U.S. Movers: Duke Energy, DirecTV, Kellogg, NYSE Euronext, Sara Lee

Mukesh Buch
03 Nov, 2011
New York City

Duke Energy third quarter net decreased to $472 million. DirecTV third quarter net increased 8% to $516 million. Kellogg third quarter net declined 11% to $290 million. NYSE Euronext third quarter net surged 54% to $186 million. Sara Lee reported third quarter net loss of $215 million.

[R]2:55 PM New York – Duke Energy third quarter net decreased to $472 million. DirecTV third quarter net increased 8% to $516 million. Kellogg third quarter net declined 11% to $290 million. NYSE Euronext third quarter net surged 54% to $186 million. Sara Lee third quarter net loss was $215 million.[/R]

Alliant Energy Corporation ((LNT)) increased 1.4% or 59 cents to $41.05 after the electricity and natural gas service provider said third quarter total revenues rose to $1.02 billion from $0.95 billion in the year-ago quarter. Net income in the quarter fell to $122.0 million or $1.10 per diluted share compared to $149.1 million or $1.37 per share in the year ago period.

Alpha Natural Resources, Inc. ((ANR)) soared 11.1% or $2.67 to $26.60 after the coal supplier reported third quarter total revenues soared to $2.3 billion from $1.0 billion in the year-ago quarter. Net income in the quarter doubled to $66.4 million or 29 cents per diluted share compared to $31.9 million or 27 cents per share in the year ago quarter.

Beam Inc. ((BEAM)) rose 0.9% or 48 cents to $50.16 after the spirits company reported third quarter net sales grew 6.8% to $1.55 billion from $1.46 billion in the year-ago quarter. Net income in the quarter surged to $413.1 million or $2.67 per diluted share compared to $102.6 million or $0.66 per share in the year ago earlier.

Cimarex Energy Co. ((XEC)) decreased 3.4% or $2.36 to $65.28 after the oil and gas exploration company reported third quarter total revenues rose to $433.8 million from $378.6 million in the year-ago quarter. Net income in the quarter was flat at $128.1 million or 10 cents per diluted share compared to $128.2 million or 8 cents per share in the year ago quarter.

Duke Energy Corporation ((DUK)) rose 1.1% or 24 cents to $20.67 after the energy company reported third quarter total revenues flat at $3.96 billion from $3.94 billion in the year-ago quarter. Net income in the quarter decreased to $472 million or 35 cents per diluted share compared to $670 million or 51 cents per share in the year ago.

DirecTV ((DTV)) increased 4.9% or $2.22 to $47.08 after the broadcasting and cable TV operator reported third quarter revenues grew to $6.84 billion from $6.02 billion in the year-ago quarter. Net income in the quarter increased 8% to $516 million or 70 cents per diluted share compared to $479 million or 55 cents per share in the year ago.

Dresser-Rand Group Inc. ((DRC)) gained 4.1% or $2.02 to $50.63 after the engineering equipment supplier reported third quarter total revenues soared 30.5% to $630.5 million from $483.1 million in the year-ago quarter. Net income in the quarter rose to $39.9 million or 51 cents per diluted share compared to $37.5 million or 46 cents per share in the year ago period.

Energizer Holdings, Inc. ((ENR)) fell 0.6% or 45 cents to $71.66 after the batteries and lighting products maker reported fourth quarter net sales increased 13.1% to $1.2 billion from $1.1 billion in the year-ago quarter. Net income in the quarter decreased to $45.8 million or $0.67 per diluted share compared to $84.8 million or $1.20 per share in the year ago earlier.

IAC/InterActiveCorp. ((IACI)) soared 10.1% or $3.96 to $43.53 after the online consumer services provider reported revenue third quarter surged 25% to $516.9 million from $413.0 million in the year-ago quarter. Net income in the quarter soared 271% to $65 million or 69 cents per diluted share compared to $17.5 million or 16 cents per share in the year ago quarter.

Kellogg Company ((K)) slumped 7.5% or $4.08 to $49.96 after the ready-to-eat food maker reported third quarter net sales rose 5% to $3.31 billion from $3.16 billion in the year-ago quarter. Net earnings in the quarter declined 11% to $290 million or 80 cents per diluted share compared to $338 million or 90 cents per share in the year ago.

Kraft Foods Inc. ((KFT)) gained 3.7% or $1.31 to $35.95 after the food products maker reported third quarter revenue increased 11.5% to $13.2 billion from $11.9 billion in the year ago quarter. Net earnings in the quarter soared 22.3% to $922 million or 52 cents per diluted share compared to $754 million or 43 cents per share in the year ago.

NYSE Euronext ((NYX)) increased 2.5% or 66 cents to $26.19 after the trading exchange operator reported third quarter total revenues increased 20% to $1.26 billion from $1.05 billion in the year-ago quarter. Net income in the quarter surged 54% to $186 million or 71 cents per diluted share compared to $121 million or 46 cents per share in the year ago earlier.

PPL Corporation ((PPL)) rose 1.53% or 45 cents to $29.87 after the energy and utility holding company reported third quarter revenue grew to $3.12 billion from $2.18 billion in the year ago quarter. Net income in the quarter soared to $444 million or 76 cents per diluted share compared to $248 million or 51 cents per share in the year ago.

QUALCOMM Inc ((QCOM)) increased 7% or $3.67 to $55.85 after the communications products maker reported fourth quarter revenue surged 39% to $4.12 billion from $2.95 billion in the year ago quarter. Net income in the quarter soared 22% to $1.06 billion or 62 cents per diluted share compared to $0.86 billion or 53 cents per share in the year ago period.

Sara Lee Corporation ((SLE)) increased 5.3% or 95 cents to $18.56 after the food processing company net sales increased 12.5% to $1.94 billion from $1.73 billion in the year-ago quarter. Net loss in the quarter was $215 million or 37 cents per diluted share compared to net income $194 million or 29 cents per share in the year ago.

Scripps Networks Interactive, Inc ((SNI)) dropped 4.1% or $1.72 to $40.12 after the lifestyle television service provider reported third quarter revenue grew 7.9% to $503.7 million from $466.9 million in the year ago quarter. Net income in the quarter fell 3% to $98.6 million or 61 cents per diluted share compared to $101.7 million or 61 cents per share in the year ago period.

Visteon Corporation ((VC)) increased 4.1% or $2.30 to $57.68 after the automotive parts supplier reported third quarter net sales increased to $2.04 billion from $1.73 billion in the year-ago quarter. Net income in the quarter was of $41 million or $0.79 per diluted share compared to net loss of $140 million or $1.08 per share in the year ago quarter.

Whole Foods Market, Inc. ((WFM)) decreased 3.5% or $2.54 to $68.02 after the grocery retailer reported fourth quarter sales increased 12% to $2.4 billion from $2.1 billion in the year-ago quarter. Comparable store sales increased 8.7%. Net income in the quarter rose of $75.5 million or 42 cents per diluted share compared to $57.5 million or 33 cents per share in the year ago.