U.S. Movers: Cummins, Goodrich, Kellogg, Qualcomm, MasterCard

Mukesh Buch
02 Feb, 2012
New York City

Cummins fourth quarter net increased to $548 million. Goodrich fourth quarter net soared to $237.9 million. Kellogg fourth quarter net increased to $232 million. Qualcomm first quarter net increased 20% to $1.40 billion. MasterCard fourth quarter net declined to $19 million.

[R]10:30 AM New York – Cummins fourth quarter net increased to $548 million. Goodrich fourth quarter net soared to $237.9 million. Kellogg fourth quarter net increased to $232 million. Qualcomm first quarter net increased 20% to $1.40 billion. MasterCard fourth quarter net declined to $19 million.[/R]

Cummins Inc. ((CMI)) gained 6.7% or $7.17 to $112.99 after the engine related components maker reported fourth quarter revenue increased 9% to $4.9 billion from $4.1 billion in the same quarter last year. Net income in the quarter increased to $548 million or $2.86 per diluted share compared to $452 million or $2.35 per diluted share in the year ago earlier.

For 2011 sales soared 36% to $18 billion from $13.2 billion in last year. Net income for the year surged to $1.85 billion or $9.55 a diluted share compared to $1.04 billion or $5.28 a share in the prior year.

CME Group Inc. ((CME)) increased 5% or $12.35 to $257.83 after the clearing service provider reported fourth quarter revenue rose to $736.5 million from $763.2 million in the same quarter last year. Net income in the quarter surged to $745.9 million or $11.25 per diluted share compared to $196.2 million or $2.93 per diluted share in the year ago earlier.

Goodrich Corporation ((GR)) rose 0.1% or 20 cents to $125.25 after the aerospace components supplier reported fourth quarter sales increased 19% to $2.15 billion from $1.81 billion in the same quarter last year. Net income in the quarter soared to $237.9 million or $1.85 per diluted share compared to $148.3 million or $1.16 per diluted share in the year ago period.

International Paper Company ((IP)) increased 2% or 63 cents to $32.01 after the paper and packaging company reported fourth quarter sales fell to $6.37 billion from $6.53 billion in the same quarter last year. Net income in the quarter dropped to $257 million or 59 cents per diluted share compared to $316 million or 73 cents per diluted share in the year ago earlier.

For 2011 net sales increased to $26.0 billion from $25.2 billion in last year. Net income for the year soared to $1.34 billion or $3.07 per diluted share compared to $0.64 billion or $1.48 per share in the prior year.

Kellogg Company ((K)) increased 3.3% or $1.63 to $50.94 after the ready-to-eat products maker reported fourth quarter net sales grew 5% to $3.0 billion from $2.9 billion in the same quarter last year. Net income in the quarter increased to $232 million or 64 cents per diluted share compared to $189 million or 51 cents per diluted share in the year ago quarter.

For 2011 net sales rose 7% to $13.2 billion from $12.4 billion in last year. Net income for the year flat to $1.23 billion or $3.38 per diluted share compared to $1.25 billion or $3.30 per share in the prior year.

Qualcomm Inc ((QCOM)) increased 2.8% or $1.68 to $61.24 after the communications equipments maker reported first quarter net sales soared 40% to $4.68 billion from $3.35 billion in the same quarter last year. Net income in the quarter increased 20% to $1.40 billion or 81 cents per diluted share compared to $1.17 billion or 71 cents per diluted share in the year ago.

Las Vegas Sands Corp. ((LVS)) increased 1.8% or 95 cents to $51.13 after the casinos and gaming reported fourth quarter total revenues increased 26% to $2.54 billion from $2.02 billion in the same quarter last year. Net income in the quarter surged 17% to $320.1 million or 39 cents per diluted share compared to $273.0 million or 34 cents per diluted share in the year ago earlier.

For 2011 sales soared 37% to $9.41 billion from $6.85 billion in last year. Net income for the year surged 212% to $1.27 billion or $1.56 per diluted share compared to $0.41 billion or $0.51 per share in the prior year.

MasterCard Inc ((MA)) advanced 7.2% or $25.96 to $383.58 after the electronic payment service provider reported fourth quarter revenue soared 20% to $1.7 billion from $1.4 billion in the same quarter last year. Adjusted net income in the quarter rose 24% to $514 million or $4.03 per diluted share compared to net income of $415 million or $3.17 per share, a year earlier. Net income in the quarter dropped to $19 million or 15 cents a share.

For 2011 sales soared 21% to $6.7 billion from $5.5 billion in last year. Net income for the year rose to $1.91 billion or $14.85 per diluted share compared to $1.85 billion or $14.05 per share in the prior year.

Sara Lee Corporation ((SLE)) increased 3.1% or 60 cents to $19.62 after the bakery, beverage and household products maker reported second quarter net sales grew 6% to $2.08 billion from $1.96 billion in the same quarter last year. Net income in the quarter slumped 44% to $469 million or $0.79 per diluted share compared to $833 million or $1.30 per diluted share in the year ago.

The Allstate Corporation ((ALL)) increased 3.1% or 94 cents to $30.25 after the insurance company reported fourth quarter total revenues increased 2% to $8.24 billion from $8.09 billion in the same quarter last year. Net income in the quarter surged 145% to $724 million or $1.43 per diluted share compared to $296 million or $0.55 per diluted share in the year ago earlier.

For 2011 sales increased 4% to $32.6 billion from $31.4 billion in last year. Net income for the year slipped 15% to $788 million or $1.51 per diluted share compared to $928 million or $1.71 per share in the prior year.

The New York Times Companies ((NYT)) decreased 2.2% or 17 cents to $7.50 after the media company reported fourth quarter total revenues fell 3% to $643.0 million from $661.7 million in the same quarter last year. Net income in the quarter slipped 12% to $58.9 million or 39 cents per diluted share compared to $67.1 million or 44 cents per diluted share in the year ago.