U.S. Movers: CME Group, Cameco, Dish Network, EchoStar, Sysco

Mukesh Buch
07 Nov, 2011
New York City

Cameco third quarter net declined 60% to $39 million. Dish Network third quarter net soared 30.3% to $319 million. EchoStar reported third quarter net loss of $19 million. Sysco first quarter net rose 1.2% to $302.6 million.

[R]11:40 AM New York – Cameco third quarter net declined 60% to $39 million. Dish Network third quarter net soared 30.3% to $319 million. EchoStar reported third quarter net loss of $19 million. Sysco first quarter net rose 1.2% to $302.6 million.[/R]

CME Group Inc. ((CME)) rose 0.1% or 31 cents to $271.64 after the futures and derivatives exchange operator agreed to establish joint venture with The McGraw-Hill Companies, Inc. that will offer indexes management. Approximately $6 trillion in assets are benchmarked against indices published by McGraw Hill.

Cameco Corporation ((CCJ)) dropped 4% or 88 cents to $20.57 after the Canada based uranium producer reported third quarter revenue increased 26% to $527 million from $419 million in the year-ago quarter. Net earnings in the quarter declined 60% to $39 million or 10 cents per diluted share compared to $98 million or 25 cents per share in the year ago.

Coeur d’Alene Mines Corporation ((CDE)) advanced 7.7% or $2.12 to $29.37 after the gold and silver producer reported third quarter net sales soared 190% to $343.6 million from $118.6 million in the year-ago quarter. Net income in the quarter swung to $31.1 million or 35 cents per diluted share compared to net loss of $22.6 million or 25 cents per share in the year ago earlier.

Dish Network Corporation ((DISH)) increased 6.1% or $1.44 to $24.92 after the pay-television service provider reported third quarter revenue increased 12.3% to $3.60 billion from $3.21 billion in the year-ago quarter. Net income in the quarter soared 30.3% to $319 million or 71 cents per diluted share compared to $245 million or 55 cents per share in the year ago.

EchoStar Corporation ((SATS)) slumped 8% or $2.12 to $24.32 after the holding company reported third quarter total revenue surged 42% to $863 million from $607 million in the year-ago quarter. Net loss in the quarter swung to $19 million or 22 cents per diluted share compared to net income of $5.2 million or 6 cents per share in the year ago quarter.

Quicksilver Resources Inc. ((KWK)) decreased 2.3% or 20 cents to $8.23 after the energy company energy company reported third quarter total revenue grew to $259.9 million from $237.7 million in the year-ago quarter. Net income in the quarter rose to $28.7 million or 17 cents per diluted share compared to $21.8 million or 13 cents per share in the year ago earlier.

Sysco Corporation ((SYY)) fell 0.5% or 15 cents to $27.65 after the grocery retailer services provider reported first quarter increased 8.6% to $10.6 billion from $9.8 billion in the year-ago quarter. Net earnings in the quarter rose 1.2% to $302.6 million or 51 cents per diluted share compared to $299.1 million or 51 cents per share in the year ago.

Towers Watson & Co. ((TW)) decreased 2.7% or $1.78 to $62.92 after the professional consultation services provider reported first quarter revenue increased 8% to $810 million from $751 million in the year-ago quarter. Net income in the quarter soared to $59.7 million or 82 cents per diluted share compared to $33.2 million or 45 cents per share in the year ago period.

Tesco Corporation ((TESO)) dropped 13.8% or $2.27 to $14.07 after the technology based solution provider stated third quarter revenue grew to $83.6 million from $61.4 million in the year-ago quarter. Net income in the quarter rose to $3.8 million or 10 cents per diluted share compared to $3.0 million or 8 cents per share in the year ago earlier.

Tekelec ((TKLC)) increased 11.5% or $1.14 to $11.04 after the network solution said third quarter revenue fell 2% to $106.2 million from $108.3 million in the year-ago quarter. Net income in the quarter was to $0.8 million or 1 cent per diluted share compared to net loss of $0.1 million or break even per share in the year ago quarter.