GE, Intuitive Surgical Rise; Google, AMD Fall

Mayank Mehta
22 Jan, 2010
New York City

Intuitive Surgical, Inc led gainers in the S&P 500 index with a rise of 10.5%. Google earnings quadruple and sales increase 17%. General Electric net drops 19%. Kimberly-Clark

[R]11:30 AM New York – Intuitive Surgical, Inc led gainers in the S&P 500 index with a rise of 10.5%. Google earnings quadruple and sales increase 17%. General Electric net drops 19%. Kimberly-Clark’s earnings per share increase 16%. Schlumberger net drops 31%.[/R]

Of the stocks in S&P 500 index, 121 increased, 370 declined and 9 were unchanged.

Advanced Micro Devices, Inc led the decliners in the S&P 500 index with a loss of 8.0% followed by losses in Capital One Financial Corporation of 7.2% and in United States Steel Corporation of 5.2%, in Harley-Davidson, Inc of 5.2% and in SLM Corporation of 4.6%.

Intuitive Surgical, Inc led gainers in the S&P 500 index with a rise of 10.5% followed by gains in Johnson Controls, Inc 7.0%, in International Game Technology of 4.3% and in Quanta Services, Inc.3.3%.

Other Movers

Advanced Micro Devices, Inc ((AMD)) decreased 5.5% or 50 cents to $8.49 after the maker of computer microprocessors said fourth quarter revenues rose 42% to $1.65 billion from $1.16 billion a year ago. Net income in the quarter was $1.2 billion or $1.52 per diluted share compared to net loss of $1.4 billion or $2.36 per share a year ago.

Air Products and Chemicals, Inc ((APD)) rose 0.8% or 65 cents to $80.51 an industrial and medical gas supplier reported first quarter sales rose 1.4% to $2.17 billion from $2.20 billion a year ago. Net income in the quarter rose 267% to $251.8 million or $1.16 per diluted share compared to net income of $68.6 million or 32 cents per share a year ago.

American Express Company ((AXP)) declined 2.3% or 99 cents to $41.17 after the credit card company said fourth quarter revenues fell 0.3% to $6.49 billion from $6.51 billion a year ago. Net income in the quarter rose 198% to $716 million or 60 cents per diluted share compared to net income of $240 million or 21 cents per share a year ago.

Amcol International Corporation ((ACO)) rose 0.6% or 17 cents to $28.05 after the specialty mineral producer reported fourth quarter sales fell 14% to $176.7 million from $205.2 million a year ago. Net income in the quarter was $11.2 million or 36 cents per diluted share compared to net loss of $46,000 or break even per share a year ago.

Anheuser-Busch InBev NV ((BUD)) the beer maker added 1.5% or 75 cents to $48.64.

Assurant, Inc ((AIZ)) increased 3.1% or 99 cents to $32.29 after the insurer of phones, mobile homes, washing machines and funerals announced that it has entered into a settlement with the U.S. Securities and Exchange Commission (""SEC"") that concludes the SEC''s finite reinsurance investigation of Assurant.

Atlas Pipeline Partners, L.P ((APL)) declined 4.8% or 62 cents to $12.30.

Capital One Financial Corporation ((COF)) fell 4.5% or $1.95 to $40.75 after the credit card and banking company said fourth quarter net interest income rose 8.3% to $1.95 billion from $1.80 billion a year ago. Net income in the quarter was $375.6 million or 83 cents per diluted share compared to net loss of $1.45 billion or $3.74 per share a year ago.

Conexant Systems, Inc ((CNXT)) the maker of chips for smart phones gained 7.1% or 21 cents to $3.17.

General Electric Company ((GE)) rose 2% or 32 cents to $16.34 after the technology, media and financial services company reported fourth quarter sales fell 10.3% to $41.4 billion from $46.2 billion a year ago. Net income in the quarter fell 19.4% to $2.94 billion or 28 cents per diluted share compared to net income of $3.65 billion or 35 cents per share a year ago.

Google Inc ((GOOG)) dropped 4.3% or $25.23 to $557.75 after the search technology developer said fourth quarter revenues rose 17% to $6.67 billion from $5.70 billion a year ago. Net income in the quarter rose 416% to $1.97 billion or $6.13 per diluted share compared to net income of $382.4 million or $1.21 per share a year ago.

Huntington Bancshares Incorporated ((HBAN)) fell 2.8% or 13 cents to $4.40 after the finance company reported fourth quarter net interest income fell 0.6% to $374.1 million from $376.4 million a year ago. Net loss in the quarter was $399 million or 56 cents per diluted share compared to net loss of $440.4 million or $1.20 per share a year ago.

Interactive Brokers Group, Inc ((IBKR)) slipped 6.7% or $1.12 to $15.38 an automated electronic broker said fourth quarter revenues fell 54.5% to $215.8 million from $474.8 million a year ago. Net income in the quarter fell 88.7% to $2.3 million or 6 cents per diluted share compared to net income of $20.3 million or 49 cents per share a year ago.

International Game Technology ((IGT)) increased 3.8% or 77 cents to $20.97 after the maker of electronic gambling machines said first quarter sales fell 14.3% to $515.7 million from $601.6 million a year ago. Net income in the quarter rose 20% to $73.3 million or 25 cents per diluted share compared to net income of $61.2 million or 21 cents per share a year ago.

Intuitive Surgical, Inc ((ISRG)) gained 7.6% or $23.21 to $327.70 after the manufacturer of the da Vinci surgical systems said fourth quarter revenues rose 39.5% to $323.0 million from $231.5 million a year ago. Net income in the quarter rose 53% to $77.6 million or $1.95 per diluted share compared to net income of $50.8 million or $1.27 per share a year ago.

Johnson Controls, Inc ((JCI)) gained 7.4% or $2.15 to $31.00 after the auto parts and building systems maker reported first quarter sales rose 15% to $8.4 billion from $7.3 billion a year ago. Net income in the quarter was $350 million or 52 cents per diluted share compared to net loss of $608 million or $1.02 per share a year ago.

JPMorgan Chase & Co ((JPM)) fell 0.9% or 40 cents to $40.14 as investors worried that limiting risk taking and tighter regulations will curb earnings.

Kimberly-Clark Corporation ((KMB)) dropped 1.8% or $1.11 to $60.00 after the health and hygiene company reported fourth quarter sales rose 8.2% to $4.98 billion from $4.60 billion a year ago. Net income in the quarter rose 17.4% to $492 million or $1.17 per diluted share compared to net income of $419 million or $1.01 per share a year ago.

McDonald’s Corporation ((MCD)) rose 0.4% or 29 cents to $63.49 after the food service industry reported fourth quarter revenues rose 7% to $5.97 billion from $5.57 billion a year ago. Net income in the quarter rose 24% to $1.22 billion or $1.11 per diluted share compared to net income of $985.3 million or 87 cents per share a year ago.

NRG Energy, Inc ((NRG)) rose 4.1% or 99 cents to $24.99 after the power producer and Enel North America, Inc., a subsidiary of Enel S.p.A. signed an agreement for the sale of NRG’s terrestrial wind development company, Padoma Wind Power LLC.

Popular, Inc ((BPOP)) rose 2.8% or 6 cents to $2.17 after the bank said fourth quarter net interest income fell 7% to $269.3 million from $288.9 million a year ago. Net loss in the quarter was $213.2 million or 33 cents per diluted share compared to net loss of $718 million or $2.55 per share a year ago.

Schlumberger Limited ((SLB)) fell 1.1% or 78 cents to $67.50 after the oil services company reported fourth quarter revenues fell 16.4% to $5.74 billion from $6.87 billion a year ago. Net income in the quarter fell 31% to $795 million or 65 cents per diluted share compared to net income of $1.15 billion or 95 cents per share a year ago.

SunTrust Banks, Inc dropped 0.5% or 13 cents to $24.40 after the finance company reported fourth quarter revenues rose 1% to $1.95 billion from $1.93 billion a year ago. Net loss in the quarter was $248.1 million or 64 cents per diluted share compared to net loss of $347.6 million or $1.07 per share a year ago.

Synaptics Incorporated ((SYNA)) plunged 9.5% or $2.91 to $27.42 after the maker of touch pads for digital music players and electronic devices said second quarter revenues increased 11% to $133.3 million from $119.6 million a year ago.

TCF Financial Corporation ((TCB)) added 2.3% or 35 cents to $15.44 after the finance company said fourth quarter net interest income rose 15% to $169.6 million from $147.1 million a year ago. Net income in the quarter fell 22.6% to $19.5 million or 15 cents per diluted share compared to net income of $25.2 million or 20 cents per share a year ago.

Western Digital Corporation ((WDC)) fell 1.0% or 49 cents to $44.80 after the hard disk drive maker said second quarter revenues rose 44% to $2.62 billion from $1.82 billion a year ago. Net income in the quarter was $429 million or $1.85 per diluted share compared to net income of $14 million or 6 cents per share a year ago.