U.S. Movers: AIG, Duke Energy, Exelon, LinkedIn, AES, PPL Washington Post

Mukesh Buch
04 May, 2012
New York City

American International Group first quarter net surged 147% to $3.2 billion. Duke Energy first quarter net tumbled 42% to $295 million and Exelon plunged 70% to $200 million. Spectra Energy first quarter net soared 35% to $541 million and AES rose 7% to $515 million.

[R]11:25 AM New York – American International Group first quarter net surged 147% to $3.2 billion. Duke Energy first quarter net tumbled 42% to $295 million and Exelon plunged 70% to $200 million. Spectra Energy first quarter net soared 35% to $541 million and AES rose 7% to $515 million.[/R]

American International Group, Inc. ((AIG)) slumped 5% or $1.70 to $32.44 after the insurance company reported first quarter net premiums written decreased 3.7% to $8.8 billion from $9.2 billion in the same quarter last year. Net income in the quarter surged 147% to $3.2 billion or $1.71 per diluted share compared to $1.3 billion or 31 cents per share in the year ago.

CF Industries Holdings, Inc. ((CF)) dropped 5.8% or $11.56 to $185.77 after the fertilizer products maker reported first quarter net sales rose 30% to $1.5 billion from $1.2 billion in the same quarter last year. Net earnings in the quarter surged 31% to $368.4 million or $5.54 per diluted share compared to $282.0 million or $3.91 per share in the year ago earlier.

Duke Energy Corporation ((DUK)) rose 17 cents to $21.57 after the energy company reported first quarter revenue inched down 0.8% to $3.63 billion from $3.66 billion in the same quarter last year. Net income in the quarter tumbled 42% to $295 million or 22 cents per diluted share compared to $511 million or 38 cents per share in the year ago period.

Dolby Laboratories, Inc. ((DLB)) surged 19.4% or $7.29 to $44.89 after the audio technology reported first quarter revenue grew 4% to $260.3 million from $250.0 million in the same quarter last year. Net income in the quarter increased 7% to $88.1 million or 81 cents per diluted share compared to $82.1 million or 72 cents per share in the year ago earlier.

Exelon Corporation ((EXC)) fell 6 cents to $38.76 after the electric utility reported first quarter revenue slumped 5% to $4.69 billion from $4.96 billion in the same quarter last year. Net income in the quarter plunged 70% to $200 million or 28 cents per diluted share compared to $668 million or $1.01 per share in the year ago quarter.

LinkedIn Corporation ((LNKD)) advanced 8.1% or $8.89 to $118.38 after the online professional network provider the reported first quarter revenue increased 101% to $188.5 million from $93.9 million in the same quarter last year. Net income in the quarter surged 138% to $5.0 million or 4 cents per diluted share compared to $2.1 million or break even per share in the year ago.

PPL Corporation ((PPL)) increased 1% or 29 cents to $27.54 after the energy and utility holding company reported first quarter revenue fell 4% to $1.54 billion from $1.61 billion in the same quarter last year. Net income in the quarter slipped 6.7% to $361 million or 51 cents per diluted share compared to $382 million or 55 cents per share in the year ago earlier.

Spectra Energy Corp ((SE)) decreased 1.2% or 37 cents to $30.28 after the natural gas energy reported first quarter revenue surged 41% to $4.11 billion from $2.91 billion in the same quarter last year. Net income in the quarter soared 35% to $541 million or 93 cents per diluted share compared to $401 million or 82 cents per share in the year ago period.

The AES Corporation ((AES)) rose 5 cents to $12.26 after the power company reported first quarter total revenue grew 14% to $4.74 billion from $4.16 billion in the same quarter last year. Net income in the quarter rose 7% to $515 million or 44 cents per diluted share compared to $483 million or 28 cents per share in the year ago.

The Washington Post Company ((WPO)) fell $1.80 to $374.35 after the education and media company reported first quarter total revenue decreased 7% to $972.5 million from $1.04 billion in the same quarter last year. Net income in the quarter surged 105% to $31.0 million or $4.07 per diluted share compared to $15.1 million or $1.87 per share in the year ago earlier.

The Estee Lauder Companies Inc. ((EL)) slipped 3.9% or $2.55 to $61.60 after the beauty products maker reported third quarter net sales rose 4% to $2.25 billion from $2.17 billion in the same quarter last year. Net earnings in the quarter grew 5% to $130.4 million or 33 cents per diluted share compared to $124.7 million or 31 cents per share in the year ago quarter.