U.S. Movers: Aruba, Micros, OmniVision, Pandora, Tiffany

Mukesh Buch
26 Aug, 2011
New York City

Aruba fourth quarter net income rose to $68.2 million. Micros fourth quarter net income soared 22.6% to $41.5 million. Royal Bank of Canada reported third quarter net loss of C$156 million. Tiffany second quarter net earnings increased 33% to $90.04 million.

[R]11:15 AM New York � Aruba fourth quarter net income rose to $68.2 million. Micros fourth quarter net income soared 22.6% to $41.5 million. Royal Bank of Canada reported third quarter net loss of C$156 million. Tiffany second quarter net earnings increased 33% to $90.04 million.[/R]

Of 30 the stocks in the Dow, 13 increased and 16 decreased and 1 unchanged.

Of the stocks in the Dow Jones Industrial Average, Intel Corporation led the gainers with a rise of 1.8% followed by increase in Microsoft Corporation of 1.5%, in Cisco Systems, Inc. of 1.3%, in International Business Machines Corporation of 1%, in The Home Depot, Inc. of 1%.

Bank of America Corporation led the decliners with a fall of 1.9%, followed by decline in Johnson & Johnson of 1.5%, in The Procter & Gamble Company of 1.2%, in Merck & Co., Inc. of 1.2%, in AT&T Inc. of 1%.

Other Movers

Aruba Networks, Inc. ((ARUN)) soared 15.2% or $2.62 to $19.76 after the networking equipment maker reported fourth quarter revenue surged 47% to $113.8 million from $77.3 million a year ago. Net income in the quarter soared to $68.2 million or 57 cents per diluted share compared to net income of $0.4 million or $0.00 per share in the year ago period.

Dollar Financial Corp. ((DLLR)) increased 10.9% or $2.09 to $21.19 after the financial services company said fourth quarter total revenue increased 24.5% to $233.9 million from $163.8 million in the same quarter last year. Net income in the quarter increased to $17.9 million or 40 cents per diluted share compared to net loss of $5.1 million or 14 cents per share a year ago.

Krispy Kreme Doughnuts, Inc. ((KKD)) advanced 11.4% or 90 cents to $8.74 after the retailer and wholesaler said second quarter revenue increased 11% to $98 million from $87.9 million in the same quarter last year. Company�s same store sales increased 2.5%. Net income in the quarter soared to $8.8 million or 12 cents per diluted share compared to $2.2 million or 3 cents per share in the year-ago quarter.

Krispy Kreme signed new development agreements with its Japanese franchisee, Krispy Kreme Doughnut Japan Co., Ltd., which the franchisee agreed to build 73 new locations in the Kanto, Kansai and Chubu regions of Japan over the next five years.

Micros Systems, Inc. ((MCRS)) increased 9.4% or $3.87 to $44.89 after the information solutions provider said fourth quarter revenue increased 10.4% to $274.1 million from $248.2 million a year ago. Net income in the quarter soared 22.6% to $41.5 million or 50 cents per diluted share compared to $33.9 million or 42 cents per share a year ago earlier.

OmniVision Technologies, Inc. ((OVTI)) tumbled 31.8% or $7.90 to $16.91 after the digital imaging products maker said first quarter sales soared 43% to $276.0 million, from $193.0 million reported last year. Net earnings in the quarter gained 147% to $42 million or 68 cents per diluted share compared to net earnings of $17 million or 30 cents per share last year.

Pandora Media, Inc. ((P)) increased 9.2% or $1.15 to $13.62 after the Internet based radio service provider stated second quarter revenues soared 117% to $67 million from $30.8 million in the year-ago quarter. Net loss in the quarter widened 700% to $3.2 million compared to a net loss of $0.4 million in the year-ago period.

Royal Bank of Canada ((RY)) decreased 2.4% or $1.25 to $50.02 after the Canada based financial services company reported third quarter total revenue rose to C$6.79 billion from C$6.66 million in the same quarter last year. Net loss in the quarter was C$156 million or 11 cents per diluted share compared to net income of C$1,211 million or 84 cents per share a year ago.

The Madison Square Garden Company ((MSG)) fell 0.9% or 21 cents to $22.63 after the entertainment and media company reported second quarter revenue increased to $233.9 million from $227.1 million a year ago. Net income in the quarter slipped to $8.5 million or 11 cents per diluted share compared to $14.0 million or 18 cents per share a year ago earlier.

Tiffany & Co. ((TIF)) increased 7.2% or $4.59 to $67.70 after the jewellery retailer reported second quarter net sales soared 30% to $872.71 million from $668.76 million in the prior year on comparable store sales rise of 28%. Net earnings in the quarter increased 33% to $90.04 million or 69 cents per diluted share compared to net earnings of $67.68 million or 53 cents per share last year.