Coca Cola, Chipotle Rise; Diageo, Gildan Drop

123jump.com Staff
12 Feb, 2009
New York City

Aetna Inc gains after it reported better than expected earnings. Asiainfo Holdings, Chipotle Mexican Grill and Patni Computer Systems drop. BorgWarner and Potlatch Corporation surge. Gildan Activewear plunges 25% after the company declined to give earnings forecast.

[R]1:00PM New York – Aetna Inc gains 6%. Asiainfo Holdings, Chipotle Mexican Grill and Patni Computer Systems drop. BorgWarner and Potlatch Corporation surge.[/R]

Of the stocks in S&P 500 index, 34 increased, 462 declined and 4 were unchanged.

Centex Corporation led the decliners in the S&P 500 index with a loss of 11.0% followed by losses in HCP, Inc of 9.6%, in KB Home of 9.9%, in Lennar Corporation of 10.4%, in Masco Corporation of 9.9%.

The Coca-Cola Company led gainers in the S&P 500 index with a rise of 4.3% followed by gains in Life Technologies Corp of 5.9%, in Sprint Nextel Corporation of 4.2% and Teradata Corporation of 6.9%.

Other Movers

Aetna Inc ((AET)) gained 5.4% or $1.76 to $34.00 after the health insurer reported fourth quarter revenues rose 12% to $8.0 billion from $7.2 billion a year ago. Net income in the quarter fell 57% to $194.7 million or 42 cents per diluted share compared to net income of $448.4 million or 87 cents per share a year ago.

Asiainfo Holdings, Inc ((ASIA)) added 6.7% or 69 cents to $10.97 after the provider of telecom software solutions and IT security products and services in China said fourth quarter revenues rose 31.6% to $53.7 million from $40.8 million a year ago. Net income in the quarter fell 74% to $2.2 million or 5 cents per diluted share compared to net income of $8.5 million or 15 cents per share a year ago.

Activision Blizzard Inc ((ATVI)) fell 4.8% or 46 cents to $9.02 after the video-game maker said first quarter profit excluding some items will be 3 cents a share.

American Italian Pasta Company ((AIPC)) rose 15.5% or $4.21 to $30.95 after the maker of dry pasta reported earning $26 million or $1.23 per share for the three months ending January 2. By comparison, the company earned $1.4 million or 7 cents per share during the same period a year ago.

BorgWarner Inc ((BWA)) rose 4.1% or 79 cents to $19.68 after the global supplier of engineered systems and components for vehicle powertrain applications worldwide reported fourth quarter sales fell 32% to $931.5 million from $1.4 billion a year ago. Net loss in the quarter was $81.4 million or 70 cents per diluted share compared to net income of $71.2 million or 60 cents per share a year ago.

Buffalo Wild Wings, Inc ((BWLD)) added 26.4% or $5.79 to $27.70 after the restaurant chain fourth quarter net income grew 29% as recorded strong growth at its company owned stores.

Chipotle Mexican Grill, Inc ((CMG)) rose 8.5% or $4.03 to $51.45 after the restaurant chain's said fourth quarter revenues rose 19.5% to $345.3 million from $288.9 million a year ago. Net income in the quarter fell 3% to $17.0 million or 52 cents per diluted share compared to net income of $17.5 million or 53 cents per share a year ago.

The Coca-Cola Company ((KO)) rose 3.3% or $1.40 to $42.67 after the world's biggest soft drink maker reported fourth quarter revenues fell 3% to $7.13 billion from $7.33 billion a year ago. Net income in the quarter fell 18% to $995 million or 43 cents per diluted share compared to net income of $1.21 billion or 52 cents per share a year ago.

Diageo plc ((DEO)) fell 5.4% or $2.92 to $49.87 after the world’s biggest liquor maker cut its annual profit forecast on slowing sales of spirit and liquor.

Gildan Activewear Inc ((GIL)) fell 25.1% or $2.57 to $7.65 after the North America’s biggest T-shirt maker reported first quarter earnings per share of 4 cents, 1 cent better than the analyst estimate of 3 cents. The revenues for the quarter were $184 million and company declined to give outlook for the rest of the year.

JA Solar Holdings Co., Ltd ((JASO)) dropped 11.2% or 34 cents to $2.67 after the Chinese solar-cell manufacturer lowered 2009 revenue guidance to between $830 million and 952 million down from the earlier projection of $1.5 billion to 1.7 billion announced in November 2008.

Kohl’s Corporation ((KSS)) fell 5.4% or $2.06 to $35.87 after department-store chain was cut to “sell” from “neutral” at Goldman Sachs Group Inc.

NovaMed, Inc ((NOVA)) jumped 4.5% or 12 cents to $2.77 after the health care services company reported fourth quarter revenues rose 8.7% to $36.2 million from $33.3 million a year ago. Net income in the quarter was $2.4 million or 10 cents per diluted share compared to net loss of $10.5 million or 42 cents per share a year ago.

Patni Computer Systems Limited ((PTI)) plunged 3.3% or 20 cents to $5.80 after the provider of information technology services reported fourth quarter revenues rose 1.3% to $176.4 million from $174.1 million a year ago. Net income in the quarter fell 36.4% to $16.1 million or 12 cents per diluted share compared to net income of $25.3 million or 18 cents per share a year ago.

Potlatch Corporation ((PCH)) surged 6.6% or $1.73 to $27.90 after the real estate investment trust reported fourth quarter revenues fell 8% to $93.6 million from $101.7 million a year ago. Net loss in the quarter was $4.3 million or 11 cents per diluted share compared to net income of $11.2 million or 28 cents per share a year ago.

Stifel Financial Corp ((SF)) climbed 3.0% or $1.11 to $37.46 after the financial services company reported fourth quarter revenues rose 8% to $228.2 million from $212.2 million a year ago. Net income in the quarter rose 29% to $17.8 million or 59 cents per diluted share compared to net income of $13.8 million or 51 cents per share a year ago.

Strayer Education, Inc ((STRA)) dropped 17.9% or $40.42 to $185.68 after the for-profit provider of university Courses Company sees first quarter 2009 earnings per share to be in the range of $1.96 and $1.98 versus consensus estimates of $1.99. Strayer said winter 2009 total enrollments are up 22% versus same period last year.

Teradata Corporation ((TDC)) jumped 7.9% or $1.05 to $14.21 after the world’s largest company solely focused on data warehousing and enterprise analytics reported fourth quarter revenues rose 6% to $493 million from $466 million a year ago. Net income in the quarter was flat $79 million or 45 cents per diluted share compared to net income of $79 million or 43 cents per share a year ago.

Terex Corporation ((TEX)) slumped 26.4% or $3.60 to $10.02 after the world’s third-biggest maker of construction equipment reported a fourth quarter net loss and warned that it could violate a credit covenant before the end of the current quarter. The company also estimated sales would fall between 30% and 35%.

Willis Group Holdings Limited ((WSH)) gained 3.0% or 58 cents to $22.37 after the third largest global insurance broker said fourth quarter revenues rose 25% to $799 million from $639 million a year ago. Net income in the quarter fell 34.8% to $62 million or 37 cents per diluted share compared to net income of $95 million or 66 cents per share a year ago.

Winn-Dixie Stores, Inc ((WINN)) gained 5.0% or 57 cents to $11.97 after the grocery store chain reports second quarter loss of 5 cents ex-items, 1 cent better than the analyst estimate of ($0.06). Revenue for the quarter was $2.3 billion versus the consensus of $2.26 billion.

Zymogenetics, Inc ((ZGEN)) climbed 6.2% or 31 cents to $5.30 after the biopharmaceutical company said fourth quarter revenues rose 75.6% to $36.0 million from $20.5 million a year ago. Net loss in the quarter was $9.2 million or 13 cents per diluted share compared to net loss of $38.6 million or 56 cents per share a year ago.