U.S. Movers: AOL, Comcast, Devon Energy, MasterCard, Time Warner

Mukesh Buch
02 Nov, 2011
New York City

AOL reported third quarter net loss of $2.6 million. Comcast third quarter net increased to $908 million. Devon Energy third quarter net declined to $1.04 billion. MasterCard third quarter net increased to $717 million. Time Warner third quarter net soared to $822 million.

[R]11:20 PM New York – AOL reported third quarter net loss of $2.6 million. Comcast third quarter net increased to $908 million. Devon Energy third quarter net declined to $1.04 billion. MasterCard third quarter net increased to $717 million. Time Warner third quarter net soared to $822 million.[/R]

AOL Inc. ((AOL)) increased 11.3% or $1.52 to $14.87 after the web services provider said third quarter total revenues fell 6% to $531.7 million from $564.2 million in the year ago quarter. Net loss in the quarter was $2.6 million or $0.02 per diluted share compared to net income of $171.6 million or $1.61 per share a year ago period.

Becton, Dickinson and Company ((BDX)) decreased 5.1% or $3.90 to $72.20 after the medical equipments maker reported fourth quarter revenue rose 9.5% to $2.05 billion from $1.87 billion in the year-ago quarter. Net income in the quarter declined 24.4% to $300.0 million or $1.36 per diluted share compared to $396.7 million or $1.68 per share in the year ago earlier.

Comcast Corporation ((CMCSA)) increased 2% or 46 cents to $23.44 after the cable video, Internet and phone service provider reported third quarter revenue surged 51.1% to $14.3 billion from $9.5 billion in the year ago quarter. Net income in the quarter increased to $908 million or 33 cents per diluted share compared to $867 million or 31 cents per share in the year ago.

Cognizant Technology Solutions Corporation ((CTSH)) fell 0.5% or 39 cents to $70.53 after the outsource service provider reported third quarter revenue soared 31.6% to $1.60 billion from $1.22 billion in the year ago quarter. Net income in the quarter increased to $227.1 million or 73 cents per diluted share compared to $203.7 million or 66 cents per share in the year ago quarter.

CF Industries Holdings, Inc. ((CF)) increased 5.9% or $9.36 to $167.99 after the fertilizer products maker reported third quarter revenue grew to $1.40 billion from $0.92 billion in the year-ago quarter. Net income in the quarter surged to $330.9 million or $4.73 per diluted share compared to $48.2 million or $0.67 per share in the year ago earlier.

Devon Energy Corporation ((DVN)) advanced 6.3% or $3.97 to $66.38 after the energy company reported third quarter revenue increased to $3.50 billion from $2.35 billion in the year ago quarter. Net earnings in the quarter decreased to $1.04 billion or $2.50 per diluted share compared to $2.09 billion or $4.79 per share in the year ago.

Discovery Communications Inc ((DISCA)) increased 3.6% or $1.55 to $43.82 after the media and entertainment company reported third quarter revenue increased 18% to $1.09 billion from $0.93 billion in the year-ago quarter. Net income in the quarter soared to $237 million or 59 cents per diluted share compared to $186 million or 43 cents per share in the year ago earlier.

FirstEnergy Corp. ((FE)) increased 2% or 90 cents to $45.88 after the electric utility company reported third quarter total revenues grew to $4.72 billion from $3.73 billion in the year ago quarter. Net earnings in the quarter surged to $511 million or $1.22 per diluted share compared to $179 million or $0.59 per share a year ago period.

Fiserv, Inc. ((FISV)) fell 0.4% or 24 cents to $56.89 after the financial technology services provider reported third quarter total revenue edged up to $1.06 billion from $1.03 billion in the year-ago quarter. Net income in the quarter fell to $127 million or 89 cents per diluted share compared to $132 million or 87 cents per share in the year ago earlier.

Hyatt Hotels Corporation ((H)) increased 10.5% or $3.75 to $39.15 after the hospitality company reported third quarter total revenue increased to $897 million from $879 million in the year ago quarter. Net income in the quarter decreased to $14 million or 8 cents per diluted share compared to $30 million or 17 cents per share in the year ago quarter.

IntercontinentalExchange, Inc. ((ICE)) fell 5 cents $123.21 after the trading exchange operator reported third quarter total revenues rose to $340.8 million from $287.1 million in the year ago quarter. Net income in the quarter increased $132.6 million or $1.80 per diluted share compared to $96.3 million or $1.29 per share a year ago period.

MasterCard Inc ((MA)) increased 7.2% or $24.18 to $358.48 after the payment processor reported third quarter net revenues increased 27.3% to $1.82 billion from $1.43 billion in the year ago quarter. Net income in the quarter increased to $717 million or $5.63 per diluted share compared to $518 million or $3.94 per share in the year ago.

Marsh & McLennan Companies, Inc. ((MMC)) increased 2.9% or 87 cents to $30.65 after the insurance broker reported third quarter revenue increased 11% to $2.81 billion from $2.52 billion in the year ago quarter. Net income in the quarter decreased to $130 million or 24 cents per diluted share compared to $168 million or 30 cents per share in the year ago quarter.

Marathon Oil Corporation ((MRO)) increased 2.5% or 65 cents to $26.03 after the energy company reported third quarter total revenues rose to $3.80 billion from $2.96 billion in the year ago quarter. Net income in the quarter decreased $405 million or 57 cents per diluted share compared to $696 million or 98 cents per share a year ago period.

Marathon Petroleum Corporation ((MPC)) increased 4.9% or $1.77 to $37.77 after the petroleum product refiner reported third quarter total revenues increased to $20.65 billion from $15.93 billion in the year ago quarter. Net income in the quarter surged $1.13 billion or $3.16 per diluted share compared to $0.28 million or $0.77 per share a year ago earlier.

Time Warner Inc. ((TWX)) slipped 1.9% or 66 cents to $33.18 after the media and entertainment company reported third quarter total revenues increased 11% to $7.1 billion from $6.4 billion in the year ago quarter. Net income in the quarter increased to $822 million or 78 cents per diluted share compared to $522 million or 46 cents per share in the year ago.

Teva Pharmaceutical Industries Limited ((TEVA)) rose 0.9% or 36 cents $39.44 after the Israel based pharmaceutical company reported third quarter revenue rose 2% to $4.34 billion from $4.25 billion in the year ago quarter. Net income in the quarter decreased 13% to $916 million or $1.03 per diluted share compared to $1,050 million or $1.15 per share in the year ago quarter.

Valero Energy Corporation ((VLO)) increased 2.6% or 63 cents to $24.86 after the petroleum refiner reported third quarter revenues surged 60.4% to $33.7 billion from $21.0 billion in the year ago quarter. Net income in the quarter soared to $1.20 billion or $2.11 per diluted share compared to $0.29 billion or $0.51 per share in the year ago.