U.S. Movers: Dillard's, Nordstrom, Nvidia, Starbucks, Walt Disney

Mukesh Buch
11 Nov, 2011
New York City

Brookfield third quarter net surged to $716 million. Dillard''s third quarter net increased 1.9% to $26.6 million. Nordstrom third quarter net increased 7.2% to $127 million. Walt Disney fourth quarter net surged 30% to $1.09 billion.

[R]11:40 AM New York – Brookfield third quarter net surged to $716 million. Dillard''sthird quarter net increased 1.9% to $26.6 million. Nordstrom third quarter net increased 7.2% to $127 million. Walt Disney fourth quarter net surged 30% to $1.09 billion.[/R]

AECOM Technology Corporation ((ACM)) gained 2.3% or 47 cents to $20.49 afterthe construction service provider reported fourth quarter revenues increased 16% to $2.11 billion from $1.83 billion in the year-ago quarter. Net income in the quarter soared 29% to $87.4 million or 75 cents per diluted share compared to $67.8 million or 58 cents per share in the year ago earlier.

Brookfield Asset Management Inc. ((BAM)) gained 2.1% or 61 cents to $28.67 afterthe asset manager reported third quarter total revenues increased to $4.58 billion from $3.55 billion in the year-ago quarter. Net income in the quarter surged to $716 million or 36 cents per diluted share compared to $342 million or 16 cents per share in the year ago.

Dillard''s, Inc. ((DDS)) decreased 7.4% or $4.11 to $51.06 after the apparel and home furnishing retailer reported third quarter total revenues grew to $1.42 billion from $1.37 billion in the year-ago quarter. Comparable store sales increase of 5%.

Net income in the quarter increased 1.9% to $26.6 million or 50 cents per diluted share compared to $14.4 million or 22 cents per share in the year ago earlier.

D.R. Horton, Inc. ((DHI)) rose 2% or 24 cents to $11.43 after the construction service provider reported fourth quarter revenue increased to $1.07 billion from $0.92 billion in the year-ago quarter. Net income in the quarter swung to $35.7 million or 11 cents per diluted share compared to net loss of $8.9 million or 3 cents per share in the year ago.

Molycorp, Inc. ((MCP)) dropped 13.4% or $5.19 to $33.51 after the metal mining producer reported third quarter sales soared 39% to $138.1 million from $99.6 million in the year-ago quarter. Net income in the quarter rose 4% to $45.3 million or 52 cents per diluted share compared to $43.5 million or 52 cents per share in the year ago earlier.

Microsemi Corporation ((MSCC)) increased 2% or 35 cents to $17.60 after the analog chip circuits maker reported fourth quarter sales surged 50.3% to $227.3 million from $216.7 million in the year-ago quarter. Net income in the quarter increased to $42.1 million or 49 cents per diluted share compared to $30.6 million or 35 cents per share in the year ago earlier.

Nordstrom, Inc. ((JWN)) fell 0.9% or 46 cents to $49.16 after the fashion specialty retailer reported third quarter total revenues increased 14.2% to $2.48 billion from $2.18 million in the year-ago quarter. Same store sales in the quarter increased 7.9%.

Net income in the quarter rose 7.2% to $127 million or 59 cents per diluted share compared to $119 million or 53 cents per share in the year ago.

Nvidia Corporation ((NVDA)) slipped 1.5% or 22 cents to $14.25 after the visual computing technology provider reported third quarter revenue rose to $1.07 billion from $0.84 billion in the year-ago quarter. Net income in the quarter soared to $178.3 million or 29 cents per diluted share compared to $84.9 million or 15 cents per share in the year ago period.

Starbucks Corporation ((SBUX)) gained 1.7% or 74 cents to $44.26 after the specialty coffee retailer agreed to acquire fresh juice maker Evolution Fresh, Inc for $30 million in cash and open a new chain of health food and juice drinks retail chain.

The Walt Disney Company ((DIS)) increased 7.1% or $2.49 to $37.13 after the entertainment company reported fourth quarter revenue increased 7% to $10.4 billion from $9.7 billion in the year-ago quarter. Net income in the quarter surged 30% to $1.09 billion or 58 cents per diluted share compared to $0.84 billion or 43 cents per share in the year ago.

Telefonica, S.A. increased 1.1% or 21 cents to $19.23 after the Spain based communication services provider reported third quarter revenue increased 3.7% to €15.8 billion from €15.2 billion in the year-ago quarter. Net loss in the quarter swung to €429 million or €0.10 per basic share compared to net income of €5,059 million or €1.12 per share in the year ago.

Tim Hortons Inc. ((THI)) increased 3.4% or $1.70 to $50.95 after the Canada based coffee chain operator reported third quarter total revenues grew 8.4% to $726.9 million from $670.5 million in the year-ago quarter. Same store sales in the quarter increased 4.7% in Canada and 6.3% in the U.S.

Net income in the quarter soared 40.4% to $103.6 million or 65 cents per diluted share compared to $73.8 million or 42 cents per share in the year ago earlier.