U.S. Movers: Alcoa, AZZ, Celgene, Clearwire, Global Payments

Mukesh Buch
09 Jan, 2013
New York City

Alcoa fourth quarter net swung to $242 million profit. Apollo Group plunged 10% after quarterly net declined 11%. AZZ third quarter net soared 15%. Clearwire received unsolicited offer from Dish Network. Global Payments second quarter net soared 15%.

[R]10:10 AM New York – Alcoa fourth quarter net swung to $242 million profit. Apollo Group plunged 10% after quarterly net declined 11%. AZZ third quarter net soared 15%. Clearwire received unsolicited offer from Dish Network. Global Payments second quarter net soared 15%.[/R]

Alcoa Inc. ((AA)) gained 6 cents to $9.17 after the aluminum producer reported revenue in the fourth quarter ending in December dropped 2% to $5.90 billion from $5.99 billion in the same period of last year. Net income the quarter swung to $242 million or 21 cents per diluted share compared to net loss of $191 million or 18 cents a share a year ago.

In 2013, Alcoa expects global aluminum demand growth of 7%, up from 6% in 2012.

AZZ incorporated ((AZZ)) increased 1% or 40 cents to $40.21 after the electrical equipments maker stated net sales in the third quarter ending in November advanced 29% to $149.7 million from $116.5 million in the same period of last year. Net income in the quarter soared 15% to $15.4 million or 60 cents per diluted share compared to $10 million or 39 cents a share a year ago period.

The AZZ said backlog at the end of third quarter was $215.8 million and the company revised fiscal year 2013 guidance for revenues to be in the range of $575 million to $585 million and earnings per diluted share between $2.35 and $2.45.

Apollo Group, Inc. ((APOL)) declined 10.5% or $2.25 to $18.68 after the education provider said net sales in the first quarter ending in November slipped 9% to $1.06 billion from $1.17 billion in the same period of last year. Net income in the quarter dropped 11% to $133.5 million or $1.18 per diluted share compared to $149.3 million or $1.14 a share a year ago earlier.

The company expects net revenue for fiscal year 2013 between $3.65 billion and $3.75 billion.

Celgene Corporation ((CELG)) slipped 51 cents to $90.85 after the biopharmaceutical company estimated 2013 total net sales to increase 11.4% to $6 billion and REVLIMID net sales are expected to be in the range of $4.1 billion to $4.2 billion. Adjusted diluted earnings per share expected to increase 12% to 14% or in the range of $5.50 to $5.60.

Clearwire Corporation ((CLWR)) soared 7.4% or 22 cents to $3.14 after the broadband service provider received unsolicited non-binding proposal from Dish Network Corporation to acquire all common stock for $3.30 a share.

Constellation Brands, Inc. ((STZ)) decreased 18 cents to $35.97 after the beverage maker reported net sales in the third quarter ending in November jumped 9% to $766.9 million from $700.7 million in the same period of last year. Net income in the quarter surged 18% to $109.5 million or 58 cents per diluted share compared to $104.8 million or 52 cents a share a year ago period.

Global Payments Inc. ((GPN)) climbed 5.2% or $2.43 to $48.50 after the electronic payment provider stated net sales in the second quarter ending in November jumped 11% to $588.5 million from $530.5 million in the same period of last year. Net income in the quarter soared 15% to $70.2 million or 89 cents a diluted share compared to $61.2 million or 78 cents a share a year ago quarter.

For the fiscal year 2013, the company expects annual revenue in the range of $2.36 billion to $2.40 billion or an increase between 7% and 9% from a year ago.

Shaw Communications Inc. ((SJR)) gained 11 cents to $22.94 after the Canada based diversified reported net sales in the first quarter ending in November grew 3% to $1.32 billion from $1.28 billion in the same period of last year. Net income in the quarter jumped 16% to $235 million or 49 cents per diluted share compared to $202 million or 43 cents a share a year ago.

The Shaw said cable division revenue rose 2% to $809 million and satellite revenue improved 2% to $214 million. Revenue in the media division increased almost 7% to $319 million.

WD-40 Company ((WDFC)) jumped 5.5% or $2.67 to $50.44 after the consumer products provider said net sales in the first quarter ending in November climbed 12% to $95.3 million from $84.9 million in the same period of last year. Net income in the quarter surged 61% to $10.9 million or 69 cents a diluted share compared to $6.8 million or 42 cents a share a year ago earlier.

The company expects fiscal 2013 net sales between $356 million and $370 million and net income in the range of $36.5 million to $38 million and diluted earnings per share between $2.31 and $2.40.