U.S. Movers: American Tower, Comcast, Hess, GM, LinkedIn, Pricewaterhouse

Mukesh Buch
30 Oct, 2013
New York City

American Tower net plummeted 22%. Comcast net plunged 18%. Hess net and revenue tumbled. GM net plunged 41% but sales grew 4%. LinkedIn net swung to a loss. Pricewaterhouse agreed to acquire Booz & Co. Southern Co net jumped 13%.

[R]11:55 AM New York – American Tower net plummeted 22%. Comcast net plunged 18%. Hess net and revenue tumbled. GM net plunged 41% but sales grew 4%. LinkedIn net swung to a loss. Pricewaterhouse agreed to acquire Booz & Co. Southern Co net jumped 13%.[/R]

American Tower Corporation ((AMT)) rose 0.1% or 5 cents to $80.34 after the communications infrastructure developer reported total revenue in the third-quarter ending in September climbed 13.3% to $807.9 million.

Net income in the quarter plummeted 22.4% to $180.1 million or 45 cents a diluted share compared to $232.1 million or 58 cents.

The company said revenue from domestic rental and management segment jumped 10.3% to $529.9 million and international rental and management segment revenue surged 22.8% to $266.6 million.

Ameriprise Financial, Inc. ((AMP)) jumped 2.1% or $2.40 to $101.79 after the financial service provider reported net revenues in the third-quarter ending in September climbed 14% to $2.8 billion. Net income in the quarter surged 120% to $382 million or $1.86 a diluted share compared to $173 million or 79 cents.

Comcast Corporation ((CMCSA)) slipped 1.2% or 56 cents to $47.15 after the entertainment, and communications service provider revenue in the third-quarter ending in September dropped 2.4% to $ to $16.2 billion.

Net income in the quarter plunged 18% to $1.73 billion or 65 cents a diluted share compared to $2.11 billion or 78 cents.

Revenue in the third quarter for cable communications jumped 5.2% to $10.5 billion and combined video, high-speed internet and voice customers increased climbed 14.9% to 337,000.

The company said revenue in the quarter from NBCUniversal segment declined 14.2% to $5.9 billion and revenue from the cable networks segment increased 4% to $2.2 billion.

Comcast added revenue from its broadcast television segment plummeted 41% to $1.6 billion and Filmed Entertainment segment revenue rose 3.3% to $1.4 billion. Theme parks revenue soared 7.9% to $661 million.

General Motors Corporation ((GM)) climbed 3.6% or $1.46 to $37.52 after the automobile company said revenues in the third-quarter ending in September grew 4% to $39 billion.

Net income in the quarter plunged 41% to $0.7 billion or 45 cents a diluted share compared to $1.5 billion or 89 cents.

Hess Corporation ((HES)) declined 3.8% or $3.19 to $80.42 after the energy company stated revenues in the third-quarter ending in September plummeted 23% to $2.7 billion. Net income in the quarter tumbled 25% to $420 million or $1.23 a diluted share compared to $557 million or $1.64.

LinkedIn Corporation ((LNKD)) plunged 7% or $13.66 to $233.48 after the professional network service provider reported total revenues in the third-quarter ending in September soared 56% to $393 million. Net in the quarter swung to a loss $3.4 million or 3 cents a diluted share compared to a profit of $2.3 million or 2 cents.

Praxair, Inc. ((PX)) gained 25 cents to $124.91 after the industrial gases supplier said sales in the third-quarter ending in September jumped 9% to $3 billion. Net income in the quarter rose 3% to $445 million or $1.49 a diluted share compared to $430 million or $1.43.

Public Service Enterprise Group Incorporated ((PEG)) rose 16 cents to $33.99 after the energy company stated revenue in the third-quarter ending in September climbed 6% to $2.55 billion. Net income in the quarter soared 12% to $390 million or 77 cents a diluted share compared to $347 million or 68 cents.

PricewaterhouseCoopers LLP, the privately held accounting firm agreed to acquire management consulting firm Booz & Co.

The Southern Company ((SO)) fell 30 cents to $42.25 after the electric utility provider reported revenue in the third-quarter ending in September slid 0.6% to $5.02 billion. Net income in the quarter jumped 13% to $852 million or 97 cents a diluted share compared to $976 million or $1.11.