U.S. Movers: Cisco, Kohl

Mukesh Buch
11 Aug, 2011
New York City

Cisco Systems fourth quarter net income declined 36.3% to $1.2 billion. Kohl

[R]11:50 AM New York – Cisco Systems fourth quarter net income declined 36.3% to $1.2 billion. Kohl’s second quarter net income increased to $303 million. News Corp. fourth quarter net income decreased 22% to $683 million. Sara Lee fourth quarter net income fell to $111 million. Teekay second quarter net loss narrowed.[/R]

Of 30 the stocks in the Dow, 29 increased and 1 decreased.

Of the stocks in the Dow Jones Industrial Average, Cisco Systems, Inc. led the gainers with a rise of 16.4% followed by increase in Bank of America Corporation of 5.47%, in JPMorgan Chase & Co. of 2.91%, in Hewlett-Packard Company of 2.39%, in Johnson & Johnson of 2.24%.

The Boeing Company led the decliners with a fall of 1.34%.

Other Movers

Advance Auto Parts, Inc. ((AAP)) increased 9.7% or $4.90 to $55.01 after the automotive parts retailer reported second quarter sales rose 4.4% to $1.48 billion from $1.42 billion in the same quarter last year. Net income in the quarter increased to $113.1 million or $1.46 per diluted share compared to $100.9 million or $1.16 per share a year ago.

Brinker International, Inc. ((EAT)) increased 11.1% or $2.30 to $22.88 after the restaurant operator said fourth quarter revenues decreased 3.4% to $717.5 million from $743.1 million in the same quarter last year. Comparable restaurant sales at company-owned restaurants increased 2.6%. Net income in the quarter slipped 5.8% to $41.9 million or 49 cents per diluted share compared to $63.6 million or 62 cents per share a year earlier.

Broadridge Financial Solutions, Inc. ((BR)) rose 0.4% or 8 cents to $20.09 after the financial service provider reported fourth quarter revenues increased to $776.1 million from $750.5 million in the same quarter last year. Net earnings in the quarter increased $116.2 million or 92 cents per diluted share compared to $105.1 million or 76 cents per share in the prior-year quarter.

Cisco Systems, Inc. ((CSCO)) increased 17.9% or $2.46 to $16.19 after the communication equipments maker reported fourth quarter net sales rose 3.3% to $11.2 billion from $10.8 billion in the same quarter last year. Net income in the quarter declined 36.3% to $1.2 billion or 22 cents per diluted share compared to $1.9 billion or 33 cents per share a year ago.

Computer Sciences Corporation ((CSC)) gained 2.8% or 79 cents to $29.03 after the information technology provider reported first quarter revenues increased to $4.0 billion from $3.9 billion in the same quarter last year. Net income in the quarter increased to $183 million or $1.17 per diluted share compared to $143 million or $0.91 per share a year ago period.

EnerSys ((ENS)) slumped 18.3% or $4.02 to $17.91 after the industrial batteries maker said first quarter revenues increased 31% to $569.2 million from $435.0 million in the same quarter last year. Net earnings in the quarter increased to $33.5 million or 66 cents per diluted share compared to $23.0 million or 47 cents per share a year earlier.

Huntington Ingalls Industries Inc ((HII)) rose 0.6% or 19 cents to $28.20 after the military ships maker said second quarter revenues fell 2.9% to $1.56 billion from $1.61 billion in the same quarter last year. Net income in the quarter was $40 million or 80 cents per diluted share compared to net loss of $11 million or 23 cents per share in the prior-year quarter.

Ironwood Pharmaceuticals, Inc. ((IRWD)) increased 8.7% or $101 to $12.50 after the pharmaceutical company said second quarter revenues increased 23% to $11.3 million from $9.2 million in the same quarter last year. Net loss in the quarter widened to $18.8 million or 19 cents per diluted share compared to $17.1 million or 18 cents per share a year earlier.

Kohl’s Corporation ((KSS)) advanced 8.8% or $3.92 to $48.21 after the department stores operator reported second quarter net sales increased 3.6% to $4.25 billion from $4.10 billion in the same quarter last year. Comparable store sales for the quarter increased 1.9%.

Net income in the quarter increased to $303 million or $1.09 per diluted share compared to $260 million or $0.84 per share a year ago.

News Corporation ((NWSA)) increased 16.7% or $2.29 to $16.00 after the global media company reported fourth quarter revenues rose 10.5% to $8.96 billion from $8.11 billion in the same quarter last year. Net income in the quarter decreased 22% to $683 million or 26 cents per diluted share compared to $875 million or 33 cents per share a year ago period.

Quad/Graphics, Inc. ((QUAD)) increased 5.1% or 99 cents to $20.26 after the digital printing services provider said second quarter net sales surged to $1,070.5 million from $394.3 million in the same quarter last year. Net loss in the quarter narrowed to $10.3 million or $0.22 per diluted share compared to $35.7 million or $1.27 per share a year ago.

Sara Lee Corporation ((SLE)) decreased 2.2% or 39 cents to $16.92 after the bakery, beverage and household products reported fourth quarter net sales rose 9% to $2.3 billion from $2.1 billion in the same quarter last year. Net income in the quarter fell to $111 million or 19 cents per diluted share compared to $187 million or 28 cents per share a year earlier.

Spectrum Brands Holdings, Inc. ((SPB)) increased 11.8% or $2.45 to $23.15 after the consumer products maker said third quarter net sales increased 23.1% to $804.6 million from $653.5 million in the same quarter last year. Net income in the quarter swung to $28.6 million or $0.56 per diluted share compared to net loss of $86.5 million or $2.53 per share a year ago period.

Royal Gold, Inc. ((RGLD)) decreased 1% or 70 cents to $68.08 after the precious metals managing company reported fourth quarter revenues increased to $216.5 million from $136.6 million in the same quarter last year. Net earnings in the quarter increased $71.4 million or $1.29 per diluted share compared to $21.5 million or $0.49 per share in the prior-year quarter.

Teekay Corporation ((TK)) increased 5.5% or $1.20 to $23.02 after the marine transportation service provider reported second quarter revenues decreased to $484.9 million from $552.2 million in the same quarter last year. Net loss in the quarter narrowed to $96.4 million or $1.36 per diluted share compared to $153.1 million or $2.10 per share a year earlier.

The Wendy’s Company ((WEN)) increased 5.2% or 24 cents to $4.79 after the restaurant operator said second quarter revenues increased to $622.5 million from $607.4 million in the same quarter last year. Net income in the quarter rose to $11.3 million or 3 cents per diluted share compared to $10.7 million or 3 cents per share a year ago period.