U.S. Movers: CA, Dillard's, JPMorgan, Nvidia, Nordstrom, Sotheby’s

Mukesh Buch
11 May, 2012
New York City

CA fourth quarter net gained 13% to $211 million and Copano Energy first quarter net loss widened to $147.7 million. JPMorgan dropped 7% after $2 billion loss linked to derivatives trading. Nvidia first quarter net declined 55% to $60.4 million. Nordstrom first quarter net rose 3% to $149 million.

[R]11:25 AM New York – CA fourth quarter net gained 13% to $211 million and Copano Energy first quarter net loss widened to $147.7 million. JPMorgan dropped 7% after $2 billion loss linked to derivatives trading. Nvidia first quarter net declined 55% to $60.4 million. Nordstrom first quarter net rose 3% to $149 million.[/R]

CA, Inc. ((CA)) decreased 1.3% or 36 cents to $26.05 after the IT management software and solutions company said fourth quarter revenues climbed 5% to $1.19 billion compared to $1.13 billion a year ago. Net income in the quarter gained 13% to $211 million or 45 cents per diluted share compared to net income of $188 million or 37 cents per share last year.

For fiscal year 2012 revenues increased 9% to $4.814 billion and net income climbed 14% to $938 compared to net income of $823 in the prior year.

Copano Energy, L.L.C. ((CPNO)) slipped 2.7% or 81 cents to $30.09 after the energy company reported first quarter revenue rose 16% to $337.2 million compared to $289.9 million in the same period last year. Net loss in the quarter widened to $147.7 million or $2.20 per diluted share compared to $3.5 million or 7 cents per share a year ago earlier.

Dillard''s, Inc. ((DDS)) advanced 7.8% or $5.20 to $71.39 after the fashion specialty retailer reported first quarter net sales rose 5.4% to $1.55 billion compared to $1.47 billion in the same period last year. Comparable store sales increased 5%.

Net earnings in the quarter increased 2.9% to $95.0 million or $1.89 per diluted share compared to $76.7 million or $1.31 per share a year ago.

Enerplus Corporation ((ERF)) fell 7 cents to $16.75 after the Canada based oil and gas explorer reported first quarter revenue rose 16% to $339.0 million compared to $318.7 million in the same period last year. Net loss in the quarter swung to $33.8 million or 18 cents per diluted share compared to $29.5 million or 16 cents per share a year ago earlier.

Gordmans Stores, Inc. ((GMAN)) gained 4.5% or 81 cents to $18.76 after the specialty store operator reported first quarter net sales grew 13.8% to $133.9 million compared to $117.7 million in the same period last year. Comparable store sales increased 4.7%. Net income in the quarter increased 10.6% to $8.1 million or 41 cents per diluted share compared to $7.3 million or 38 cents per share a year ago quarter.

JPMorgan Chase & Co. ((JPM)) declined 7.7% or $3.16 to $37.58 after the financial holding company reported in a regulatory filing a surprise loss of $2 billion linked to mark to market securities in its proprietary trading account involving derivatives.

McDermott International, Inc. ((MDR)) surged 15.8% or $1.57 to $11.46 after the engineering and construction company reported first quarter revenue decreased 19% to $727.68 million from $899.24 million in the same quarter last year. Net income in the quarter declined 11% to $62.76 million or 26 cents per diluted share compared to net income of $70.42 million or 30 cents per share in the prior-year quarter.

Nvidia Corporation ((NVDA)) soared 8.4% or $1.05 to $13.47 after the graphics chip maker reported first quarter revenue fell 4% to $924.9 million compared to $962.0 million in the same period last year. Net income in the quarter declined 55.3% to $60.4 million or 10 cents per diluted share compared to $135.2 million or 22 cents per share a year ago period.

Revenue outlook for the second quarter is expected to be between $990 million and $1.05 billion.

Nordstrom, Inc. ((JWN)) decreased 2.7% or $1.48 to $52.05 after the fashion specialty retailer reported first quarter net sales soared 13.7% to $2.53 billion compared to $2.23 billion in the same period last year. Same store sales increased 8.5%.

Net earnings in the quarter increased 2.9% to $149 million or 70 cents per diluted share compared to $145 million or 65 cents per share a year ago.

Nuance Communications, Inc. ((NUAN)) fell 3 cents to $23.06 after the voice and language solution provider reported second quarter revenue soared 22.4% to $390.3 million compared to $319.0 million in the same period last year. Net income in the quarter falls to $0.9 million or break even per diluted share compared to $1.7 million or 1 cent per share a year ago.

Panasonic Corporation ((PC)) slides 2% or 15 cents to $7.06 after the Japan-based electronics manufacturer reported fiscal year 2012 net sales dropped 10% to 7.85 trillion yen from 8.69 trillion yen a year ago. Net loss for the year was 772.17 billion yen compared to a net profit of 74.02 billion yen reported last year. Loss per basic share was 333.96 yen compared to profit per share of 35.75 yen in the prior year.

Sotheby’s ((BID)) decreased 1.3% or 45 cents to $33.59 after the auctioneer reported first quarter revenue fell 12% to $105.0 million compared to $119.6 million in the same period last year. Net loss in the quarter swung to $10.7 million or 16 cents per diluted share compared to net income of $2.4 million or 3 cents per share a year ago.