U.S. Movers: American Tower, Cognizant, Hyatt, Pfizer, Parker-Hannifin

Mukesh Buch
02 Aug, 2011
New York City

American Tower second quarter net income rose to $115.2 million. Cognizant second quarter net income rose to $208.0 million. Duke Energy second quarter net income swung to $435 million. Pfizer second quarter net income increased 5% to $2.61 billion.

[R]11:45 AM New York – American Tower second quarter net income rose to $115.2 million. Cognizant second quarter net income rose to $208.0 million. Duke Energy second quarter net income swung to $435 million. Pfizer second quarter net income increased 5% to $2.61 billion.[/R]

Of 30 the stocks in the Dow, 4 increased and 26 decreased.

Of the stocks in the Dow Jones Industrial Average, International Business Machines led the gainers with a rise of 0.48% followed by increase in 3M Company of 0.28%, in Kraft Foods Inc. of 0.15%, in The Travelers Companies, Inc. of 0.15%.

Pfizer Inc. led the decliners with a fall of 2.42%, followed by decline in General Electric Company of 2.23%, in Merck & Co., Inc. of 2.06%, in United Technologies Corporation of 1.24%, in AT&T Inc. of 1.15%.

Other Movers

Archer Daniels Midland Company ((ADM)) decreased 3.8% or $1.18 to $29.30 after the food processing company reported fourth quarter sales rose 45.6% to $22.87 billion from $15.70 billion in the same quarter last year. Net earnings in the quarter decreased to $381 million or 58 cent per diluted share compared to $446 million or 69 cents per share a year ago.

American Tower Corporation ((AMT)) fell 0.8% or 42 cents to $52.08 after the communications infrastructure reported second quarter revenue increased 27.1% to $597.2 million from $469.9 million in the same quarter last year. Net income in the quarter increased to $115.2 million or 29 cents per diluted share compared to $99.6 million or 25 cents per share a year earlier.

Becton, Dickinson and Company ((BDX)) decreased 1.4% or $1.17 to $81.13 after the medical devices maker reported third quarter revenue rose 10% to $2.01 billion from $1.83 billion in the same quarter last year. Net income in the quarter increased 11.8% to $343.1 million or $1.53 per diluted share compared to $306.9 million or $1.29 per share in the prior-year quarter.

On July 27, the company signed definitive agreement to acquire a Swedish company Carmel Pharma, AB. The acquisition is expected to close prior to end of this year.

Bridgepoint Education, Inc. ((BPI)) slumped 8.3% or $2.08 to $22.96 after the education service provider said second quarter revenue increased to $239.9 million from $173.8 million in the same quarter last year. Net income in the quarter increased to $52.1 million or 90 cents per diluted share compared to $35.3 million or 58 cents per share a year ago.

Coach, Inc. ((COH)) slipped 5.4% or $3.55 to $61.74 after the leather accessories and products marketer reported fourth quarter sales rose 17% to $1.03 billion from $0.95 billion in the same quarter last year. Net income in the quarter increased to $202.5 million or 68 cent per diluted share compared to $195.5 million or 64 cents per share a year ago.

Cognizant Technology Solutions Corporation ((CTSH)) increased 2.6% or $1.90 to $72.59 after the information technology provider reported second quarter revenue rose 34.4% to $1.5 billion from $1.1 billion in the same quarter last year. Net income in the quarter increased to $208.0 million or 67 cents per diluted share compared to $172.2 million or 56 cents per share in the prior-year quarter.

Duke Energy Corporation ((DUK)) fell 0.2% or 5 cents to $18.65 after the energy company reported second quarter revenues increased to $3.5 billion from $3.3 billion in the same quarter last year. Net income in the quarter swung to $435 million or 33 cents per diluted share compared to net loss of $222 million or 17 cents per share a year ago.

Emerson Electric Co. ((EMR)) decreased 1.2% or 60 cents to $48.48 after the engineering technology company reported third quarter sales rose 16% to $6.3 billion from $5.4 billion in the same quarter last year. Net earnings in the quarter increased 17% to $585 million or 77 cent per diluted share compared to $683 million or 90 cents per share a year earlier.

Fresh Del Monte Produce Inc. ((FDP)) decreased 1.5% or 38 cents to $24.26 after the holding company said second quarter revenue rose to $1.04 billion from $1.00 billion in the same quarter last year. Net income in the quarter increased to $35.2 million or 59 cents per diluted share compared to $21.1 million or 34 cents per share in the prior-year quarter.

FMC Corporation ((FMC)) decreased 4.1% or $3.63 to $84.80 after the chemical company reported second quarter revenue increased 9% to $812.2 million from $776.8 million in the same quarter last year. Net income in the quarter increased to $107.2 million or $1.49 per diluted share compared to $65.7 million or $0.90 per share a year earlier.

Gartner, Inc. ((IT)) increased 2% or 78 cents to $38.12 after the research and advisory company reported second quarter total revenue increased 16% to $365.5 million from $314.2 million in the same quarter last year. Net income in the quarter increased 60% to $32.2 million or 32 cents per diluted share compared to $20.1 million or 20 cents per share a year ago.

Henry Schein, Inc. ((HSIC)) decreased 1.2% or 81 cents to $66.00 after the healthcare products and service provider reported second quarter revenue rose 15.2% to $2.13 billion from $1.85 billion in the same quarter last year. Net income in the quarter increased 12.5% to $94.5 million or $1.01 per diluted share compared to $84.0 million or $0.90 per share in the prior-year quarter.

Hyatt Hotels Corporation ((H)) decreased 1% or 40 cents to $38.36 after the hospitality company reported second quarter total revenues rose to $936 million from $889 million in the same quarter last year. Net income in the quarter rose to $37 million or 22 cents per diluted share compared to $25 million or 14 cents per share a year ago.

MEDNAX, Inc. ((MTOR)) slumped 17.5% or $2.40 to $11.31 after the physician service provider said third quarter sales increased 33% to $1.29 billion from $0.97 billion in the same quarter last year. Net income in the quarter was $17 million or 18 cents per diluted share compared to net loss $3 million or 3 cents per share a year ago.

NYSE Euronext ((NYX)) decreased 2.5% or 84 cents to $32.16 after the trading technology provider reported second quarter net revenue declined to $1.09 billion from $1.25 billion in the same quarter last year. Net income in the quarter decreased to $160 million or 61 cents per diluted share compared to $167 million or 64 cents per share a year ago period.

Och-Ziff Capital Management Group LLC ((OZM)) rose 0.3% or 4 cents to $12.33 after the investment services said second quarter total revenues increased to $147.3 million from $123.9 million in the same quarter last year. Net loss in the quarter was $93.4 million or $0.96 per diluted share compared to $89.4 million or $1.05 per share a year ago period.

Pfizer Inc ((PFE)) decreased 1.8% or 36 cents to $18.65 after the biopharmaceutical company reported second quarter revenue declined 1% to $17 billion from $17.1 billion in the same quarter last year. Net income in the quarter increased 5% to $2.61 billion or 33 cents per diluted share compared to $2.48 billion or 31 cents per share a year ago.

Parker-Hannifin Corporation ((PH)) slumped 7.4% or $5.79 to $71.67 after the electromechanical controls and components maker reported fourth quarter net sales increased 22.4% to $3.4 billion from $2.8 billion in the same quarter last year. Net income in the quarter increased to $292.2 million or $1.79 per diluted share compared to $222.1 million or $1.35 per share a year ago.

Pinnacle West Capital Corporation ((PNW)) fell 0.9% or 41 cents to $41.74 after the electricity businesses provider reported second quarter total revenue declined to $799.8 million from $802.8 million in the same quarter last year. Net income in the quarter decreased to $86.7 million or $0.79 per diluted share compared to $114.8 million or $1.07 per share a year ago.

Sirius XM Radio Inc. ((SIRI)) rose 1.8% or 4 cents to $2.15 after the broadcasting and cable TV company reported second quarter revenues increased 6% to $744 million from $700 million in the same quarter last year. Net income in the quarter rose to $173.3 million or 5 cents per diluted share compared to $15.3 million or break even per share a year earlier.

SM Energy Company ((SM)) increased 10.4% or $7.92 to $83.48 after the energy company reported second quarter revenues increased to $377.9 million from $211.7 million in the same quarter last year. Net income in the quarter rose to $124.5 million or $1.86 per diluted share compared to $18.1 million or $0.28 per share a year ago.

The Warnaco Group, Inc. ((WG)) rose 0.3% or 3 cents to $9.12 after the apparel and swimwear maker said second quarter revenues increased to $458.3 million from $247.3 million in the same quarter last year. Net loss in the quarter was $3.33 million or 7 cents per diluted share compared to net income $8.63 million or 22 cents per share a year earlier.