Dow Chemical, Praxair, WellPoint, Rise; Boeing, Yahoo Decline

Mukesh Buch
29 Jan, 2014
New York City

Boeing net climbed 26%. Biogen revenue and profit surged. Dow Chemical net swung to a profit. Hess net soared but revenue dropped. Praxair net surged 15%. Valero net surged 28%. WellPoint net tumbled 68%. Yahoo revenue fell 6% but net climbed 28%.

[R]11:10 AM New York – Boeing net climbed 26%. Biogen revenue and profit surged. Dow Chemical net swung to a profit. Hess net soared but revenue dropped. Praxair net surged 15%. Valero net surged 28%. WellPoint net tumbled 68%. Yahoo revenue fell 6% but net climbed 28%.[/R]

The Boeing Company ((BA)) declined 4.9% or $6.69 to $130.40 after the aerospace company reported revenues in the fourth-quarter ending in December climbed 7% to $23.8 billion.

Net earnings in the quarter climbed 26% to $1.23 billion or $1.61 a diluted share compared to $978 million or $1.28.

Biogen Idec Inc ((BIIB)) slipped 67 cents to $304.98 after the biotechnology company stated total revenues in the fourth-quarter ending in December soared 39% to $2 billion.

Net income in the quarter surged 57% to $457.3 million or $1.92 a diluted share compared to $292.1 million or $1.23.

The Dow Chemical Company ((DOW)) climbed 4.4% or $1.93 to $44.99 after the diversified chemicals group said sales in the fourth-quarter ending in December climbed 17.8% to $14.4 billion.

Net in the quarter swung to a profit $963 million or 79 cents a diluted share compared to a loss of $716 million or 61 cents.

Hess Corp ((HES)) gained 1.1% or 87 cents to $77.65 after the integrated energy company reported total revenues in the fourth-quarter ending in December dropped 6% to $5.57 billion.

Net income in the quarter soared to $1.93 billion or $5.76 a diluted share compared to $374 million or $1.10.

Praxair, Inc ((PX)) jumped 2% or $2.58 to $128.24 after the industrial gases supplier reported sales in the fourth-quarter ending in December climbed 10% to $3 billion.

Net income in the quarter surged 14.5% to $474 million or $1.59 a diluted share compared to $414 million or $1.38.

For the first quarter of 2014, Praxair expects diluted earnings per share in the range of $1.48 to $1.53 growth of 7% to 11%.

For full year 2014, Praxair expects sales in the range of $12.3 billion to $12.8 billion and diluted earnings per share between $6.25 and $6.55 increase of 5% to 10% a year ago.

Phillips 66 ((PSX)) gained 61 cents to $75.69 after the energy explorer and distributor reported total revenue in the fourth-quarter ending in December slipped 1.8% to $43.8 billion.

Net income in the quarter climbed 16.7% to $826 million or $1.37 a diluted share compared to $708 million or $1.11.

Valero Energy Corporation ((VLO)) rose 1.9% or 90 cents to $51.18 after the petroleum refiner stated revenue in the fourth-quarter ending in December fell 0.9% to $34.4 billion.

Net income in the quarter surged 27.7% to $1.29 billion or $2.38 a diluted share compared to $1.01 billion or $1.82.

WellPoint, Inc ((WLP)) increased 2.5% or $2.18 to $86.48 after the health benefit company reported total revenue in the fourth-quarter ending in December jumped 16.3% to $17.6 billion.

Net income in the quarter tumbled 68.1% to $148.2 million or 49 cents a diluted share compared to $464.2 million or $1.51.

Yahoo! Inc ((YHOO)) plunged 7% or $2.69 to $35.53 after the online portal manager said revenues in the fourth-quarter ending in December dropped 6% to $1.3 billion.

Net income in the quarter climbed 27.9% to $348.2 million or 79 cents a diluted share compared to $272.3 million or 61 cents.