U.S. Movers: Bunge, Cisco, Groupon, PepsiCo, Thomson Reuters, Visa

Mukesh Buch
09 Feb, 2012
New York City

Bunge fourth quarter net dropped to $245 million. Cisco second quarter net surged 44% to $2.2 billion. PepsiCo fourth quarter net increased 4% to $1.42 billion. Thomson Reuters fourth quarter net loss swung to $2.6 billion. Visa first quarter net increased to $1 billion.

[R]11:30 AM New York – Bunge fourth quarter net dropped to $245 million. Cisco second quarter net surged 44% to $2.2 billion. PepsiCo fourth quarter net increased 4% to $1.42 billion. Thomson Reuters fourth quarter net loss swung to $2.6 billion. Visa first quarter net increased to $1 billion.[/R]

Bunge Limited ((BG)) increased 2.8% or $1.72 to $61.46 after the agricultural and food company reported fourth quarter revenue grew to $16.4 billion from $12.7 billion in the same quarter last year. Net income in the quarter dropped to $245 million or $1.65 per diluted share compared to $292 million or $1.95 per diluted share in the year ago.

For 2011 revenue increased to $58.7 billion from $45.7 billion in last year. Net income for the year declined to $0.91 billion or $6.07 per diluted share compared to $2.29 billion or $15.06 per share in the prior year.

Coca-Cola Enterprises, Inc. ((CCE)) rose 2 cents to $27.47 after the beverage company reported fourth quarter revenue grew to $1.89 billion from $1.79 billion in the same quarter last year. Net income in the quarter increased to $113 million or 36 cents per diluted share compared to $97 million or 28 cents per diluted share in the year ago period.

Cisco Systems, Inc. ((CSCO)) fell 50 cents to $19.93 after the communication equipments maker reported second quarter net sales increased 11% to $11.5 billion from $10.4 billion in the same quarter last year. Net income in the quarter increased surged 44% to $2.2 billion or 40 cents per diluted share compared to $1.5 billion or 27 cents per diluted share in the year ago earlier.

Groupon, Inc. ((GRPN)) dropped 10.5% or $2.59 to $21.59 after the e-commerce retailer reported fourth quarter revenue surged 194% to $506.5 million from $172.2 million in the same quarter last year. Net loss in the quarter narrowed 89% to $42.7 million or $0.08 per diluted share compared to $378.6 million or $1.08 per diluted share in the year ago.

For 2011 revenue soared 419% to $1.83 billion from $0.73 billion in last year. Net loss for the year narrowed 23% to $350.8 million or $0.97 per diluted share compared to $456.3 million or $1.33 per share in the prior year.

Lorillard, Inc. ((LO)) soared 7.4% or $8.44 to $121.80 after the cigarettes maker reported fourth quarter reported fourth quarter net sales rose 9% to $1.6 billion from $1.5 billion in the same quarter last year. Net income in the quarter increased to $310 million or $2.32 per diluted share compared to $259 million or $1.74 per diluted share in the year ago period.

PepsiCo, Inc. ((PEP)) slipped 4.3% or $2.89 to $63.85 after the snack and beverage company reported fourth quarter revenue increased 11% to $20.2 billion from $18.2 billion in the same quarter last year. Net income in the quarter increased 4% to $1.42 billion or 89 cents per diluted share compared to $1.37 billion or 85 cents per diluted share in the year ago.

For 2011 revenue increased 15% to $66.5 billion from $57.8 billion in last year. Net income for the year rose 2% to $6.44 billion or $4.03 per diluted share compared to $6.32 billion or $3.91 per share in the prior year.

Thomson Reuters Corporation ((TRI)) fell 5 cents to $27.72 after the financial information provider reported fourth quarter revenue rose 3% to $3.6 billion from $3.5 billion in the same quarter last year. Net loss in the quarter swung to $2.6 billion or $3.11 per diluted share compared to net earnings of $0.23 billion or $0.27 per diluted share in the year ago.

For 2011 revenue rose 6% to $13.8 billion from $13.1 billion in last year. Net loss in the quarter swung to $1.4 billion or $1.67 per diluted share compared to net earnings of $0.9 billion or $1.08 per share in the prior year.

Teradata Corporation ((TDC)) gained 7.8% or $4.53 to $62.57 after the Internet storage infrastructure provider reported fourth quarter revenue soared 23% to $673 million from $548 million in the same quarter last year. Net income in the quarter increased 15% to $98 million or 57 cents per diluted share compared to $85 million or 50 cents per diluted share in the year ago earlier.

Visa Inc. ((V)) increased 5% or $5.50 to $113.85 after the payment service provider reported first quarter revenue increased 14% to $2.55 billion from $2.24 billion in the same quarter last year. Net income in the quarter increased to $1 billion or $1.49 per diluted share compared to $0.9 million or $1.23 per diluted share in the year ago.

Whole Foods Market, Inc. ((WFM)) increased 2.4% or $1.90 to $79.83 after the natural and organic food retailer reported first quarter sales increased 13% to $3.4 billion from $3 billion in the same quarter last year. Comparable store sales increased 9%. Net income in the quarter soared 33% to $118.3 million or 65 cents per diluted share compared to $88.7 million or 51 cents per diluted share in the year ago period.