U.S. Movers: Amazon, Boeing, ConocoPhillips, Juniper, Norfolk, Zimmer

Mukesh Buch
27 Jul, 2011
New York City

Aetna second quarter net income increased 9% to $536 million. Amazon.com second quarter net income decreased 8% to $191 million. ConocoPhillips quarterly net income declined to $3.4 billion. Boeing second quarter net income increased 20% to $941 million.

[R]12:20 PM New York – Aetna second quarter net income increased 9% to $536 million. Amazon.com second quarter net income decreased 8% to $191 million. ConocoPhillips quarterly net income declined to $3.4 billion. Boeing second quarter net income increased 20% to $941 million.[/R]

Of 30 the stocks in the Dow, 3 increased and 27 decreased.

Of the stocks in the Dow Jones Industrial Average, Boeing Company led the gainers with a rise of 3% followed by increase in AT&T Inc. of 0.5%, in Verizon Communications Inc. of 0.06%.

Cisco Systems, Inc. led the decliners with a fall of 2.85%, followed by decline in Alcoa Inc. of 2.44%, in Caterpillar Inc. of 2.40%, in E. I. du Pont de Nemours and Company of 2.05%, in 3M Company of 1.86%.

Other Movers

Aetna Inc. ((AET)) fell 0.1% or 8 cents to $42.54 after the health care benefits company reported second quarter revenue fell 2% to $8.3 billion from $8.5 billion in the same quarter last year. Net income in the quarter rose 9% to $536.7 million or $1.39 per diluted share compared to $491.0 million or $1.14 per share a year ago.

ACE Limited ((ACE)) gained 3.4% or $2.26 to $68.14 after the Switzerland based insurance and reinsurance reported second quarter gross premiums written increased to $5.42 billion from $5.15 billion in the same quarter last year. Net income in the quarter decreased to $607 million or $1.77 per diluted share compared to $677 million or $1.98 per share in the year-ago period.

Amazon.com, Inc. ((AMZN)) increased 4.9% or $10.59 to $224.77 after the online retailer reported second quarter net sales soared 51% to $9.91 billion from $6.57 billion in the same quarter last year. Net income in the quarter decreased 8% to $191 million or 41 cents per diluted share compared to $207 million or 45 cents per share in the prior-year quarter.

ConocoPhillips ((COP)) rose 0.1% or 14 cents to $73.75 after the energy company reported second quarter revenue soared to $67.0 billion from $50.1 billion in the same quarter last year. Net income in the quarter declined to $3.4 billion or $2.41 per diluted share compared to $4.1 billion or $2.77 per share a year ago.

Corning Inc. ((GLW)) decreased 5.9% or $1.02 to $16.27 after the personal and household products maker reported second quarter sales increased 17% to $2 billion from $1.7 billion in the same quarter last year. Net income in the quarter decreased 17% to $755 million or 47 cents per diluted share compared to $913 million or 58 cents per share a year earlier.

Delta Air Lines, Inc. ((DAL)) decreased 1.7% or 34 cents to $18.71 after the airline company reported second quarter revenue increased 12% to $9.1 billion from $8.2 billion in the same quarter last year. Net income in the quarter declined 58% to $198 million or 23 cents per diluted share compared to $467 million or 55 cents per share a year ago.

Energizer Holdings, Inc. ((ENR)) advanced 5.2% or $4.08 to $82 after the batteries, portable lighting and personal care products maker reported third quarter net sales rose 8.1% to $1.23 billion from $1.07 billion in the same quarter last year. Net earnings in the quarter decreased to $65.9 million or $0.94 per diluted share compared to $104.0 million or $1.47 per share in the prior-year quarter.

Exelon Corporation ((EXC)) increased 2% or 91 cents to $45.12 after the electricity services provider reported second quarter sales increased to $4.6 billion from $4.4 billion in the same quarter last year. Net income in the quarter increased to $620 million or 93 cents per diluted share compared to $445 million or 67 cents per share a year earlier.

Electronic Arts Inc. ((ERTS)) fell 0.8% or 19 cents to $23.60 after the game software maker said first quarter revenue increased to $999 million from $815 million in the same quarter last year. Net income in the quarter soared to $221 million or 66 cents per diluted share compared to $96 million or 29 cents per share a year ago.

Gilead Sciences, Inc. ((GILD)) increased 1.8% or 75 cents to $42.91 after the biopharmaceutical company reported second quarter total revenues increased 11% to $2.14 billion from $1.93 billion in the same quarter last year. Net income in the quarter increased to $746.2 million or 93 cents per diluted share compared to $712.1 million or 79 cents per share in the prior-year quarter.

Hospira, Inc. ((HSP)) increased 1.7% or 91 cents to $53.01 after the pharmaceutical and medication delivery company reported second quarter net sales increased 9.9% to $1.06 billion from $0.97 billion in the same quarter last year. Net income in the quarter surged 72% to $143.6 million or 85 cents per diluted share compared to $83.5 million or 49 cents per share a year earlier.

Illumina, Inc. ((ILMN)) slumped 13.4% or $9.38 to $60.27 after the life science tools maker reported second quarter revenue increased 36% to $287.5 million from $212.0 million in the same quarter last year. Net income in the quarter rose to $30.6 million or 22 cents per diluted share compared to $29.8 million or 21 cents per share a year earlier.

Juniper Networks, Inc. ((JNPR)) slumped 19.4% or $6.05 to $25.12 after the communications equipments maker reported second quarter revenue increased 15% to $1.12 billion from $0.98 billion in the same quarter last year. Net income in the quarter fell to $115.5 million or 21 cents per diluted share compared to $130.5 million or 24 cents per share a year ago.

Las Vegas Sands Corp. ((LVS)) gained 3.3% or $1.57 to $47.87 after the casinos and gaming company reported second quarter net revenues soared 47.1% to $2.35 billion from $1.59 billion in the same quarter last year. Net income in the quarter swung to $367.6 million or 45 cents per diluted share compared to net loss of $4.7 million or 1 cent per share in the prior-year quarter.

Moody’s Corporation ((MCO)) slipped 4.3% or $1.62 to $35.80 after the credit ratings company reported second quarter revenue increased 27% to $605.2 million from $477.8 million in the same quarter last year. Net income in the quarter rose to $189 million or 82 cents per diluted share compared to $121 million or 51 cents per share a year earlier.

Northrop Grumman Corporation ((NOC)) decreased 2.6% or $1.76 to $63.64 after the aerospace and defense security provider reported second quarter total sales decreased to $6.56 billion from $7.26 billion in the same quarter last year. Net earnings in the quarter decreased to $520 million or $1.81 per diluted share compared to $711 million or $2.34 per share in the prior-year quarter.

Norfolk Southern Corporation ((NSC)) increased 3% or $2.30 to $77.85 after the railroad company reported second quarter revenues rose 18% to $2.9 billion from $2.4 billion in the same quarter last year. Net income in the quarter increased to $557 million or $1.56 per diluted share compared to $392 million or $1.04 per share a year earlier.

NextEra Energy, Inc. ((NEE)) increased 1.2% or 72 cents to $56.64 after the electric power company reported second quarter revenue increased to $3.96 billion from $3.59 billion in the same quarter last year. Net income in the quarter declined to $417 million or $1.11 per diluted share compared to $848 million or $2.13 per share a year ago.

Occidental Petroleum Corporation ((OXY)) decreased 3.1% or $3.34 to $101.47 after the oil and gas company reported second quarter net sales rose to $6.17 billion from $4.60 billion in the same quarter last year. Net income in the quarter increased to $1.82 billion or $2.23 per diluted share compared to $1.06 billion or $1.31 per share a year earlier.

Praxair, Inc. ((PX)) decreased 1.4% or $1.55 to $102.37 after the industrial gas supplier reported second quarter net sales increased 13% to $2.86 billion from $2.53 billion in the same quarter last year. Net income in the quarter rose 16% to $425 million or $1.38 per diluted share compared to $371 million or $1.19 per share in the prior-year quarter.

P.F. Chang’s China Bistro, Inc. ((PFCB)) decreased 13% or $5.12 to $34.13 after the restaurants operator reported second quarter total revenue edged down to $311.0 million from $312.8 million in the same quarter last year. Comparable store sales fell 2.5% at the Bistro and 2.7% at Pei Wei. Net income in the quarter decreased to $9.1 million or 40 cents per diluted share compared to $12.7 million or 55 cents per share a year ago.

Ryder System, Inc. ((R)) gained 3.6% or $2.10 to $59.75 after the transportation company reported second quarter revenue rose 18% to $1.51 billion from $1.29 billion in the same quarter last year. Net earnings in the quarter increased to $40 million or 77 cents per diluted share compared to $29.8 million or 56 cents per share a year ago.

The Southern Company ((SO)) fell 0.2% or 9 cents to $40.17 after the power company reported second quarter revenues increased 7.5% to $4.52 billion from $4.21 billion in the same quarter last year. Net earnings in the quarter increased to $603.3 million or 71 cents per diluted share compared to $510.2 million or 62 cents per share in the prior-year quarter.

The Boeing Company ((BA)) advanced 4.3% or $3.02 to $73.18 after the aerospace company reported second quarter revenues rose 6% to $16.5 billion from $15.6 billion in the same quarter last year. Net income in the quarter increased 20% to $941 million or $1.25 per diluted share compared to $787 million or $1.06 per share a year earlier.

The Dow Chemical Company ((DOW)) rose 0.1% or 4 cents to $35.89 after the diversified manufacturer and supplier reported second quarter net sales increased to $16 billion from $13.6 billion in the same quarter last year. Net income in the quarter increased to $982 million or 84 cents per diluted share compared to $566 million or 50 cents per share a year earlier.

The NASDAQ OMX Group, Inc. ((NDAQ)) decreased 3.2% or 80 cents to $23.48 after the trading, exchange operator reported second quarter revenue decreased to $422 million from $496 million in the same quarter last year. Net income in the quarter decreased to $92 million or 51 cents per diluted share compared to $96 million or 46 cents per share a year ago.

The Lubrizol Corporation ((LZ)) rose 0.1% or 1 cent to $134.66 after the specialty chemical maker reported second quarter revenues increased 17% to $1.63 billion from $1.40 billion in the same quarter last year. Net income in the quarter decreased to $191.3 million or $2.90 per diluted share compared to $201.4 million or $2.88 per share a year ago.

WellPoint, Inc. ((WLP)) decreased 4.1% or $3.06 to $70.50 after the health benefits company reported second quarter revenue increased 4.8% to $14.9 billion from $14.2 billion in the same quarter last year. Net income in the quarter decreased 2.9% to $701.6 million or $1.89 per diluted share compared to $722.4 million or $1.71 per share a year ago.

Wyndham Worldwide Corporation ((WYN)) increased 3.6% or $1.24 to $35.41 after the hospitality company said second quarter revenues increased 13% to $1.1 billion from $0.96 billion in the same quarter last year. Net income in the quarter increased to $114 million or 67 cents per diluted share compared to $95 million or 51 cents per share a year ago.

Zimmer Holdings, Inc. ((ZMH)) rose 0.5% or 34 cents to $61.92 after the medical and surgical equipments maker reported second quarter sales increased 8% to $1.14 billion from $1.06 billion in the same quarter last year. Net income in the quarter rose 23% to $203.8 million or $1.06 per diluted share compared to $165.5 million or $0.82 per share a year ago.