U.S. Movers: Costco, Dresser-Rand, Kroger, Staples

Mukesh Buch
01 Mar, 2012
New York City

Chrysler February sales soared 40%. Costco second quarter net increased to $394 million. Dresser-Rand fourth quarter net increased to $68.7 million. Edison International fourth quarter net loss swung to $839 million. Kroger fourth quarter net loss swung to $306.9 million.

[R]10:50 AM New York – Chrysler February sales soared 40%. Costco second quarter net increased to $394 million. Dresser-Rand fourth quarter net increased to $68.7 million. Edison International fourth quarter net loss swung to $839 million. Kroger fourth quarter net loss swung to$306.9 million.[/R]

Chrysler Group LLC, the automotive company said sales for February soared 40% to 133,521 units compared to 95,102 units from year ago month and best sales in the month since 2008. Total car sales surged 126% to 40,024 from 17,745 and total truck sales increased 21% to 93,497 from 77,357.

Costco Wholesale Corporation ((COST)) rose 15 cents to $85.91 after the specialty retailer reported second quarter net sales increased 10% to $22.51 billion from $20.45 billion in the same quarter last year. Comparable store sales increased 8%. Net income in the quarter increased to $394 million or 90 cents per diluted share compared to $348 million or 79 cents per diluted share in the year ago earlier.

Dresser-Rand Group Inc. ((DRC)) decreased 3.8% or $2.03 to $50.49 after the engineering equipments supplier reported fourth quarter total revenues soared 37% to $738 million from $537.2 million in the same quarter last year. Net income in the quarter increased to $68.7 million or 90 cents a diluted share compared to $51.9 million or 64 cents per diluted share in the year ago quarter.

Edison International ((EIX)) increased 2.5% or $1.07 to $42.94 after the power producer reported fourth quarter total revenue fell to $3.01 billion from $3.07 billion in the same quarter last year. Net loss in the quarter was $839 million or $2.57 a diluted share compared to net income of $166 million or 51 cents a diluted share in the year ago.

For 2011 net sales increased to $12.76 billion from $12.41 billion in last year. Net loss for the year was $37 million or 11 cents a diluted share compared to net income of $1,256 million or $3.82 per share in the prior year.

Royal Bank of Canada ((RY)) gained 3.1% or $1.76 to $57.98 after the Canada based bank reported first quarter total revenue rose to $5.64 billion from $5.46 billion in the same quarter last year. Net income in the quarter fell to $1.48 billion or $1.55 per diluted share compared to $1.56 billion or $1.67 per diluted share in the year ago period.

Staples, Inc. ((SPLS)) increased 1.6% or 24 cents to $14.90 after the office products supplier reported fourth quarter total sales rose to $6.46 billion from $6.41 billion in the same quarter last year. Net income in the quarter increased to $283.6 million or 41 cents per diluted share compared to $274.7 million or 38 cents per diluted share in the year ago period.

For 2011 net sales increased to $25.02 billion from $24.54 billion in last year. Net income for the year increased to $984.6 million or $1.40 per diluted share compared to $881.9 million or $1.21 per share in the prior year.

Sotheby’s ((BID)) dropped 9.3% or $3.67 to $35.67 after the auctioneer reported fourth quarter total revenues fell to $284.2 million from $317.9 million in the same quarter last year. Net income in the quarter decreased to $71.5 million or $1.04 per diluted share compared to $96.2 million or $1.38 per diluted share in the year ago quarter.

The Kroger Co. ((KR)) increased 2.7% or 65 cents to $24.44 after the grocery retailer reported fourth quarter total sales grew 7.7% to $21.4 billion from $19.9 billion in the same quarter last year. Net loss in the quarter swung to $306.9 million or 54 cents per diluted share compared to net income of $278.8 million or 44 cents per diluted share in the year ago period.

For 2011 net sales increased to $90.4 billion from $82.0 billion in last year. Net income for the year declined to $602.1 million or $1.01 per diluted share compared to $1,116.3 million or $1.74 per share in the prior year.

The Toronto-Dominion ((TD)) increased 2% or $1.66 to $83.18 after the Canada based bank reported first quarter total revenue increased to $7.57 billion from $7.22 billion in the same quarter last year. Net income in the quarter fell to $1.85 billion or $1.21 per diluted share compared to $1.95 billion or $1.27 per diluted share in the year ago.