U.S. Movers: ABM Industries, Caliper Life, Kroger, Texas Instruments

Mukesh Buch
09 Sep, 2011
New York City

ABM Industries third quarter net income soared 33% to $27.9 million. Caliper Life Sciences said PerkinElmer agreed to acquire for $600 million in cash. Kroger second quarter net earnings rose 1.3% to $280.8 million. Texas Instruments reported third-quarter revenue may fall.

[R]11:45 AM New York – ABM Industries third quarter net income soared 33% to $27.9 million. Caliper Life Sciences said PerkinElmer agreed to acquire for $600 million in cash. Kroger second quarter net earnings rose 1.3% to $280.8 million. Texas Instruments reported third-quarter revenue may fall.[/R]

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

Of the stocks in the Dow Jones Industrial Average, Intel Corporation led the gainers with a rise of 0.9% followed by increase in Microsoft Corporation of 2.1%, in Kraft Foods Inc. of 1.2%, in International Business Machines Corporation of 1%, in American Express Company of 0.9%.

McDonald’s Corporation led the decliners with a fall of 4.1%, followed by decline in JPMorgan Chase & Co. of 2.6%, in Hewlett-Packard Company of 2.4%, in 3M Company of 2.1%, in Kraft Foods Inc. of 2.1%.

Other Movers

ABM Industries Inc. ((ABM)) decreased 5.3% or $1.07 to $18.77 after facility service provider reported third quarter revenues increased 23.8% to $1,076.2 million from $869.0 million in the same quarter last year. Net income in the quarter soared 33% to $27.9 million or 51 cents per diluted share compared to $21.0 million or 40 cents per share a year ago.

The company today announced the successful completion of amendment and extension of its existing $650 million senior unsecured credit facility was extended from November 30, 2015 to September 8, 2016.

Caliper Life Sciences, Inc. ((CALP)) fell 0.1% or 1 cents to $10.42 after the life sciences application provider said PerkinElmer, Inc. ((PKI)) has agreed to acquire Caliper Life Sciences, for $10.50 per share. Total purchase price of about $600 million in cash.

Korn/Ferry International ((KFY)) slumped 11.3% or $1.70 to $13.29 after the business services provider said first quarter total revenue climbed 17% to $214.6 million from $183.2 million in the same quarter last year. Net income in the quarter rose to $15.4 million or 33 cents per diluted share compared to $10.9 million or 24 cents per share a year ago period.

National Beverage Corp ((FIZZ)) slipped 1.6% or 27 cents to $15.69 after the beverage products maker said first quarter net sales rose 2.5% to $169 million compared to $165 million in the same quarter last year. Net income in the quarter rose to $13.4 million or 29 cents per diluted share compared to $12 million or 26 cents per share a year ago earlier.

Piedmont Natural Gas Company, Inc. ((PNY)) decreased 1.9% or 61 cents to $30.48 after the energy services company reported third quarter revenue decreased 7% to $197.3 million from $211.6 million in the same quarter last year. Net loss in the quarter narrowed to $8.7 million or 12 cents per diluted share compared to $9.5 million or 13 cents per share a year ago period.

The Kroger Co. ((KR)) decreased 6.9% or $1.62 to $21.73 after the grocery retailer reported second quarter total sales increased 11.5% to $20.9 billion compared to $18.8 billion in the same quarter last year. Net earnings in the quarter increased 1.3% to $280.8 million or 46 cents per diluted share compared to $261.6 million or 41 cents per share a year ago.

Texas Instruments Incorporated ((TXN)) increased 1.2% or 31 cents to $26.11 after the analog chip maker said third-quarter revenue may fall in the range of $3.23 to 3.37 billion compared to earlier forecast of $3.40 to 3.70 billion and earnings per share between $0.56 and 0.60 compared to prior range of $0.55 to 0.65.

Urstadt Biddle Properties Inc ((UBA)) decreased 1% or 18 cents to $16.32 after the real estate investment trust said third quarter total revenue edged up to $21.9 million from $21.8 million in the same quarter last year. Net income in the quarter fell to $4.2 million or 15 cents per diluted share compared to $4.5 million or 18 cents per share a year ago period.

Ulta Salon, Cosmetics & Fragrance, Inc. ((ULTA)) soared 10.4% or $6.23 to $65.99 after the specialty retailer reported second quarter net sales increased 22.6% to $394.6 million compared to $321.8 million in the same quarter last year. Comparable store sales increased 11.3%.

Net income in the quarter soared 83% to $23.9 million or 38 cents per diluted share compared to $13.1 million or 22 cents per share a year ago earlier.