U.S. Movers: AOL, CVS Caremark, DirecTV, Fossil, NYSE Euronext

Mukesh Buch
06 Nov, 2012
New York City

AOL third quarter net swung to $20.8 million profit. CVS Caremark net jumped 16% to $1.01 billion on sales growth. DirecTV third quarter net climbed 9% to $565 million as subscriber jumped. EOG Resources net slumped 34% and NYSE Euronext net declined 42% to $108 million.

[R]10:45 AM New York – AOL third quarter net swung to $20.8 million profit. CVS Caremark net jumped 16% to $1.01 billion on sales growth. DirecTV third quarter net climbed 9% to $565 million as subscriber jumped. EOG Resources net slumped 34% and NYSE Euronext net declined 42% to $108 million.[/R]

AOL Inc. ((AOL)) surged 8.2% or $2.97 to $38.84 after the online contents provider said total revenues in the third quarter ending in September were flat to $531.7 million in the same period of last year. Net income in the quarter swung to $20.8 million or 22 cents a diluted share compared to net loss $2.6 million or 2 cents a share a year ago earlier.

CVS Caremark Corporation ((CVS)) gained 13 cents to $46.73 after the pharmaceuticals retailer reported net revenues in the third quarter ending in September surged 13% to $30.2 billion from $26.7 billion in the same period of last year. Net income in the quarter jumped 16% to $1.01 billion or 79 cents a diluted share compared to $868 million or 65 cents a share a year ago.

Retail pharmacy same stores sales increased 4.3% and revenues in the pharmacy services segment soared 22.2% to $18.1 billion.

The company lifted fiscal 2012 diluted earnings per share from continuing operations outlook between $3.15 and $3.18 up from previous range of $3.09 to $3.15.

Calpine Corporation ((CPN) slid 6 cents to $17.54 after the electric power producer stated revenue in the third quarter ending in September dropped 9% to $2 billion from $2.21 billion in the same period of last year. Net income in the quarter surged 130% to $437 million or 94 cents diluted per share compared to $190 million or 39 cents a share a year ago period.

DirecTV ((DTV)) slipped 3.7% or $1.89 to $48.80 after the satellite TV provider reported revenue in the third quarter ending in September jumped 8% to $7.42 billion from $6.84 billion in the same period of last year. Net income in the quarter climbed 9% to $565 million or 90 cents a diluted share compared to $516 million or 70 cents a share a year ago.

The company said revenue increase from Latin America net subscriber growth of 543,000 and operating profit before depreciation and amortization jumped 8% to $1.25 billion.

EOG Resources, Inc. ((EOG)) climbed 5.3% or $6.20 to $123.01 after the oil and natural gas explorer reported revenue in the third quarter ending in September grew 3% to $2.95 billion from $2.86 billion in the same period of last year. Net income in the quarter slumped 34% to $355.5 million or $1.31 diluted share compared to $540.9 million or $2.01 per share a year ago.

Fossil, Inc. ((FOSL)) plummeted 12.1% or $11.41 to $82.69 after the fashion accessory distributor said net sales in the third quarter ending in September increased 6% to $684.2 million from $642.9 million in the same period of last year. Net income in the quarter climbed 10% to $76.8 million or $1.26 diluted per share compared to $69.6 million or $1.09 per share a year ago earlier.

The company expects fourth quarter diluted earnings per share in a range of $2.41 to $2.44 and for the fiscal earnings per share in a range of $5.53 to $5.56.

NYSE Euronext ((NYX)) dropped 3.3% or 86 cents to $24.76 after the market exchanges operator reported total revenues in the third quarter ending in September plunged 28% to $902 million from $1.26 billion in the same period of last year. Net income in the quarter tumbled 42% to $108 million or 44 cents a diluted share compared to $186 million or 71 cents a share a year ago.

Towers Watson & Co. ((TW)) decreased 28 cents to $53.52 after the business service provider stated total revenues in the first quarter ending in September increased 3% to $834 million from $810 million in the same period of last year. Net income in the quarter slipped 2% to $58.7 million or 82 cents a diluted share compared to $59.7 million or 82 cents a share a year ago period.