U.S. Movers: Apple, Abbott, Exelon, General Dynamics, Boeing, Yahoo!

Mukesh Buch
25 Jan, 2012
New York City

Apple first quarter net more than doubled to $13.1 billion and Abbott Labs net increased 12.3% to $1.6 billion. ConocoPhillips fourth quarter net increased to $3.4 billion. Boeing fourth quarter net increased 20% to $1.39 billion and WellPoint fourth quarter net declined 39% to $335.3 million.

[R]10:45 AM New York – Apple first quarter net more than doubled to $13.1 billion and Abbott Labs net increased 12.3% to $1.6 billion. ConocoPhillips fourth quarter net increased to $3.4 billion. Boeing fourth quarter net increased 20% to $1.39 billion and WellPoint fourth quarter net declined 39% to $335.3 million.[/R]

Apple Inc. ((AAPL)) increased 6.5% or $27.45 to $447.78 after the mobile, pc and media devices maker reported first quarter net sales soared to $46.3 billion from $26.7 billion in the same quarter last year. Net income in the quarter surged to $13.1 billion or $13.87 per diluted share compared to $6 billion or $6.43 per diluted share in the year ago.

The company sold 37.04 million iPhones in the quarter, a 128% unit growth over the year-ago quarter while iPad sales during the quarter surged 111% to 15.43 million units.

Abbott Laboratories ((ABT)) increased 1.3% or 78 cents to $55.20 after the healthcare products maker reported fourth quarter net sales increased 4.3% to $10.4 billion from $10.0 billion in the same quarter last year. Net earnings in the quarter increased 12.3% to $1.62 billion or $1.02 per diluted share compared to $1.44 billion or $0.92 per diluted share in the year ago.

Automatic Data Processing, Inc. ((ADP)) fell 0.5% or 31 cents to $56.42 after the outsourcing company reported second quarter revenue improved 7% to $2.6 billion from $2.4 billion in the same quarter last year. Net earnings in the quarter increased to $375 million or 76 cents per diluted share compared to $310 million or 62 cents per diluted share in the year ago quarter.

ConocoPhillips ((COP)) fell 0.6% or 48 cents to $70.13 after the energy company reported fourth quarter total revenue increased to $62.4 billion from $53.2 billion in the same quarter last year. Net income in the quarter increased to $3.4 billion or $2.56 per diluted share compared to $2.0 billion or $1.39 per diluted share in the year ago period.

Corning Inc ((GLW)) decreased 9.7% or $1.43 to $13.19 after the technology company reported fourth quarter revenue grew 7% to $1.9 billion from $1.8 billion in the same quarter last year. Net income in the quarter declined 53% to $491 million or 31 cents per diluted share compared to $1,044 million or 66 cents per diluted share in the year ago earlier.

CA, Inc. ((CA)) gained 10.3% or $2.37 to $25.19 after the software company reported third quarter revenue increased 10% to $1.26 billion from $1.14 billion in the same quarter last year. Net income in the quarter increased to $263 million or 54 cents per diluted share compared to $200 million or 39 cents per diluted share in the year ago quarter.

Cooper Industries plc ((CBE)) fell 0.4% or 28 cents to $59.88 after the Ireland based electrical products maker reported fourth quarter revenue grew 9% to $1.37 billion from $1.26 billion in the same quarter last year. Net income in the quarter increased 11.6% to $160 million or $1.00 per diluted share compared to $142 million or $0.85 per diluted share in the year ago period.

Delta Air Lines, Inc. ((DAL)) increased 8.3% or 78 cents to $10.16 after the airline reported fourth quarter total revenue increased 8% to $8.4 billion from $7.8 billion in the same quarter last year. Net income in the quarter surged to $425 million or 50 cents per diluted share compared to $19 million or 2 cents per diluted share in the year ago earlier.

Dover Corporation ((DOV)) rose 0.6% or 37 cents to $60.84 after the specialty equipment provider reported fourth quarter revenue increased 15% to $2 billion from $1.7 billion in the same quarter last year. Net earnings in the quarter rose to $278.3 million or $1.49 per diluted share compared to $198.3 million or $1.04 per diluted share in the year ago quarter.

Exelon Corporation ((EXC)) fell 0.9% or 36 cents to $38.86 after the electric service reported fourth quarter revenue fell to $4.2 billion from $4.5 billion in the same quarter last year. Net income in the quarter increased to $606 million or 91 cents per diluted share compared to $524 million or 79 cents per diluted share in the year ago period.

General Dynamics Corporation ((GD)) decreased 2.2% or $1.63 to $69.71 after the military and commercial products maker reported fourth quarter revenue soared 63% to $9.1 billion from $8.6 billion in the same quarter last year. Net earnings in the quarter slipped 17.3% to $603 million or $1.68 per diluted share compared to $729 million or $1.91 per diluted share in the year ago earlier.

Hess Corporation ((HES)) decreased 1.6% or $1.01 to $59.31 after the energy company reported fourth quarter revenue rose to $8.8 billion from $8.7 billion in the same quarter last year. Net loss in the quarter swung to $131 million or 39 cents per diluted share compared to net income of $58 million or 18 cents per diluted share in the year ago earlier.

Kimberly-Clark Corporation ((KMB)) fell 0.9% or 65 cents to $71.62 after the health care products maker reported fourth quarter revenue rose 2% to $5.2 billion from $5.1 billion in the same quarter last year. Net income in the quarter slipped 18.5% to $401 million or $1.01 per diluted share compared to $492 million or $1.20 per diluted share in the year ago quarter.

Norfolk Southern Corporation ((NSC)) decreased 2.4% or $1.81 to $73.67 after the railway transportation company reported fourth quarter revenue increased 17% to $2.8 billion from $2.4 billion in the same quarter last year. Net income in the quarter increased 19% to $480 million or $1.42 per diluted share compared to $402 million or $1.09 per diluted share in the year ago earlier.

Peabody Energy Corporation ((BTU)) decreased 2.7% or $1.03 to $35.83 after the coal company reported fourth quarter revenue grew to $2.25 billion from $1.80 billion in the same quarter last year. Net income in the quarter increased to $222.4 million or 82 cents per diluted share compared to $210 million or 77 cents per diluted share in the year ago period.

The Southern Company ((SO)) fell 31 cents to $44.59 after the electric utility provider reported fourth quarter revenue decreased 2% to $3.7 billion from $3.8 billion in the same quarter last year. Net income in the quarter soared 69.5% to $261 million or 30 cents a diluted share compared to $153 million or 18 cents a diluted share in the year ago quarter.

Stryker Corporation ((SYK)) increased 2.4% or $1.31 to $54.25 after the medical and surgical equipments provider reported fourth quarter net sales increased 11% to $2.2 billion from $2.0 billion in the same quarter last year. Net earnings in the quarter surged 35.9% to $401 million or $1.05 per diluted share compared to $295 million or $0.74 per diluted share in the year ago.

The Boeing Company ((BA)) slipped 2.8% or $2.17 to $73.19 after the aerospace company reported fourth quarter net sales increased 18% to $19.6 billion from $16.5 billion in the same quarter last year. Net income in the quarter increased 20% to $1.39 billion or $1.84 per diluted share compared to $1.16 billion or $1.56 per diluted share in the year ago.

United Technologies Corporation ((UTX)) decreased 2.1% or $1.64 to $76.14 after the aerospace products provider reported fourth quarter net sales rose 1% to $15.0 billion from $14.9 billion in the same quarter last year. Net income in the quarter increased 12% to $1.3 billion or $1.47 per diluted share compared to $1.2 billion or $1.31 per diluted share in the year ago.

WellPoint, Inc. ((WLP)) slipped 6% or $4.21 to $65.19 after the health insurer reported fourth quarter total revenues grew 5% to $15.318 billion from $14.62 billion. Net income for the quarter declined 39% to $335.3 million or 96 cents per diluted share compared to net income of $548.8 or $1.40 per share in the previous year.

For 2011 total operating revenue advanced 4% to $59.865 billion from $57.741 billion. Net income for the year fell 8.3% to $2.647 billion or $7.25 per share compared to net income of $2.887 billion or $6.94 per share in the prior year.

Xerox Corp. ((XRX)) dropped 6.6% or 58 cents to $8.09 after the printer and copier maker reported fourth quarter total revenues dipped 0.2% to $5.964 billion from $5.976 billion in the prior year. Net income for the quarter surged 119% to $375 million or 26 cents per diluted share compared to net income of $171 million or 12 cents per share in the prior year.

Yahoo! Inc. ((YHOO)) fell 10 cents to $15.59 after the internet contents provider reported fourth quarter revenue decreased 13% to $1.32 billion from $1.52 billion in the same quarter last year. Net earnings in the quarter fell 5% to $296 million or 24 cents per diluted share compared to $312 million or 24 cents per diluted share in the year ago earlier.

For the full year 2011, revenue declined 21% to $4.984 billion compared to 6.324 billion from the same period of 2010. The company earned $1.049 billion or $0.82 per share in fiscal year 2011, down from $1.232 billion or $0.90 per share for fiscal year 2010.