U.S. Movers: CVS, Moody

Mukesh Buch
08 Feb, 2012
New York City

CVS fourth quarter income was flat at $1.06 billion and Cognizant fourth quarter net increased to $240 million. Moody

[R]10:15 AM New York – CVS fourth quarter income was flat at $1.06 billion and Cognizant fourth quarter net increased to $240 million. Moody’s fourth quarter net dropped to $96.2 million. Ralph Lauren third quarter net was nearly unchanged at $169 million. Time Warner fourth quarter net inched up to $773 million.[/R]

CVS Caremark Corporation ((CVS)) rose 25 cents to $43.33 after the pharmacy services provider reported fourth quarter net revenue increased 15% to $28.3 billion from $24.6 billion in the same quarter last year. Retail pharmacy same stores sales increased 3% and pharmacy services increased 32%. Net income in the quarter was flat at $1.06 billion or 81 cents per diluted share compared to $1.03 billion or 75 cents per diluted share in the year ago.

For 2011 total revenue increased 12% to $107.1 billion from $95.8 billion in last year. Retail pharmacy same stores sales increased 2% and pharmacy services soared 25%. Net income for the year was flat at $3.46 billion or $2.57 per diluted share compared to $3.43 billion or $2.49 per share in the prior year.

Cognizant Technology Solutions Corporation ((CTSH)) decreased 2.7% or $2.00 to $70.01 after the consulting service provider reported fourth quarter total revenue soared 27% to $1.66 billion from $1.31 billion in the same quarter last year. Net income in the quarter increased to $240.1 million or 78 cents per diluted share compared to $206.2 million or 66 cents per diluted share in the year ago earlier.

For 2011 total revenue increased 33% to $6.12 billion from $4.59 billion in last year. Net income for the year soared to $883.6 million or $2.85 per diluted share compared to $733.5 million or $2.44 per share in the prior year.

Cerner Corporation ((CERN)) soared 11.7% or $7.34 to $69.91 after the healthcare devices and software maker reported fourth quarter total revenue soared 23% to $615.6 million from $500.2 million in the same quarter last year. Net earnings in the quarter increased to $91.2 million or 52 cents per diluted share compared to $70.6 million or 41 cents per diluted share in the year ago quarter.

Elan Corporation, plc ((ELN)) increased 2.4% or 33 to $14.00 after the Ireland based biotechnology reported fourth quarter total revenue increased to $271.0 million from $308.9 million in the same quarter last year. Net loss in the quarter widened to $134.7 million or 23 cents per diluted share compared to $52.2 million or 9 cents per diluted share in the year ago earlier.

Ingersoll-Rand plc ((IR)) gained 4.5% or $1.67 to $39.23 after the Ireland based diversified company reported fourth quarter total revenue decreased 5% to $3.5 billion from $3.7 billion in the same quarter last year. Net earnings in the quarter increased to $242.2 million or 76 cents per diluted share compared to $212.1 million or 62 cents per diluted share in the year ago.

For 2011 total revenue increased 6% to $14.8 billion from $14.0 billion in last year. Net earnings for the year declined to $343.2 million or $1.01 per diluted share compared to $642.2 million or $1.89 per share in the prior year.

Moody’s Corporation ((MCO)) slipped 2.8% or $1.10 to $37.88 after the credit opinion and information provider reported fourth quarter revenue fell to $567.1 million from $564.3 million in the same quarter last year. Net income in the quarter dropped to $96.2 million or 43 cents per diluted share compared to $137.4 million or 58 cents per diluted share in the year ago earlier.

For 2011 revenue increased 12% to $2.28 billion from $2.03 billion in last year. Net income for the year increased to $571.4 million or $2.49 per diluted share compared to $507.8 million or $2.15 per share in the prior year.

Panera Bread Company ((PNRA)) decreased 3.6% or $5.79 to $154.24 after the bakery products maker reported fourth quarter total revenue increased 16% to $495.8 million from $428.2 million in the same quarter last year. Company’s comparable net bakery-cafe sales rose 5.9%. Net income in the quarter increased 6% to $38.6 million or $1.31 per diluted share compared to $36.5 million or $1.21 per diluted share in the year ago period.

Ralph Lauren Corporation ((RL)) soared 11.7% or $18.43 to $175.50 after the apparel and accessories maker reported third quarter net revenues soared 17% to $1.80 billion from $1.55 million in the same quarter last year. Comparable store sales rose 12%. Net income in the quarter was flat at $169 million or $1.78 per diluted share compared to $168.4 million or $1.72 per diluted share in the year ago earlier.

Sprint Nextel Corporation ((S)) decreased 5.3% or 13 cents to $2.32 after the communication service provider reported fourth quarter net revenues increased 5% to $8.72 billion from $8.30 billion in the same quarter last year. Net loss in the quarter widened 40% to $1.30 billion or 43 cents per diluted share compared to $0.93 million or 31 cents per diluted share in the year ago period.

For 2011 net revenue rose 3% to $33.7 billion from $32.6 billion in last year. Net loss for the year narrowed 17% to $2.89 billion or $0.96 per diluted share compared to $3.46 billion or $1.16 per share in the prior year.

Time Warner Inc. ((TWX)) increased 2.7% or $1.05 to $39.15 after the media and entertainment company reported fourth quarter revenues grew 5% to $8.2 billion from $7.8 billion in the same quarter last year. Net income in the quarter increased to $773 million or 76 cents per diluted share compared to $769 million or 68 cents per diluted share in the year ago.

For 2011 total revenue increased 8% to $29.0 billion from $26.9 billion in last year. Net income for the year increased to $2.89 billion or $2.71 per diluted share compared to $2.59 billion or $2.25 per share in the prior year.

The Walt Disney Company ((DIS)) rose 23 cents to $41.21 after the broadcaster and cable TV operator and theme park operator reported first quarter revenues rose to $10.78 billion from $10.72 billion in the same quarter last year. Net income in the quarter increased 12% to $1.46 billion or 80 cents per diluted share compared to $1.30 billion or 68 cents per diluted share in the year ago.

The Western Union Company ((WU)) dropped 6.9% or $1.36 to $18.34 after the payment service provider reported fourth quarter total revenue grew 5% to $1.43 billion from $1.36 billion in the same quarter last year. Net income in the quarter surged 86% to $452.3 million or 73 cents per diluted share compared to $242.6 million or 37 cents per diluted share in the year ago earlier.

For 2011 total revenue increased 6% to $5.49 billion from $5.19 billion in last year. Net income for the year soared 28% to $1.16 billion or $1.84 per diluted share compared to $0.91 billion or $1.36 per share in the prior year.