U.S. Movers: Actuant, Chrysler, Ford, GM, NYSE Euronext, Paychex

Mukesh Buch
01 Oct, 2013
New York City

Actuant net swung to a profit. Chrysler said September sales rose 1%, Ford sales climbed 6% and General Motor sales declined 11%. Diamond Foods plunged as net loss widened. NYSE Euronext sold its 12% stake in Qatar Exchange to Qatar Investment Authority. Paychex net climbed 6%.

[R]11:35 AM New York – Actuant net swung to a profit. Chrysler said September sales rose 1%, Ford sales climbed 6% and General Motor sales declined 11%. Diamond Foods plunged as net loss widened. NYSE Euronext sold its 12% stake in Qatar Exchange to Qatar Investment Authority. Paychex net climbed 6%.[/R]

Actuant Corporation ((ATU)) rose 18 cents to $39.02 after the industrial products maker reported net sales in the fourth-quarter ending in August increased 2% to $327.3 million. Net in the quarter swung to a profit $58.3 million or 78 cents a diluted share compared to a loss of $16.5 million or 22 cents.

Acuity Brands, Inc. ((AYI)) climbed 6.7% or $6.14 to $98.16 after the lighting solutions provider net sales in the fourth-quarter ending in August jumped 13% to $579.8 million. Net income in the quarter soared 35% to $44.9 million or $1.03 a diluted share compared to $33.3 million or 78 cents.

Chrysler Group LLC, the U.S. based third largest automaker said auto sales rose 1% from a year ago and sales increased for the 42nd consecutive month as sales rose to 143,017 units in September.

Total car sales increased 3% to 43,487 from 42,050 and total truck sales during the month were nearly flat at 99,530 from 99,991 a year ago month.

Diamond Foods, Inc. ((DMND)) plunged 12.3% or $2.90 to $20.65 after packaged food company said net sales in the fourth-quarter ending in July dropped 11% to $199.8 million. Net loss in the quarter widened to $147.1 million or $6.71 a diluted share compared to $32.9 million or $1.52.

Ford Motor Company ((F)) gained 2.2% or 36 cents to $17.24 after the global automotive industry reported September totaled sales climbed 6% to 185,146, delivering best September month sales since 2006.

General Motor Corporation ((GM)) slid 3 cents to $35.95 after the total U.S. vehicle sales for September declined 11% to 187,195 units from 210,245 units in the prior year month.

NYSE Euronext ((NYX)) increased 26 cents to $42.23 after the trading platform provider sold its 12% stake in Qatar Exchange to the Qatar Investment Authority a subsidiary of Qatar sovereign fund.

Paychex, Inc. ((PAYX)) slipped 2.7% or $1.11 to $39.53 after the business services provider reported total revenue in the first-quarter jumped 5% to $597.9 million. Net income in the quarter climbed 6% to $162.8 million or 44 cents a diluted share compared to $153.1 million or 42 cents.

Paychex added revenue in the quarter from payroll service segment rose 2% to $395.2 million and revenue from the human resource services segment soared 11% to $202.7 million. Operating income increased 7% to $255.1 million.