quarter net income surged 44% to $1.01 billion. Dover second quarter net earnings rose to $249.8 million. General Electric second quarter net earnings climbed 22% to $3.7 billion. Microsoft fourth quarter net income surged 30% to $5.9 billion. McDonald

[R]1:15 PM New York – Caterpillar second quarter net income surged 44% to $1.01 billion. Dover second quarter net earnings rose to $249.8 million. General Electric second quarter net earnings climbed 22% to $3.7 billion. Microsoft fourth quarter net income surged 30% to $5.9 billion. McDonald’s quarterly net rose 15% to $1.41 billion.[/R]

Of 30 the stocks in the Dow, 10 increased and 20 decreased.

Of the stocks in the Dow Jones Industrial Average, McDonald’s Corporation led the gainers with a rise of 3.10% followed by increase in Hewlett-Packard Company of 1.82%, in Intel Corporation of 1.21%, in The Coca-Cola Company of 0.47%, in Johnson & Johnson of 0.33%.

Caterpillar Inc. led the decliners with a fall of 6.38%, followed by decline in Verizon Communications Inc. of 2.74%, in Bank of America Corporation of 1.42%, in JPMorgan Chase & Co. of 1.09%, in AT&T Inc. of 0.86%.

Other Movers

Air Products and Chemicals, Inc. ((APD)) decreased 2.2% or $2.21 to $93.20 after the technology serves provider reported third quarter revenue increased 14% to $2.58 billion from $2.25 billion in the same quarter last year. Net income in the quarter increased to $326.5 million or $1.50 per diluted share compared to $253.2 million or $1.17 per share a year ago.

Advanced Micro Devices, Inc. ((AMD)) increased 16.3% or $1.05 to $7.55 after the chip maker said second quarter revenue declined 5% to $1.57 billion from $1.65 billion in the same quarter last year. Net income generated in the quarter was $61 million or 8 cents per diluted compared to a net loss of $43 million or 6 cents per diluted share in the prior-year quarter.

Caterpillar Inc. ((CAT)) decreased 5.2% or $5.85 to $105.75 after the construction and mining equipment maker reported second quarter revenues soared 37% to $14.2 billion from $10.4 billion in the same quarter last year. Net income in the quarter surged 44% to $1.01 billion or $1.52 per diluted share compared with $0.70 billion or $1.09 per diluted share in the year-ago period.

Complete Production Services, Inc. ((CPX)) gained 3.8% or $1.45 to $39.44 after the oil well services and equipment provider said second quarter revenues rose 11% to $552.0 million from $360.2 million in the same quarter last year. Net income in the quarter surged to $54.5 million or 69 cents per diluted share compared to $15.7 million or 21 cents per share a year earlier.

Celestica Inc. ((CLS)) increased 14.2% or $1.21 to $9.73 after the electronic manufacturing service provider said second quarter revenues rose to $1.83 billion from $1.59 billion in the same quarter last year. Net income in the quarter soared to $45.7 million or 21 cents per diluted share compared with $13.0 million or 6 cents per diluted share in the year-ago period.

Rockwell Collins, Inc. ((COL)) decreased 4.1% or $2.49 to $57.97 after the aviation applications maker reported third quarter sales fell 1% to $1.19 billion from $1.21 billion in the same quarter last year. Net income in the quarter increased 11% to $158 million or $1.01 per diluted share compared with $142 million or $0.89 per diluted share a year ago.

Dover Corporation ((DOV)) increased 1.2% or 82 cents to $67.18 after the components and equipment provider reported second quarter revenue increased 21% to $2.2 billion from $1.8 billion in the same quarter last year. Net earnings in the quarter increased to $249.8 million or $1.32 per diluted share compared to $169.9 million or $0.90 per share a year ago.

Flir Systems, Inc. ((FLIR)) fell 0.3% or 11 cents to $28.61 after the sensor systems maker said second quarter revenues rose 18% to $390.0 million from $331.1 million in the same quarter last year. Net earnings in the quarter declined to $29.3 million or 18 cents per diluted share compared to $59.4 million or 37 cents per share a year earlier.

General Electric Company ((GE)) fell 0.2% or 5 cents to $19.11 after reported second quarter revenues decreased 4% to $35.63 billion from prior year''s $36.93 billion. Net earnings in the quarter climbed 22% to $3.69 billion or 35 cents per diluted share compared to net earnings of $3.03 billion or 28 cents per diluted share in the year earlier quarter.

Honeywell International Inc. ((HON)) decreased 2.4% or $1.43 to $56.78 after the diversified technology company reported second quarter sales increased 15% to $9.1 billion from $7.9 billion in the same quarter last year. Net income in the quarter soared to $810 million or $1.02 per diluted share compared with $566 million or $0.73 per diluted share a year ago.

Idexx Laboratories, Inc. ((IDXX)) advanced 5.4% or $4.44 to $85.93 after the medical equipment maker provider reported second quarter revenues rose 13% to $317.9 million from $281.5 million in the same quarter last year. Net earnings in the quarter rose to $48.6 million or 83 cents per diluted share compared to $37.2 million or 62 cents per share a year earlier.

Microsoft Corporation ((MSFT)) fell 0.3% or 1 cents to $27.01 after the software company said fourth quarter revenue rose 8% to $17.37 billion from $16.04 billion in the same quarter last year. Net income in the quarter surged 30% to $5.9 billion or 69 cents per diluted share compared to net income of $4.5 billion or 51 cents per diluted share for the year-ago quarter.

McDonald’s Corporation ((MCD)) increased 2.9% or $2.55 to $89.09 after the restaurant operator reported second quarter revenues increased 16% to $6.9 billion from $5.9 billion in the same quarter last year. Net income in the quarter increased 15% to $1.41 billion or $1.35 per diluted share compared with $1.22 billion or $1.33 per diluted share a year ago.

Global comparable sales increased 5.6% in the U.S. rose 4.5%, Europe grew 5.9% and Asia/Pacific, Middle East and Africa gained 5.2%.

Schlumberger Limited ((SLB)) gained 3.4% or $3.17 to $94.13 after the oilfield services provider reported second quarter revenues grew 62% to $9.62 billion from $5.94 billion reported in the same quarter last year. Net income in the quarter soared 64% to $1.34 billion or 98 cents per diluted share compared to net income of $818 million or 68 cents per diluted share in the previous year.

SunTrust Banks, Inc. ((STI)) rose 0.8% or 2 cents to $25.75 after the bank reported second quarter revenues rose 2% to $2.2 billion from $2.1 billion in the same quarter last year. Net loss in the quarter was $56 million or 11 cents per diluted share compared with net income of $38 million or 22 cents per diluted share a year ago.

The Chubb Corporation ((CB)) increased 2.8% or $1.80 to $64.36 after the property and casualty insurer reported second quarter net income dropped 19% to $419 million or $1.42 per diluted share compared to net income of $518 million or $1.59 per diluted share in the year-ago period.

Net written premiums for the quarter increased 6% to $3.1 billion, with more growth coming from outside the U.S.

Verizon Communications Inc. ((VZ)) decreased 2.6% or $1.00 to $36.57 after the communications services provider reported second quarter revenues increased 2.8% to $27.5 billion from $26.8 billion in the same quarter last year. Net income in the quarter swing to $3,604 million or 57 cents per diluted share compared with $553 million or 42 cents per diluted share a year ago.

Xerox Corporation ((XRX)) decreased 2.2% or 23 cents to $10.07 after the technology, services and software provider reported second quarter revenues rose 2% to $5.61 billion from $5.51 million in the same quarter last year. Net income in the quarter soared 41% to $319 million or 22 cents per diluted share compared to $227 million or 16 cents per share a year earlier.