U.S. Movers: Caterpillar, Hasbro, Lennox Intl., Peabody, V.F. Corp.

Mukesh Buch
22 Oct, 2012
New York City

Caterpillar third quarter net soar 49% and lowered fiscal guidance. Freeport-McMoRan net declined 21% and Hasbro net slipped 4%. Lennox Intl. net dropped 13% and lifted fiscal outlook. Peabody net plunged 84% and V.F. Corp. net surged 27%.

[R]10:50 AM New York – Caterpillar third quarter net soar 49% and lowered fiscal guidance. Freeport-McMoRan net declined 21% and Hasbro net slipped 4%. Lennox Intl. net dropped 13% and lifted fiscal outlook. Peabody net plunged 84% and V.F. Corp. net surged 27%.[/R]

Caterpillar Inc. ((CAT)) gained 1.2% or $1.06 to $84.92 after the construction and mining equipments maker stated revenues in the third quarter ending in September grew 5% to $16.4 billion from $15.7 billion in the same period of last year. Net income in the quarter soared 49% to $1.70 billion or $2.54 a diluted share compared to $1.14 billion or $1.71 a share a year ago.

The company lowered full year sales and now expects to be about $66 billion and profit in the range of $9 to $9.25 per share from previous sales outlook of $68 to $70 billion with profit of about $9.60 per share

Freeport-McMoRan Copper & Gold Inc. ((FCX)) slid 30 cents to $40.84 after the mining company said revenues in the third quarter ending in September dropped 15% to $4.42 billion from $5.20 billion in the same period of last year. Net income in the quarter declined 21% to $824 million or 86 cents a diluted share compared to $1.05 billion or $1.10 a share a year ago earlier.

Hasbro, Inc. ((HAS)) increased 1.3% or 53 cents to $39.58 after the recreational products provider reported revenues in the third quarter ending in September slid 2% to $1.35 billion from $1.38 billion in the same period of last year. Net income in the quarter slipped 4% to $164.9 million or $1.24 a diluted share compared to $171 million or $1.27 a share a year ago period.

Lennox International Inc. ((LII)) climbed 4.2% or $2.08 to $50.58 after the climate control solution provider stated revenues in the third quarter ending in September grew 1% to $809.7 million from $801.2 million in the same period of last year. Net income in the quarter dropped 13% to $29.4 million or 57 cents a diluted share compared to $33.8 million or 64 cents a share a year ago earlier.

The company lifted its 2012 guidance ranges for revenue growth at constant currency from 3% to 6% to a range of 5% to 7% and earnings per shares between $2.30 and $2.60 to a range of $2.55 and $2.75.

Peabody Energy Corporation ((BTU)) surged 13.1% or $3.40 to $29.29 after the coal producer said revenues in the third quarter ending in September increased 6% to $2.06 billion from $1.98 billion in the same period of last year. Net income in the quarter plunged 84% to $42.9 million or 16 cents a diluted share compared to $274.1 million or $1 a share a year ago.

Australian revenues soared 39% to $147.3 million in volumes from expansion projects and acquired operations.

Peabody expects total sales for 2012 are to be at 240 million to 250 million tons and adjusted EBITDA of $1.75 billion to $1.85 billion and adjusted diluted earnings per share of $2.10 to $2.30.

Permira Advisers LLP, the private equity firm agreed to acquire online family history resource Ancestry.com Inc. ((ACOM)) valued for $1.6 billion or at $32 per share the price is 41% above than the closing price of June 5.

V.F. Corporation ((VFC)) slumped 4% or $6.79 to $159.98 after the apparel company reported revenues in the third quarter ending in September soared 14% to $3.12 billion from $2.73 billion in the same period of last year. Net income in the quarter surged 27% to $381.3 million or $3.42 a diluted share compared to $300.7 million or $2.69 a share a year ago period.

The apparel company lifted full year adjusted earnings per share are now expected to be between $9.60 from $9.50 per share guidance provided on July 19.