U.S. Movers: Baker Hughes, Lorillard, Eaton, HCA, Kimberly-Clark

Mukesh Buch
25 Jul, 2011
New York City

Baker Hughes second quarter net income swung to $338 million. BE Aerospace second quarter net earnings soared 46%. Eaton second quarter net income increased to $336 million. HCA Holdings and Kimberly-Clark quarterly net income decreased.

[R]11:30 AM New York – Baker Hughes second quarter net income swung to $338 million. BE Aerospace second quarter net earnings soared 46%. Eaton second quarter net income increased to $336 million. HCA Holdings and Kimberly-Clark quarterly net income decreased.[/R]

Of 30 the stocks in the Dow, 6 increased and 24 decreased.

Of the stocks in the Dow Jones Industrial Average, Microsoft Corporation led the gainers with a rise of 0.87% followed by increase in Caterpillar Inc. of 0.55%, in The Home Depot, Inc. of 0.47%, in McDonald’s Corporation of 0.45%, in Hewlett-Packard Company of 0.41%.

Bank of America Corporation led the decliners with a fall of 1.48%, followed by decline in The Travelers Companies, Inc. of 1.34%, in JPMorgan Chase & Co. of 1.26%, in The Boeing Company of 1.17%, in Verizon Communications Inc. of 1.09%.

Other Movers

Astec Industries, Inc. ((ASTE)) decreased 3.2% or $1.24 to $37.09 after the construction equipment and component makers said second quarter revenues rose 18.5% to $247.8 million from $209.2 million in the same quarter last year. Net income in the quarter increased to $14.1 million or 61 cents per diluted share compared to $10.3 million or 45 cents per share a year earlier.

Baker Hughes Incorporated ((BHI)) fell 0.9% or 73 cents to $79.17 after the oilfield services provider reported second quarter revenue soared 41% to $4.74 billion from $3.37 billion in the same quarter last year. Net income in the quarter swung to $338 million or 77 cents per diluted share compared to $93 million or 23 cents per share a year ago.

Bank of Hawaii Corporation ((BOH)) rose 0.4% or 20 cents to $46.55 after the bank holding company reported second quarter net interest income fell to $97.5 million from $99.7 million in the same quarter last year. Net income in the quarter decreased to $35.1 million or 74 cents per diluted share compared to $46.5 million or 96 cents per share a year earlier.

BE Aerospace, Inc. ((BEAV)) rose 0.1% or 4 cents to $41.87 after the aerospace and defense cabin interior products maker reported second quarter revenues increased 25.8% to $608.9 million from $483.9 million in the same quarter last year. Net earnings in the quarter soared 45.9% to $54.8 million or 54 cents per diluted share compared to $37.3 million or 37 cents per share a year ago.

Cal-Maine Foods, Inc. ((CALM)) fell 0.3% or 11 cents to $35.40 after the shell eggs producer and marketer said fourth quarter net sales rose to $242.4 million from $222.1 million in the same quarter last year. Net income in the quarter declined to $7.3 million or 30 cents per diluted share compared to $21.0 million or 88 cents per share a year earlier.

CNH Global N.V. ((CNH)) increased 9.5% or $3.57 to $40.86 after the agricultural and construction equipment maker reported second quarter net sales increased 24% to $4.9 billion from $3.9 billion in the same quarter last year. Net income in the quarter swung 122% to $320 million or $1.33 per diluted share compared to $144 million or $0.59 per share a year ago.

Eaton Corporation ((ETN)) increased 2.8% or $1.44 to $52.60 after the power management company reported second quarter sales increased 21% to $4.09 billion from $3.38 billion in the same quarter last year. Net income in the quarter increased to $336 million or 97 cents per diluted share compared to $226 million or 66 cents per share a year ago.

HCA Holdings, Inc ((HCA)) slumped 15.6% or $5.41 to $29.20 after the health care and related service provider reported second quarter revenue rose 4% to $8.06 billion from $7.76 billion in the same quarter last year. Net income in the quarter decreased to $229 million or 43 cents per diluted share compared to $293 million or 67 cents per share in the prior-year quarter.

Kimberly-Clark Corporation ((KMB)) fell 0.9% or 64 cents to $67.25 after the personal care and household products maker reported second quarter net sales rose 8% to $5.3 billion from $4.8 billion in the same quarter last year. Net income in the quarter decreased 18.1% to $408 million or $1.03 per diluted share compared to $498 million or $1.20 per share in the year-ago period.

Lorillard, Inc. ((LO)) slipped 4.7% or $5.32 to $106.97 after the premium brand cigarette maker reported second quarter net sales increased 11.3% to $1.7 billion from $1.5 billion in the same quarter last year. Net income in the quarter increased to $291 million or $2.05 per diluted share compared to $263 million or $1.73 per share a year ago.

Roper Industries, Inc. ((ROP)) advanced 2.8% or $2.44 to $86.90 after the scientific technological instruments maker reported second quarter sales increased 23% to $700 million from $567 million in the same quarter last year. Net earnings in the quarter increased to $106.3 million or $1.08 per diluted share compared to $71.3 million or $0.74 per share in the year-ago period.

RPM International Inc. ((RPM)) increased 2.4% or 55 cents to $22.95 after the chemical products maker said fourth quarter net sales rose 10.9% to $981.8 million from $971.5 million in the same quarter last year. Net income in the quarter increased 14.8% to $70.2 million or 54 cents per diluted share compared to $60.5 million or 47 cents per share in the year-ago period.

Six Flags Entertainment Corporation ((SIX)) increased 1.5% or 53 cents to $35.98 after the entertainment activity provider reported second quarter revenues rose 5% to $338.7 million from $250.4 million in the same quarter last year. Net income in the quarter increased to $34.9 million or 62 cents per diluted share compared to $10.8 million or 20 cents per share a year earlier.

Silicon Laboratories Inc. ((SLAB)) slumped 11.2% or $4.69 to $37.04 after the integrated circuits maker said second quarter revenues fell to $126.2 million from $134.6 million in the same quarter last year. Net income in the quarter decreased to $13.4 million or 29 cents per diluted share compared to $21.0 million or 44 cents per share a year ago.