Ebay, Estee Lauder, Starbucks, Xerox Rise

Mayank Mehta
21 Jan, 2010
New York City

Goldman Sachs quarterly and annual earnings exceeded estimates and said it will payout $16 billion in bonuses. Estee Lauder, Seagate Technology, Starbucks and Xerox Corp increased after reporting better than expected earnings. eBay surged after it offered annual earnings outlook.

[R]11:30 AM New York – Goldman Sachs quarterly and annual earnings exceeded estimates and said it will payout $16 billion in bonuses. Estee Lauder, Seagate Technology, Starbucks and Xerox Corp increased after reporting better than expected earnings. eBay surged after it offered annual earnings outlook.[/R]

Of the stocks in S&P 500 index, 338 increased, 153 declined and 9 were unchanged.

Total System Services, Inc led the decliners in the S&P 500 index with a loss of 15.0% followed by losses in Legg Mason, Inc of 4.8% and in The PNC Financial Services Group, Inc of 4.6%, in PPG Industries, Inc of 3.9% and in Freeport-McMoran Copper & Gold Inc of 3.8%.

KeyCorp led gainers in the S&P 500 index with a rise of 11.0% followed by gains in Fifth Third Bancorp 9.9%, in eBay Inc of 7.5% and in Comerica Incorporated 7.2%.

Other Movers

Amdocs Limited ((DOX)) added 3.7% or $1.08 to $29.60 after the maker of phone-billing and customer-management software said first quarter revenues fell 4% to $724.8 million from $753.8 million a year ago. Net income in the quarter rose 19% to $88.4 million or 43 cents per diluted share compared to net income of $74.2 million or 35 cents per share a year ago.

AMR Corporation ((AMR)) rose 0.7% or 6 cents to $8.55 after the airline industry said fourth quarter revenues fell 7.4% to $5.06 billion from $5.47 billion a year ago. Net loss in the quarter was $344 million or $1.03 per diluted share compared to net loss of $347 million or $1.24 per share a year ago.

Continental Airlines, Inc ((CAL)) added 2.5% or 53 cents to $21.15 after the airline company reported fourth quarter revenues fell 8.3% to $3.18 billion from $3.47 billion a year ago. Net income in the quarter was $85 million or 60 cents per diluted share compared to net loss of $269 million or $2.35 per share a year ago.

eBay Inc ((EBAY)) increased 7.5% or $1.67 to $23.90 after the e-commerce company said fourth quarter revenues rose 16% to $2.37 billion from $2.04 billion a year ago. Net income in the quarter rose 268% to $1.35 billion or $1.02 per diluted share compared to net income of $367.2 million or 29 cents per share a year ago. The company also guided full year earnings per share between $1.63 and $1.68.

The Estee Lauder Companies Inc ((EL)) rose 8.2% or $4.03 to $53.07 after the cosmetic maker estimated second quarter ending in December with net sales growth of between 10% and 11% and diluted net earnings per share of between $1.23 and $1.30.

Fairchild Semiconductor International, Inc ((FCS)) increased 7.9% or 74 cents to $10.02 after the non-power semiconductor solutions maker reported fourth quarter revenues rose 10.5% to $354.5 million from $320.9 million a year ago. Net income in the quarter was $13.1 million or 10 cents per diluted share compared to net loss of $218.1 million or $1.76 per share a year ago.

Fifth Third Bancorp ((FITB)) the lender increased 6.9% or 79 cents to $12.10.

Garmin Ltd ((GRMN)) the maker of portable navigation devices fell 4.2% or $1.53 to $34.62.

The Goldman Sachs Group, Inc ((GS)) rose 0.3% or 66 cents to $168.45 after the bank reported fourth quarter revenues were $9.6 billion from loss of $1.6 billion a year ago. Net income in the quarter was $4.8 billion or $8.20 per diluted share compared to net loss of $2.3 billion or $4.97 per share a year ago. The company also said it will set aside $16.2 billion in management and employees’ compensation in 2009, nearly 50% higher than in 2008 but below 2007 record payout of $20.2 billion.

Hudson City Bancorp, Inc ((HCBK)) rose 0.1% or 2 cents to $13.61 after the finance company said fourth quarter net interest income rose 27.3% to $331.8 million from $260.5 million a year ago. Net income in the quarter rose 10% to $136.6 million or 28 cents per diluted share compared to net income of $124.3 million or 25 cents per share a year ago.

Kinder Morgan Energy Partners, L.P ((KMP)) decreased 1.5% or 98 cents to $64.00 after the pipeline transportation network operator said fourth quarter revenues fell 16.6% to $1.91 billion from $2.29 billion a year ago. Net income in the quarter rose 29% to $343.8 million or 34 cents per diluted share compared to net income of $266.1 million or 19 cents per share a year ago.

Legg Mason, Inc ((LM)) fell 8.8% or $2.77 to $28.66 after the asset manager reported net income of $44.9 million, or 28 cents per diluted share including 11 cents per diluted share in real estate lease losses, as compared with $45.8 million or 30 cents per share in the previous quarter.

Logitech International S.A ((LOGI)) rose 0.4% or 9 cents to $18.55 after the maker of computer devices said third quarter sales fell 1.7% to $617.1 million from $627.5 million a year ago. Net income in the quarter rose 41% to $57.1 million or 32 cents per diluted share compared to net income of $40.5 million or 22 cents per share a year ago.

Meredith Corporation ((MDP)) fell 0.2% or 7 cents to $33.09 after the media and marketing company reported second quarter revenues fell 7% to $336.9 million from $361.3 million a year ago. Net income in the quarter rose 52% to $19.0 million or 42 cents per diluted share compared to net income of $12.5 million or 28 cents per share a year ago.

The Progressive Corporation ((PGR)) rose 0.4% or 8 cents to $17.68 after the auto insurer said fourth quarter net premiums written rose 9.7% to $3.4 billion from $3.1 billion a year ago. Net income in the quarter rose 91.5% to $305 million or 46 cents per diluted share compared to net income of $159.3 million or 24 cents per share a year ago.

Plexus Corp ((PLXS)) surged 9.5% or $2.76 to $31.74 after the electronics manufacturing services provider said first quarter sales fell 5.6% to $430.4 million from $456.1 million a year ago. Net income in the quarter rose 4.7% to $17.8 million or 44 cents per diluted share compared to net income of $17.0 million or 43 cents per share a year ago.

Seagate Technology ((STX)) the maker of hard-disk drives surged 10.6% or $1.89 to $19.65 after it reported better than expected earnings and is likely to revise its 2010 estimate higher.

SLM Corporation ((SLM)) gained 3.8% or 46 cents to $12.42 after the student loan company reported fourth quarter net income $309 million.

Southwest Airlines Co ((LUV)) advanced 1.4% or 16 cents to $11.46 after the passenger airline reported fourth quarter revenues fell 0.7% to $2.71 billion from $2.73 billion a year ago. Net income in the quarter was $116 million or 16 cents per diluted share compared to net loss of $56 million or 8 cents per share a year ago.

Starbucks Corporation ((SBUX)) gained 3.3% or 78 cents to $24.07 after the coffee chain said first quarter revenues rose 4% to $2.72 billion from $2.62 billion a year ago. Net income in the quarter rose 275.6% to $241.5 million or 32 cents per diluted share compared to net income of $64.3 million or 9 cents per share a year ago.

Total System Services, Inc ((TSS)) plunged 12.2% or $2.08 to $14.93 after the credit card transaction processor said fourth quarter revenues rose 0.5% to $434.8 million from $432.7 million a year ago. Net income in the quarter fell 9.2% to $60.2 million or 31 cents per diluted share compared to net income of $66.3 million or 34 cents per share a year ago.

Woodward Governor Company ((WGOV)) fell 2.2% or 64 cents to $28.30 after the maker of energy control systems for aircraft said first quarter sales fell 1.6% to $339.3 million from $344.7 million a year ago. Net income in the quarter fell 17.3% to $22.4 million or 32 cents per diluted share compared to net income of $27.1 million or 39 cents per share a year ago.

Xerox Corporation ((XRX)) added 2.3% or 21 cents to $9.10 after the manufacturer of document equipments and software reported fourth quarter revenues fell 3.4% to $4.22 billion from $4.37 billion a year ago. Net income in the quarter was $180 million or 20 cents per diluted share compared to net income of $1 million or break even per share a year ago.

Xilinx, Inc ((XLNX)) rose 0.04% or 1 cent to $23.95 after the chip maker said third quarter sales rose 12% to $513.3 million from $458.4 million a year ago. Net income in the quarter fell 10.5% to $106.9 million or 38 cents per diluted share compared to net income of $119.4 million or 44 cents per share a year ago.