U.S. Movers: Agilent, Dick

Mukesh Buch
16 Aug, 2011
New York City

Agilent third quarter net income soared 61% to $330 million. Saks second quarter net loss narrowed 1.2% to $8.4 million. Home Depot second quarter net earnings increased 14.3% to $1.4 billion. Wal-Mart second quarter net income increased 5.7% to $3.80 billion.

[R]11:15 AM New York – Agilent third quarter net income soared 61% to $330 million. Saks second quarter net loss narrowed 1.2% to $8.4 million. Home Depot second quarter net earnings increased 14.3% to $1.4 billion. Wal-Mart second quarter net income increased 5.7% to $3.80 billion.[/R]

Of 30 the stocks in the Dow, 4 increased and 25 decreased and 1 unchanged.

Of the stocks in the Dow Jones Industrial Average, The Home Depot, Inc. led the gainers with a rise of 5.47% followed by increase in Wal-Mart Stores, Inc. of 3.66%, in Hewlett-Packard Company of 0.96%, in United Technologies Corporation of 0.04%, in Microsoft Corporation of 0.00%.

Bank of America Corporation led the decliners with a fall of 2.90%, followed by decline in The Walt Disney Company of 1.81%, in 3M Company of 1.69%, in Caterpillar Inc. of 1.67%, in General Electric Company of 1.65%.

Other Movers

Agilent Technologies, Inc. ((A)) fell 0.4% or 19 cents to $37.31 after the electronic measurement solution provider reported third quarter revenues increased 22% to $1.69 billion from $1.38 billion in the same quarter last year. Net income in the quarter soared 61% to $330 million or 92 cents per diluted share compared to $205 million or 58 cents per share a year earlier.

Dick’s Sporting Goods, Inc. ((DKS)) slipped 2.4% or 82 cents to $32.10 after the sports goods retailer reported second quarter net sales increased 6.6% to $1.3 billion from $1.0 billion a prior year. Consolidated same store sales increased 2.5%. Net income in the quarter increased 5.65% to $73.8 million or 59 cents per diluted share compared to $51.5 million or 43 cents per share a year ago.

Elbit Systems Ltd. ((ESLT)) decreased 3.8% or $1.66 to $41.68 after the Israel based defense electronics system provider said second quarter revenue increased to $691.6 million from $603.3 million in the same quarter last year. Net income in the quarter fell 5.6% to $38.9 million or 90 cents per diluted share compared to $44.8 million or $1.04 per share for the year-ago quarter.

Perrigo Company ((PRGO)) fell 0.5% or 46 cents to $87.92 after the healthcare products supplier reported fourth quarter net sales increased 14% to $704.6 million from $619.8 million in the same quarter last year. Net income in the quarter soared 75% to $85.6 million or 91 cents per diluted share compared to $49.0 million or 53 cents per share a year ago period.

Saks Inc. ((SKS)) slipped 3% or 28 cents to $8.79 after the fashion retailer reported second quarter net sales rose to $670.2 million from $593.1 million in the comparable period on comparable store sales increased of 15.5%.

Net loss in the quarter narrowed 1.2% to $8.4 million or 5 cents per diluted share compared to $32.2 million or 21 cents per share last year.

The Home Depot, Inc. ((HD)) increased 4.6% or $1.46 to $32.92 after the home improvement retailer reported second quarter sales increased 4.2% to $20.2 billion from $19.4 billion in the same quarter last year. Comparable store sales in the quarter increased 4.3%.

Net earnings in the quarter increased 14.3% to $1.4 billion or 86 cents per diluted share compared to $1.2 billion or 72 cents per share a year earlier.

The TJX Companies, Inc. ((TJX)) rose 0.6% or 34 cents to $53.93 after the off-price apparel and home fashions retailer reported second quarter net sales increased 8% to $5.5 billion from $5.1 billion in the same quarter last year. Consolidated comparable store sales increased 4%.

Net income in the quarter increased to $348 million or 90 cents per diluted share compared to $305 million or 74 cents per share a year ago.

Towers Watson & Co. ((TW)) decreased 2.3% or $1.34 to $54.91 after the consultation service provider reported fourth quarter revenues increased 14% to $851 million from $750 million in the same quarter last year. Net income in the quarter decreased to $44 million or 59 cents per diluted share compared to $58 million or 77 cents per share a year ago.

Wal-Mart Stores, Inc. ((WMT)) gained 3.7% or $1.89 to $51.87 after the retail stores operator reported second quarter net sales increased 5.5% to $108.6 billion from $103.0 billion in the same quarter last year.

Net income in the quarter increased 5.7% to $3.80 billion or $1.09 per diluted share compared to $3.60 billion or $0.97 per share a year ago.