U.S. Movers: AOL, Dean Foods, Enbridge, Macy’s, Walt Disney

Mukesh Buch
09 May, 2012
New York City

AOL first quarter net surged 349% on advertising growth. Dean Foods first quarter net soared 50% and Enbridge first quarter net declined 27% to $264 million. Macy’s first quarter net surged 38% to $181 million. Walt Disney second quarter net soared 21% to $1.14 billion.

[R]11:25 AM New York – AOL first quarter net surged 349% on advertising growth. Dean Foods first quarter net soared 50% and Enbridge first quarter net declined 27% to $264 million. Macy’s first quarter net surged 38% to $181 million. Walt Disney second quarter net soared 21% to $1.14 billion.[/R]

AOL Inc. ((AOL)) gained 3% or 78 cents to $26.36 after the online contents provider first quarter revenue fell 5% to $529.4 million compared to $551.4 million in the same period last year. Net income in the quarter surged 349% to $21.1 million or 22 cents per diluted share compared to $4.7 million or 4 cents per share a year ago period.

AOL global advertising revenue rose 5% and fourth consecutive quarter of revenue growth.

Dean Foods Company ((DF)) advanced 5.8% or 74 cents to $13.46 after the food and beverage company reported first quarter net sales rose 5% to $3.21 billion compared to $3.05 billion in the same period last year. Net income in the quarter soared 50% to $37.9 million or 20 cents per diluted share compared to $25.3 million or 14 cents per share a year ago quarter.

The company expects second quarter adjusted earnings per share of 28 cents to 33 cents and raising full year guidance to a range of $1.10 and $1.20.

Dollar Thrifty Automotive Group, Inc ((DTG)) fell 51 cents to $80.02 after the rental of vehicles operator reported first quarter revenue edged up 2.3% to $356.3 million compared to $348.3 million in the same period last year. Net income in the quarter rose 4.7% to $40.4 million or $1.35 per diluted share compared to $16.5 million or 53 cents per share a year ago period.

Enbridge Inc. ((ENB)) fell 1.1% or 45 cents to $39.33 after the energy transports and distributor reported first quarter revenues rose 2% to $6.63 billion compared to $6.53 billion in the same period last year. Net income in the quarter declined 27% to $264 million or 34 cents per diluted share compared to $364 million or 48 cents per share a year ago earlier.

Generac Holdings Inc. ((GNRC)) dropped 6.9% or $2.01 to $26.88 after the generator maker reported first quarter net sales soared 137.6% to $294.6 million compared to $124 million in the same period last year. Net income in the quarter surged more than five folds to $30.1 million or 44 cents per diluted share compared to $4.8 million or 7 cents per share a year ago quarter.

Jive Software, Inc. ((JIVE)) declined 6.4% or $1.32 to $19.02 after the public cloud service provider reported first quarter revenue advanced 58% to $25.3 million compared to $16.1 million in the same period last year. Net loss in the quarter declined 39% to $8.9 million or 15 cents per diluted share compared to $14.5 million or 63 cents per share a year ago earlier.

Macy’s, Inc. ((M)) slumped 3.9% or $1.57 to $37.94 after the apparel and accessory retailer reported first quarter net sales rose 4.3% to $6.14 billion compared to $5.89 billion in the same period last year. Same store sales in the quarter rose 4.4% and online sales increased 33.7%.

Net income in the quarter surged 38% to $181 million or 43 cents per diluted share compared to $131 million or 30 cents per share a year ago.

The company reiterates guidance for earnings per diluted share in 2012 of $3.25 to $3.30 and same store sales to grow by approximately 3.5% for the remainder of the year.

MercadoLibre, Inc. ((MELI)) plunged 11.3% or $9.94 to $78.03 after the e-commerce platform provider reported first quarter net revenue surged 36% to $83.7 million compared to $61.5 billion in the same period last year. Net income in the quarter soared 39% to $19.6 million or 45 cents per diluted share compared to $14.1 million or 32 cents per share a year ago period.

Seattle Genetics, Inc. ((SGEN)) slipped 2.5% or 48 cents to $18.55 after the biotechnology company reported first quarter net sales surged 295% to $48.2 million compared to $12.2 million in the same period last year. Net loss in the quarter plunged 62% to $12.3 million or 11 cents per diluted share compared to $32.7 million or 30 cents per share a year ago period.

Teva Pharmaceutical Industries Ltd ((TEVA)) slumped 4.5% or $2.02 to $42.45 after the Israel based pharmaceutical company reported first quarter net revenues grew 25% to $5.1 billion compared to $4.1 billion in the same period last year. Net income in the quarter increased 13% to $859 million or 97 cents per diluted share compared to $761 million or 84 cents per share a year ago.

The Walt Disney Company ((DIS)) increased 1.5% or 69 to $44.99 after the entertainment company reported second quarter revenues grew 6% to $9.63 billion from $9.08 billion in the same quarter last year. Net income in the quarter soared 21% to $1.14 billion or 63 cents per diluted share compared to $942 million or 49 cents per share in the year ago earlier.

The Scotts Miracle-Gro Company ((SMG)) rose 17 cents to $46.31 after the horticulture products maker reported second quarter sales rose 4% to $1.17 billion compared to $1.13 billion in the same period last year. Net income in the quarter plunged 28% to $127.2 million or $2.05 per diluted share compared to $177.6 million or $2.63 per share a year ago quarter.