U.S. Movers - 2: Devon Energy, Exelon, Harley-Davidson, MasterCard

Sarla Buch
01 Aug, 2012
New York City

Devon Energy second quarter net tumbled 83% and Exelon net dropped 54%. Harley-Davidson second quarter net surged 30% and Macerich second quarter net swung to $133.4 million profit. MasterCard second quarter net surged 15% to $700 million.

[R]11:25 AM New York – Devon Energy second quarter net tumbled 83% and Exelon net dropped 54%. Harley-Davidson second quarter net surged 30% and Macerich second quarter net swung to $133.4 million profit. MasterCard second quarter net surged 15% to $700 million.[/R]

Devon Energy Corporation ((DVN)) slumped 3.4% or $1.93 to $57.27 after oil and gas explorer reported revenues in the second quarter ending in June declined 20% to $2.56 billion compared to $3.22 billion in the same period of last year. Net income in the quarter tumbled 83% to $477 million or $1.18 per diluted share compared to $2.74 billion or $6.48 per share a year ago.

In a separate statement today the company said it has signed an agreement with Sumitomo Corporation and plans to invest $1.4 billion.

Exelon Corporation ((EXC)) slid 1% or 40 cents to $38.72 after the electricity supplier reported revenues in the second quarter ending in June declined 20% to $5.95 billion compared to $4.50 billion in the same period of last year. Net income in the quarter dropped 54% to $286 million or 33 cents per diluted share compared to $620 million or 93 cents per share a year ago.

Energizer Holdings, Inc. ((ENR)) declined 9.9% or $7.61 to $70.16 after personal care products maker reported revenues in the third quarter ending in June slipped 20% to $1.12 billion compared to $1.23 billion in the same period of last year. Net income in the quarter tumbled 83% to $70.2 million or $1.06 per diluted share compared to $65.9 million or 94 cents per share a year ago period.

The company maintained outlook for the fiscal 2012 earnings per share in the range of $6 to $6.20 and estimated higher earnings per share in the fourth quarter from a year ago.

Harley-Davidson, Inc. ((HOG)) dropped 5% or $2.16 to $41.07 after the motorcycle manufacturer reported revenues in the second quarter ending in June soared 17% to $1.57 billion compared to $1.34 billion in the same period of last year. Net income in the quarter surged 30% to $247.2 million or $1.07 per diluted share compared to $190.6 million or 81 cents per share a year ago.

The company expected shipment to increase to 245,000 to 250,000 motorcycles to worldwide dealers and distributors in 2012, 5% to 7% increase from a year ago. In the third quarter the company expects to ship 51,000 to 56,000 motorcycles a decrease of 9.3% to 17.4% from the year-ago period.

IntercontinentalExchange, Inc. ((ICE)) decreased 1.8% or $2.36 to $128.86 after the futures and derivatives exchange operator reported revenues in the second quarter ending in June surged 8.6% to $716.4 million compared to $659.5 million in the same period of last year. Net income in the quarter soared 16.2% to $291.0 million or $3.97 per diluted share compared to $250.3 million or $3.37 per share a year ago period.

The Macerich Company ((MAC)) increased 1.1% or 67 cents to $59.08 after the real estate company reported revenues in the second quarter ending in June slipped 9.8% to $108.3 million compared to $120.1 million in the same period of last year. Net income in the quarter swung to $133.4 million or $1.00 per diluted share compared to net loss of $19.2 million or 15 cents per share a year ago earlier.

MasterCard Incorporated ((MA)) increased 1.1% or 66 cents to $59.07 after the payments processor reported revenues in the second quarter ending in June advanced 9% to $1.8 billion compared to $1.7 billion in the same period of last year.. Net income in the quarter surged 15% to $700 million or $5.55 per diluted share compared to $608 million or $4.76 per share a year ago.

Wisconsin Energy Corporation ((WEC)) rose 32 cents to $41.06 after the holding company reported revenues in the second quarter ending in June dropped 4.7% to $944.7 million compared to $991.7 million in the same period of last year. Net income in the quarter advanced 8.9% to $119.3 million or 51 cents per diluted share compared to $109.5 million or 46 cents per share a year ago quarter.