VistaPrint, J Crew, Tiffany Rise; Satyam Falls

Mayank Mehta
25 Nov, 2009
New York City

Tiffany & Co led gainers in the S&P 500 index with a rise of 4.1%. Coldwater Creek Inc posts $34 million loss. Eaton Vance Corp net surges 39%. H. J. Heinz Co second quarter net falls. Conns Inc third quarter loss widens on charges. Deere & Co reports annual profit.

[R]11:55 AM New York – Tiffany & Co led gainers in the S&P 500 index with a rise of 4.1%. Coldwater Creek Inc posts $34 million loss. Eaton Vance Corp net surges 39%. H. J. Heinz Co second quarter net falls. Conn’s Inc third quarter loss widens on charges. Deere & Co reports profit for the fiscal year.[/R]

Of the stocks in S&P 500 index, 255 increased, 234 declined and 11 were unchanged.

Halliburton Company led the decliners in the S&P 500 index with a loss of 3.2% followed by losses in Mattel, Inc of 2.2%, in Schlumberger Limited of 2.0%, in Apollo Group, Inc of 1.7% and in Dynegy Inc of 1.6%.

Tiffany & Co led gainers in the S&P 500 index with a rise of 4.1% followed by gains in JDS Uniphase Corporation 2.9%, in Limited Brands, Inc of 2.5% and in Coach, Inc of 1.9%.

Other Movers

Blue Coat Systems, Inc ((BCSI)) climbed 6.3% or $1.63 to $27.30 after the provider of Internet security for corporations said for the third fiscal quarter ending January 31, 2010, the company currently expects net revenue in the range of $121 to $126 million.

China Finance Online Co. Limited ((JRJC)) slipped 2.7% or 25 cents to $8.90 after the provider of online financial information and listed company data reported third quarter revenues fell 4% to $14.6 million from $15.2 million a year ago. Net loss in the quarter was $1.0 million or 5 cents per ADS compared to net income of $4.8 million or 21 cents per ADS a year ago.

Coldwater Creek Inc ((CWTR)) decreased 5.6% or 30 cents to $5.05 after the women''s apparel retailer said third quarter sales rose 16.7% to $266.7 million from $228.5 million a year ago. Net loss in the quarter was $34 million or 37 cents per diluted share compared to net loss of $1.3 million or 1 cent per share a year ago.

Conn’s Inc ((CONN)) fell 4.7% or 30 cents to $6.04 after the specialty retailer of home appliances and consumer electronics reported third quarter revenues fell 0.5% to $182.8 million from $183.7 million a year ago. Net loss in the quarter was $15.3 million or 68 cents per diluted share compared to net loss of $7.7 million or 35 cents per share a year ago.

Deere & Company ((DE)) dropped 1.3% or 69 cents to $51.60 after the agricultural equipment company reported fourth quarter sales fell 28% to $5.33 billion from $7.40 billion a year ago. Net loss in the quarter was $222.8 million or 53 cents per diluted share compared to net income of $345 million or 81 cents per share a year ago.

Ener1, Inc ((HEV)) surged 12.7% or 69 cents to $6.11 after advanced lithium-ion battery maker EnerDel will enter the utility-scale energy storage market, supplying batteries for a major new smart grid program announced yesterday by the U.S. Department of Energy.

Eaton Vance Corp ((EV)) added 0.1% or 4 cents to $29.90 after the investment manager said fourth quarter revenues rose 2% to $254.1 million from $249.8 million a year ago. Net income in the quarter rose 39% to $48.4 million or 39 cents per diluted share compared to net income of $34.9 million or 28 cents per share a year ago.

Giant Interactive Group Inc ((GA)) advanced 4.9% or 34 cents to $7.16 an online game developer and operator said third quarter revenues rose 9.4% to Rmb 290.2 million from Rmb 265.2 million a year ago. Net income in the quarter rose 47.4% to Rmb 197.7 million or Rmb 0.84 per ADS compared to net income of Rmb 134.1 million or Rmb 0.54 per ADS a year ago.

Halliburton Company ((HAL)) the oilfield-services provider dropped 2.8% or 87 cents to $29.59.

H. J. Heinz Company ((HNZ)) fell 0.03% or 1 cent to $43.22 after the food maker said second quarter sales rose 2.3% to $2.67 billion from $2.61 billion a year ago. Net income in the quarter fell 16.4% to $231.4 million or 73 cents per diluted share compared to net income of $276.7 million or 87 cents per share a year ago.

J.Crew Group, Inc ((JCG)) increased 8.0% or $3.29 to $44.14 after the seller of clothes, shoes and accessories said third quarter revenues rose 14% to $414.1 million from $363.1 million a year ago. Net income in the quarter rose 131% to $43.9 million or 67 cents per diluted share compared to net income of $19.0 million or 30 cents per share a year ago.

JDS Uniphase Corporation ((JDSU)) increased 4.5% or 34 cents to $7.74 after the maker of phone equipment was upgraded at “buy” at Citigroup.

Incyte Corporation ((INCY)) rose 5.4% or 43 cents to $8.15 after the drug discovery announced today that it has entered into a development and license agreement with Novartis for two of its investigational hematology-oncology therapies.

OAO Gazprom ((OGZPY)) fell 2.8% or 69 cents to $23.81 and the gas company said it plans to invest in 2010 a total of R802.4 billion.

QAD Inc ((QADI)) surged 14.2% or 62 cents to $4.97 an enterprise software and services provider said third quarter revenues fell 17% to $56.2 million from $67.8 million a year ago. Net income in the quarter was $4.8 million or 15 cents per diluted share compared to net loss of $1.8 million or 6 cents per share a year ago.

Satyam Computer Services Limited ((SAY)) the Indian software company plunged 11.2% or 57 cents to $4.48 after the estimated loss linked to the fraud was revised higher.

TiVo Inc ((TIVO)) climbed 0.5% or 6 cents to $11.03 after the provider of technology and services for digital video recorders said third quarter revenues fell 12% to $56.9 million from $64.5 million a year ago. Net loss in the quarter was $6.7 million or 6 cents per diluted share compared to net income of $100.6 million or 98 cents per share a year ago.

Tiffany & Co ((TIF)) rose 5.6% or $2.35 to $44.19 after the jewelry group reported third quarter sales fell 3% to $598.2 million from $616.2 million a year ago. Net income in the quarter fell 1% to $43.3 million or 35 cents per diluted share compared to net income of $43.8 million or 35 cents per share a year ago.

VistaPrint NV ((VPRT)) increased 4.9% to $52.69 after Citigroup lifted its rating on the stock to “buy” from “hold” and set a target price of $62.