U.S. Movers: Applied Materials, Campbell Soup, Enbridge, Heinz, Nordstrom

Mukesh Buch
17 Feb, 2012
New York City

Applied Materials first quarter net slumped to $117 million. Campbell Soup second quarter net slipped to $205 million. H. J. Heinz third quarter net increased to $284.7 million. Nordstrom fourth quarter net increased to $236 million.

[R]11:25 AM New York – Applied Materials first quarter net slumped to $117 million. Campbell Soup second quarter net slipped to $205 million. H. J. Heinz third quarter net increased to $284.7 million. Nordstrom fourth quarter net increased to $236 million.[/R]

Applied Materials, Inc. ((AMAT)) increased 1.4% or 19 cents to $13.40 after the semiconductors maker reported first quarter net sales fell to $2.19 billion from $2.69 billion in the same quarter last year. Net income in the quarter slumped to $117 million or 9 cents per diluted share compared to $506 million or 38 cents per diluted share in the year ago earlier.

Brookfield Asset Management Inc. ((BAM)) rose 9 cents to $31.61 after the asset management company reported fourth quarter total revenues increased to $4.12 billion from $3.67 billion in the same quarter last year. Net income in the quarter declined to $960 million or 90 cents per diluted share compared to $2,071 million or $1.86 per diluted share in the year ago period.

For 2011 total revenue increased to $15.9 billion from $13.6 billion in last year. Net income for the year increased to $3.67 billion or $3.00 per diluted share compared to $3.19 billion or $2.40 per share in the prior year.

Campbell Soup Company ((CPB)) decreased 3.2% or $1.03 to $33.09 after the food processing company reported second quarter net sales edged down to $2.11 billion from $2.13 billion in the same quarter last year. Net income in the quarter slipped to $205 million or 64 cents per diluted share compared to $239 million or 71 cents per diluted share in the year ago period.

EOG Resources, Inc. ((EOG)) decreased 1% or $1.21 to $116.41 after the gas and oil explorer reported fourth quarter total revenues increased to $2.77 billion from $1.79 billion in the same quarter last year. Net income in the quarter soared to $120.7 million or 45 cents per diluted share compared to $53.7 million or 21 cents per diluted share in the year ago.

For 2011 total revenue increased to $10.1 billion from $6.1 billion in last year. Net income for the year surged to $1.1 billion or $4.10 per diluted share compared to $0.16 billion or $0.63 per share in the prior year.

Enbridge Inc. ((ENB)) slipped 3.7% or $1.46 to $37.92 after the Canada based energy transportation company reported fourth quarter total revenues increased to $5.44 billion from $4.14 billion in the same quarter last year. Net earnings in the quarter increased to $335 million or 44 cents per diluted share compared to $326 million or 43 cents per diluted share in the year ago earlier.

For 2011 total revenue increased to $19.4 billion from $15.1 billion in last year. Net earnings for the year rose to $991 million or $1.30 per diluted share compared to $963 million or $1.29 per share in the prior year.

H. J. Heinz Company ((HNZ)) gained 4% or $2.11 to $54.21 after the food processing company reported third quarter sales rose to $2.92 billion from $2.72 billion in the same quarter last year. Net income in the quarter increased to $284.7 million or 88 cents per diluted share compared to $273.8 million or 84 cents per diluted share in the year ago period.

K-Swiss Inc. ((KSWS)) dropped 10.6% or 40 cents to $3.35 the sports and fitness products maker said fourth quarter total revenues increased 17.8% to $50.2 million from $42.6 million in the same quarter last year. Net loss in the quarter widened to $25.2 million or 71 cents per diluted share compared to $20.6 million or 58 cents per diluted share in the year ago quarter.

Nvidia Corporation ((NVDA)) fell 15 cents to $16.30 after visual computing product provider reported fourth quarter total revenues fell to $953.2 million from $1,066.2 million in the same quarter last year. Net income in the quarter dropped to $116.0 million or 19 cents per diluted share compared to $178.3 million or 29 cents per diluted share in the year ago earlier.

For 2011 total revenue increased to $4.0 billion from $3.5 billion in last year. Net income for the year soared to $581.1 billion or 94 cents per diluted share compared to $253.1 billion or 43 cents per share in the prior year.

Nordstrom, Inc. ((JWN)) decreased 1.6% or 87 cents to $51.31 after the fashion specialty retailer reported fourth quarter net sales increased 12.5% to $3.17 billion from $2.82 billion in the same quarter last year. Fourth quarter same store sales increased 7.1%.

Net earnings in the quarter increased to $236 million or $1.11 per diluted share compared to $232 million or $1.04 per diluted share in the year ago period.

For 2011 total revenue increased to $10.5 billion from $9.3 billion in last year. For the year same store sales increased 7.2%. Net earnings for the year increased 11.4% to $683 million or $3.14 per diluted share compared to $613 million or $2.75 per share in the prior year.

Ventas, Inc. ((VTR)) decreased 1.3% or 76 cents to $56.84 after the real estate company reported fourth quarter total revenues increased to $571.4 million from $266.0 million in the same quarter last year. Net income in the quarter surged to $192.9 million or 66 cents per diluted share compared to $77.6 million or 49 cents per diluted share in the year ago.