U.S. Movers: American Tower, Express Scripts, Kohl

Mukesh Buch
23 Feb, 2012
New York City

American Tower fourth quarter net surged 141% to $201.3 million. Express Scripts fourth quarter net slumped to $290.4 million. Kohl

[R]11:25 AM New York – American Tower fourth quarter net surged 141% to $201.3 million. Express Scripts fourth quarter net slumped to $290.4 million. Kohl’s fourth quarter net slipped to $455 million. Sears Holdings fourth quarter net loss swung to $2.40 billion. Target fourth quarter net increased 5.2% to $981 million.[/R]

American Tower Corporation ((AMT)) slipped 1% or 66 cents to $62.60 after the communications infrastructure reported fourth quarter total revenue increased 19.3% to $653.2 million from $547.6 million in the same quarter last year. Net income in the quarter surged 141% to $201.3 million or 51 cents per diluted share compared to $83.5 million or 21 cents per diluted share in the year ago.

For 2011 total revenue increased 23.1% to $2.44 billion from $1.94 billion in last year. Net income for the year increased 5.3% to $392.7 million or 98 cents per diluted share compared to $372.9 million or 92 cents per share in the prior year.

Ameren Corporation ((AEE)) rose 24 cents to $32.08 after the electric transmission company reported fourth quarter total revenue decreased to $1.58 billion from $1.71 billion in the same quarter last year. Net income in the quarter declined to $25 million or 10 cents per diluted share compared to $52 million or 21 cents per diluted share in the year ago earlier.

For 2011 total revenue fell to $7.53 billion from $7.64 billion in last year. Net income for the year surged to $519 million or $2.15 per diluted share compared to $139 million or $0.58 per share in the prior year.

Ansys, Inc. ((ANSS)) decreased 3% or $2.01 to $64.00 after the engineering simulation software maker reported fourth quarter total revenue rose to $198.2 million from $166.6 million in the same quarter last year. Net income in the quarter fell to $47.5 million or 50 cents per diluted share compared to $49.1 million or 52 cents per diluted share in the year ago earlier.

Analog Devices, Inc. ((ADI)) decreased 1% or 42 cents to $39.40 after the integrated circuits maker reported first quarter revenue fell 11% to $648.1 million from $728.5 million in the same quarter last year. Net income in the quarter dropped to $139.4 million or 46 cents per diluted share compared to $222.1 million or 72 cents per diluted share in the year ago earlier.

Concho Resources Inc. ((CXO)) decreased 2.8% or $3.25 to $112.75 after the oil and gas explorer reported fourth quarter total revenue grew to $478.4 million from $316.0 million in the same quarter last year. Net loss in the quarter widened to $82.8 million or 81 cents per diluted share compared to $8.1 million or 8 cents per diluted share in the year ago quarter.

Continental Resources, Inc. ((CLR)) increased 1.3% or $1.20 to $93.77 after the oil and gas explorer reported fourth quarter total revenue increased to $508.3 million from $273.1 million in the same quarter last year. Net loss in the quarter widened to $112.1 million or 62 cents per diluted share compared to $45.0 million or 27 cents per diluted share in the year ago period.

Express Scripts, Inc. ((ESRX)) gained 3.5% or $1.83 to $53.46 after the health insurer reported fourth quarter revenue rose to $12.1 billion from $11.3 billion in the same quarter last year. Net income in the quarter slumped to $290.4 million or 59 cents per diluted share compared to $329.6 million or 62 cents per diluted share in the year ago earlier.

For 2011 revenue increased to $46.1 billion from $45.0 billion in last year. Net income for the year increased to $1.28 billion or $2.53 per diluted share compared to $1.18 billion or $2.17 per share in the prior year.

Fluor Corporation ((FLR)) increased 5% or $3.03 to $63.39 after the holding company reported fourth quarter revenue soared to $6.25 billion from $5.27 billion in the same quarter last year. Net earnings in the quarter increased to $153.1 million or 90 cents per diluted share compared to $117.1 million or 65 cents per diluted share in the year ago earlier.

For 2011 revenue increased to $23.4 billion from $20.8 billion in last year. Net earnings for the year soared to $593.7 million or $3.40 per diluted share compared to $357.5 million or $1.98 per share in the prior year.

Kohl’s Corporation ((KSS)) dropped 5.2% or $2.75 to $49.44 after the department stores operator reported fourth quarter net sales flat to $6.02 billion from $6.04 billion in the same quarter last year. Comparable store sales for the quarter decreased 2.1%. Net income in the quarter slipped 8% to $455 million or $1.81 per diluted share compared to $494 million or $1.66 per diluted share in the year ago earlier.

For 2011 revenue increased 2.2% to $18.8 billion from $18.4 billion in last year. Comparable store sales for the quarter rose 0.5%. Net income for the year increased 4% to $1.17 billion or $4.30 per diluted share compared to $1.12 billion or $3.66 per share in the prior year.

Sears Holdings Corp. ((SHLD)) soared 23.1% or $12.05 to $64.13 after the specialty retailer reported fourth quarter total revenues decreased to $12.5 billion from $13.0 billion in the same quarter last year. Comparable store sales for the quarter decreased 4.1%. Net loss in the quarter swung to $2.40 billion or $22.63 per diluted share compared to net income of $374 million or $3.43 per diluted share in the year ago earlier.

For 2011 revenue decreased to $41.6 billion from $42.7 billion in last year. Comparable store sales for the quarter fell 3%. Net loss for the year swung to $3.14 billion or $29.40 per diluted share compared net income of $133 million or $1.19 per share in the prior year.

Target Corporation ((TGT)) fell 7 cents to $52.90 after the specialty retailer reported fourth quarter total revenues rose 3% to $21.3 billion from $20.7 billion in the same quarter last year. Comparable store sales for the quarter decreased 2.2%. Net earnings in the quarter fell 5.2% to $981 million or $1.45 per diluted share compared to $1,035 million or $1.45 per diluted share in the year ago earlier.

For 2011 revenue increased 3.7% to $69.9 billion from $67.4 billion in last year. Comparable store sales for the quarter grew 3%. Net earnings for the year flat to $2.93 billion or $4.28 per diluted share compared to $2.92 billion or $4.00 per share in the prior year.