CVS, Whole Foods Drop; Cisco Rises

Mayank Mehta
05 Nov, 2009
New York City

CVS Caremark Corporation led the decliners in the S&P 500 index with a loss of 19.4%. Whole Foods plunged 15% after it reported weaker than expected earnings. Children

[R]1:20 PM New York – CVS Caremark Corporation led the decliners in the S&P 500 index with a loss of 19.4%. Whole Foods plunged 15% after it reported weaker than expected earnings. Children’s Place Retail increased after it reported monthly sales increase. Cisco System gained 2.6% on positive outlook.[/R]

Of the stocks in S&P 500 index, 428 increased, 68 declined and 3 were unchanged.

CVS Caremark Corporation led the decliners in the S&P 500 index with a loss of 19.4% followed by losses in Whole Foods Market, Inc of 12.0%, in CF Industries Holdings, Inc of 7.0%, in Murphy Oil Corporation of 6.5% and in J. C. Penney Company, Inc of 5.9%.

IMS Health Incorporated led gainers in the S&P 500 index with a rise of 18.4% followed by gains in CareFusion Corporatio 5.9%, in Dynegy Inc of 5.8% and in D.R. Horton, Inc of 4.1%.

Other Movers

American Medical Systems Holdings Inc ((AMMD)) added 5.1% or 80 cents to $16.25 after the supplier of urological medical devices said third quarter sales rose 5% to $123.2 million from $117.5 million a year ago. Net income in the quarter rose 717% to $28.6 million or 38 cents per diluted share compared to net income of $3.5 million or 5 cents per share a year ago.

The Andersons, Inc ((ANDE)) advanced 6.6% or $1.99 to $31.98 an agricultural and transportation company said third quarter sales fell 33.6% to $601.0 million from $905.7 million a year ago. Net income in the quarter fell 90% to $1.3 million or 7 cents per diluted share compared to net income of $12.8 million or 70 cents per share a year ago.

ATP Oil & Gas Corporation ((ATPG)) plunged 9.4% or $1.71 to $16.40 an oil and gas company reported third quarter revenues fell 36.6% to $75.0 million from $118.3 million a year ago. Net loss in the quarter was $9.1 million or 20 cents per diluted share compared to net income of $36.5 million or $1.02 per share a year ago.

Bowne & Co., Inc ((BNE)) decreased 3.1% or 20 cents to $6.30 after the provider of shareholder and marketing communications services said third quarter sales fell 9.3% to $148.8 million from $164 million a year ago. Net loss in the quarter was $7.5 million or 21 cents per diluted share compared to net loss of $11.6 million or 41 cents per share a year ago.

Career Education Corporation ((CECO)) surged 12.1% or $2.52 to $23.30 after the trade schools operator said third quarter sales rose 14% to $459.9 million from $403 million a year ago. Net income in the quarter was $20.8 million or 25 cents per diluted share compared to net loss of $147,000 or break even per share a year ago.

The Children’s Place Retail Stores, Inc ((PLCE)) increased 7.9% or $2.56 to $34.96 after the specialty retailer of children’s apparel and accessories today announced net sales of $149.8 million for the four-week period ended October 31, 2009, a 3% increase compared to net sales of $144.9 million for the four-week period ended November 1, 2008.

Cigna Corporation ((CI)) increased 5.1% or $1.47 to $29.78 after the health insurer reported third quarter sales fell 7% to $4.52 billion from $4.85 billion a year ago. Net income in the quarter rose 92.4% to $329 million or $1.19 per diluted share compared to net income of $171 million or 62 cents per share a year ago.

Conseco, Inc ((CNO)) rose 1.6% or 9 cents to $5.48 after the life and accident insurer said third quarter revenues rose 10% to $1.12 billion from $1.02 billion a year ago. Net income in the quarter was $15.4 million or 8 cents per diluted share compared to net loss of $183.3 million or 99 cents per share a year ago.

CVS Caremark Corporation ((CVS)) plunged 20% or $7.27 to $36.15 after the pharmaceutical retailer reported third quarter sales rose 17.7% to $24.6 billion from $20.9 billion a year ago. Net income in the quarter rose 39% to $1.02 billion or 71 cents per diluted share compared to net income of $732.5 million or 50 cents per share a year ago.

The company lifted its annual earnings outlook from continuing operations excluding the tax benefit between $2.61 and $2.64 a share from the previous estimate range of $2.59 and $2.64 a share.

Cisco Systems, Inc ((CSCO)) increased 2.5% or 58 cents to $23.88 after the maker of networking equipment said first quarter sales decreased 13% to $9.0 billion from $10.3 billion a year ago.

DexCom, Inc ((DXCM)) rose 0.8% or 6 cents to $7.00 after the medical device company said third quarter revenues rose 284% to $7.3 million from $1.9 million a year ago. Net loss in the quarter was $13.5 million or 29 cents per diluted share compared to net loss of $15.6 million or 53 cents per share a year ago.

DynCorp International Inc ((DCP)) climbed 0.7% or 13 cents to $17.12 after the military contractor said second quarter revenues rose 5.4% to $821.4 million from $779.2 million a year ago. Net income in the quarter rose 60% to $20.6 million or 37 cents per diluted share compared to net income of $12.9 million or 23 cents per share a year ago.

Dr Pepper Snapple Group, Inc ((DPS)) rose 0.6% or 19 cents to $28.01 after the distributor of non-alcoholic beverages reported third quarter sales fell 4% to $1.43 billion from $1.49 billion a year ago. Net income in the quarter rose 42.5% to $151 million or 59 cents per diluted share compared to net income of $106 million or 41 cents per share a year ago.

Dynegy Inc ((DYN)) dropped 5.0% or 10 cents to $1.87 after the power company reported third quarter sales fell 62% to $673 million from $1.76 billion a year ago. Net loss in the quarter was $212 million or 25 cents per diluted share compared to net income of $605 million or 72 cents per share a year ago.

EnergySolutions, Inc ((ES)) rose 2.4% or 21 cents to $8.93 after the provider of specialized, technology-based nuclear services said third quarter revenues fell 13% to $364.9 million from $419.5 million a year ago. Net income in the quarter rose 18.3% to $12.9 million or 15 cents per diluted share compared to net income of $10.9 million or 12 cents per share a year ago.

Evergreen Solar, Inc ((ESLR)) increased 2.1% or 3 cents to $1.45 after the manufacturer of solar power products said third quarter revenues rose 251.6% to $77.7 million from $22.1 million a year ago. Net loss in the quarter was $82.4 million or 40 cents per diluted share compared to net loss of $24.6 million or 19 cents per share a year ago.

Frontier Oil Corporation ((FTO)) fell 0.7% or 10 cents to $13.80 after the energy company reported third quarter revenues fell 45.5% to $1.2 billion from $2.2 billion a year ago. Net loss in the quarter was $15.1 million or 15 cents per diluted share compared to net income of $72.3 million or 70 cents per share a year ago.

Given Imaging Ltd ((GIVN)) added 5.9% or 85 cents to $15.19 after the manufacturer of diagnostic products said third quarter revenues rose 13% to $35.2 million from $31.1 million a year ago. Net income in the quarter rose 81% to $3.8 million or 13 cents per diluted share compared to net income of $2.1 million or 7 cents per share a year ago.

IMS Health Incorporated ((RX)) the provider of market intelligence to the pharmaceutical and healthcare industries surged 24.2% or $4.07 to $20.88.

Kendle International Inc ((KNDL)) advanced 4.0% or 67 cents to $17.15 after the provider of clinical-development services said third quarter revenues fell 26% to $133.8 million from $181.1 million a year ago. Net income in the quarter fell 6.4% to $8.8 million or 59 cents per diluted share compared to net income of $9.4 million or 62 cents per share a year ago.

K-Swiss Inc ((KSWS)) rose 15% or $1.27 to $9.01 an athletic-shoes maker reported third quarter revenues fell 24% to $70.6 million from $92.6 million a year ago. Net loss in the quarter was $2.9 million or 8 cents per diluted share compared to net income of $1.1 million or 3 cents per share a year ago.

Liberty Global, Inc ((LBTYA)) fell 0.9% or 20 cents to $20.81 an international communications provider of video said third quarter revenues rose 7.2% to $2.82 billion from $2.63 billion a year ago. Net loss in the quarter was $120.3 million or 45 cents per diluted share compared to net loss of $308.9 million or $1.01 per share a year ago.

MetroPCS Communications, Inc ((PCS)) decreased 11% or 74 cents to $5.88 after the wireless carrier reported third quarter revenues rose 30.4% to $895.6 million from $686.7 million a year ago. Net income in the quarter rose 64% to $73.6 million or 21 cents per diluted share compared to net income of $44.9 million or 13 cents per share a year ago.

Murphy Oil Corporation ((MUR)) slipped 2.0% or $1.27 to $62.00 after the oil company said third quarter sales fell 36.6% to $5.18 billion from $8.17 billion a year ago. Net income in the quarter fell 67.7% to $188.9 million or 98 cents per diluted share compared to net income of $584.4 million or $3.04 per share a year ago.

NetSuite Inc ((N)) fell 0.1% or 2 cents to $14.63 after the provider of business software said third quarter sales rose 3% to $41.7 million from $40.4 million a year ago. Net loss in the quarter was $8.0 million or 13 cents per diluted share compared to net loss of $6.2 million or 10 cents per share a year ago.

OM Group, Inc ((OMG)) increased 3.6% or $1.00 to $28.56 after the producer of specialty chemicals reported third quarter sales fell 47.6% to $235.2 million from $448.6 million a year ago. Net income in the quarter fell 80% to $11.4 million or 38 cents per diluted share compared to net income of $56.3 million or $1.85 per share a year ago.

Omnicare, Inc ((OCR)) fell 0.2% or 6 cents to $22.36 after the pharmaceutical services company reported third quarter sales fell 2.5% to $1.54 billion from $1.58 billion a year ago. Net income in the quarter rose 35% to $72.5 million or 61 cents per diluted share compared to net income of $53.8 million or 46 cents per share a year ago.

PHH Corporation ((PHH)) rose 1.6% or 26 cents to $16.12 an outsource provider of mortgage and fleet management services reported third quarter sales fell 5% to $507 million from $533 million a year ago. Net loss in the quarter was $52 million or 94 cents per diluted share compared to net loss of $84 million or $1.56 per share a year ago.

Southern Union Company ((SUG)) added 1.4% or 27 cents to $19.53 after the distributor of natural gas reported third quarter sales fell 33.3% to $438.5 million from $657.3 million a year ago. Net income in the quarter rose 5% to $44.7 million or 36 cents per diluted share compared to net income of $42.5 million or 34 cents per share a year ago.

Teradata Corporation ((TDC)) advanced 0.9% or 26 cents to $29.29 after the database manager reported third quarter sales fell 3% to $425 million from $439 million a year ago. Net income in the quarter rose 5% to $63 million or 36 cents per diluted share compared to net income of $60 million or 33 cents per share a year ago.

THQ Inc ((THQI)) rose 3.7% or 19 cents to $5.21 after the publisher of wrestling and martial arts video games said second quarter net loss of $5.6 million or 8 cents diluted per share compared net loss of $115.3 million or $1.73 per share a year ago.

Whole Foods Market, Inc ((WFMI)) fell 14.7% or $4.71 to $27.35 after the natural-food grocer said fourth quarter sales increased 2.3% to $1.8 billion. Comparable store sales decreased 0.9% versus a 0.4% increase in the prior year.