U.S. Movers: Copano, JPMorgan, JDA Software, Linn Energy, Tractor Supply

Mukesh Buch
13 Jan, 2012
New York City

Copano announced public offering of 5 million shares and priced at $34.03. JPMorgan fourth quarter net slipped 23% to $3.73 billion and annual net increased 9%. JDA Software expected revenue for fourth quarter to $173 million. Tractor Supply fourth quarter net sales increased 20% to $1.24 billion.

[R]10:40 AM New York – Copano announced public offering of 5 million shares and priced at $34.03. JPMorgan fourth quarter net slipped 23% to $3.73 billion and annual net increased 9%. JDA Software expected revenue for fourth quarter to $173 million. Tractor Supply fourth quarter net sales increased 20% to $1.24 billion.[/R]

Copano Energy, L.L.C ((CPNO)) decreased 4% or $1.42 to $33.94 after the energy company announced public offering of 5 million shares priced at $34.03 per common unit. The offering scheduled to close on January 19.

Fossil, Inc. ((FOSL)) increased 2.6% or $2.27 to $89.05 after the fashion accessories designer agreed to acquire Skagen Designs, Ltd. for approximately $225 million in cash. The acquisition expected to be finalized in February 2012.

Hurco Companies, Inc. ((HURC)) slipped 3.1% or 75 cents to $23.27 after the industrial technology company said fourth quarter sales soared 40% to $48.6 million from $34.7 million in the same quarter last year. Net income in the quarter swung to $2.7 million or 41 cents per diluted share compared to net loss of $1.2 million or 18 cents share a year earlier.

JPMorgan Chase & Co. ((JPM)) decreased 3.9% or $1.44 to $35.41 after the financial holding company reported fourth quarter total net revenue decreased 18% to $21.5 billion from $26.1 billion in the same quarter last year. Net income in the quarter slipped 23% to $3.73 billion or $0.90 per diluted share compared to $4.83 billion or $1.12 share a year ago.

JDA Software Group, Inc. ((JDAS)) slumped 13.3% or $4.38 to $28.42 after the software company reported preliminary expected revenue for the fourth quarter to $173 million increase of 3% and full year revenue expected to increase 9% to approximately $670 million.

Linn Energy, LLC ((LINE)) fell 0.1% or 4 cents to $35.91 after the oil and natural gas announced a public offering of 17 million of its limited liability company interests at price of $35.95 per unit. The offering is expected to settle and close on January 19.

Tractor Supply Company ((TSCO)) rose 0.7% or 61 cents to $80.81 the farm and ranch store retailer update net sales for the fourth quarter increased 20% to $1.24 billion from $1.03 billion year ago and Same-store sales increased 7.6%. The company now anticipates annual net income per share between $2.97 and $2.99 compared to previous guidance of $2.85 to $2.89.