Starbucks, Blue Nile, Intl Game Tech Rise

Mayank Mehta
06 Nov, 2009
New York City

International Game Technology led gainers in the S&P 500 index on better than expected earnings. Blue Nile, the online jeweler rises after it lifts annual outlook. Starbucks reports strong quarterly results on cost cutting. Sotheby

[R]12:20 PM New York – International Game Technology led gainers in the S&P 500 index on better than expected earnings. Blue Nile, the online jeweler rises after it lifts annual outlook. Starbucks reports strong quarterly results on cost cutting. Sotheby’s loss widens on weak auction environment.[/R]

Of the stocks in S&P 500 index, 220 increased, 266 declined and 14 were unchanged.

American International Group, Inc led the decliners in the S&P 500 index with a loss of 10.1% followed by losses in VeriSign, Inc of 8.0%, in Sunoco, Inc of 5.1%, in Rockwell Automation, Inc of 3.1% and in Gannett Co., Inc of 2.4%.

International Game Technology led gainers in the S&P 500 index with a rise of 8.8% followed by gains in JDS Uniphase Corporation 7.4%, in NVIDIA Corporation of 6.8% and in Lennar Corporation of 6.1%.

Other Movers

Aceto Corporation ((ACET)) advanced 5.8% or 32 cents to $5.78 after the distributor of chemicals and generic drugs reported first quarter sales fell 24.7% to $70.6 million from $93.8 million a year ago. Net income in the quarter fell 78.3% to $1.0 million or 4 cents per diluted share compared to net income of $4.6 million or 18 cents per share a year ago.

A.C. Moore Arts & Crafts, Inc ((ACMR)) after the specialty retailer of arts, crafts and floral merchandise reported third quarter sales fell 9% to $106.1 million from $116.7 million a year ago. Net loss in the quarter was $12.9 million or 53 cents per diluted share compared to net loss of $7.5 million or 37 cents per share a year ago.

Activision Blizzard Inc ((ATVI)) added 4.9% or 53 cents to $11.40 after the video-game developer said third quarter revenue rose to $703 million from $680 million a year ago.

Allos Therapeutics, Inc ((ALTH)) the cancer drug developer increased 5.2% or 31 cents to $6.20.

Amerisafe, Inc ((AMSF)) added 0.2% or 5 cents to $18.63 an insurer said third quarter revenues fell 12% to $67.2 million from $76.3 million a year ago. Net income in the quarter rose 12.7% to $15.1 million or 74 cents per diluted share compared to net income of $13.4 million or 65 cents per share a year ago.

American Science and Engineering, Inc ((ASEI)) gained 2.6% or $1.83 to $72.18 after the maker of bomb-detecting equipment for security inspections said second quarter earnings per share of $1.18 compared to 83 cents diluted per share a year ago.

Arena Resources, Inc ((ARD)) decreased 3.9% or $1.68 to $41.13, an oil and natural gas exploration company said third quarter revenues fell 47% to $36.1 million from $68.4 million a year ago. Net income in the quarter fell 55% to $12.1 million or 31 cents per diluted share compared to net income of $26.9 million or 69 cents per share a year ago.

Atmel Corporation ((ATML)) advanced 3.1% or 12 cents to $3.91 after the chipmaker said third quarter revenues fell 20.6% to $317.7 million from $400.0 million a year ago. Net loss in the quarter was $17.5 million or 4 cents per diluted share compared to net loss of $4.7 million or 1 cent per share a year ago.

Blue Nile, Inc ((NILE)) climbed 3.8% or $2.28 to $61.00 an online jewelry retailer said third quarter sales rose 2.3% to $66.9 million from $65.4 million a year ago. Net income in the quarter rose 13% to $2.6 million or 17 cents per diluted share compared to net income of $2.3 million or 15 cents per share a year ago.

California Pizza Kitchen, Inc ((CPKI)) dropped 0.2% or 3 cents to $13.81 after the restaurant chain said third quarter sales fell 5.3% to $164.8 million from $174 million a year ago. Net income in the quarter rose 16% to $5.8 million or 24 cents per diluted share compared to net income of $5 million or 20 cents per share a year ago.

CBS Corporation ((CBS)) increased 7.4% or 89 cents to $12.79 after the mass media broadcaster said third quarter revenues fell 1% to $3.35 billion from $3.38 billion a year ago. Net income in the quarter was $207.6 million or 30 cents per diluted share compared to net loss of $12.5 billion or $18.58 per share a year ago.

Choice Hotels International, Inc ((CHH)) rose 2.0% or 64 cents to $31.59 after the hotel franchisor said third quarter revenues fell 13% to $166 million from $191.2 million a year ago. Net income in the quarter fell 8.6% to $32.8 million or 55 cents per diluted share compared to net income of $35.9 million or 57 cents per share a year ago.

Dolan Media Company ((DM)) increased 7.7% or 99 cents to $13.77 after the provider of business information and professional services reported third quarter revenues rose 30% to $62.3 million from $47.9 million a year ago. Net income in the quarter rose 136% to $5.9 million or 20 cents per diluted share compared to net income of $2.5 million or 9 cents per share a year ago.

Eclipsys Corporation ((ECLP)) added 4.1% or 78 cents to $19.56 after the provider of clinical and revenue cycle software said third quarter revenues fell 5.2% to $125.5 million from $132.4 million a year ago. Net income in the quarter fell 95.5% to $3.9 million or 7 cents per diluted share compared to net income of $87.4 million or $1.58 per share a year ago.

EOG Resources, Inc ((EOG)) advanced 3.2% or $2.73 to $88.03 after the oil and gas company said third quarter sales fell 69% to $1.01 billion from $3.26 billion a year ago. Net income in the quarter fell 99.7% to $4.2 million or 2 cents per diluted share compared to net income of $1.56 billion or $6.20 per share a year ago.

ExlService Holdings, Inc ((EXLS)) climbed 2.6% or 36 cents to $13.86 after the business solutions provider reported third quarter revenues rose 3.4% to $48.2 million from $46.6 million a year ago. Net income in the quarter was $4 million or 14 cents per diluted share compared to net loss of $1.1 million or 4 cents per share a year ago.

Fortress Investment Group LLC ((FIG)) fell 5.9% or 27 cents to $4.30 after the asset manager reported third quarter revenues fell 22.4% to $143.7 million from $185.1 million a year ago. Net loss in the quarter was $58.6 million or 43 cents per diluted share compared to net loss of $57.4 million or 66 cents per share a year ago.

FreightCar America, Inc ((RAIL)) fell 5.4% or $1.40 to $24.20 after the manufacturer of aluminum-bodied railcars reported third quarter sales fell 77% to $55.1 million from $238.0 million a year ago. Net income in the quarter fell 89% to $1.1 million or 9 cents per diluted share compared to net income of $10 million or 85 cents per share a year ago.

General Steel Holdings, Inc ((GSI)) surged 22.4% or 88 cents to $4.80 after the producer of steel products reported third quarter sales rose 17.8% to $484.8 million from $411.5 million a year ago. Net income in the quarter fell 49.3% to $10.4 million or 22 cents per diluted share compared to net income of $20.5 million or 57 cents per share a year ago.

Home Properties, Inc ((HME)) climbed 3.7% or $1.46 to $40.37 after the real estate investment trust said third quarter revenues rose 2% to $126.3 million from $123.8 million a year ago. Net income in the quarter fell 22% to $5.3 million or 16 cents per diluted share compared to net income of $6.8 million or 21 cents per share a year ago.

InnerWorkings, Inc ((INWK)) added 0.2% or 1 cent to $5.01 after the provider of managed print and promotional procurement solutions said third quarter revenues fell 19.5% to $98.2 million from $122.0 million a year ago. Net income in the quarter fell 70% to $1.7 million or 4 cents per diluted share compared to net income of $5.7 million or 12 cents per share a year ago.

JDS Uniphase Corporation ((JDSU)) increased 5.0% or 29 cents to $6.07 after the telecoms equipment maker said first quarter revenues fell 21% to $297.8 million from $377.2 million a year ago. Net loss in the quarter was $31.9 million or 15 cents per diluted share compared to net loss of $21.3 million or 10 cents per share a year ago.

Magna International Inc ((MGA)) dropped 1.2% or 55 cents to $43.65 after the automotive supplier said third quarter sales fell 15.6% to $4.67 billion from $5.53 billion a year ago. Net income in the quarter was $51 million or 45 cents per diluted share compared to net loss of $215 million or $1.93 per share a year ago.

NIC Inc ((EGOV)) added 3.1% or 26 cents to $8.65 after the provider of eGovernment services said third quarter revenues rose 50% to $37.3 million from $24.9 million a year ago. Net income in the quarter rose 32% to $4.1 million or 6 cents per diluted share compared to net income of $3.1 million or 5 cents per share a year ago.

The PMI Group, Inc ((PMI)) surged 12.1% or 27 cents to $2.50 after the mortgage insurer reported third quarter revenues rose 0.6% to $226.9 million from $225.5 million a year ago. Net loss in the quarter was $93.2 million or $1.13 per diluted share compared to net loss of $229.4 million or $2.81 per share a year ago.

SandRidge Energy, Inc ((SD)) the producer of natural gas and crude oil in Texas and the Gulf of Mexico fell 8.0% or 85 cents to $9.77.

Scripps Networks Interactive, Inc ((SNI)) rose 1.6% or 62 cents to $39.23 after the media company reported third quarter sales rose 0.1% to $364.5 million from $364.2 million a year ago. Net income in the quarter rose 14% to $65.3 million or 39 cents per diluted share compared to net income of $57.3 million or 35 cents per share a year ago.

Skyworks Solutions, Inc ((SWKS)) increased 7.1% or 78 cents to $11.76 after the wireless semiconductor maker said fourth quarter revenue increased 19% to $228.1 million from $191.2 million a year ago.

Smith & Nephew plc ((SNN)) slipped 0.5% or 26 cents to $44.65 after the medical device maker reported third quarter revenues fell 1.6% to $915 million from $930 million a year ago. Net income in the quarter rose 73% to $128 million or 14.4 cents per diluted share compared to net income of $74 million or 8.3 cents per share a year ago.

Starbucks Corporation ((SBUX)) rose 3.8% or 76 cents to $20.46 after the coffee chain reported fourth quarter revenues fell 4% to $2.42 billion from $2.52 billion a year ago. Net income in the quarter was $150 million or 20 cents per diluted share compared to net income of $5.4 million or 1 cent per share a year ago.

Sotheby''s ((BID)) rose 0.8% or 16 cents to $18.36 after the auction house said third quarter net loss was $57.8 million or 89 cents diluted per share compared to $47.0 million or 73 cents per share a year ago.

Tenaris S.A ((TS)) rose 0.4% or 18 cents to $39.56 after the producer of seamless steel pipes for the energy industry said third quarter sales fell 42.3% to $1.77 billion from $3.07 billion a year ago. Net income in the quarter fell 60% to $229.9 million or 19 cents per diluted share compared to net income of $570.6 million or 48 cents per share a year ago.

ViaSat, Inc ((VSAT)) climbed 3.1% or 91 cents to $29.97 after the producer of satellite and other wireless communications and networking systems said second quarter revenues rose 1% to $160.7 million from $159.3 million a year ago. Net income in the quarter fell 1% to $9.2 million or 28 cents per diluted share compared to net income of $9.3 million or 29 cents per share a year ago.

Zymogenetics, Inc ((ZGEN)) increased 4.4% or 22 cents to $5.13 after the biotechnology company said third quarter sales rose 131% to $27.5 million from $11.9 million a year ago. Net loss in the quarter was $11.4 million or 17 cents per diluted share compared to net loss of $28.8 million or 42 cents per share a year ago.