U.S. Movers: Cognizant, CA, Marathon Oil, Walt Disney, Whole Foods

Mukesh Buch
08 May, 2013
New York City

Cognizant first quarter net climbed 17% and CA quarterly net soared 14%. Marathon Oil first quarter net dropped 8%. Papa John

[R]11:30 AM New York – Cognizant first quarter net climbed 17% and CA quarterly net soared 14%. Marathon Oil first quarter net dropped 8%. Papa John’s net soared 16% and Walt Disney second quarter net surged 32% and Whole Foods net surged 20%.[/R]

Cognizant Technology Solutions Corporation ((CTSH)) climbed 4.4% or $2.86 to $67.74 after the outsourcing service provider reported revenue in the first quarter ending in March surged 18% to $2.02 billion. Net income in the quarter climbed 17% to $284.2 million or 93 cents a diluted share compared to $243.7 million or 79 cents.

For the second quarter, the company expects revenue of $2.13 billion and diluted earnings per share of 97 cents.

For the year, the company expects revenue and anticipated approximately 7% to $8.60 billion and diluted earnings per share $3.95.

CA, Inc. ((CA)) slipped 2.3% or 65 cents to $27.12 after the information technology company reported revenues in the fourth quarter ending in March declined 3% to $1.15 billion. Net earnings in the quarter soared 14% to $242 million or 53 cents a diluted share compared to $211 million or 45 cents.

Huntington Ingalls Industries, Inc. ((HII)) fell 2.1% or $1.14 to $52.86 after the ship builder stated revenues in the first quarter ending in March decreased 0.6% to $1.56 billion. Net income in the quarter surged 33% to $44 million or 87 cents a diluted share compared to $33 million or 67 cents.

Marathon Oil Corporation ((MRO)) rose 20 cents to $34.53 after the energy company said revenues in the first quarter ending in March increased 1% to $4.10 billion. Net income in the quarter dropped 8% to $383 million or 54 cents a diluted share compared to $417 million or 59 cents.

Lamar Advertising Company ((LAMR)) dropped 2.7% or $1.32 to $47.28 after the advertising company reported net revenues in the first quarter ending in March climbed 7% to $283.5 million. Net loss in the quarter narrowed to $6.16 million or 7 cents a diluted share compared to $22.9 million or 25 cents.

For the second quarter, the Company expects net revenue in the range of $322 million to $325 million.

Oaktree Capital Group, LLC ((OAK)) slid 12 cents to $57 after the investment management firm stated revenues in the first quarter ending in March climbed 15% to $42.5 million. Net income in the quarter surged more than three-fold to $57.6 million or $1.91 a diluted share compared to $18.6 million or 82 cents.

Papa John’s International, Inc ((PZZA)) gained 1.4% or 93 cents to $66.76 after the pizza delivery reported revenues in the first quarter ending in March advanced 7% to $355.6 million. Comparable store sales in the quarter increased to 3.9%.

Net income in the quarter soared 16% to $19.3 million or 85 cents a diluted share compared to $17 million or 69 cents.

Operating income for the quarter jumped 8% to $29.6 million.

The domestic sales at company owned restaurants surged 9.8% to $14.1 million and comparable sales increased 3.9%. North America franchise royalty revenue increased 1% to $215,000 and domestic commissary sales increased 4.6% to $6.3 million, international revenues soared 18.2% to $3.1 million.

For the year, the Papa John’s expects diluted earnings per share in the range of $2.90 to $3.

The Walt Disney Company ((DIS)) slipped 1.6% or $1.10 to $64.97 after the entertainment company stated revenues in the second quarter ending in March jumped 10% to $10.6 billion. Net income in the quarter surged 32% to $1.51 billion or 83 cents a diluted share compared to $1.14 million or 63 cents.

The company added operating income in the quarter advanced 29% to 2.51 billion.

Whole Foods Market, Inc. ((WFM)) surged 10.8% or $10.08 to $102.88 after the natural and organic foods company said sales in the second quarter ending in March climbed 13% to $3.03 billion. Net income in the quarter soared 20% to $142 million or 76 cents a diluted share compared to $118 million or 64 cents.

For the year, the company expects diluted earnings per share between $2.86 and 2.89.

Williams Partners L.P. ((WPZ)) declined 3% or $1.54 to $49.86 after the natural gas transportation company reported revenues in the first quarter ending in March grew 5% to $684 million. Net income in the quarter plunged 21% to $321 million or 50 cents a diluted share compared to $408 million or 85 cents.