U.S. Movers: Aon, Allergan, Cardinal Health, Estee Lauder, Tyson Foods

Mukesh Buch
03 Feb, 2012
New York City

Aon fourth quarter net increased to $277 million. Allergan fourth quarter net increased to $279.8 million. Atmel expects fourth quarter revenues to be dropped 20% to $384 million. Tyson Foods first quarter net slipped to $156 million.

[R]10:30 AM New York – Aon fourth quarter net increased to $277 million. Allergan fourth quarter net increased to $279.8 million. Atmel expects fourth quarter revenues to be dropped 20% to $384 million. Tyson Foods first quarter net slipped to $156 million.[/R]

Aon Corporation ((AON)) decreased 1.5% or 75 cents to $48.74 after the insurance and risk management service provider reported fourth quarter revenue increased 9% to $1.40 billion from $1.31 billion in the same quarter last year. Net earnings in the quarter increased to $277 million or 82 cents per diluted share compared to $231 million or 67 cents per diluted share in the year ago earlier.

Allergan, Inc. ((AGN)) rose 58 cents to $85.42 after the multi-specialty health care company reported fourth quarter revenue increased 9% to $1.40 billion from $1.31 billion in the same quarter last year. Net earnings in the quarter increased to $279.8 million or 90 cents per diluted share compared to $263.1 million or 85 cents per diluted share in the year ago earlier.

For 2011 revenue soared 36% to $5.42 billion from $4.92 billion in last year. Net earnings for the year surged to $934 million or $3.01 per diluted share compared to $0.60 million or break even per share in the prior year.

Atmel Corporation ((ATML)) rose 5 cents to $10.15 after the microcontroller maker expects 2011 fourth quarter revenues to be dropped 20% to approximately $384 million from third quarter. Previous guidance for revenue was in the range of 12 to 16% or $403 million to $422 million.

Beam Inc., formerly Fortune Brands, Inc. ((BEAM)) increased 1.5% or 83 cents to $53.83 after the holding company reported fourth quarter revenue rose to $637.5 million from $629.8 million in the same quarter last year. Net income in the quarter increased 10% to $94.1 million or 59 cents per diluted share compared to $85.4 million or 55 cents per diluted share in the year ago earlier.

Cardinal Health, Inc. ((CAH)) gained 29 cents to $42.51 after the healthcare services provider reported second quarter revenue increased 7% to $27.1 billion from $25.4 billion in the same quarter last year. Net earnings in the quarter soared 22% to $262.0 million or 75 cents per diluted share compared to $215.4 million or 61 cents per diluted share in the year ago period.

Cigna Corporation ((CI)) fell 38 cents to $43.75 after the insurance company reported flat fourth quarter revenue of $5.46 billion from $5.43 billion in the same quarter last year. Net income in the quarter decreased to $290 million or $1.04 per diluted share compared to $461 million or $1.69 per diluted share in the year ago earlier.

The Estee Lauder Companies Inc. ((EL)) slipped 6.4% or $3.81 to $55.04 after the cosmetic maker reported second quarter net sales increased 10% to $2.74 billion from $2.49 billion in the same quarter last year. Net earnings in the quarter increased 15% to $396.7 million or $1.00 per diluted share compared to $343.9 million or $0.86 per diluted share in the year ago quarter.

The Clorox Company ((CLX)) gained 2.3% or $1.60 to $70.33 after the consumer and institutional products maker reported second quarter sales grew 4% to $1.22 billion from $1.18 billion in the same quarter last year. Net earnings in the quarter surged to $105 million or 79 cents per diluted share compared to $21 million or 15 cents per diluted share in the year ago earlier.

Tyson Foods, Inc. ((TSN)) advanced 5.2% or 98 cents to $19.60 after the food processing company reported first quarter sales increased 9% to $8.33 billion from $7.62 billion in the same quarter last year. Net earnings in the quarter slipped to $156 million or 42 cents per diluted share compared to $298 million or 78 cents per diluted share in the year ago period.

Wynn Resorts, Limited ((WYNN)) decreased 4.2% or $5.10 to $115.68 after the casino resorts reported fourth quarter revenue rose to $1.34 billion from $1.24 billion in the same quarter last year. Net earnings in the quarter increased to $190.5 million or $1.52 per diluted share compared to $114.2 million or $0.91 per diluted share in the year ago.

For 2011 revenue soared 26% to $5.27 billion from $4.18 billion in last year. Net earnings for the year surged to $613.4 million or $4.88 per diluted share compared to $160.1 million or $1.29 per share in the prior year.

Wisconsin Energy Corporation ((WEC)) rose 0.4% or 14 cents to $34.55 after the electric utility reported fourth quarter revenues flat to $1.11 billion from $1.09 billion in the same quarter last year. Net income in the quarter decreased to $116.0 million or 50 cents per diluted share compared to $125.9 million or 53 cents per diluted share in the year ago period.