U.S. Movers: BP, Cummins, Comcast, Exelon, Hess, MasterCard

Mukesh Buch
31 Jul, 2013
New York City

BP net swung to a profit. Cummins net plunged 11%. Comcast net soared 28% and Exelon profit surged 71%. Humana net climbed 18%. Hess net surged 161%. MasterCard net soared 19%.

[R]11:20 AM New York – BP net swung to a profit. Cummins net plunged 11%. Comcast net soared 28% and Exelon profit surged 71%. Humana net climbed 18%. Hess net surged 161%. MasterCard net soared 19%.[/R]

The ADT Corporation ((ADT)) fell 10 cents to $41.99 after the electronic security provider reported revenue in the third quarter ending in June rose 2% to $833 million. Net income in the quarter climbed 11% to $113 million or 52 cents a diluted share compared to $102 million or 43 cents.

For the year, the company expects revenue increase in the range of 4.5% to 4.8%.

BP Plc ((BP)) slid 19 cents to $41.55 after the UK based oil and gas explorer reported revenue in the second quarter nearly flat at $94.71 billion from $94.98 billion. Net for the quarter swung to a profit $2.13 billion compared to loss of $1.47 billion and diluted earnings per share swung to $10.68 from a loss of $7.99.

Cummins Inc. ((CMI)) gained 1.2% or $1.40 to $119.63 after the diesel engine maker reported net sales in the second quarter ending in June increased 2% to $4.5 billion. Net income in the quarter plunged 11% to $414 million or $2.20 a diluted share compared to $465 million or $2.65.

Comcast Corporation ((CMCSA)) surged 5.7% or $2.44 to $45.15 after the communications products provider stated revenue in the second quarter ending in June jumped 7% to $16.3 billion. Net income in the quarter soared 28% to $1.73 billion or 65 cents a diluted share compared to $1.35 billion or 50 cents.

The company added operating income in the quarter jumped 11.6% to $3.44 billion.

Exelon Corporation ((EXC)) dropped 2.4% or 76 cents to $30.70 after the energy provider said revenue in the second quarter ending in June jumped 8% to $4.07 billion. Net income in the quarter surged 71% to $490 million or 57 cents a diluted share compared to $286 million or 33 cents.

Exelon reaffirmed operating earnings per share for the year between $2.35 and $2.65.

Humana Inc. ((HUM)) jumped 2.3% or $2.04 to $91.18 after the health care company said revenue in the second quarter ending in June advanced 6% to $10.3 billion. Net income in the quarter climbed 18% to $420 million or $2.62 a diluted share compared to $356 million or $2.16.

For the year, Humana expects consolidated revenue in the range of $40.75 billion to $41.25 billion and diluted earnings per share between $8.65 and $8.75.

Hess Corporation ((HES)) climbed 3.1% or $2.31 to $75.50 after the energy company stated total revenue in the second quarter ending in June surged 24% to $4.11 billion. Net income in the quarter surged 161% to $1.43 billion or $4.16 a diluted share compared to $549 million or $1.61.

MasterCard Inc ((MA)) increased 2.3% or $13.99 to $615.41 after the electronic payments service provider reported net revenue in the second quarter ending in June climbed 15% to $2.1 billion. Net income in the quarter soared 19% to $848 million or $6.96 a diluted share compared to $700 million or $5.55.

The company added cross-border volumes climbed 17% and processed transactions jumped 11% to 9.5 billion. Worldwide purchase volume for the quarter increased 12% to $734 billion.

As of June, the company’s customers had issued 1.9 billion MasterCard and Maestro-branded cards.

The Southern Company ((SO)) slipped 23 cents to $45.19 after the electric utility provider said total revenue in the second quarter grew 1.7% to $4.25 billion from $4.18 billion a year ago. Net income in the quarter declined 161% to $297 million or 34 cents a diluted share compared to $623 million or 71 cents.