U.S. Movers: Chico

Mukesh Buch
22 Feb, 2012
New York City

Chesapeake Energy fourth quarter net surged to $429 million and Dell Inc quarterly net declined 18% to $764 million. Hewlett-Packard first quarter net declined 44% to $1.47 billion. Retailer, TJX Companies fourth quarter net surged to $475.9 million. Toll Brothers swung to a quarterly loss.

[R]11:25 AM New York – Chesapeake Energy fourth quarter net surged to $429 million and Dell Inc quarterly net declined 18% to $764 million. Hewlett-Packard first quarter net declined 44% to $1.47 billion. Retailer, TJX Companies fourth quarter net surged to $475.9 million. Toll Brothers swung to a quarterly loss.[/R]

AGL Resources Inc. ((GAS)) fell 31 cents to $40.79 after the holding company reported fourth quarter net sales increased to $790 million from $665 million in the same quarter last year. Net income in the quarter declined to $33 million or 37 cents per diluted share compared to $64 million or 81 cents per diluted share in the year ago earlier.

Chico’s FAS, Inc. ((CHS)) soared 13.9% or $1.79 to $14.60 after the specialty retailer reported fourth quarter net sales increased 19.8% to $569.2 million from $475.0 million in the same quarter last year. Comparable sales increased 8.7%. Net income in the quarter
surged 25% to $25.1 million or 15 cents per diluted share compared to $20.7 million or 12 cents per diluted share in the year ago earlier.

Chesapeake Energy Corporation ((CHK)) slipped 1.5% or 38 cents to $24.24 after the oil and gas producer reported fourth quarter total revenue soared to $2.73 billion from $1.98 billion in the same quarter last year. Net income in the quarter surged to $429 million or 63 cents per diluted share compared to $180 million or 28 cents per diluted share in the year ago earlier.

For 2011 revenue increased to $11.6 billion from $9.37 billion in last year. Net income for the year fell to $1.57 billion or $2.32 per diluted share compared to $1.66 billion or $2.51 per share in the prior year.

Dell Inc. ((DELL)) dropped 6.4% or $1.17 to $17.04 after the computer peripherals maker reported fourth quarter revenue rose 2% to $16.0 billion from $15.7 billion in the same quarter last year. Net income in the quarter slipped 18% to $764 million or 43 cents per diluted share compared to $927 million or 48 cents per diluted share in the year ago.

For 2011 revenue grew 1% to $62.1 billion from $61.5 billion in last year. Net income for the year soared 33% to $3.5 billion or $1.88 per diluted share compared to $2.6 billion or $1.35 per share in the prior year.

Donaldson Company, Inc. ((DCI)) decreased 3.2% or $2.50 to $74.43 after the filtration systems maker reported second quarter net sales grew 8% to $581 million from $537 million in the same quarter last year. Net earnings in the quarter increased 21% to $54 million or 70 cents per diluted share compared to $45 million or 56 cents per diluted share in the year ago quarter.

Dollar Tree, Inc. ((DLTR)) fell 47 cents to $87.54 after the discount stores operator reported fourth quarter consolidated net sales increased 13% to $1.95 billion from $1.73 billion in the prior year. Net income for the quarter increased 16% to $187.9 million or
$1.60 per diluted share compared to net income of $162.5 million or $1.29 per share a year ago.

Garmin Ltd. ((GRMN)) soared 10.5% or $4.70 to $49.39 after the communication equipment provider reported fourth quarter total revenue rose 9% to $909.6 million from $837.7 million in the same quarter last year. Net income in the quarter increased to $165.5 million or 85 cents per diluted share compared to $132.9 million or 68 cents per
diluted share in the year ago earlier.

Hewlett-Packard Company ((HPQ)) slipped 1.5% or 46 cents to $28.89 after the hardware and software company reported first quarter revenue fell 7% to $30.0 billion from $32.3 billion in the same quarter last year. Net income in the quarter declined 44% to $1.47 billion or 73 cents per diluted share compared to $2.60 billion or $1.17 per diluted share in the year ago.

Herbalife Ltd. ((HLF)) gained 6.1% o $3.84 to $66.30 after the Cayman Islands based nutritional products seller reported fourth quarter net sales grew 23% to $884.6 million from $738.4 million in the same quarter last year. Net income in the quarter increased to
$105.4 million or 86 cents per diluted share compared to $86.3 million or 69 cents per diluted share in the year ago period.

Intuit Inc. ((INTU)) increased 2.6% or $1.54 to $59.06 after the software company reported second quarter total revenue increased 16% to $1.02 billion from $0.88 billion in the same quarter last year. Net income in the quarter increased to $118 million or 39 cents per diluted share compared to $73 million or 23 cents per diluted share in the year ago period.

The TJX Companies, Inc. ((TJX)) fell 17 cents to $35.05 after the off-price retailer reported fourth quarter net sales grew 6% to $6.7 billion from $6.3 billion in the same quarter last year. Comparable store sales for the quarter increased 7%. Net income in the quarter surged to $475.9 million or 62 cents per diluted share compared to $334.4 million or 42 cents per diluted share in the year ago earlier.

For 2011 revenue increased 6% to $23.2 billion from $21.9 billion in last year. Comparable store sales for the quarter increased 4%. Net income for the year increased to $1.50 billion or $1.93 per diluted share compared to $1.34 billion or $1.65 per share in the prior year.

Toll Brothers, Inc. ((TOL)) slipped 2.3% or 56 cents to $23.14 after the luxury homebuilder reported first quarter revenues fell 4% to $321.96 million from $334.12 million in the prior year. Net loss for the quarter was $2.79 million or 2 cents per diluted share compared with a profit of $3.42 million or 2 cents per share last year.

Waste Management, Inc. ((WM)) fell 6 cents to $35.04 after the recycling, and disposal service provider reported fourth quarter total revenue soared 27% to $3.71 billion from $2.92 billion in the same quarter last year. Net income in the quarter increased to $118 million or 39 cents per diluted share compared to $73 million or 23 cents per diluted share in the year ago period.

For 2011 revenue grew 1% to $13 billion from $10.2 billion in last year. Net income for the year soared 33% to $3.5 billion or $1.88 per diluted share compared to $2.6 billion or $1.35 per share in the prior year.