U.S. Movers: Amgen, Chevron, Caterpillar, Ford, Procter & Gamble, Starbucks

Mukesh Buch
27 Jan, 2012
New York City

Amgen fourth quarter net slipped to $937 million. Chevron fourth quarter net decreased to $5.1 billion and Caterpillar fourth quarter net surged 60% to $1.54 billion. Ford fourth quarter net surged to $13.6 billion. Procter & Gamble second quarter net slumped 49% to $1.7 billion.

[R]11:10 AM New York – Amgen fourth quarter net slipped to $937 million. Chevron fourth quarter net decreased to $5.1 billion and Caterpillar fourth quarter net surged 60% to $1.54 billion. Ford fourth quarter net surged to $13.6 billion. Procter & Gamble second quarter net slumped 49% to $1.7 billion.[/R]

American Electric Power Company, Inc. ((AEP)) decreased 2.5% or $1.07 to $40.21 after the holding company reported fourth quarter total revenue flat to $3.4 billion from $3.4 billion in the same quarter last year. Net income in the quarter soared to $308 million or 64 cents per diluted share compared to $176 million or 38 cents per diluted share in the year ago.

Altria Group, Inc. ((MO)) fell 36 cents to $28.31 after the holding company reported fourth quarter net revenues increased 3.4% to $6.1 billion from $5.9 billion in the same quarter last year. Net earnings in the quarter decreased 9% to $836 million or 41 cents per diluted share compared to $919 million or 44 cents per diluted share in the year ago period.

Amgen Inc. ((AMGN)) rose 52 cents to $68.60 after the biotechnology developer reported fourth quarter total revenue rose 3% to $4 billion from $3.8 billion in the same quarter last year. Net income in the quarter slipped to $937 million or $1.08 per diluted share compared to $1,022 million or $1.08 per diluted share in the year ago earlier.

Chevron Corporation ((CVX)) decreased 3% or $3.27 to $103.33 after the petroleum company reported fourth quarter revenue rose to $60 billion from $54 billion in the same quarter last year. Net income in the quarter fell to $5.1 billion or $2.58 per diluted share compared to $5.3 billion or $2.64 per diluted share in the year ago.

For 2011 total operating revenue increased to $253.7 billion from $204.9 billion. Net profit for the year soared to $26.9 billion or $13.44 a share compared to $19 billion or $9.48 per share in the prior year.

Caterpillar Inc. ((CAT)) fell 31 cents to $111 after the construction and mining equipment maker reported fourth quarter total sales soared 35% to $17.2 billion from $12.8 billion in the same quarter last year. Net profit in the quarter surged 60% to $1.54 billion or $2.32 per diluted share compared to $0.97 billion or $1.47 per diluted share in the year ago period.

For 2011 total operating revenue advanced 44% to $60.1 billion from $42.6 billion. Net profit for the year soared 83% to $4.93 billion or $7.40 per share compared to $2.70 billion or $4.15 a share in the prior year.

Ford Motor Company ((F)) decreased 3.6% or 46 cents to $12.30 after the automotive company reported fourth quarter revenue rose to $34.6 billion from $32.5 billion in the same quarter last year. Net income in the quarter surged to $13.6 billion or $3.40 per diluted share compared to $0.19 billion or $0.05 per diluted share in the year ago earlier.

For 2011 total operating revenue increased to $136.3 billion from $120.9 billion. Net income for the year soared to $20.2 billion or $4.94 per share compared to $6.5 billion or $1.66 per share in the prior year.

Honeywell International Inc. ((HON)) rose 22 cents to $58.05 after the aerospace products maker reported fourth quarter sales grew 8% to $9.5 billion from $8.7 billion in the same quarter last year. Net loss in the quarter swung to $310 million or 40 cents per diluted share compared to net income of $369 million or 47 cents per diluted share in the year ago.

For 2011 total operating sales increased to $36.5 billion from $32.3 billion. Net income for the year rose to $2.1 billion or $2.61 per share compared to $2.0 billion or $2.59 per share in the prior year.

NextEra Energy, Inc. ((NEE)) fell 39 cents to $59.28 after the electric power company reported fourth quarter total revenue rose to $3.86 billion from $3.41 billion in the same quarter last year. Net income in the quarter soared to $395 million or 93 cents per diluted share compared to $332 million or 63 cents per diluted share in the year ago.

The Procter & Gamble Company ((PG)) fell 28 cents to $64.52 after the consumer goods maker reported second quarter sales rose 4% to $22.1 billion from $21.3 billion in the same quarter last year. Net income in the quarter slumped 49% to $1.7 billion or $0.57 per diluted share compared to $3.3 billion or $1.11 per diluted share in the year ago period.

Starbucks Corporation ((SBUX)) decreased 2.5% or $1.24 to $47.10 after the specialty coffee maker reported first quarter total net revenues increased 16.4% to $3.4 billion from $2.9 billion in the same quarter last year. Net earnings in the quarter increased 10.2% to $382.1 million or 50 cents per diluted share compared to $346.6 million or 45 cents per diluted share in the year ago quarter.